InvestorsHub Logo
Followers 11
Posts 5005
Boards Moderated 0
Alias Born 11/14/2009

Re: boug5309 post# 20279

Friday, 08/29/2014 10:08:11 AM

Friday, August 29, 2014 10:08:11 AM

Post# of 23256
Moore's bankruptcy plan cuts out Alliacence which I think I like as Alliacense is run from THE SAME OFFICE AS TPL BY LECRONE'S OWN SON. Some of the bankruptcy filings from the creditors said Lecrone Sr is the de facto owner of Alliacense.

From the Moore plan:

"The MMP Plan also sets aside as a preference the August 2012 TPL agreement with Alliacense, Patriot and PDS, that established Alliacense as the commercialization entity for the MMP Portfolio. With the 2012 Agreements set aside, and Alliacense no longer authorized to carry out MMP commercialization, all MMP licensing and commercialization rights revert to TPL under the 2005 foundational agreement between and among TPL, Patriot and Mr. Moore, still in effect and remaining in effect as an assumed contract of Debtor TPL, that gave TPL commercialization rights to the MMP Portfolio and established PDS to monitor and supervise TPL’s performance and to collect MMP revenues."