Tuesday, October 11, 2022 3:42:16 PM
As long as the settlement includes canceling all preferred shares, I don't see any reason why it is worse than not settling. Once they reach a settlement, Sharp can say "here is the share structure" and it won't change.
It wasn't really claims coming out the woodwork, Sharp tried to cancel shares and it was contested. Seems straight forward that had he not canceled them, there would be no appeal or ongoing headaches. If the private company doesn't care about the OS, Sharp could have just accepted the counter (instead of lowering his offer) and moved on to the merger.
First I offered Calasse 10 million shares with a caveat that I negotiate down--not up
— George Sharp - Advocate for truth in the OTC (@GeorgeASharp) April 28, 2022
When his lawyer countered with 25 million, I offered 8 million
When the Motion for Reconsideration was filed, I offered one million
Now he has nothing but a bunch of bad advice and legal bills
This tweet was posted on 4/28, almost six months ago. Maybe Sharp really thought that was the end of things, but with how sue happy he is I'm shocked he wouldn't expect a lengthy appeal.
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