Even IF this is actually the lawsuit for the last $100k for the smart thermostat, and IF it’s paid in shares, it would not be from 20 days prior to the file date. Typically each trance is 50% from the last 7 trading days of the judgment date UNTIL the debt is settled. So IF these shares hit the market it would probably be under 30MM-50MM shares which is peanuts.
the more I look at this parking ticket of a lawsuit...
The more it looks like a comedy show compared to where this startup is heading valuation wise, it’s like giving a $100 parking ticket to a owner of a Rimac lol
Chances are more than likely that the lawsuit will be dismissed or successfully defended against in court anyways.
Supplemental Report February 14, 2018 Please review the following status report for SkyFidelity, Ind (SRMX) and TriCascade, Inc. • As of this morning Northbridge Financial has confirmed that they have sold the remaining shares allocated to them pursuant to the most recent 3a10 order. Therefore, Northbridge has been out of the market since February 7, 2018.