Moatable Inc ADR (MTBLY)

[downthehatch]

There is only one uncertainty remaining here, and that is when the distribution to shareholders will be made.

The distribution is dependent on whether any appeal is made to the stipulated and agreed judgment, agreed to by all the parties to the action.

If no appeal is filed within thirty days of the June 9 hearing and entry of final judgment, the court will set a record date, and all shareholders as of that date will receive the distribution.

So the payout could come as soon as July or August of 2022.

If an appeal is filed, the case may drag on for another 8-10 months, depending on how quickly the Court of Appeals takes up the appeal.

So that uncertainty is holding the price down at this point. Anyone interested can monitor the docket, here: https://iapps.courts.state.ny.us/webcivil/FCASSearch
by entering the case number: 653594/2018.

Here's hoping no appeal is filed!!