Maybe I am wrong, but based on the last OTC, post
Post# of 6614
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Posted On: 08/21/2020 3:23:06 PM
Re: Flashtrader #5466
Maybe I am wrong, but based on the last OTC, post they mentioned a lawsuit with the former CEO which means? I can't imagine that is helpful.
If you google "Brad Listermann and Lawsuit" , you find plenty. It looks like he wants the company to fail. Litigation may harm our business.
Substantial, complex or extended litigation could cause us to incur significant costs and distract our management. For example, lawsuits by employees, stockholders, collaborators, distributors, customers, competitors or others could be very costly and substantially disrupt our business. Disputes from time to time with such companies, organizations or individuals are not uncommon, and we cannot assure you that we will always be able to resolve such disputes or on terms favorable to us. Unexpected results could cause us to have financial exposure in these matters in excess of recorded reserves and insurance coverage, requiring us to provide additional reserves to address these liabilities, therefore impacting profits.
If you google "Brad Listermann and Lawsuit" , you find plenty. It looks like he wants the company to fail. Litigation may harm our business.
Substantial, complex or extended litigation could cause us to incur significant costs and distract our management. For example, lawsuits by employees, stockholders, collaborators, distributors, customers, competitors or others could be very costly and substantially disrupt our business. Disputes from time to time with such companies, organizations or individuals are not uncommon, and we cannot assure you that we will always be able to resolve such disputes or on terms favorable to us. Unexpected results could cause us to have financial exposure in these matters in excess of recorded reserves and insurance coverage, requiring us to provide additional reserves to address these liabilities, therefore impacting profits.
Take a look at these News Releases from 2016 - same stuff different day.
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