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Wednesday, October 06, 2021 10:37:41 AM
- Savov might meddle by spreading rumors with the partners.
- ENZC wouldn't want to tempt Savov to sell the disputed shares by posting news that'd bring the price higher.
- Savov's defense (did he even appoint defense?) might be able to use PRs somehow in court, for example to convince the court there's no legitimate urgency for an injunction.
If this is the case, there's probably some good news in the pipeline, but we'd be left in the dark until ENZC takes care of its legal. There was a hearing last week and it didn't go well - the judge denied ENZC's request for a Temporary Restraining Order and raised additional questions of jurisdiction - so now we're waiting for another development on the 10th. (I don't remember where this date comes from or what the development might be.)
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I wish the company would acknowledge the legal shenanigans and give shareholders a reassurance PR, but even that could influence Savov in some way if it confirms they're strategically withholding news. If all this speculation is true it puts ENZC in a position of weakness - IMO they need to find a way to sever their Bulgarian ties so no outsiders can wield this much control. Setbacks are part of the journey so it's important that the company be transparent & not sugarcoat them.
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