Jan. 25 at 2:42 AM
$POWW $POWWP IMHO and of course, I may be incorrect on any or all of these points: DYODD
Management @AMMO.inc likely acknowledges that Urvan would win his lawsuit and end up owning almost everything;
rather than continue through the court system to that end, why not settle out of court by selling off the loss producing manufacturing assets for whatever someone will pay for them, return what's left of the company (Gunbroker.com) to Urvan's control with some or all of the
$75M from the sale.
That's the only way that I could see a unanimous vote from the board for the sale.
No doubt that's when the accounting issues were found, as another poster here has already pointed out.
If things go well for a year or so after the sale, I could see them calling all of the POWWP preferred shares on or soon after May 18, 2026
