Hey, since I'm thinking about all this nonsense, a thought occurred to me. The recent 8-k by HDC referenced Quirk's decision to drop the Quirk/Bear complaint against HDC, although Cindy Bear didn't drop the complaint. Does anyone else find this interesting?
As we know, Bear owns about 1.3 million shares, and Quirk owns about 13 million (based on the initial complaint filing). Yet, Bear hasn't dropped the complaint. That's confusing, to say the least, since she doesn't have any where NEAR the opportunity that Quirk has with a positive outcome on the complaint.
Further, I saw that Ms Bear sent a note to select shareholders that she was essentially 'busy with other things and won't be easily reached', but would otherwise stay focused on the issues at hand.
Are you kidding me?
Think about it. Quirk is tied with Vennwest who is tied to Kowbel and they are tied with Bear. Once the Vennwest suit was filed, Quirk bailed on the personal complaint (since he didn't need it anymore) but Bear sat idle. The problem here is that if Quirk truly left Bear out to dry, Bear could sue the 'you know what' out of Quirk if things were to go bad.
In other words, this is an interesting scheme to keep the pressure on HDC, while diluting funds. I really don't think they've left Bear out to dry, does anyone else? It's a well thought out approach.
As I've personally informed HDC leadership, they did this to themselves.
What a disaster all around.
