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Absolutely not. I'm sure Fund has a target price in mind. It's going to reflect their percentage of the current valuation of Advisory and their lost share of revenues since this scrap began. I do agree with Liodog in they settle this completely, meaning Fund is dissolved thru a buy out, or it goes to the mat. That would leave a valuation in Fund's favour in the hands of the judge. Advisory has to weight the potential costs in both scenario's with their legal team and advisors. Either way, they are in a bad spot. Continuing to burn cash on silly challenges looking for a loop hole has proven to be costly and fruitless. Any agreed upon number will be inclusive of the legal costs also.
With all due respect big D, Advisory has to get Fund out of picture now. This has been a black eye for them and sour relations or questionable partners don't attract capital in the markets. Why would they wait till they are twice the size they are now only to increase any settlement then? Why go thru all the legal cost once again? This has to be settled and now once and for all in my humble view.
To leave a determination of settlement up to the judge is a dangerous game.
Wow...Imagine having to cover 20-30k shorts now?
For sale sign in the front yard....lol
Judge very well could be telling them to quit the BS and talk turkey. End of the day Fund has the best case and Advisory has to take them out completely to move on without this hanging over their heads. It's not positive PR for them and must be dealt with.
Nice little clean up on the Canadian side today. The spring is coiling a little tighter each day.
Liodog, can you possibly post L2 if you have access to it.
Thanks in advance. :)
And so it begins....This will roll out to many licensees and put LDS deep into positive revenues. I like it!!!!
I agree 100% with your assessment. The judge has to do his DD also and this is actually closing things out for Advisory in respect for wriggle room. Fund will happily comply and see this put to bed once and for all.
https://iapps.courts.state.ny.us/fbem/DocumentDisplayServlet?documentId=EzwrNX4EFvKmP1ASfYU/Aw==&system=prod
Todays documents as per the link today. It appears the judge is covering his bases and is seeking more sworn depositions. Reconvening in late September.
Wow talk about desperate. Fund not filing a rebuttal is fitting to say the least. I don't understand why they are so hot to trot for Webster's emails. If he sent something absolving the terms of the well documented agreement simply produce it. To which they have not. Either way, I don't see anything trumping the terms set within the terms of the capital call which is the crux of the case. I'm sure the judge knows this game only too well.
Can we confirm how many they actually sold off before the mandated reporting date? As time was obviously on their side they may have sold off their entire position for tax loss purposes. Not a hard call in my view and a prudent business move. Then buy the 40k as things are coming to a head, sooner than later. The fact they are still holding a decent amount of shares speaks for itself. 40k shares would be a very handsome payoff under the right conclusion here. They may very well make money doing both which is smart indeed.
Sticky added gladly. This stock is not for a impatient investor or momentum player. It's a different animal all together. Some have made careers and retirement dreams come true finding these potential explosive outcomes that have flown under the radar. In this case, the stock has been locked in a legal battle and has been dormant for several years due to the nature of the court systems. That said, its coming to a resolution soon I believe and I really like Fund's chances for a positive outcome. It takes as long as it takes.
Question - has anyone checked the short report for today by chance?
Chargers, I doubt it's Thomas. He does make money when his shares are borrowed for shorting however. For the record, he's in for the long haul and will see it to the end.
I think it's more the judge putting a end to the last minute repeated nonsense. Albeit, it's in Fund's favor thus far. Everyone of these decisions is making the world much smaller for Advisory. They are quickly running out of games to play.
I concur, it was in favor of a previous ruling in Funds favor that was being challenged.
From my point of view, it's the only reasonable conclusion once Fund wins the summary. It's no secret Galanis and associates are no angels in the financial markets. In fact, he has served a trading ban already for shady dealings. Advisory however, needed seed money to get started and were forced to make a deal with the devil as they say. That said, the rest of the story is the crux of the legal wrangling's. Advisory didn't meet the requirements of the capital call with a third party audited report required for milestone B. When they did, the payment was forwarded to them which was returned. Advisory has done extremely well and is well over 1 Billion on the trading books last I seen. It's imperative that they not be associated with Galanis going forward. Black clouds are not appreciated in the financial markets. Period. Galanis is the largest shareholder and it's my understanding he want this settled in a buyout also.
Yes,and then A/S held the cheque for a week in their possession before cooking up their sinister plan before returning it. It was nice to read in the latest docs how all the bullsh*t around Webster's emails was squashed like a bug. Hammon, time to listen to your legal council and write some numbers on the back of the napkin...your world is getting much smaller.
Solid clean up underway. As the asks get taken out and moved up, so does the bid. Time is running out for the Advisory games.
