Yes. It is one of the more ironic "benefits" of the way the dispute with Daic has been structured as it has been...
Daic et al have long obstructed the effort to hold a proper shareholders meeting, which is required to change the authorized. A bit of timely oversight and communication from the SEC made sure they weren't going to succeed in any quick end-around maneuvers... so, it has never happened.
If there had been a meeting, shareholders obviously would have been likely to have voted enough new shares into existence to sell them and pay Daic off just to get rid of him. That should have happened over two years ago already. So, add that failed effort in holding a shareholders meeting, along with the Acacia deal, on the short list of things CLYW should have been able to do to excise the Daic et al tumor... that Daic et al prevented from happening.
Instead... the number of shares has remained fixed... and there is a growing likelihood, from here, that the number of shares outstanding will SHRINK... as CLYW's future legal challenges to the gross wrongs of the Daic et al team appear more and more likely to pile up an almost inevitable string of CLYW successes. Many of the shares out now might need to be returned... called back in... or canceled. That could prove to be a VERY LARGE fraction of the outstanding... maybe 30% or more.
There is a parallel potential now, too, that some volume in the shares that are being bought right now... are shares that need to be bought back by those who sold shares that share that risk... to guard against the risk of them being called or canceled when share prices are much higher than they are today.
I guess that means you might add some "enemies" to the list of the "friends and family" who were likely buyers today.
Another possibility exists, too, with a perhaps open ended risk of some unknown number of FTD shorts that might have accumulated over the years. Given some of the players involved along with Daic et al... I'd expect that there likely was a short interest tied to a price suppression scheme that was intended to help limit market "interest" in CLYW, to have it dwindle over time along with the share price.
Some here have heard me say it before: Price is not value.
I think that risk will mean that one of the things CLYW really WILL want to do at the point where that first becomes realistically possible... is to declare and pay a dividend. Nothing quite like the need to pay real cash out of pocket in a growing stream... to force any outstanding shorts to get covered.
JMHO
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AI
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