InvestorsHub Logo
icon url

trader59

04/11/20 4:56 PM

#101593 RE: Awigo #101592

Here's the complete quotation that was mangled...

APA, page 4:

J. The Vendors desire to sell, transfer and assign to the Purchaser, and the Purchaser desires to acquire and assume from the Vendors, all of the Vendors’ rights, title and interests in and to the Purchased Assets, on the terms and subject to the conditions contained in this Agreement.

Vendors’ rights is not the same as their rights in and to the Purchased Assets.



So, must have "misread" the real words... Or maybe just didn't pick them all up in the copy/paste. I've put them in red to be clearer...

This part is still true...

Any wiggling attempt to deliberately misinterpret this clause is laughable.

icon url

Real McCoy

04/11/20 5:03 PM

#101594 RE: Awigo #101592

Given the conclusiveness of Recital J of the APA, do you still believe a valid argument can be made that separates the company’s interests and rights in and to the Purchased Assets in a way that requires some additional consideration?

Before you answer, please take into account that LCY, through their attorney, has already issued a To Whom it May Concern letter promising that shareholders will receive nothing from them in connection with any of their dealings with the company.