My thoughts for this evening So here are my thoughts why in the last few days fsd went downwards , however seems likes it’s holding steady for now… GBB made an accusation against FSD Pharma we don’t know all the details and the news release is one sided
Whenever there are these types of events we probably won’t hear about it until it’s done similar how when raza lost his court battle against FSD Pharma then towards the end we found out arbitration was against raza.
Now it seems there could be another legal challenge this time against FSD … I don’t expect FSD to release any statements because usually lawyers indicate to remain silent before the courts until after the fact
GBB made an accusation that FSD Pharma stole their technology without proof though , we don’t even know if it’s the same product or if it acts in the same way.
I can’t make a determination on who is right or wrong until more info is released.
I will give you some facts about times when a cease and desist are wrongful.
Unfortunately in USA lawsuits are common with companies and biotechs and celebrities , only guilty verdict matters. I doubt we will know more until the matter would be settled in courts. I’m still holding on tight and haven’t sold any shares since reading this 2 days ago. By the way I’m assuming it would go to courts unless the lawyers of both companies deal with it somehow.
I waited until sharing this because I wanted to do more due diligence first but I’m limited because there is limited info.
For research purposes ;
A wrongful cease and desist refers to a legal action taken by one party against another party, usually in the form of a written letter or notice, demanding that the recipient stop certain activities or behaviors. However, a cease and desist letter or notice can be considered wrongful or inappropriate under certain circumstances. Some examples of wrongful cease and desist actions may include:
False or misleading claims: If the sender of the cease and desist letter makes false or misleading claims about the recipient's actions, rights, or legal status, it can be considered wrongful. For example, if a company sends a cease and desist letter claiming that someone is infringing on their trademark when they are not, it could be considered wrongful.
Lack of legal basis: If the sender of the cease and desist letter does not have a valid legal basis for their claims, such as lacking intellectual property rights or other legal grounds, the cease and desist letter could be considered wrongful. For example, if someone sends a cease and desist letter claiming copyright infringement without owning the copyrights in question, it could be considered wrongful.
Harassment or abuse: If the cease and desist letter contains threatening language, harassment, or abusive behavior towards the recipient, it can be considered wrongful. Cease and desist letters should be written in a professional and respectful manner and should not contain any language that is intended to intimidate or harm the recipient.
Anti-competitive behavior: If a cease and desist letter is sent by a competitor with the intent to stifle competition rather than for legitimate legal reasons, it can be considered wrongful. For example, if a company sends a cease and desist letter to a competitor simply to eliminate competition rather than to protect their legitimate legal rights, it could be considered wrongful.
Improper procedure: If the sender of the cease and desist letter fails to follow proper legal procedures, such as failing to provide proper notice, failing to adhere to applicable laws or regulations, or failing to meet other legal requirements, it could be considered wrongful.
It's important to note that the specific laws and regulations governing cease and desist actions vary by jurisdiction, and the determination of whether a cease and desist letter is wrongful or not will depend on the specific facts and circumstances of the situation. If you believe you have received a wrongful cease and desist letter, it's advisable to seek legal advice from a qualified attorney to understand your rights and options.