Monday, November 21, 2022 10:47:51 AM
The warrants were owned by FORW. George lent FORW $2 million to exercise them. He will now be paid back.
But I am now beginning to think there really wasn’t any real conflict between GS and HMBL. It was handled too easily and with GS getting literally everything covered and then some. The warrants were suppose to be an “at risk” investment…NOT a loan.
If they were not bought and exercised at risk then there are accounting and legal issues around how it was handled. So it is possible that the conflict was contrived to pay it back as a “settlement” under court approval to cover up the fact it was a loan.
That would be using the Court not unlike what is done in a 3(a)10 scam.
But I am now beginning to think there really wasn’t any real conflict between GS and HMBL. It was handled too easily and with GS getting literally everything covered and then some. The warrants were suppose to be an “at risk” investment…NOT a loan.
If they were not bought and exercised at risk then there are accounting and legal issues around how it was handled. So it is possible that the conflict was contrived to pay it back as a “settlement” under court approval to cover up the fact it was a loan.
That would be using the Court not unlike what is done in a 3(a)10 scam.
"Harsh reality is always better than false hope"
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