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There was a 100k share bid at .90 the first half hour. Someone was fishing for sleepers. Too bad shorty, you came up short...lol
Someone need a case of beer? Embarrassing weak move. Lol
Someone need a case of beer? Embarrassing weak move. Lol
Ben Klein has this case featured on his website.
This will be another trophy for his high profile show case.
Is this the same Elmer that was banned from Pinnacle??
Rumor has him stalking and making silly threats...
I would think the price they are seeking is several times that. Where they settle is anyone's guess. No doubt AS needs Fund out of the picture completely for many reasons we know about.
Fund will argue they are seeking their seed capital, lost revenue, both past and present and their share of the valuation of AS of which they own 60%. AS is making money and there is real value in Fund's percentage. You can add the legal costs in the mix also.
Another week passes, another week closer to judgment day...
Stay thirsty my friends!!!
Liodog, I'm sure most are still here. Personally, I have been busy flipping thru travel flyers trying to decide on the doozy vacation I'm gonna take after the settlement. Patience; it's coming and you have your ticket to the show....
Liodog, I also have the same understanding. If the big holders put them up for actual sale, it forces the broker or financial institution to make the shares available in case a sale transpires. This means shorty gets a call to cover.
Your welcome...It was relevant and well written.
If I see merit I use it. One must know their limitations. lol
I also agree on the Klein involvement. He didn't build his reputation taking losing bets.
Liodog, my reference was to the short sales whom must be getting very concerned at this point...
Clearly someone is working OT to hide things....The last trade was done in plenty of time to display. As MOM eluded, a down tick is immediate. I love it!!!
Something to ponder while we wait...
95% of US Civil cases end in settlement after both parties have analyzed the strengths and weaknesses of their cases, Many US Judges get hands on in the settlement process ... other use court-based or outside mediators, most play a good cop/bad cop/high ball/low ball routine to get the parties to see and settle for a middle ground number ...
Recent Trades - All 3 today
Time ET Ex Price Change Volume
14:25:26 Q 1.75 0.56 441
12:55:34 Q 1.75 0.56 67
12:55:32 Q 1.20 0.01 100
Agreed Liodog, very strange indeed...
Once the contracts and licences are rolling folks will wish they grabbed shares at this price.
A small flicker of light today.....
The word will be out soon enough.
I wouldn't be surprised to see this wrapped up quickly. What we didn't see was a public doc on the court registry announcing another continuance of court proceedings. Glad I got my tickets to the show.....
Liodog, can you please share another L2 snapshot. The bigger volume going thru is probably shorty covering as this is a indicator the jig is up. Raise those asks boys if you feel the need to sell.
20M is too low for a 4 year protected nasty battle to loom. I see it higher in all honesty. The courts are mindful these are active trading stocks and don't want to influence trading prior to a mutually agreed upon news release. I see this sealed document as a positive step towards a conclusion and settlement.
Goes without any further explanation they need FNDM out of the way. Not partial ownership, a final solution that allows them to focus on their business. Protracted legal battles are not a positive for a financial services company.
Split the difference at 67.5M Either way, 15M is chunk change. That may cover the bar tab after. Lol
Liodog, not knocking ya bro...I just wanted to point out we have a seasoned veteran in the ring fighting for us. The more I dug up on Klein the better I felt.
Liodog, if you dug a little further you would see this is exactly the type of case win that has made the reputation you have suggested. They were hired for that very reason.....
From my point of view;
Both parties have signed off on settlement discussions-to be clear this was not mandatory.
The Judge plays a big part in trying to resolving the dispute. He may elect to talk and / or advise either party separately or together.
He has had to have done his homework as well. Meaning, seeking third party review of valuations being fought over. Todays worth of Advisory's business and Funds contested 60 percent of it. Valuation of past 4 years earnings and potential future earnings as well.
I still content Advisory needs to get Fund completely out of the picture for a multitude of reasons. First and foremost would be the risk of giving up controlling interest in Advisory's business and the associated comfy jobs at risk.
All in my humble opinion of course.....
Molybucks Monday, 07/13/15 06:46:33 PM
Re: None
Post # of 6888
The purpose of a settlement conference spell out in clear language as per attached.
http://www.cand.uscourts.gov/settleconf
If both parties agree to a stay in court proceedings it's game on. That's the signal they are in discussions until its either resolved or back in court if their too far apart. Gonna get real interesting now...Of course, it may be happening in the back ground already and we could possibly see a fast closure with the Judge playing his part in the settlement conference.
I'm pleasantly amused by the hysteria of some and the over exuberance of others here. Anyone investing in a stock based on the boards you read deserve to be handed their a$$. Unfortunately, it happens everyday and will continue. I try to focus on the facts as I know them and what I can gather by talking to sources I feel comfortable trusting. Works most of the time but there are no guarantees in this game as any seasoned trader has learned the hard way. Some of my thoughts below, take them as my opinion only.
1)- If FNDM didn't think they had a good legal case why spend years and millions in legal costs going thru the fight?
2)- I have had family legal experience read thru all the affidavits and they feel FNDM has a solid chance of a positive outcome. Nothing guaranteed thru the courts just to be straight up here, but they have a solid case.
3)- In respect to Thomas, he funded his current firm with a similar win. And in his own words, made a embarrassing large amount of money. His MBA in Mathematics from Columbia speaks for itself. He's far smarter than I am.
4)- I can assure you the Judge will not make a ruling based on board chatter. He probably doesn't even know this thread exists. It has no credence in his world or judicial duties.
5)- Everyone has a risk tolerance level and a comfort zone. I for one have been holding for 4 years plus and will see it thru to the end. I didn't endure it this long to walk when things are obviously coming to a head.
Good luck to everyone holding shares. We will know more very soon. If there is a stay in court proceedings, I for one will be doing a happy dance.
justincase1 - have to cover...or your facing a huge negative judgement by the courts.
New ID today and first post on IHUB.
Did someone call in the clowns?
Put up or shut up in the am as suggested by Chargers.
Excellent post and spot on. Advisory can't risk Fund getting majority control. It could cost comfy jobs and taint the apple cart. The bottom line-Advisory need to dissolve Fund thru a buy out and get them completely out of the picture.
Go your best lick shorty. I expected this and more in a attempt to get people to dump their positions. It's too close to the finish line for many to contemplate that now. Sleep well...
Nice work Liodog! Keep them coming bro.
Things are coming to a head fellas. Remember the settlement meeting was called for by the judge and it's not mandatory...
I don't think they settle anything that fast. I feel the key is a announcement calling for a temporary halt to court proceedings. In short, it's a time out while they negotiate a agreement.
Thanks buddy. My month free subscription has long expired.
You will soon be handsomely rewarded for both your patience and help here. :)
Can anyone see and post L2?
Thanks in advance, much appreciated
The low hanging fruit is eaten up after a day and a half. Onward and upward we go...
The purpose of a settlement conference spell out in clear language as per attached.
http://www.cand.uscourts.gov/settleconf
https://www.law.cornell.edu/rules/frcp/rule_16
Shareholders will be interested in the first 5 bullet points in schedule (a), on the attached link.
Simple answer- no one. it's all about the optics.
MM playing usual games with ask at .85 despite the rising bid. They are trying to keep it in check...To cover a runner would be a beatch.