“You claim that the issuance of B-Shares resulted in no capital infusion to the company. That is true in the sense that the issuance itself did not directly raise capital, but it’s misleading to present it as if the B-Share holders contributed nothing”.
I did not “present” the B-share holders contributed nothing, I said what I said which you acknowledge was accurate.
“You mention warrant exercises, including the $2 million from Sharp that was repaid. If you’ve read the filings, as you suggest others should, you’d know that this repayment was disclosed. Framing it as some sort of cover-up ignores the transparency of SEC filings and their intent.“
Read exactly what I said…again…with attention. I NEVER said the “settlement” agreement wasn’t disclosed. I am not taking about that, it was after the fact. My question was, was there an intent or agreement when he exercised them to keep George whole if the stock price tanked after? Both he and Brian knew that was likely going to be the case and yet he exercised them anyways. George doesn’t give away money.
And IF there was any sort of prior agreement to keep him whole (so that he had no risk in exercising the warrants) and THAT agreement or intent was not disclosed, that could be considered fraud. I see nothing of the sort in the filings…only the agreement to repay him when his shares were deep underwater after the fact.
What even makes it more suspicious is the fact that they had the settlement agreement run through the court. Why was that necessary?
I am familiar how the courts can be used by two parties that pretend to be adversarial but really aren’t as can be seen in what are referred to as 3(a)10 stock scams. Where under the cover of a court order free trading stock is issued to the plaintiff by the defendant (company)…and they were pretending to be adversarial.
My question is whose idea was it to draft up a settlement agreement and get a Judge to sign off instead of simply signing an agreement between the parties without the involvement of the court?
Let’s keep pulling this thread shall we?
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