Worldwide NFT Inc (WNFT)

[FEARANDGREED]

I was referencing a max amount that could/can be purchased without having to report the sale...Its actually 5% i believe, but I made some typos via auto-spell/correct.

Would buying 3% of the float causes the share price to go up?

My point was that Calasse has to be wondering if the shares he is suing for are going to wind up being totally worthless by the time this gets resolved. Thus (in my mind) it would make sense for him to lay back and wait for this to totally implode, scoop up as many shares as possible at a discount, and then pull/cancel the appeal. Personally, I don't think he will win this appeal, so the above mentioned formula makes sense and Im sure it has crossed Calasse's mind.


It made enough sense in my mind to bounce it off of legal council...
Besides Calasse dealing/settling with his own legal council (and/or getting sued if he tried to stiff them) there isn't much consequence for him in the aftermath of my above mentioned scenario.

So to answer your question...

Would buying 3% of the float causes the share price to go up?

the answer is no, not the way Calasse (or anyone for that matter) would do it as they would be buying/accumulating on the decline (per the time this could potentially take to resolve).

The money would be made on the rescinding of the appeal once the shares were accumulated by him ( via the obvious run that would follow). In essence, using the court system to destroy the PPS for personal gain.

Does Calasse have the resources for this?... I have no idea.

He REALLY should have taken Mr Sharps initial offer (10 million shares i believe) but his attorney at the time advised him against it.