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Sunday, September 05, 2021 1:26:25 AM
I would hope with Charles C on the team, ENZC has taken precautions to protect itself from ever being in the same situation as IMMB BG regarding Harry and the exclusive licensing of ITV-1, and that ENZC did its DD regarding Harry so he isn't able to pull a fast one if he be like that.
Harry looks pretty embedded in ENZC as well so he stands to profit by leaving the current arrangement with ENZC intact long term. He could sell the patent but that might not even impact ENZC's operations re: ITV-1 at that time, since presumably there's already momentum and why would a buyer want to start over. Business as usual?
Savov could have a claim (or think he has a claim) to an ITV-1 exclusive license, or perhaps an ITV-1 exclusive license in Bulgaria only, but who knows because there are potentially legalities in multiple countries involved. (We aren't privy to those details for now.)
I worked for a company once that was actively being impersonated by another company in another country, down to the name and logo. Both companies kept right on providing the same services in their respective countries though they were well aware of each other as mortal enemies. Weird stuff happens sometimes. :)
At any rate, I imagine ENZC's audit is hung up on this legal matter and won't get finished until the court case wraps up. Auditors need to know for sure who controls what shares. But if ENZC wins the lawsuit (or the parties settle out of court), watch out! Case closes, audit drops, we get official confirmation of the ITV-1 exclusive rights transferal transaction from the audit, ticker goes pink current, and any contingent partnerships that got cold feet over the legal tangle might jump back in shortly after.
This ticker might be a ride until then, depending on how long it all takes.
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