One of the issues I never before addressed is the lingering question about the previous Cannon problems and what they mean to us here. First, it is really important to understand that MVEE is a corporation. Now that may seem like a no-brainer to most, but really, consider that for a second. A corporation is an artificial person. It is comprised of the shareholders, whomever they may be (That is you and me and anyone else that owns shares). We own the company and that is the assets we own. Does Cannon own any shares? Nope! Do the shareholders of Cannon own any shares? Maybe, but that is only because they own shares of both companies, there is no ownership in MVEE based on ownership of Cannon. It just does not work that way.
So, lets assume that there is some still pending litigation against Cannon, which I can tell you there is not. Is PRWT involved? NO! If any judgements are issued, will PRWT have to pay anyone? NO, we will not! Can anyone else gain posession of any of our asets based on any litigation or ownership with Cannon? NO, they cannot!
So what happens if there is some litigation with Cannon and GG? That is a matter between Cannon and GG and does not effect PRWT in any way except perhaps it might tie up some of the time of GG that otherwise would be dedicated to our persuits.
The bottom line here is that there is nothing having to do with Cannon that will have an economic effect with PRWT other than the fear of unknowledgable persons who do not understand how the system works.
There is one other issue which I forgot to address earlier. That is in the suit against Golan. The claim says fraud. What does that mean, exactly? Well, in that case, all it means is that in the opinion of the plaintiff, Golan meant to breach the contract at the time he signed it. That is all it means and nothing more. It is extremely difficult to prove, is almost always alleged, and is nothing more than a neusance! IOW, don't wory about it, it is meaningless for all intents and purposes. |
