Post by
uograd on Feb 28, 2018 2:30pm
lawsuit
I am done trading here for today but will be ready for the open tomorrow if they put a press release out. If they don't it may tank another dollar.
One thing from the seeking alpha report was that the lawsuit apparently was settled for I think it was $18.5 million. If that is true, they should have released this information on their own.
this is a material event and should have been publicly disclosed.
Comment by
Sukhi19 on Feb 28, 2018 2:34pm
May be it was settled in dark period! Otherwise they would have definitely informed investors about it.
Comment by
uograd on Feb 28, 2018 2:41pm
companies report material events all the time during dark periods. If it was settlled and clearly information that someone had access to we all should have had access to
Comment by
Mining_Dude on Feb 28, 2018 2:43pm
IR said there was a lot of mistakes and half truths in the report. They are for sure putting out a PR although they may need more time to put out a more detailed response.
Comment by
Sukhi19 on Feb 28, 2018 2:46pm
Since information is already out, management should be able to clarify this issue. Now they won't be responsible for releasing it in dark period.
Comment by
ronin1 on Feb 28, 2018 2:54pm
The short plan their move well. They covered their short when KWH was down 19.6% and recovered from there.
Comment by
borne2run on Feb 28, 2018 2:57pm
uograd, lawsuit was discussed in detail with the release of the last quarterly results. If no material changes, then there is no reporting requirements. Management indicated that funds had been set aside and they were confident that the lawsuits would soon be settled based on agreements in principle. Announcing the settlements in conjunction with the Q4 results is perfectly acceptable.
Comment by
uograd on Feb 28, 2018 3:09pm
if they put away 13,000,000 and the lawsuit was settled for 18,500,000 that is pretty fricken material to me plus apparently this is already out in the public domain. If it not true they should say so.