Tuesday, August 25, 2020 12:55:28 PM
So I've had the opportunity to read the 6 page document provided to the court by Redhawk's attorneys in support of their request to stay the writ of execution handed down by the court. And there's actually some good news in there for longs, that I'll post and explain below:
At this point the company and Schreiber are fighting over the interest imposed on Redhawk by the lower court judge and Schreiber's court costs, which means that if Redhawk wins its appeal it will not pay Schreiber another dime. If it loses the $119K may not require much or any new dilution. So contrary to the narrative of doom and gloom Schreiber has repeatedly presented of the company in his arguments before the court this matter is close to a final resolution. Leaving the company and us investors to benefit from soon to be filed record profits.
At this point the company and Schreiber are fighting over the interest imposed on Redhawk by the lower court judge and Schreiber's court costs, which means that if Redhawk wins its appeal it will not pay Schreiber another dime. If it loses the $119K may not require much or any new dilution. So contrary to the narrative of doom and gloom Schreiber has repeatedly presented of the company in his arguments before the court this matter is close to a final resolution. Leaving the company and us investors to benefit from soon to be filed record profits.
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