Mar. 19 at 10:13 PM
@sgabrel21 @mt_zzz @DaGrimRIPper - 1
I wish I had answers.
Per the litigation between
$CLIS and their offshore lender Discover Growth Fund - in which CLIS & Mike Smith used different attorneys than Frank & Lenny - it appears that Smith is not in bed with the prior regime.
Smith was firing off the 🚀 emojis in late December 2022, but went dark just as he was due to sign the 10K during the last week of ‘22. My hunch is that Smith found something fraudulent re Lenny - and maybe Frank - in CLIS activities, and wouldn’t sign off.
No idea what Smith’s intentions are. Maybe he and DGF are playing poker re finances? After all, CLIS has not filed BK, and DGF has not (yet) forced them into it.
If Smith doesn’t fight to bring CLIS back to life, IMO he will be perceived to be a participant in the prior regime’s shenanigans. If CLIS should go belly up, Smith would then be a prime target for a lawsuit or SEC-type investigation. I doubt he wants that.