A poster on Yahoo alerted shareholders that the Bear case is closed, thereby leaving just the Vennwest case open. Here is the post:
Bear case closed.
Per filing 4/6/2021 in the Superior Court of Fulton County.
Order granting motion for involuntary dismissal with prejudice.
Final order and judgement in favor of defendants.
I would assume HDC won't inform shareholders, based on the rationale that it isn't overly important, yet it obviously had to cost the company some seriously needed cash, given the company's financial condition. Further, as we all know, the suit was initially filed with Quirk, who moved on to the Vennwest suit, which HDC has signified is essentially the same argument (and same attorneys) all over again. So why wouldn't HDC share this with us? Perhaps because it wasn't dismissed based on the merits of the arguments? Or because HDC is deliberately refusing to raise the issues that continue to be of concern to so many shareholders?
I guess it all doesn't really mean anything because, at the end of the day, even though HDC has continued to convey to shareholders that it has intended to monetize the IP, the reality is that this all rests with one issue: the Intel suit. If we get a settlement or win, it goes away (unless Quirk isn't happy about the amount). If we lose, or the judge dismisses the suit, all hell breaks loose with this team that threw all its eggs in one basket and had the audacity to convey that it represented shareholders.
I guess we can all rest easy knowing that the current team is going to bed each night praying that the law firm is successful. After all, there is nothing else left to hope for. And, it's sort of funny, that given the circumstances, we should actually want the team to get rich off it at our expense, since the rest of us lose everything unless they do.
