Losing a couple hundred thousand dollars vs have to pay nefarious "penalties" L2 were claiming, on top of the amount of shares they wanted is a win.
What I find interesting is that the court appears to have determined that L2 condition's on its contract with Quantum were "designed to put an end to Quantum with very little if anything at all actually lost by the Plaintiffs."
This, coupled with the fact that L2 would not allow QMC to pursue other lenders put QMC in a precarious position. Granted, this is at the fault of QMC for agreeing with the deal, but I cannot fully blame Squires for doing all he can to keep the company afloat.
Reading the entire court doc puts things in a better perspective. QMC came out on the better end here.
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