Excellent analysis billiards. And since the under
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Posted On: 01/11/2018 4:32:12 PM
Excellent analysis billiards. And since the underlying case as detailed basically remains in effect for any future potential defendants in this action, it is only consistent that all these shares which were deemed as "defectively issued" would be retired now in a settlement as well as in the future.
My belief is that ~50M shares were bought out at anywhere from 1/2 to 1 cent each ($250K-500K). The market value of that quantity @ .035 would be from $1.6M-1.8M but Fidler would obviously not offer the defendants the current stock price for what were bogus shares. JMHO but the point is a long protracted and expensive legal battle was avoided. My guess is the defendants did not have the wherewithal to pursue a case against a Chinese multi-millionaire/billionaire.
My belief is that ~50M shares were bought out at anywhere from 1/2 to 1 cent each ($250K-500K). The market value of that quantity @ .035 would be from $1.6M-1.8M but Fidler would obviously not offer the defendants the current stock price for what were bogus shares. JMHO but the point is a long protracted and expensive legal battle was avoided. My guess is the defendants did not have the wherewithal to pursue a case against a Chinese multi-millionaire/billionaire.
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