Sunday, May 05, 2024 10:39:43 AM
The point is that they needed to refile and show sales by PHUN just seconds after the spoof. That was easy as they were selling via an ATM so shares were sold continually.
If the Judge here agrees with that decision, then NWBO could be forced to refile to show alleged spoofs within seconds of the close on pricing days. That might be difficult.
The 2 courts are presently in disagreement though, so far from clear what happens next. Still think discovery is most likely. The key point would be after that with the motions for summary judgement. Next year.
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