It was said in February that the 5 Stooges were looking to take back $50 million due to the "crimes against humanity" that the PP lenders supposedly committed.
The fact is that they got back, $8 million, IF the $2.8 million portion of the debt was included in the settlement, and more like $5 million if that portion was not included.
Even in the world of pinks sheets, where the bar is set lower then low, the 5 Stooges have netted at best $8 million, when they were claiming the "evidence" warranted $50 million. I understand settling for a bit less in a negotiation situation, but sorry, $5-8 million is nowhere near $50! This is almost as ridiculous as the CEO's "final victory lap" comment, followed by crashing into bankruptcy. Want to throw dirt at the CEO? Well then, take the other hand and throw some at the 5 Stooges too!
As I said, take ANY debt situation, even WITHOUT claims of criminal activity. Any debtor with half a mind would be able to get a 10% discount on their debt in a negotiation if they pledge to pay up quickly, yet that's around what the Stooges got even with all this "criminal evidence"!!
This, yet again, shows why referring to them as the 5 Stooges is very appropriate! The company was more effective as a business than the Stooges were at getting their claimed $50 million back! 2 Million in legal fees, and all this "evidence" resulted in a settlement that could have been gotten without all this drama from the Stooges!
