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Friday, October 30, 2020 10:48:18 AM
This is an international lawsuit where the defendant in located in another country. After reading about these types of lawsuits, there are several forms of notifying the defendant that the judge in this case required and, to make sure the international requirements were properly completed, the judge would have stipulated the documentation he requires to ensure the plaintiff followed his instructions to the letter. That’s were complete documentation would be needed to prove compliance.
I believe this is what is going on at this time to ensure there are no grounds for appeal. Airtight case. It is obvious all shareholders wanted to see the big ‘LAWSUIT WON’ announcement immediately after the 60 day notification letter was sent out (7/31) and received by defendant’s representative (8/6 at 8 pm). This notice and receipt was filed on pacermonitor at the end of August. What about the other form(s) of notification and documentation?
Whoever has been selling these last few weeks did not understand this process and panicked or ran out of patience. This decision has pissed off the remaining shareholders that were waiting to see a strong run from the .01 range... and I am one of those shareholders! The volume has not been huge so removing the lost .01 price range should not be hard to do once the ‘LAWSUIT WON’ news is able to be released.
Hang in there... at this low price, that is our best option, imo. The company has everything to gain by completing the court’s requirements to win the lawsuit and collect the funds.
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