InvestorsHub Logo

CansoSpaceMan

02/12/15 11:53 AM

#5926 RE: buffettmunger #5925

Go read the court docs, maybe its 30%, there is nothing concrete at all here. Maybe they have a loop hole in the deal where they get nothing. Do you actually take investment advice from anonymous posters on a bullboard? It sounds like some guys have been here a long time and know every tiny detail but they still could be wrong. Seriously buddy you are on the wrong board and in the wrong stock it sounds like. You should not even consider buying 1 share unless you know you could wake up and find this back at 20 cents. It doesn't sound like Advisory wants FUND on their team so you are starting to get me scared now too. I picked the wrong month to quit smoking pot lol.

TRUMPSTER!

02/12/15 3:08 PM

#5940 RE: buffettmunger #5925

Here's a more detailed outline of what's at stake regarding outcome and stakes. This is all IMO of course. Please review filings and stickies to get a better idea what's at stake and other opinions on board.

Fund has the upper hand and I would say their chance of winning is very substantial. If they lose, their interest in AS will be reduced from 68% to 32.35% and AS will then have the option to buy that remaining stock for .2125/sh or $406,512, which is essentially nothing. This is a fact. The outcome of the motions for summary, which each party has filed will likely decide the case. The only way the motions will not be determinative is if the court rules that neither side wins their motion, but I can assure you that the facts are not contested, making the case ripe for a decision on the motions. If the fndm's motion is granted, AS's motion will be denied and judgment will be issued in favor of fndm, meaning that AS will be required to turn over to fndm the shares representing 68% of the stock. At that point, AS will likely appeal since so much is at stake, unless AS tries to settle for a nominal amount, knowing fndm will not settle for more than a nominal amount. On appeal, if AS files one, they will lose. Then Jason will decide whether to let AS's assets under management build up further or sell the company. I truly believe that both sides are now working on a resolution before a summary judgement or trial is set.