I expected the price was going to break the 52 week high and this morning was shown that was not to be.
If those filings with the court the other day were any indication one could derive formulative data from then the answer probably is there won't be a settlement announcement. Rather, a court document of further mediation or the switching of legal gears into the appeal process.
One thing for sure is that something is happening. Legal wheels are turning. KK is not filing SEC filings. The price is not showing investor enthusiasm. There is low volume. A large gap between bid/ask... For me, it shows the great possibility of doing crazy things once any 'new' news (especially positive for the company) comes out. And by news being considered good, that is a perspective for the individual investor.
Going for appeal will be considered good by some investors
Going for further mediation will be considered good by some investors
Having KK come out with an SEC filing showing ten billion shares being issued to various parties would be considered bad news by investors, and thus good news for those who don't like GERS.
I'm still in the camp of thinking it will end up being good for GERS shareholders/company. Just don't want to hear that the company has diluted behind the scenes or if the appeal goes forward, the company starts the same cycle of misery for investors...again.
