Oct. 25 at 4:27 PM
$ADTX Any bulls here understand what cash ADTX gets back from the merger cancellation with
$EVFM?
I'm no lawyer, but it seems to me like ADTX assumed EVFM's 13m debt AND made the 27m equity investment both in GOOD FAITH and neither was pursuant to the closing of the deal or factored in the termination clause.
This would mean that ADTX doesn't get a refund for paying EVFM's 13m debt and ADTX is stuck with a 27m equity position in a 1m mcap penny stock they don't even have control over.
Please correct me if I'm wrong, because if that's true, then ADTX got completely outplayed by EVFM and this company just got fleeced 40m.