OK, I am human and I am also heavily invested in two stocks right now that have their own sets of problems ... Freudian slip I guess, but here is what that last post should have said:
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 MVEE involved? NO! If any judgements are issued, will
MVEE 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 MVEE 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 MVEE 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. |
