I wish I knew. I don’t think it was an erroneous slip or an informational message. I’ve never heard of a notice from a brokerage explaining a feature in a security that the customer owns in a portfolio.
Simon still has to abide by the agreement. Specifically to the Earnout payment required to be made to the class 7 shareholders. There is nothing (from what I remember) requiring the timing of that payment being made, as long as it was within the next 12 months. So, in theory, it could be made at any point in time. I believe there was also unused legal fees to be paid out, was it $750k?
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