Fantasy Aces Daily Fantasy Sports Corp FASDF

RE:RE:"Shareholders pretty low on the totem pole"

[Floridas2000]

Very true.  They just closed that financing this month.  If they turn around and screw the shareholders then those financiers will sue, or charge, them large and win easily.  The argument would be they must've known this would happen so close to financing.  Let's see what they come up with, I'm sure Tom doesn't want to be charged.

lscfa wrote: FAS just did a financing so it fully intended to keep operating the business...it must have got a very attractive offer to be enticed to sell the business....

caldernet wrote: "...purchase certain assets..." reads the news release.

I worked for a company once that sold all its assets to some holding company, but none of its liabilities....my stock options disappeared, a number of lawsuits were filed and the landlord (and others) got screwed.

...and then I lost about $1000 on Allen Vanguard when it went private "with no consideration paid to shareholders" (or whatever the phrase they used was. https://www.theglobeandmail.com/report-on-business/allen-vanguard-regrets-deal-means-shareholders-get-nothing/article4288230/

Good luck folks...nothing to do but wait at this point.