"Start with the full value of the employment contract salary, $120K per year, then add in attorneys fees and expenses for both sides, because if he loses, John will get to pay both, then add in the value of the stock kaplanis claims john promised him $3-$12 million, then add in possible punitive damages at 3X and you are looking at somewhere between $10.5 million and $36 million, enough to send JBI and John Bordynuik into bankruptcy."
1) He's only suing for the compensation that is owed to him; which according to his contract, would only be for the next 2 months if he's fired without reason. So your first number of $120k suddenly is only $20k.
2) The $3-$12 million worth of stock? That number is what he is claiming JB represented to him as it's potential value. There is NO way he gets the value of the stock "promised", likely from a conversation. "Oh, my boss told me that this stock would be worth this much probably one day, so I deserve that much in cash right now!" Yeah, right. Let's book this at maybe he gets his shares owed to him, but no cash. No way.
3) And a 3x punitive punishment? Really? What are you basing this off of, some ancient Wiccan Law?
On the other hand, someone else was stating that worst case this only costs JBI the same amount as keeping him hired in the first place; uh, no. Let's start with lawyer's fees; that'd automatically make it worse. Plus having to hire someone else to do his work = far worse.
But realistically, far worse is still a drop in the bucket compared to JBII's future value. There are a lot of factors to this story; the trial by jury factor really does make me think that this whole lawsuit is just a distraction.
The $60k purchase probably was a PIPE; good call to whomever noted that first.
Oh, and c'mon people, stop confusing the 100k shares of P2O with shares of JBII. Just because P2O doesn't have a ticker symbol, doesn't mean you can't buy it. You can probably buy shares of it on SecondMarket, where you can find shares of Facebook right now.
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