Just wait till after the judgment. There will be nada within dollars and the shorts will be shaking like a dog passing peach pits.......
Can you imagine a editorial in the Wall Street Journal after a positive summary judgement? The press loves to champion the little guy who triumphs.
Judgment day is fast approaching.....
Looks like games to me. A orchestrated dump trying to trigger a mass sell off. All for the sake of covering on the cheap. It failed in my view. The daily stock price is meaningless at this point. We know why we are here and what's at stake with a positive judgement awarded. We also knew it was going to be a long road to hoe as Advisory is fighting for mega millions and controlling interest in it's company. There was nothing of note in the recent court docs to suggest things have gone sour or any sort of determination. Yawn...wake me when it's party time.
Make sure they spell my name correctly on the cheque as it would be greatly appreciated.
Agreed, nothing more to say here. It's a waiting game, just that simple. If anyone needs their hand held by the "longs" they can sell and move on. Patience is the deal here, not
meaningless banter.
Now this is getting silly. I noticed some trading on Stock House so I confirmed with my BMO trading platform. It confirmed 1651 shares were traded today with a opening of .70 and a close of .61.
Funny thing is the market makers won't allow it to show here. I hope someone is sweating bullets over their inability to promote any further selling.
I view this as a very weak argument by Advisory. If Fund was in material breach of the contract as written they would simply say so. Perhaps they should produce the email they seek? It goes without saying, if they had it, it would have been submitted as evidence. Whether or not that nullifies the original contract is another matter. Fund is on record as sending the cheque once the terms of the capital call were met with. All the rest is window dressing in my opinion.
Agreed. Their whole argument is based on some Webster email absolving AS of the third party audited docs required to initiate milestone B. Which in layman's terms, was the capital call required to trigger the next required payment from Fund.
(1)-If AS has the email in their possession they should produce it however, I don't read where they do.
(2)-Unless the actual contract states the requirements of the capital call can be over ridden by a email, which AS hasn't mentioned, a contract must be complied with in it's entirety.
(3) AS has tried to turn this into a case of "he said, she said"
(4)When Fund demanded the third party audited docs be forwarded to meet the contractual requirements of the capital call, AS sent them. Why would they at that point if the were in possession of a email making this requirement redundant? Once Fund was in receipt of the required docs, the cheque was sent to AS. It's interesting to note AS held the cheque for a week before returning it to Fund.
In conclusion, legal hogwash doesn't trump a contract in good standing. Period.
They can sell it down to a dime for all I care. The story doesn't change does it? In it to win it comes to mind. Shorty does have a conundrum however, not enough sellers to cover. Sleep well shorty - stay thirsty my friends as our day is coming...
No one needs a excuse to make a dumb or impatient trade. Zip for shares in any event. Also nothing to do with the eventual court decision which is why we are holding. If this goes as its headed thus far, someone is not going to be pleased with themselves for selling now.
It sure appears AS is getting desperate. Having to resort to submitting crap after a known deadline speaks volumes. The courts must be just about done with this stalking and foolishness. If they actually had something to support their case it would have submitted a while back, within the allotted time frame. Time to pull the plug on this nonsense and make the obvious ruling.
Thank you for the analysis and feed back. Much appreciated. I agree with the previous statements in that this smacks of desperation by Advisory. Bodes well albeit its a short term delay as Advisory has run out of legal playing cards.
Nice,keen eyes buddy!! Give us the Cole's notes version once you have digested all the legalese...
Excellent, love to see it. I hope they borrow a lot more shares to short. Most holding here know the story and aren't holding for a buck or two. I'm betting on Fund winning the summary judgement as most are. Chances to make this kind of potential profit, with the odds in our favor I might add, don't come along very often. As I've said, see you at the finish line. I will ensure to bring a few crying towels for shorty as a halt will force him to cover at the settlement price and it's going to really hurt.
You will have to forgive him this one discretion. He's an Abbatis shareholder so he's had his brains beat in for so long he can't tell up from down.
A CEO won't be required. Advisory has outgrown Fund in all aspects. In short, they need Fund out of the picture so I expect a take out resulting in the retirement of Fund shares along with the company. The question still remains, at what valuation and when? I believe we shall know soon.
As slow as the legal system is, his retirement will probably speed up the proceedings. All of his existing cases may be reviewed and expedited if at all possible to clean them up. Watch the bids move up this week again as the weaker hands have had a few weeks to sell off their shares.
Agreed, my BMO platform shows 1.49 at the bell.
Them MM are slippery buggers...
Ummm. Make that a hat trick!! If anything this may serve to speed things up a tad.
It's the way it normally works. Especially in the US.
Good shot Chargers. Nice scoop!!