infamous
2 days ago
Lol... The latest update on the Ebet Inc. vs. Aspire Global court case reveals that the court has granted Ebet's motion to amend its complaint. This decision was based on the liberal standards for allowing amendments and the court's preference to address challenges to the merits of a proposed amended pleading through motions to dismiss or for summary judgment, rather than denying the amendment outright on grounds of futility [[?]](https://casetext.com/case/ebet-inc-v-aspire-glob-intl-3) [[?]](https://dockets.justia.com/docket/nevada/nvdce/2:2023cv01830/165338).
The defendants, Aspire Global and its affiliates, now have until August 14, 2024, to file a consolidated motion in response to the amended complaint. Ebet's opposition to this motion is due by September 23, 2024, and the defendants' reply is due by October 21, 2024 [[?]](https://casetext.com/case/ebet-inc-v-aspire-glob-intl-2).
Ebet's legal action asserts significant claims against Aspire Global, including accusations of fraudulent conduct and breach of contract related to the acquisition of certain iGaming assets. The claims detail alleged manipulations of financial records and failures in maintaining necessary operations, particularly in Germany [[?]](https://sigma.world/news/btobet-and-ebet-initiate-legal-action-against-aspire-global/).
These developments indicate that the legal proceedings will continue to be complex and contentious, with further arguments and evidence to be presented by both sides in the coming months.
Sounds like to me that this will take years to finalize
infamous
3 weeks ago
ANY semi experienced trader knows that if there was even 1 iota of chance that a company would do well from a lawsuit, the stock pps wouldn't be going BACKWARDS. yea from .38 to .06. And the red flags are right in everyone's faces....
Ebet owes MORE than $37,000,000.00 to lenders. They owe most likely millions of dollars to the lawyers. Coinop was originally pumping that even if they get 40mil from a settlement, the math would be 40mil divided by 15mil os or a pps of around 2..60. Well guess what! Its not going to work out now, cause the 37mil and imo like 5mil to 10mil for lawyers have to go to them FIRST. that puts the stock at 0 in that case. Another problem AGAIN is that insiders don't own shares(and there was a REASON for that). Imo, if theres any overage from the settlement, they will pocket the cash and will not be applied to company sustainability imo. Imo its been their plan all along....PAY OFF DEBT and get paid if possible