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Right. I am sure the message to F&F is "Just sit tight. No one promised you a quick windfall payday."
Some of these shares may have been acquired for F&F by the actual insiders using the insiders own funds, something like "I am going to buy these shares for you, Bobby. They will be in your name but I will manage them for you." Some of those owners may not even know that they own the stock, or what restricted stock is.
I really doubt that the F&F are hounding management to get the restriction lifted.
I doubt it.
I think they are restricted simply because management does not want to deal with those shares being sold to "the great unwashed" in the open market. I am sure the original conversation went like this "Here's an opportunity for you to buy into what we are doing at a very low price. There will be NO liquidity until we think we are ready, so don't ask.". Additionally, having a block of restricted shares with F&F helps provide a "voting block" if/as needed for corporate actions.
The shares have been restricted, and have stayed restricted, for a LONG time. That is totally inconsistent with your thesis that they are "still restricted due to a SPECIFIC material event".
You are correct - it should not take a lot of effort to state the company's financials in accordance with FASB rules.
They have value, but they are not liquid. If there was a buyout (NOT a prediction!), the C shares would get a piece of the pie.
Ok. Baggity Eyes it is
Well, yeah. While we no longer have two sets of clowns dueling for control, we do have one set of them in control.
The company has to do a filing to lift the restriction on the whole class of shares. Then, generally, each holder of the (formerly) restricted shares has to work through their broker and the TA to covert their restricted shares to freely tradable common stock (fees involved).
Indirectly if anything imho. Not a significant driver or discussion point for MVNT.
I see no reason to do anything related to MVNT with any urgency.
I think you are grasping at straws.
I believe that MVNT's future and timing of any news are entirely independent of the election cycle.
I would expect the silence to be equally deafening after November 5.
Big selloff on LGHL with high volume today. Is there some news? I don't see any.
Lots of posts, very little real content.
I have a call into the company and I will post if I find out anything.
What happened in court last Friday? Since the company has not put out a PR, you must be relying on some other channel for your info. TIA
Has anyone received the dividend that was payable on 9/22? I have not seen it in my Schwab account, and I have confirmed I was a (small) shareholder of record on 3/15. When I contacted Schwab the guy said there is no record in their system of ASNB paying a dividend.
That is a good problem to have.
Seriously, this time of year I always start building a list of tax sale candidates that might be good buys in late December if they crash further. This year it is a very long list - I will need to be very selective.
Not crying. Just observing that KRTL and I have different standards for what is "disruptive".
It also is setting up like a great tax sale candidate (like most everything else I own...).
Well, I still hold some WNFT and am prepared to wait it out. However, I expect things to take well into next year to resolve.
It sure was a dud. Their 3-way collaboration sounds to me like a college pot party.
Could be they are just dropping the Canadian listing to become exclusively US listed?
I believe that is a precondition for an uplist to NASDAQ and therefore I suspect this is a good thing.
More bravado and delays. Still no results.
We don't need signals, we need deals.
Dragging things out seems to be Calasse's entire motivation here. The longer things take to resolve in court the more Calasse has hurt Sharp.
I dug around after my post to you and I found this post on this board (dated 7/18/22)
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=169432301&txt2find=sesn
The author states that the Roche payment would be (up to?) $30M, or about .15 per share, if Roche initiates a Phase 3 trial on EBI-031 by the end of 2026. Assuming the share structure has not changed since then (?) that would imply a CVR value of up to .15, would which then need to be discounted in two ways - the payment is not certain and might not occur until 27 months from now.
I have not personally validated those numbers.
Do you have any feel for the value of the CVRs that SESN holders will get in addition to the share swap?
You got that right. A lot of this sounds better as Twiiter posturing than it does under the microscope of what actually makes it into an8K filed with the SEWC<
His departure was rather abrupt.
In this context I would assume EM would mean "Expert Market".
In other words, by failing to file financials MVNT would be at risk of being delisted from the otc at some point.
Thanks for the update. That makes sense. Unfortunately, there is no reason for Calasse to back off immediately - certainly there is no reason to do so until Sharp actually files his suit. Until then it is just threats.
My take is that Calasse will delay as long as he can. I have always thought that a lot of his motivation here might be "I don't really expect to win but by extending the legal process I can make it impossible for GS to do the deal he wants and therefore he loses too.
Imho neither pone of them gives a rat's ass about the rest of the people who hold shares in WNFT.
A short would probably attribute it to "amateur hour" at the beginning of the trading day and would not be worried about it at all.
Yes - up about 5% on low volume.
There is no date, and there is no source for "in process" status or information. It is a black box.
If Schrodinger's Cat were in this black box, it could have lived and died all of its nine lives and no one would know.
The Children of Israel eventually did get to the promised land, but they wandered around in the desert for 40 years before they got there...
It appears that Walbert was there only to (help) secure EU approval, and, with this accomplished, he is moving on. The fact that the resignation happened the same day as the EU approval, and that it was effective immediately, supports this thesis.
In general, directors' compensation is not tied to specific milestones, though it is possible.
There may also have been a "gentleman's agreement" to the effect of "help us get through EU approval" and then we'll go our separate ways.
The PR issued by ILUS on 9-9-22 was both specific and ambitious.
I am going to check back on 10/1 to see which of those predicted announcements actually were made in September and re-evaluate IOLUS based on how much of what they predicted actually became reality.
We all help the board in different ways. You are providing us, second-hand, the insights from you lawyer neighbor. I can't do that.
However, when it comes to snide comments from the peanut gallery, I'm all over it!
Yes - your biggest mistake was using "courts" and "speedy" in the same paragraph.
Question is with whom and about what...
It IS bad news. Things are more tangled up than we had previously hoped for. Even if Sharp wins across the board it is going to take TIME.