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Well that ended badly....
When did the news come out and in what form?
That was noted. That doesn’t mean that all case closings would be recorded that way? I was simply putting out an example that showed the court holding the case private with no need to disclose terms of a settlement.
Post arbitration labeled settled private and sealed then presented to the judge would simply appear in court docs as settled with prejudice. Case would be closed with no further action to be taken. Why do some here feel that more verbiage would enter the court transcripts if the case was settled thru closed door arbitration and was not heard by the bench. Terms held in private would remain so until certain stipulations are met between the parties involved. Shareholders briefing would come soon in the form of an 8k would be my guess.
True....however, a special dividend and/or value created by a huge settlement with regards to an entry to the balance sheet can create incremental value to the company and shares of that company. Clearly there are extenuating costs to legal action such as this and a settlement disbursement. Back pay, legal fees, personal and financial liabilities and compensations, extenuating and inordinate fees accumulated over a decade of this action. Many things to consider before the shareholders see their fair share even it’s created thru company valuation and increase in share price. But certainly shareholders can expect to see some sort of indirect or residual value if a major dollar amount is settled as a result of this suit. Time will tell.
That can be true, but legal fees can also be part of the award to the winning party, as a cost incurred to pursue an injustice. Legal fees can be significant and are many times awarded. Sometimes this is declared in the suit well before the case is heard. I had a similar case in a corporate default whereby all legal fees were part of the settlement as the fault for court action and costs pertaining fell on the defendant. So it can go both ways.
Agreed. Legalese is what it is. That’s why this has become speculative and has lead to variable interpretation. Risk/reward is in play.
Again, forecasts from CEO’s at conference calls offer similar interpretations. It’s a play on words. “Settled” will mean different things to different people. It’ll be what it’ll be until we know for certain. I’m fine with that, as are many that have held forever. Sooner or later someone will be right. Apparently November will offer the opportunity for those that are right to known.
Would they tho? Would the stipulation be recorded in the open court transcripts or would case settled suffice?
Don’t leave out that I stated speculation and if.....
We won’t know until we know, and until then, the demand on the shares could create price improvement. That’s the simple side of this.
I bought a bottle so they made at least $30.
I’ve got a couple hundred shares left in hopes that you’re right.
At this point we’re on the craps table with no table limit. I’m all in on the yo. Might as well see if the dice are nice and we get our number. Could be a once in a lifetime score or we could crap out. Let the frenzy continue. After all this, what’s a few more weeks of anticipation....
It was epic... could SECI be equally as epic? Time will tell.
If, and clearly this is a big if, the October 21st verbiage in the court transcript meant that the parties were participating in out of court, private, closed door mediation, and at that time, terms of a settlement were reached, which were then brought to the bench on the 27th in open court, and the judge at that time reviewed the settlement and deemed the case settled with prejudice, then this will indeed will get silly. Terms could and would very likely remain private until an 8k was filed. Mediation settlements happen all the time and remain undisclosed to protect both parties for a variety of reasons. So there’s that.
There’s a lot to unpack here. Interpretation is creating multiple scenarios of speculation. For me, if the stock currently has buyers, clearly the SP will continue to go up until the details of the settlement come to light. If royalties are part of the settlement, then the valuation of SECI will be sustainable regardless if there is a special dividend awarded to shareholders even after cash is dispersed. Many possibilities.
My last thought has to do with the liquidity of Dutro. If indeed an award was part of this settled case, how liquid is Dutro? Royalties and a percentage of paid forward revenues are a means of collecting on arrearages, but to be able to garner a large cash settlement from a company the size of Dutro seems unlikely. Again, this is all speculation based on a positive interpretation of the court docs and the word settled with mediation taking place on the 21st.
Good luck to all.
You want to see and OTC short share allotment short squeeze, take a look at DGAZ when they were winding down the ETN after it was delisted. Perfect example of a share shortage squeeze. Ran from $200 to $20,000 in two weeks. So, crazy shit does happen in weird situations such as this. If indeed a high dollar award settlement is legitimate then look out above once it becomes public. Certainly this will be fun to watch.
If there is a demand for shares, you can sell them. I sold a fraction of mine for $50 on Friday. I’m sure MM’s aren’t participating. If there is further demand based on what people believe, then the price will go up and I’ll sell more for a higher price. That’s all I’m saying.
I’m not saying there is a revelation in the court docs. At some point there will be clarification.
Looking more and more legitimate on these moves and volume. My level 2 on this won’t display. Only security that isn’t visible on level 2 for clear reasons....out of order buys and sells so it can’t validate. Clearly there is action here for the first time in forever. Good luck boyz. I took my cost basis out at $50 and am holding 250 for the big score.
I get it. Clarification is clearly needed. Assumptions are being made. Simply trying to remain logical given the defendant and payout capabilities.
