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Thursday, November 05, 2020 11:14:45 AM
From my perspective.....the 10Q did not give us any info we did not know about already. It did confirm that there was indeed a settlement (while some were pushing the narrative that it was the Judge who took it upon herself to end the case, or dismiss it). My immediate thoughts are that plaintiffs do not "settle" for $0 in a court case (especially after 11 years) in fact, plaintiffs settle to avoid walking away with nothing. Plaintiffs do not go through the trouble of filing a motion to classify documents as private (settlement agreement) for a $0 settlement....and they do not agree to a dismissal with prejudice with a zero settlement, essentually agreeing to never take the case back to court again. Those notions are ridiculous. Keep in mind, the settlement may not be billions.....but it may be better than you think. Pericle's legal counsel advised him to make a settlement offer due to his lack of resources, financially, to go on with multiple trials. The other side did'nt know anything about that. We as shareholders are finding out after the fact (post settlement). All defendants knew at the time of litigation is that Pericle's had battled them in court for 11 years, and I am sure they wanted it to be done and over also. This 10Q was for the period ended Sept 30, 2020. Any settlement would not be reflected in this filing. While the company was allowed to disclose that they settled, they could not disclose settlement terms. We now wait for a future update or filing to find out what Sector 10 has in store for shareholders, such as a distribution. I do find it odd that a expert market, caveat emptor stock is updating it's share structure every day on OTC markets.
100% agreed! Holding tight! $SECI
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