Moatable Inc ADR (MTBLY)

[Smooth_Legend]

You’re right, settlement announcement must be imminent.

Per latest Order of Attachment in the amount of $560M, that will be granted by the judge with IMHO 99,9% of probability in a matter of days, there’s no way he’ll go along with it and risk putting aside (freeze “his” assets including shares of SoFi) $560M with a real possibility that the trial outcome may (very likely) bring even bigger payments to plaintiffs.

Not filing 10K also most likely due settlement plans. Not plausible that they would choose to hurt the company by unlisting etc. as it would make things much more worse for them, strengthen the case against them and maybe include or add RenRen board of directors as defendants or witnesses.

“the sum of $560,000,000.00 in principal, including interest, fees and costs; and it is further
ORDERED that the assets that may be levied upon pursuant to this Order include, without limitation, the full portfolio of any and all investments, securities, or other property transferred from Renren Inc. to OPI, Renren Lianhe, and/or Renren SF (including, but not limited to, all remaining shares in Social Finance, Inc. and any shares or stock resulting from the merger of Social Finance, Inc. and Social Capital Hedosophia Holdings V Corp.) and the proceeds thereof; and it is further
ORDERED that the assets to be secured additionally include any proceeds from the sale of any and all investment assets transferred from Renren to OPI, Renren Lianhe, and/or Renren SF, including the $65,400,053 in cash currently held in the Ping An Bank account ending in 32005 referenced in Paragraph 7 of the Affirmation of Steven Wang [NYSCEF No. 506], which shall be
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delivered to the Sheriff within ten (10) business days of this Order or may be deposited with an escrow agent within New York State that is agreed upon by the parties;”

https://iapps.courts.state.ny.us/nyscef/ViewDocument?docIndex=HobUQNOJMqyK7PjPtEMkPA==

Plaintiffs please include shares of SoFi in this settlement and use Chen’s valuation when calculating value :)