The positive note for shareholders, is that a lawsuit ties up the risk of that for quite a while. Lawsuits can take years. The fact that this was just filed last month means that this kicks the can on any concerns from that one until well into the latter half of 2024. I'm sure they would settle well before having to go through a years long court case but even that is not even a concern at this point. Easily a few months away, on the early end.
The fact that the company is refusing to allow toxic noteholders to get their conversion shares and is instead just paying off the notes in full, is actually peak bullish for shareholders.
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