Sounds like LTTT is arguing that HMBL (the public company) should have gotten more than $3 million for those assets. They cost $30 million to develop, after all.
Following that line of thought...Brian Foote, negotiating as a fiduciary on behalf of the public company's shareholders, sold those assets to Brian's private company in a non-arm's length transaction for far less than they were worth.
I think LTTT is going to file a derivative lawsuit against HMBL, Brian and others involved in that transaction.
Talk about awkward family get togethers!
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