So you don't think Garnock wasn't aware of a court action against the company. You must be a screaming lunatic to think they wouldn't disclose a lawsuit to any potential investor... Small company's in the otc get sued all the time. 130K will not get in the way of anything the company is doing.
Yes this bs drama will cause some to sell tomorrow maybe. That doesn't bother me as much as your behavior is right here right now. Once again people will lose money because of a scare tactic that has been put out by you. Feeling pretty good about yourself right now?
SMALL COMPANY'S GET SUED ALL THE TIME. USUALLY THEY SETTLE OUT OF COURT. THIS ACTION WILL HAVE NO EFFECT ON INVESTORS DECISIONS. ANYONE IN BUSINESS KNOWS THAT THIS STUFF HAPPENS ALL THE TIME
It is to do with the securities filing. The cause of the dispute is listed as 15:78m(a) Securities Exchange Act.
More than likely they have a disposition of assets protest. This could be as easy as correcting the S1.
All parties involved, and because Garnock has the power to transfer warrant shares more than those listed on 13d, get notification of the S1 5 days prior to filing. This is a way to force negotiation before filing. The fact that Verus has not declared council is indication that it is being resolved pre further court action.
Mark has stated that they are wrapping up so I wouldn't give it to much weight at this point.