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appie

02/07/18 2:00 PM

#50502 RE: nobody12378 #50501

that would be bad news also for GERS shareholders BTZO$$$$$$
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Dutch1

02/07/18 2:27 PM

#50503 RE: nobody12378 #50501

It would take them 100 days after an 8-k announcing that. So I don't think he will do that. a 100 day's might be too long.
I that case he would need to go to Peru ;-)
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ice_n_ak

02/07/18 10:06 PM

#50513 RE: nobody12378 #50501

Nice read, thanks for posting.

I don't think KK would go dark for one main reason. He owns the most shares, shares that could appreciate greatly in price if what most hope happens, happens.

Reading through the article you provided it did show that companies that go dark do so because they don't have the moneys to tender buying out the other shareholders. This would not be the case if KK gains from the legal mechanisms now underway.

It could be argued that if KK went dark then he would get it all, but with money comes legal battles and I'm thinking many, many, hands would be involved in a class action lawsuit if KK were to swim away with future royalty payments and a lump sum payment by leaving the general shareholder out in the cold.

Hard to sue or win a lawsuit against something that has no assets or money.

Also, since my take of KK is that he is very ambitious and full of a lot of ideas it is much easier to fleece the flock (future investors) with stock offerings and new hopes and dreams.

Look at Trump. He said he never went bankrupt but the companies he started sure did. In short KK could keep the golden egg (GERS, or btzo, or whatever) while spending other peoples money starting weird and bizarre companies knowing if they succeeded, great. If not, he's not out any coin.

But, in the 'for what it's worth dept.' Just my opinion.