Agreed. Based on dates of correspondences, I don't believe the timeline of the back and forth between SOUP and GBI regarding the hostile takeover attempt is as the bears say it is.
Bears are saying (1) GBI attempted hostile takeover, (2) failed, (3) THEN decided to buy SOUP in bankruptcy, and are stuck with 120 million worthless shares.
I believe a more accurate timeline is (1) GBI attempted hostile takeover, (2) takeover did not go into effect fast enough to prevent SOUP from auctioning off company, (3) GBI wins the auction for SOUP, (4) GBI writes letter to SOUP stating they will not pursue takeover attempt anymore, because they won the auction and got what they wanted, IMO.
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