Generative AI Solutions Corp C.AICO

Court Documents: Armistice Capital LLC (Class Action Suit)

[deepoil0808]

There is a MAJOR REASON why Poda has limited Armistice Capital investment to 9,99%. 

Look what happened when Armistice Capital  LLC owned 29% of Vaxart.

COURT CASE:

Armistice Capital LLC is the subject of a class action suit along with Vaxart, a Nasdaq company, in which they owned 29% of the outstanding shares and they reduced it to .2%  in only two trading days reaping $200 million in profits.   

Class action suit claim for securities violations and damages.   Trial by Jury. 

https://www.rosenlegal.com/media/casestudy/2145_Vaxart%20Complaint%20-%20Web.pdf


RECENT UPDATE on this court case:   https://www.law360.com/articles/1426908

September 30, 2021

U.S. District Judge Vince Chhabria appeared skeptical Thursday of Vaxart's efforts to ditch a proposed securities class action claiming the biotechnology company artificially inflated its stock price with an allegedly deceptive headline about producing a COVID-19 vaccine candidate, saying the defendants "buried the investors in an avalanche of B.S."



My personal opinion

[chopperzombie]

They are just as bad as SABBY 

[elmomolly]

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[deepoil0808]

The only thing I can make sense of is this:   Armistice Capital LLC has invested into 7,500,000 shares of Poda at $ 2 per share. For their $ 15 million investment they want a return of $ 200 million USD or, $ 275 million Canadian.   This is how much they made on previous company in the class action suit.  If you do the math, they see the PODA stock at:   $ 36

[elmomolly]

This post has been removed in accordance with Community Policy

[deepoil0808]

I cannot answer as to why no one else answers you on this stock.   You have to ask them. With regards to information.   I get it from doing my due diligence through the internet. The information is not difficult to find.    CSE Exchange is where I found Armisctice Capital LLC selling. With regards class action suit, I simply put words Lawsuits Armistice Capital and

[elmomolly]

This post has been removed in accordance with Community Policy

[macdaddio007]

If that was indeed the case with Armistice and that has been their investment history it sure makes the PODA management look like a bunch of rookies allowing Armistice to participate at in ANY offering in the first place! The promised NEWS is due any day now lets hope management has learned a lesson....so all that said when this is behind them and Armistice has their wings clipped, they wanted

[podatlis1]

THANKS DEEP..AND THIS IS WHY I FOLLOW DEEP`S WORDS...