Theres the potential for at least 3 lawsuits in the near future, including the one they tried to hide from us... BRVO is done imo. All of the forces working in their favor have now turned against them. These various groups smell blood in the water, including the Quilliams...
Rocketstocks Friday, 05/27/16 12:30:57 PM
Re: None
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9097
of 9274 Go
I obviously dont have all the details, but it might be in the Quilliams best interest to go to court now, with the other lawsuit on the table. Their shares are worth millions.
It probably also makes it easier for the Media promoters to go to court (if they have to) for their shares... 14,500,000 shares is worth $725,000 at .05 and per the 10K, its FULLY guaranteed at signing.
All 3 parties could squeeze them financially and force them to hand over the shares, or seek a financier willing to fund a bunch of lawsuits. Which isn't likely, unless its another ugly convertible deal that protects the financier from a decline.
Lawsuits are common in the biz world, but it can be painful for shareholders when you are small. Executives can become consumed by them along with the available resources, resulting in a failing company. Dont forget what a lawsuit did to SFMI. They could have settled with Earl for much less than a total collapse of the company.
All of these failing deals and poor decisions is a serious concern... This $15,000,000 valuation + tons of shares becoming free trading, makes it a significant risk imo.
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