Wednesday, November 17, 2021 11:08:36 AM
I don't doubt this...I was giving them until this last 10-Q to update their risk factors and other provisions of their disclosures that cannot be accurate today if they are in possession of TLD, not to mention what they know about manufacturing and various regulatory issues. I still might make the complaint.
With the warrant holders being permitted to exercise their shares slowly over the course of the last year while they are "in the money," LP and LG are looking at jail time if TLD isn't good enough to support the share price...because they will have known that this would be the case since last fall when they changed course all of a sudden. That actually gives me some comfort, since I don't think they want to go to jail, and they have to know how bad the optics are of allowing warrant holders to cash in (and provide financing for the company) while they know that the trial results aren't going to support regulatory approval, or even if they might not support regulatory approval. Are they unethical, yes? As attorneys, they have to know that their current disclosures are not in compliance with SEC rules and regulations. Are they criminals? That remains to be seen.
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