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Re: Johnnycombat10 post# 35228

Friday, 07/10/2015 3:43:32 PM

Friday, July 10, 2015 3:43:32 PM

Post# of 63024
Ginger,

That all depends on the lender's lawsuit.

The lender's case was already dismissed once; because the lenders had already sold the debt to a financing company (by their choosing) under a 3-a-10 deal that was later placed on the company by court order.

Its not so easy to look up . . . but the 3-a-10 was settled and paid out in July 2014
COURT: LEON COUNTY
CASE NO.: 2014-CA-1503
CASE NAME: XXXXXX XXX XXXXXXXX, XXX v ENERGY 1 CORPORATION

But the original lenders then decided to re-file the lawsuit against E1 (and me, personally) when . . .

. . . the finance company didn't pay them?
. . . they didn't get enough money from the finance company?
. . . they thought it would be fun?

I don't know. But the rumor goes that the lender & the finance company had a big falling out and more than a dozen deals (10-12 similar lawsuits, easy to look up) (including ours) were in the mix when it happened.

I don't know what their gig is, honestly; I just know that they sold the debt, but refiled the lawsuit anyway. Now, either it gets dismissed (again, and its therefore dead) or they get a judgement, because I can't pay my lawyer to defend it.

If the first happens, I might be able to resurrect the company, but not the deal that was E1. They ruined it. Although I did finally get my patent (last month, in fact - patent number 9,061,290, and I should get a hard copy shortly, and I'll post it on FB or something).

But if the second option happens, because I don't have the money to fight it in court, then they inherit E1 and I'll probably have to file personal bankruptcy. Obviously, I'm hoping for the first one.

At this point, though . . . I just want it over.

Raymond