It would have been nice to see verbiage in the court doc that stated parties have reached an undisclosed settlement, thereby this case is dismissed. Even offering some terms or dates. Idk, I guess like in any mediation, all details can remain sealed until certain stipulations are met. Trying to interpret and read between the lines on this one is challenging.
It’s hard to determine from the doc if the word settled/settlement is simply stating the parties have decided to move on. Again, not trying to play contrarian here, just considering cashing out my cost basis and letting the rest ride into perpetuity.
Where is there proof that 10 billion was offered as a settlement?
Thanks for the info. Integrity and being honorable to shareholders will clearly be displayed in the upcoming months if Pericles is a man of his word. This will indeed be a fun watch.
I own shares and I’m not trying to play devil’s advocate or be offensive, but I am trying to understand the possible terms of a settlement.
How can we be sure that any payout/windfall settlement will be awarded to shareholders and not simply put into the coffers of the corporation and dispersed to the top brass via back pay, personal and financial damages, legal fees and compensations etc. Clearly a substantial settlement would offer trickle down value to shareholders, but it would seem the majority would be gobbled up by the upper management and legal fees/compensation. Just trying to understand the potential here.
Yet bitcoin continues to rally. Shows you where the real future value lives. PM’s lost their luster.
Now how about immediate government funding/grant to expedite this trial....
Massive potential
Alert: data released. COVI-AMG nasal administered antibody stops the progression of Covid-19 in hamster trial.
Cheers. The blind sheep can’t see thru the trees.
GLTY my man!!
The market can see the future. No one is trying to tank anything. It’s the precursor to the expected election outcome.
Yeah. I was kidding in jest. He apparently looks at this as a 12-18 month hold, so I wouldn’t expect much of a pump from him anytime soon. He doesn’t have that many followers and his connection to the stock/company is unknown, so I’m not sure why the stock reacted after he posted his videos.
I suppose now it’s all about execution, production, fundamentals, and proper valuation based on future sales and growth. Being an OTC listed security, makes that all less transparent.
On paper, their product makes sense if it can become the rebar of the future. If the company is well managed, the stock should at some point go bananas. Big ifs.
He’s on the beach in Aruba livin it up.
Years ago, early stage efficacy did offer hope for a variety of modalities, but it appears ampakines will never make it to market. I lost a small fortune in this company. I could be wrong but can’t see how the pipeline survives. For the sake of other investors here, I hope I’m wrong. GLTY.
I’m not sure. I was going to mention that it seems to have dissolved or has gone into limbo until it can be further funded? Again, lack of follow thru, communication, and execution. The RD indication seemed viable, but again, compound end of life is an issue. I doubt they have investors to further the pipeline. There is no value left in the stock so ....?
I’ve been following this company for 20 years. When the fda shot down their show pony CX-717, the management team was disassembled and new brass came in to try save and advance the amapkines pipeline, to no avail tho. Since then, patents on in-trial compounds had end of life concerns and new ampakines compounds were left to die on the shelf. Recently appointed management has shelved a billion shares and been issuing themselves shares ever since. They’re squeezing the last bit of blood out of this rotten turnip.
Spot on. This is now a fleece vehicle.
Good stuff. The volatility is maddening. Best of luck to us hanging on to this hope, not to mention the immediate humanitarian need for the science.
Looking forward to it...hopefully sooner than later.
AZOVA lab processed kit, result within 24-48hrs. So yeah it’s not an immediate onsite result, but that stuff is hitting the market and we are lagging.
Costco now selling covid pcr saliva test kits for $140 usd. Looking more and more like Sorrento is missing the revenue stream boat.
Just venting. No different than offering exuberance when the stock is running.
Right. That should make the conversion far easier than a typical spac to market. I guess I’ll give it another week and see where we’re at. He has a winner, why not get it trading while the space is hot.
Between this, psth, spaq, Luckin, and my weed stocks, I’m sitting on the edge of my chair on a daily basis.
Glty
Agreed. I’m in for just under 10k shares at a higher price point than we sit today. No reason to not be disappointed in the lack of communication and steady decline in the sp. Kicking the timeline down the road shows a lack of diligence. You don’t have to be short to state the obvious.
Yeah, his do as I say, not I as I do mentality sucks. He’s asking local, state, and federal governments to do everything they can to save or benefit his restaurants, yet he can’t offer the same consideration to his investors during this price slide and provide any progress or update to the merger. Thought we had a winner here as the space/sector is hot.
Sliding back to issue on zero communication. Terrible Tillman terrible.
Didn’t you say this was a $100 stock a few weeks ago?
This is heading to issue if Tillman doesn’t get his head out of Bubba Gump’s ass and put out a pr or timeline. Let’s go bruh