Saturday, October 05, 2013 2:24:27 PM
I'm sure the deal includes the right of specific performance. In other words, if one party tries to sabotage a deal but the other party meets their obligations the deal can be closed by force.
My gut tells me that John Scott (if that's even him, I doubt it) signed the agreement and then because of advancements in the marketing of his products by Cal Bay became greedy and was trying to figure out a way to back out. Clearly CBYI has helped Camber, they (Bo Linton) got them the testing with Hyundai. This is why Bo did the video and it's on his channel.
John Scott's activities could be deemed as an attempt to sabotage the deal by a court and grant CBYI the rights to the patents etc as included in the deal. If this is the case CBYI can easily tie up his patents in court for the remaining 4 years left based on the deal and market them while fighting. John Scott could wind up with nothing if it goes this route meanwhile CBYI can build a brand, something John Scott clearly has been incapable of doing for over 10 years.
Apple and Samsung have been doing this for years with smartphones. John Scott has no idea what he's up against, if that is even him. Think about it, he saw BMW and Hyundai, he saw $$$ and tried to be greedy.
People may say well he can cancel at anytime. Not necessarily the case. The company states they have until January 2014 to close and fulfill obligations. Look up specific performance.
It is possible for people to profit on a declining stock price. Do your DD before acting on a post.
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