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Re: pkdaddy64 post# 96659

Wednesday, 11/26/2014 3:01:44 PM

Wednesday, November 26, 2014 3:01:44 PM

Post# of 352328
This is Asher's last Schedule 13G filing, which was over a year ago:
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=9390646

Also, check this out:

Item 1. Legal Proceedings

The Company is involved in a litigation, Asher Enterprises, Inc. v. Digital Brand Media & Marketing Group, Inc. and Linda Perry , Index No. 600717/2014, in the Supreme Court of the State of New York, sitting in the County of Nassau. The Plaintiff alleges $337,500 in damages based on breach of contract allegations arising from the Company’s untimely periodic filings in November 2013. On September 18, 2014, the Court declined to grant the plaintiff's application for default judgment. The cross-motion by the Company was granted and the lender was directed to file a verified answer in the form submitted within 20 days. The Company plans on vigorously defending the litigation. However, it is possible that the Company will incur a loss of $37,500 based on penalty clauses in its debt agreement with the plaintiff.

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