The court action is not really about the money. It is verification of their control. This company was basically sold to them when Bignitz approved the $5 million financing from them. The sale was hidden in a clause in the COD allowing their unconverted shares to have the same voting rights as the common, and received the same preference to assets as preferred shares get. In other words, a win/win scenario for them and a lose/lose scenario for the common shareholders. They found an easy mark in Bignitz, who would do anything to get a buck, no matter how toxic the financing.
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