If EMA wins, it will be an uphill battle for the Rotman’s. Here’s why:
1) They may be forced to pay $4,226,187 in damages (plus interest and legal fees).
2) They will be forced to issue EMA roughly 26M shares (now worth $1,404,000 at the current market price of $0.054/share).
3) They must also pay off any remaining notes before proceeding to buyback shares on the open market.
4) They will need to allocate up to $13,500,000 in order to buyback up to 250M shares at the current market price.
5) They will also need to set aside funds to pay for any fees associated with uplisting to a major stock exchange.
I’m sure Rotman is now asking himself if this is worth jeopardizing his furniture store as well as his reputation...
$VYST
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