Moatable Inc ADR (MTBLY)

[downthehatch]

People ignoring a big windfall on the way here.

The derivative lawsuit WILL settle, IMO.

Why?

3 reasons:
1. It's delaying and complicating Chamath's SPAC deal (IPOE) to take SoFi public.
2. If Joseph Chen wants to be on the board of the public SoFi, he needs the derivative lawsuit gone.
3. Because Chen owns about 26% of RENN, a settlement really only costs him 75% (at most) of the settlement amount, since he collects the funds in one hand that he's paying out in the other.

A settlement solves a LOT of problems for Joe Chen and SoFi.