OK, so you were "in-the-wrong for saying" "He and Menon have rights to the drugs".
That's right...they don't.
There's no real existing basis for this premise, is there?
"If CTIX files for bankruptcy and goes private or dissolves...."
In saying "It's my opinion that Leo/Menon will be rewarded with or without CTIX staying in business" you seem to be suggesting that they don't really feel compelled to assure the success of the business. Which seems a strange suggestion given that at last count and in rough numbers they hold almost $50 million in Class A common without considering option exercises and debt conversions, the value of which relies on a viable company. Maybe they would rather liquidate the IP and that net book value of $38,000 in Fixed Assets on the Balance Sheet, but I wouldn't.
"The beneficiary of those patents would be the creditors first, then the largest shareholders. Leo and Menon would have the upper hand since they're the largest shareholders, founders, developers and so on..."
The positions of "Founders, developers and so on" have no meaning in a bankruptcy. (FWIW, I didn't bring that word up and reject any attachment to it.)
The two Officers are the company's largest creditors to the tune of maybe 90% of the company's liabilities based on the debt due to Kard, debt due to Ehrlich and payroll due to both of them. That's a ballpark $7 million in liabilities that would have to be covered before any shareholders (officers and present company) would have any access to asset value.
"Leo also has a compensated contract for rescuing the business."
Please explain "a compensated contract". It's an odd phrase.
"Not sure of the details, but it was in the filing."
I've seen the filings. I've never seen any reference to a "compensated contract for rescuing the business".
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