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Re: Pyrrhonian post# 61291

Wednesday, 05/11/2016 7:35:35 PM

Wednesday, May 11, 2016 7:35:35 PM

Post# of 714847
This is a very stupid theory, first and foremost because NWBO doesn't have any of Woodford's money they could possibly pay him back. I guess he could sue their insurers but I don't think insurance covers and pays for fraud liability and I'm guessing that fraud is the only theory that would get NW a judgement for return of his investment.

Pyr you have no evidence that NW has any intention of suing but you think he does and as usual that's enough for you to jump into it and believe it wholeheartedly. Or at least to play the game of claiming to believe it as a bluff in the MB game of 'lets see how stupid they are on the MB'.

The only way NW avoids losing most of his investment is if NWBO succeeds and the stock comes back. His suing NWBO would just make him look much more publically stupid and further damage his investment. I can't imagine he had the slightest clue about what effect his SEC filing would have on his investment, thought I suppose there are possible scenarios where it wasn't the stupidest thing in the world for him to do despite the fact that it ended up trashing the value of his own asset. But he knows now that if he goes public with any beef with LP it's just going to further damage his asset.

His case in court would have to rest on painting himself as naive fool who didn't read any of AF's hit pieces or the other well known pre-existing allegations, and didn't do DD. At his level it's absolutely buyer beware unless there is clear fraud a la cooking the books like at Enron. What's the case against LP - that she cooked the books to inflate earnings? Hahaha. Her dealings with Cognate were very well documented so even if they benefited Cognate unfairly, NW can't claim he didn't know and didn't have any chance to ask questions or that he asked but Linda fooled him. I can't believe you, Pyr are dumb enough to think he has a case he could possibly win in court. Really, for a guy who sometimes comes across as intelligent I wonder how you can possibly have such incredibly dumb ideas as this one. But then you know nothing about law or corporate governance, do you?
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