GREY:FFLWF - Post by User
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1sergedompierreon Jun 16, 2023 7:03am
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Post# 35499669
class action for the minority shareholders of FAF
class action for the minority shareholders of FAF it looks more and more clear that we habe lie by Trudel many times at least over the last 6 months :rosy pictures was put in front of us :the Master licencing agreement , being very close -next month ! -to be cash flow positive , gross margin up every months , in seriuos talk about sereval potential acquisitions soon etc
Meanwhile the major serius problem of all those useless 146 leases draining 1,3 M $ per month ! of our preciuos cash flow ! THAT was never and should have said to us as it is the number one reason why we are now in that situation
Then ACT never mention that they did not intend tu use their last warrant and they even have put in ACT financial statement last year ; 36 M $ has a right off for FAF !!
Green Acre -one of the minority shareholder -is contesting all that reverse vesting structure in court next mondy the 19 of June .
Remenber again you should read all that in the link i have given you the other day .That link is still there also on last night on FAF website last news section .
What more and more is discuss in variuos circles is if the propose reverse vesting structure does not include also the monority shareholders a class action by them will be put together and ACT will be sue ..