BC. Most people believe Stephanie Davidson & William Lynch have effectively put that silly IPO nonsense on hold for the forseeable future with their frivolous lawsuit,,,
Official Court Documents are a standing joke for me.
Remember Charles Mansion. His team submitted official court docs stating he was inocent,,, 45 years ago,,, he's still in jail
Scott Petterson, His team also submitted official court docs proclaiming he was inocent,,, he's still on death row
Never-the-less let's go ahead & talk about it. You wrote,,,
"A) It specifically speaks to an IPO, not a reverse merger. This by itself does not mean an IPO is the intent. Companies change strategy all the time. But I feel certain any Neomite iHubbers would be interested in avoiding a reenactment of Neom therefore, clarity of this item is important."
Sure does. It specifically speaks to an IPO. As you pointed out. They had to beef up the value of the suit. They were not hired to work on an IPO. They claim they were. No, they were not up to the task of simply doing their jobs & whined about it. Then they were fired & after Stephanie begged for her job back, the 2 of them said if you don't give us $2M we're going to ruin your chances of going public. If he were doing an IPO he might have paid them just to go away. It works. It happens more often than people think. That's what they were hoping for. Bottom line. He didn't pay the extortion.
Imagine that. Dr Patrick Soon Shiong must not have them in the loop. So far as this court crap goes they are the only ones who've said "IPO".
"B) A reverse merger or IPO prior to resolving this matter could potentially reduce the value of the process. Therefore, the suit could act to delay the intended transaction since Dr Soon would wish to maximize value."
IPO, Yes, It would crush an IPO.
Reverse Merger? NO! He's already raised HUGE funds for NANTHEALTH via private placements. Check the Form Ds. Big Money is knocking each other over trying to get in. Dr Patrick Soon Shiong owns KEYO & he owns all of his NANTs
This frivolous lawsuit can't touch a Reverse Merger. He's going to raise a mint anyway The beauty of the RM is Dr Patrick Soon Shiong doesn't have to waist a lot of time & energy messing with underwriters, bankers & institutional investors with this BS lawsuit in the works. That's what kills the IPO.
"Can you please offer up your view of the suit, including any particulars you feel may negate the claims made."
BC,,, I hope the lawsuit lasts a long time & get messy. That plays into my favor. Reverse Merger all the way to the bank.
Hope this helps
AI
