Lawsuit was filed against Cemp today. Temporary CEO gave himself 1.8 million dollar golden parachute if deal goes through.
8 mil penalty if deal doesn’t go through, unheard of with a private company merge like this.
Add the 8 mil and they could have wasted 12 million plus if this gets torpedoed, which it should
Assuming the Soli is worthless, which it is not, this should be worth 7 dollars just on cash, tax loss and being a public entity.
If they have a funding source for Soli that makes this even more bizarre.