TSXV:HRE.H - Post by User
Comment by
1crisisatatimeon Jan 13, 2015 1:29pm
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Post# 23314356
RE:RE:RE:RE:RE:stock price
RE:RE:RE:RE:RE:stock priceStans will receive $118,000 US plus interest and perhaps costs. The shares (47,000,000) will be liquidated to satisfy our award. The number of shares it takes to satisfy the award will be sold and the assets transferred to stans account. The court only seized 47 million shares, because they anticipated a share price decrease, and they will only liquidate enough shares to satisfy the award, based on the share price at time of courts' ruling. They cannot simply liquidate 47 million shares to satisfy an award of 140 million dollars, particularly if the share value is where it is now. The court can only seize enough to satisfy the award. There are no extras, or punitive damages here, as in many cases in the US. When we finally have a ruling, we will be paid on share value at time of decision, and probably averaged over 30 day trading cycle, or similar. I expect the share price to plummet, once the decision is final, and 47 million may just cover the award. Who knows?