Friday, August 26, 2016 1:44:12 PM
Do you really think that $16K in cash is enough for them to get all the way to the end of a trial, plus an appeal after a trial is ATVI loses, all of which could take years?
Don't you think that ATVI would take the lawsuit a little more seriously if WDDD had several hundred thousand in cash and it was clear the company had more than enough to last until the end of a trial plus appeal timelines?
At this point, ATVI does not have to win the case, they just need to drag everything out long enough that no one else will willing to put in the next round of financing that allows WDDD to limp along.
If you look at the earlier posts, people were expecting the trial to take place back in 2012. Here we are years later and the case has hardly moved on the court calendar, showing that things have not gone the way anyone expected back then.
There was even some traders back in 2012 in WDDD expecting a run up in WDDD and then shifting everything over to VRNG to get in ahead of the run up expected there.
Louis J. Desy Jr.
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