Monday, March 06, 2017 8:39:45 PM
1. In answer to a question floating around the board, I did some quick looking up on Mr. Fife a few months ago and remember him - yes, based in Chicago - to have a strong academic background and a penchant towards philanthropic activities.
2. In answer to your question as to whether there is a basis for hope in regard to a better deal for shareholders, the odds seem very stacked against it. The Magnavape suit perhaps has a 50/50 shot at a good verdict, and then maybe less than a 50/50 shot at collectability of such a good outcome. The question of who owns the VHUB-shell after everything has been sold/distributed is a fascinating question, one to which I don't have the answer - but don't bet the farm on the final shareholders being the owners. The chance of collecting judgments against the Directors and Officers liability insurance of VHUB and/or the errors and omissions insurance policy of the CPA firm are both very iffy - and probably lots of years down the road, unfortunately.
3. Would PLY on its own volition up the deal that's on the table to .011 per share, the closing price on December 30 just before word came out about the parties exploring an asset purchase transaction? That might kick out damages from the lawsuit picture, as there is no inherent right for a transaction to yield more than the price of the stock pre-announcement.
Again, the best I can do is to wish you good luck.
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