InvestorsHub Logo
Followers 281
Posts 25967
Boards Moderated 6
Alias Born 01/27/2009

Re: e-ore post# 2770

Friday, 02/27/2015 2:41:02 PM

Friday, February 27, 2015 2:41:02 PM

Post# of 2794
GNZR - Nice 8k today. From it:

"This information is provided as an update to the Form 8-K filed by Generation Zero Group, Inc. (the “Company”, “we” and “us”) on December 20, 2013.

As previously disclosed by the Company, effective on December 13, 2013, the Superior Court of Fulton County, Georgia (the “Trial Court”)(File No. 2013CV227180) approved Geronimo Property Trust’s (“Geronimo”) Motion for Summary Judgment and ordered the Company to pay Geronimo $386,950 plus post-judgment interest at the rate of $167 per day.

As previously disclosed by the Company, our shareholders and Note Holders encouraged management to appeal this judgment. On January 10, 2014 we filed an appeal of the judgment with the Court of Appeals of the State of Georgia (the “Appeals Court”).

On September 26, 2014 the Appeals Court remanded the case to the Trial Court for review and subsequent determination.

Effective February 18, 2015, the Trial Court granted the Company’s Motion to Set Aside the Judgment."

My posts are my opinion. Do not be influenced by anything you read on any message board website unless you can confirm it.

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.