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Re: king oil post# 31119

Wednesday, 08/26/2015 12:27:21 AM

Wednesday, August 26, 2015 12:27:21 AM

Post# of 50119
Yes the debt holders were tied to one. They assigned the trademark to bounce acting as collateral agent on 7/1/2010. Then sold substantially all assets to telogis on 7/2/2014. They claimed default. It was approved by majority shareholders which was one party. He also was tied to several companies that held the debt. He insured that he was getting paid through his other companies that held debt. Ceo was given job at telogis along with others. Minority shareholders left to dry. I can link it all on Facebook. Come on over. It will take a bit to spell it out. I did my research. Also the trademark was to satisfy all liens in company. What about accounts. They were not included in trademark and obviously it cleared the debts. He ran rmtd into the ground to sell off assets to telogis getting himself paid. He hid behind company names that he had control in the debt. The substantially all assets is key. He used being the majority shareholder to benefit himself and directors. He leaves shell trading not making any information public. You have to read the docs filed in trademark look at companies that held debt and who is involved. Telogis using shell would clear this up. Shareholders would be compensated. The rest I'll do on fb tomorrow. To late to post. Do some dd