Notis Global Inc. (fka NGBL)

[CGardener]

I think those are solid ballpark estimates.

I'm sure they're currently being funded by the D&O insurance (if they were smart enough to buy it) and indemnification claims. As you note, the D&O goes out the window once you get into the criminal and fraud quicksand. The conundrum for the company is whether/when to cut off the indemnification and dare them to try to sue for it. Any reimbursement undertaking from Vinny and Brucie is likely not worth the paper it's written on.

The post-Vinny directors have to wondering what the hell they've gotten themselves into.

Interesting litigation scenario: given the company's cash woes and Vinny's and Brucie's significant stock sales, is this a case where they have deeper pockets than the company?