ADIA is both a probiotics business and Homeland Forensics.
If Bill Hodson abandons and dissolves the probiotics business, depriving the shareholders of any value and trying to prop up LiveWire with the probiotics assets and opportunities instead of operating ADIA for the benefit of its shareholders, then he will be sued personally for doing so.
Salvaging investor rights and the assets and opportunities of the cybersecurity, social media and forensics business from the self-destruction of Bill and Shelly will be less expensive later than it is right now. Prior to taking legal action it must become clear what the situation is and how the legal action will result in a recovery or a remedy. That is not clear at this time, and it would be truly ridiculous to spend hundreds of thousands of dollars pursuing that clarity the hard way.
There most certainly is litigation hanging over Bill's head. Presumably that litigation is of little concern to him compared to the potential criminal prosecution he is facing if he was conspiring with Weed and if that conspiracy has already caused the harm it appears to have caused to the LVVV investors.
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