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Until you live here. This place is absolute shit.
Lol I guess so
If he thinks the ones buying this follow him he’s not too bright.
Float = at or below 132k. It really makes no difference because this puppy is LOCKED.
Somewhere between zero and infinity.
This sure is a resilient bunch here, good luck to all involved.
There’s not many shares to get, accumulation line shows 90%+ of this company’s stock is locked up, and today’s trade action proved the same. That’s the reason for the aggressive movement coupled with the 132k float.
Think of it this way, in most cases like this involving intellectual property and patents the settlement offered is usually a % of whatever income has been generated by said product.
Based on the observation that the alleged company’s market cap increased 24b by announcing this product ill use that for the basis of my estimate.
24b - 5% = 1.2b
24b - 10% = 2.4b
Etc and so on.
This would just be for compensatory damages. A request for monetary punishment can be made as well due to the clear RICO implications this case has. Most times this can be between 1-5 times the compensatory damages. This also doesn’t include punitive damages which are usually settled on a basis that’s up to 10x the amount of the proposed settlement.
While some might call me crazy or pumpy for saying billions with an “s”, a little deductive reasoning and research shows that I’m actually being completely logical in what I’m saying here.
Do I expect a multi billion dollar settlement? No I don’t. However I would expect anything from 500m to 1b+ as being the “range” for this, especially since the implications of RICO are quite evident, and the plaintiff has evidence that BofA was clearly involved as well.
Food for thought.
Definitely, this lawsuit could go from singular to plural very quickly. As in billions with an “s”. not to mention the federal jail sentences that would follow. Rico is no joke, that’s why they’ve worked so hard to delay this. Tried to run sector 10 out of business in hopes of outlasting them financially. Time to pay the piper..
Agreed, the writing on the wall is clear as day.
Exactly, this is the order that would show shares are cancelled.
So much for the shares being cancelled eh? Better cover tomorrow.
Float is 305k, so at a 300m settlement you’re looking at $1000 PPS, do the math.
We can see that BofA did (almost) everything they could to avoid being caught up in this. Too bad they forgot to dispose of the one person that was proven to have ties to this matter.
You skimmed over the inevitable RICO case that this will ultimately turn into if it goes before a judge.
Aww that wall got scared off.. hahaha
It’s cute watching people scramble on the bid. This puppy is locked.
Do the DD, there’s potential for 50 bagger+ even at these levels, an no I’m not pumping.
Unless Monday was September 20th then no.. but you know that already, unless of course you don’t then I have zero idea why you’re even here in the first place.
I know my pocket bashers are keeping tabs on me, only a matter of time before they chime in with some dumb shit I’m sure.
Waiting for the verdict.. just like any other court case. Slap the ask, you’re not getting any shares otherwise.
Pretty easy to do when the float is only 132k tradable. I got my first sell in at $150.
Haha, glad to help. I would say yes, that would be a very bullish indicator
56.8% of the float is locked by insiders. Tradable float is 132k shares, not 305k.
You’ll never fill it lol
$100 PPS is only a 30.5m lawsuit win. More like $1000 PPS (305m) seems more likely than $100 imo.
No I’m not pumping. Do the simple napkin math, it ain’t hard to figure out.
$7 isn’t even the tip of the iceberg. For every 30.5m won in the lawsuit it equates to $100 PPS. With a potential billion + lawsuit we’re looking at $3278 PPS.
I can’t believe people are actually buying this still.. give your money to charity instead.
Doing some research on this it appears as if the offending company saw an increase in market cap of 24b from this product. Also given the fact dilution was needed to keep this company alive original shareholders won’t make any recovery unless the share price hits $1000 ($305m)
This takes no consideration for any other damages.
That said this should be the basis for a value applied to the lawsuit and we could potentially be looking at 9-10 digit payout here...
Well if the share structure is accurate on tda that would only take a 152-305m win. While I don’t know the details on this, considering the length of time this has been going on it doesn’t seem like that’s unreasonable.
Not that I’m aware of, I just want to know what amount they are suing for. Anyone got that info?
Hey man, gotta roll those dice sometimes you know? Reading about this it seems like the dice are loaded in this company’s favor, and time has run out for the offenders.
Totally plausible since pwc is in charge of handling that.
I misspoke, it’s the 20th
Got my lotto tickets for tomorrow
Court started at 9:30. Someone called and verified and posted it on YouTube.
And here I thought it was owned.. got the R AND D part right though, exactly why they didn’t need it.
If you have this question you don’t understand how s companies incorporation works. Just because they lowballed SARNIA doesn’t mean they didn’t pony up for INC. There’s 3 lots, you read the reports.. right?
Visolis is a company out of California. Visolis owns this with lcy’s checkbook paying for the deal. Like I said Visolis is going to be lcy/kkr lab rats. Visolis is just along for the ride.
Same exact thing happened with bioamber when it first started back in 2008/9 working with cargill.