Everything negative that has happened to the company recently has been due to the activity of Schreiber. He had been trying to get the company's appeal rejected on a technicality, and today the court in Louisiana decided to grant him a writ of execution, despite the fact the appeal process is still ongoing. Below I've posted the writ of execution:
The company is not taking this laying down and has filed an emergency petition asking that the order not be enforced during the appeal process as you can see in the document below:
If this emergency motion fails the company will have to pay about $326k to Schreiber right now, Schreiber is probably that paying him will require dilution, allowing him to buy back more shares than he could if it didn't. Schreiber and Redhawk have been furiously filing motions last week and today. I wonder what else Schreiber has been up to, during the past few days..
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