Monday, May 15, 2023 10:06:52 AM
I don't think it puts to rest that he lied, it just gives him an excuse. Kind of like how FORW bought warrants for $200k in July and then in March the warrants were unilaterally canceled by FORW because of some acquisition that never happened. WNFT never received the $200k they were entitled to, and you can't unilaterally cancel the agreement 8 months later. The FORW "acquisition" is a convenient excuse for breaching the contract that never existed, but it's all lies.
I think, if anything, Sharp is giving ammunition for a breach of fiduciary duty case against himself. If he was CEO of only WNFT, he wouldn't have allowed FORW to breach the contract. But since he's CEO of FORW and WNFT, he engineered it that way. If the merger candidate would have been lucrative for WNFT, he breached his duty by not pursuing it even if it required a settlement.
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