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Thursday, December 29, 2016 4:27:36 PM
The deal they made with Hudson Bay was based on their close banking relationship with
Based on public filing they received $2.4 mil which would have carried them for years and the convertible notes had floors above the market that were set to expire after the first scheduled Markman.
It was only when the Markman was postponed due to the Bulger trial that Hudson started to short and sell into the market that The board unwound that deal. The delays in this case had nothing to due with Worlds tactics rather the courts scheduling and challenges by ATVI.
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