Looks like you were right SpottyFe. Alignment's lawsuit against TKF alleges "breach of contract, proposed capital raising, issue of options, non reduction in CEO salary, acceptance of new funding, failure of obtaining independent research note and failure to commit to roadshows."
Methinks they have their eye on the new funding to try and claw back some cash before KB & Co. fritter it all away - again.
Hard to see any way back from this, and they surely don't need the additional costs of defending this suit on top of their already hefty monthly burn rate.
TKF Price at posting:
1.4¢ Sentiment: None Disclosure: Not Held
