Monday is an important day.
To say the least. We have so much potential to be a great company and near term, it's going to be in the hands of a Texas judge. If he rules against Navidea, investors will run for the exits and beambe's prediction of .75 may very well come true. In the Ohio document, it states in part that "without intervention from the Texas court such predatory and bad faith actions will likely preclude the sale to Cardinal as any sale of this magnitude requires the assets to be free from all liens."
THAT is how important this ruling is. This whole deal with Cardinal could fall apart and NAVB will be forced to try to get it appealed over the next few months. Stock price will plummet.
This is not fair and it's not right. NAVB is just trying to pay back its loan but CRG wants more than that - they don't want to just have their loan repaid, they want to run them out of business. No company in their right mind should ever deal with CRG ever again. They are a corrupt, greedy entity who wants blood. The judge should laugh them out of the court but I am not sure what the terms of agreement were and what the letter of the loan stated. It's up to him.
The judge SHOULD side with NAVB but we are unsure and that is why the stock took a hit and many investors bailed. I think if he rules for NAVB, everything moves forward. The loan finally gets paid and the company moves on to clearer skies and the stock rebounds over 1.20 near term and 1.50 in the next month or two. If the ruling is favorable, many people will come back.
But make no mistake, Monday's ruling plays a huge part in NAVB's future. If you can, keep some powder dry in case we get that favorable ruling and get in as fast as you can!
Your thoughts, Beambe??
