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Alias Born | 12/31/2014 |
Tuesday, September 25, 2018 8:12:25 AM
My thoughts on a couple of things, even though we have beaten these dead horses to a pulp..
The lawsuits are nothing but a scare tactic by the shorts. The first lawsuit literally came out 20 minutes after the Citron short attack a few weeks ago. Andrew Left of Citron even said something to the extent of "his uncle needed the work". It was coordinated. The rest are just ambulance chasers piling on.
Here is the point : I dont think the lawyers for the lawsuits have any intention of trying to win these cases. The lawsuits themselves are a tool by the shorts to keep the price down. These tools are effective and apparently working as of late. Thats how they make their money. Think about it.. if you were Andrew Left and Citron, and had the means, would you not do the same thing?
I have done a lot of reading on the lawsuits and am convinced there is no merit, and even if by some miracle they become certified, they will be tossed out. Dont take my word for it, do your own homework and you will see for yourself.
But the casual investor that stumbles across CVSI sees there are 5 or 6 lawsuits and gets freaked out, then runs away. I doubt many will bother to look at the actual lawsuit and see what I see. Thats the only purpose of the lawsuits, to keep out new money.. and the price down for the shorts.
As for Nasdaq, I am convinced CVSI will be accepted. Lately, all the other companies that have applied have taken longer than normal as well so this is not necessarily a bad sign. We meet the criteria and are answering all questions. The company knew what they were getting in to when they applied, and were ready. Patience will be rewarded.
A fool and his money is a friend indeed.
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