Replies to post #64305 on Worldwide NFT Inc (WNFT)

[Yolo]

I agree. So many cases are settled out of court, the biggest companies in the world settle because they know a protracted legal battle isn’t worth the cost.
I still would like to see GS settle and just move on. I know there are many people here who disagree with that and feel Calasse deserves nothing, but I don’t know what actually happened back then, so I can’t comment on what he does or doesn’t deserve.
All I know is that GS is fighting a battle that is absolutely gutting shareholders.

Yeah, that's been my position all along. On Calasse side a settlement is much better than fighting, and on Sharp's side removing the preferred shares immediately is better than lengthy litigation. He made a bad choice to fight it and already delayed things more than a year, but I think continuing to fight will drag it out until 2024 or even longer.

Plus the court did seem to give weight to the arguments that the case is is similar to a will, where heirs aren't individually named but have standing to appeal, so the optimism about dismissal is misplaced. They'll have to fight it to the end and possibly go back to district court for more.


The only thing giving me pause is if Sharp doesn't have a merger candidate lined up, he may prefer fighting over admitting this. So it may not be a rational outcome.