Huge red flag for me on both yesterday's and today's update. W mentioned yesterday he had not received notice of a lawsuit. That comment scared me. Today's comment scared me even more and I quote:
"I want to state unequivocally that the Company HAS NOT received a notice of any litigation nor notification of any investigation from any regulatory body, however these comments were made by an officer of a company that had contracted with Guard Dog, therefore we are respecting the merging company’s request for additional time to look into the issue."
W again emphasizes that GRDO has not received notice of litigation. That statement causes me concern that he does not even have lawyers in this. I've been involved in enough complex litigation to know that just filing a lawsuit should take several months. I would think his attorneys would have told him something to that effect.
I would also think that the attorneys for the merging company would know this as well. NOBODY will know that a lawsuit has been filed until it's filed. Litigation could take several years. If the attorneys for the merging company had already done their DD, they would be aware of all of the contracts involved and would not be scared away by a facebook comment and a CC where DM stated he bought more GRDO shares and that the purpose for the call was to get people to stop calling him.
The whole thing just smells of more hot air to me. OBVIOUSLY THIS IS JUST MY INTERPRETATION OF WHAT IT ALL COULD MEAN TO ME.
I hope people do well with this stock, I really do. I'd love to see the poster named "Eliot" make his money back. I'd like to get back in and try to make some money. I sold a million shares yesterday, and if I believe things look positive I'll buy a million more. I just ask that people due their homework on the complexities of W making a statement that he has not received notice of any litigation.
I truly hope the longs here come out smelling like a rose in Aruba.