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Alias Born | 12/16/2021 |
Thursday, December 16, 2021 9:40:14 PM
Bragg gaming has been sued in the USA.
Public link is below. It's the filed legal brief that makes it seem pretty clear that the Spin sale to Bragg may never complete.
https://drive.google.com/file/d/1h-eUdtSn8e4Ew4p7yUORj3ug8PRFoexV/view
Clearly someone at Bragg's legal, compliance and securities team failed to do their due diligence. How do you miss a public lawsuit unless you deliberately buried it??? Did Spin get paid the $30 million yet? Something is very very wrong here.
Like the McDonald's CEO who just had his $105 million clawed back today for his fraud and failure to disclose material facts, this is going to be just as ugly and maybe worse. Could bankrupt the entire company based on their current stock spiral.
Did ANYONE see any disclosures or risk factors announcing this Motion for Injunctive Relief any of the SEDAR or SEC filings?
Looks like a shareholder lawsuit is in the forecast.
Looking at the dates ... it is incredibly fishy that Richard Carter, CEO resigns on November 16, 2021, without notice, without explanation 7 days after he issues this glowing quarterly report saying Bragg was on top of the world, and just 6 days before this injunctive relief is filed November 22, 2021 that looks like it is likely to prevail and stop the Spin sale.
Bragg stock is down nearly 80% since February. What does Richard Carter know that the public does not? The founders of Bragg and all their related entities just sued for racketeering, torts, defamation and more in the Nevada case. Eyes wide shut here.
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