Back in mid August the hype of the soupq stock was that that a 750 million dollar hedge fund with arguably 51 percent of the common stock was going to do a hostile takeover. To me that was a big turn off as far as a long term investment. Since the pps was so dirt cheap and had stayed steady for a while I decided to throw a decent chunk of change at it in hopes to make 20 or 30 percent if someone was able to pump that as good news. I had no idea that days later that they were going to be challenged on there position percentage and send the pps to upwards of .065 for a hod where I sold to give me a nearly a 700 percent return on my investment. That was pure luck and I admit that. Had that not happened and that takeover had gone through before someone could pump it a bit I honestly believe that I could have lost my investment to one of the scenarios that I am arguing against now.
The asset purchase agreement was what got my attention as far as a long term investment. It made me look at Wealth Colony, their stock position, and their intentions in a whole different light. When I looked at soupq as a short term quick money maker I thought of WC as a big bully with a lot of money to use and enough shares as a weapon to come in and snatch up everything Soupman had for next to nothing leaving the company and shareholders with nothing and them with an established brand to profit from. Had Karson not challenged them I don't believe there is anyone here long or short that doesn't believe that that wasn't exactly what would have happened here.
WC's intentions are simple and no different than ours. That is to hopefully profit from their investment in Soupman Inc. The other and IMO most important thing we have in common with WC is our position in the soupq stock. Karson may have saved us from WC but at the same time he saved us from himself. The company's assets were up for sale to the highest bidder and that sale is the only thing he was trying to protect. Not the company and more importantly, not us. We were set to be screwed either way. Then came the judge in the case with 6 very important words as far as I'm concerned. "In the best interest of shareholders". Those words mean so much to me because of who the largest shareholder we know of is and that's Wealth Colony.
Now the reason I am comfortable with my investment is because I quit looking at WC as a big bad hedge fund with a bunch of money that swooped in and bought Soupman in order to keep a legacy alive and their products on the store shelves and started looking at them as the biggest shareholder with enough money to swoop in and protect our investment.
Good night, God bless, and good luck to all. Go soupq
