And I see you’ve also strayed into the world of company fundamentals tonight PJ, something that you have previously preached was irrelevant to share price direction. So as we are talking fundamentals I trust you are aware of this RNS which emerged well after the start of the current litigation:
I draw your attention specifically to this section: “Pursuant to the Term Sheet, the loan would be on a delayed senior secured basis and the initial availability would be $45,000,000, of which up to $20,000,000 could be used to retire the Company’s existing debt.” I hope it has occurred to you that when effected this will not only enable the company to settle any out of court deal with Outrider but provide it with adequate capital to fund its operations going forward.
You might also wish to have a gander at this article about the meaning of a stay in litigation proceedings:https://en.wikipedia.org/wiki/Stay_of_proceedings
In particular the bit which states that:
“Court have the power to stay:
the whole or part of any part of litigation before it
litigation permanently or temporarily
the proceedings pending some contingent event, such as conclusion of an appeal or a period allowed for mediation.”
The parties reaching an out of court settlement would certainly seem to constitute a contingent event.
I’m off to bed shortly. Sleep well, it’s only money at the end of the day but leverage can be a real bitch when it comes back to bite you.