Because last year they did rebranding and a RS. Now they did another public offering on top of that. They have pissed off shareholders from before. So they are trying to control the narrative. Their S1 is filled with all the fluffy unicorns about what they intend to do with the money, etc. So now that the Offering is closed, and you have taken position of the Chicago EV network (from JNS)… now they come out with some good news about expanding their footprint in Chicago at all these key charger locations. Rah-rah. It make perfect sense what Blink is doing.
What does NOT make sense to me is how:
JNS could sign an agreement to settle the lawsuit (conditional based on Blink offering closing).
The Offering could close which locks in the purchase agreement.
JNS gets 141,176 BLNK shares.
JNS gets $50,000 cash.
JNS sells (as part of the asset purchase agreement) the entire EV network (company assets) to Blink
Blink announces -- Over 110 Deployed Electric Vehicle Charging Stations Purchased from JNS Power & Control Systems Will Expand Blink’s Presence in the Greater Chicago
…and Brian has STILL not informed JNSH shareholders of anything, at any point in this process, or did his own rah-rah to shareholders about how this benefits the company in the long run.
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