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Wednesday, May 17, 2023 11:34:28 AM
If there is anyone out here that is truly (and understandably) perplexed at how the court systems work, I would suggest that you spend an hour with a good ligation attorney and ask a lot of questions.
Given the courts recent order.. In my mind (With all of the cliches attached - Looking in the mirror - Before God...etc...etc) there are very few ways this gets resolved sooner than later.
As some know, I am married to the legal profession by proxy of my wife. I have a scenario that I bounced off of my main guy (40 years/former senior partner) and these were my thoughts and questioned put forth to him.
Me asking/theorizing:
By the time this get resolved, the shares Calasse is suing over could well be worthless.....If Calasse were to give this a few months and really let the PPS tank as this stagnates in the court system, what would prevent him from purchasing just shy of 3% of the O.S. (to avoid reporting it) for under a 100K and then ending the appeal (witch would cause this to run like hell = nice return)... On a larger scale, What would prevent him from doing this with multiple parties in unison (ie -He funds multiple parties to do as I just mentioned).
My guys answers:
Nothing... Calasse could even address the court personally (not through his council) and for for 200.00 and change snuff the appeal.... And, It is extremely doubtful that ANY entity would step in and investigate/cry foul.
However, Calasse's attorneys most likely took this on contingency and could royally sue his ass for abruptly doing so as they would be basically getting stiffed (sue his ass -based on the shares he secured and/or the sum of his returns).
Do I think Calasse would do this given the opportunity?... Absolutely.
Do I think he CAN do this?.... I dont know as I have no idea what he is made of financially.
To those that think that my theory above is a bit far fetched, I understand. ..all I can say is that I was raised by a post-depression era gangster and it is mild per the schemes I had been party to by the age of 11 (Ha... My Grandad always joked that I learned to read @ 5 yo. via the Daily Racing Form).
In my opinion, whats even crazier than my theory above, is the one where Mr. Sharp is doing the same tactic - dragging this out to buy cheap shares in his own company.
.....To that I say nonsense, I just don't believe that George Sharp is that kind of man.
The only other way this gets resolved sooner than later:
Sharp settles in spite of the potion he has always held
It is $WNFT's position that it will not reward Calasse for his fraudulent stewardship of the company
What I do know is this, I'm here for the long haul. I believe that this will most likely play out in the industry standard fashion through the court system.... Ive bought...and then Ive bought some more... and I will buy more if this hits my next PPS target.
....Although, I'm kinda rooting for the aforementioned theory of mine though as "More Money Now" is always best in my book.
This guy walks up to me at the horse track... As I placed my bet he scoffed at my pick. ....Then offered to by my ticket for half price..
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