Cheers Heidi,
I received your PM. I am also in receipt of information regarding a particular lawsuit filed by two of Dr Soon's employees. This suit is highly relevant IMO, although I do not feel it would necessarily impact the ability of Dr Soon to take the company public (sell the company, yes; take it public, I am not so certain it poses a problem).
The limitation of the suit as I tend to view matters, is two-fold:
A) It specifically speaks to an IPO, not a reverse merger. This by itself does not mean an IPO is the intent. Companies change strategy all the time. But I feel certain any Neomite iHubbers would be interested in avoiding a reenactment of Neom ;-) therefore, clarity of this item is important.
B) A reverse merger or IPO prior to resolving this matter could potentially reduce the value of the process. Therefore, the suit could act to delay the intended transaction since Dr Soon would wish to maximize value.
Can you please offer up your view of the suit, including any particulars you feel may negate the claims made.
Best,
BC
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