Court case went for about 3 weeks. Some affidavits and two court appearances. $200,000 max with Silks involved for court fees.
In regards to the offer Finran has made and was posted on these boards, I think that was to make it public for us retail investors to see what has been offered. Otherwise, it stays behind closed doors and none of us would be aware of it. Could you imagine if none of us knew about this offer and IOU went and did either a CR or loan from someone else on less favourable terms? What would that say?
At least this way we are all aware of this offer and I think that now sets the bar for IOU in regards to what they now accept. Whether it is Finran or someone else, for us shareholders at least we can now see if we are getting a deal beneficial to us and the company and not just to certain individuals.
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