Now LMO is trying to save the U.S. market system. This guy is nuts.! Send this latest example of his dementia to the Judge!
Lmo has been told repeatedly that the distribution under the APA would have been in violation of U.S. law. That is a fact.
In any event, the spinoff ratio under the Settlement Agreement will be 9.2:1 or better as compared to the APA which was 10:1. Now let me see--what deal is better for us?
LMO simply cannot get it through his thick head that in order to punish B&B in the lawsuit beyond what has been negotiated will mean years of basically fruitless litigation and will therefore fly in the face of his own mantra that "shareholders must receive their CDEX shares". The SA specifically states that gov't agencies may continue to seek whatever remedies and punishment they may have or desire against B&B.
Make no mistake, if LMO's declared future actions take place, he will be the one and only one who is delaying the distribution and hurting Loch shareholders.
Lmo justifies his actions as righteous, yet reiterates that he can be bought off. One could argue that his continued living off the tit of the U.S. Government is an injustice or that his receiving monetary and emotional support from market makers who wreak havoc on the U.S. market system and screw people day in and day out, is an injustice.
And he has the temerity to expound "justice for all". Why does our latest hurdle have to appear in the form of a Loch shareholder? Why do we we have to be subjected to this diseased mind? Just an example of our continuing bad luck.
Rest assured, his actions will not go unpunished.