The best hope for shareholders is to watch revenue, not think about legal issues. If the promised tens of millions actually materialises, the company's legal position drastically strengthens. Prospective buyers would be advised to form an opinion on that likelihood
That said, on a simple English interpretation of the claims against them, to quote The Black Adder, they are 'as guilty as a puppy sitting next to a pile of poo". But that doesn't necessarily mean all is lost. Their strategy will be to delay, hoping for said revenue to improve their legal position. Additionally, they may attempt a Hilary Clinton-esque defense claiming 1 + 1 = 3 and challenging the meaning of the words such as "the". The legal process can potentially take years.
GSW Price at posting:
49.0¢ Sentiment: Sell Disclosure: Not Held
