I think W2V would have a strong case. BMYG agreed to settle the funds owing on 20th May.
Rule 1 in debt collection, don't admit you owe the money. If W2V has it in writing that BMYG agreed to settle on 20th May, then I doubt BMYG has a leg to stand on.
Any fees incurred by W2V chasing this money will have to be paid by BMYG if they lose.
It will be interesting to see how this plays out.
It also shows you how desperate W2V is for cash, but at the same time, they're trying to prevent further dilution by obtaining the cash owed. $500K at 2.2 cents is better than $500K at 1 cent, it's less dilution.
W2V Price at posting:
1.0¢ Sentiment: Hold Disclosure: Held
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