People don't/didn't understand what chapter 11 means. It's very very different from chapter 7.
The company needed funds. Novium tied their hands. Anyone who knows about chapter 11 knows that this was the right move.
No real investor would have bought into a company knowing that martin " the owner" did not have control of his company. The Swiss did on paper. Hence the reason for the a/s. That would have A. Make it so that the Swiss did not own the percentage of the company that they previously owed. Which would put control back in his hands. B. Left shares so another investor could be compensated with the correct amount of shares and know that not another investment company in in charge.
Not mention if the company was a loser does anyone think that the attorneys that took this case would have accepted the terms of being compensated with shares only??(Not one red cent was given to them in cash)The lawyers get ALL info before they accept the case. You cannot omit anything. Has anyone else done their research on the lawyer this guy is no joke. This isn't some guy that just got out of law school. He is the type of guy they refer to when teaching in law school.
This whole thing was perfectly planned and executed. Hat off to martin and the team!!!
Cudos to us longs who saw through all the smoke and mirrors!!
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