My personal opinion is that a hedgefund and a law office got 2 suckers to put their name on the "class action" lawsuit so they could harm the company. Coincidentally Hindenburg was also involved and recently closed up when they were potentially tied to both of the above. The Judge ruled that there was no cause of action. I personally believe there is still no cause of action.
As for Sharp, I believe that he expects this to be thrown out again and that shortly after, Sharp will sue for prosecutorial misconduct. Should be fun. I don't think this case has anything to do with GVSI, WNFT or SRNW being abandoned. All three have major problems... one will never get FINRA approval for anything - meaning it is dead in the water. One of them, the former CEO is holding the company hostage because he sees that Sharp could make him rich beyond imagination. That one, in my opinion was a done deal until a lawsuit by the former CEO. I think Sharp is sticking it to that former CEO and letting it wither because he can. The former CEO was offered a substantial amount to go away and wouldn't so he gets nothing. The third one... I can't remember the details at all. I made some money on one of them, lost some on another... never really spent time looking at the third. I am fine with Sharp's decisions. I likely would have done the same. I will say that had he read my posts, I warned people about the first one - that the stock would not become reporting - ever. He would have saved a ton of money. Still a bit curious about the one he is still holding. Sharp has a ego - that is undeniable. I have a feeling that he will make that one work if, for no other reason, to keep his good name.
Oh, and you can't attach Sharp with HMBL's decline. Sharp very specifically told Foote what not to do and Foote did it anyway. Sharp quit. Then the two agreed to work it out, only to quit again when Foote made another major blunder against Sharp's suggestions. Happens, especially with a new public CEO.
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