Sunday, June 16, 2024 2:41:35 AM
Suing to terminate SAGA seems counterproductive to GLD's collecting the other half, but the fact that GLD was willing to put up non-refundable money to bring a suit to shut SAGA down is what surprised me. Then, they even wrote the trial schedule for the judge, stretching it out to late 2025. If the judge didn't dictate that schedule, there's something very strange about GLD's motivations. Now SAGA is hit with a $2 million legal fee lawsuit, which most likely relates to fees for the failed Saudi deal, which was started and ended while GLD was the SAGA Sponsor. Related to GLD motivations?? JMHO.
https://www.courtlistener.com/docket/67985445/gld-partners-lp-v-sagaliam-acquisition-corp/
Item number 24:
Re the cash: SAGA had only $19 but claimed BGEN's and VIRO's cash after the alleged BCA, while ENZC claimed that cash in the 3Q (9/30/23) report. That could be part of the issues between CCC and Harry.
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