Guys, this is all a calculated move by FS. He is actually playing Russian roullete with some help behind the scene. Notice, he waited for the announcement of default with Horizon and then followed up with the termination of agreement with IR. A few days later, it is announced that Horizon is exercising its rights to auction the assets. In short, FS was waiting for a legal trigger to trigger CERp's own lawsuit against the toxic lenders blaming/alleging their unwarranted action being detriment to CERP's operation as grounds to postpone/cancel the auction, and then perhaps, buy time to get funding, contracts announcements, and revenue to cure the default. I GURANTEE you he has positive news to put out, but he did not want to show his hands because of these vultures. The RS did not happen all of sudden. This was the ACE in the deck of card FS need to resolve this sort of issue. He could have splitted the PPS a long time ago, but he knows, the vultures will eat it a part. Only now, this lawsuit action will take care of the vulture, the default, and adding to the positives (he yet to announce), CERP will grow once it rids itself of the baggages. Let it be known that CERP knows what's coming all along. I am sure FS wanted to be in a more ideal situation, but as his hands are tied, he will have to use the only weapon (lawsuits) to extricate himself, CERP, and perhaps us shareholders from this mess so we can get back to the business of growing the company. Note, this is my only plausible speculation. If the judge got into an argument with his wife/husband and had to sleep on the couch that night and had to deal with the CERPlawsuit the next day, he might not be in the mood. In short, we are under the MERCY and GRACE of GOD and the court. One denial of motion and CEP is poofed, gone. JMHO.
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