Alonzo didn't have the authority to make any deals........
PERIOD.
His current attorney, Craig A. Huffman, represented a client (Klein), who Alonzo agreed was the majority shareholder. When Alonzo filed the Designation for the Preferred E shares, he would have needed majority consent and should have been affirmed in the paperwork submitted to NV, but was not.
Huffman represented a client (Klein) who claimed basically 80% ownership of the corporation. 60% with the Preferred A shares, and about 1/2 of the commons, 1B of the then 2B OS.
Now he's representing a client who at the same time claimed 66 2/3 ownership of the same corporation, which would amount to over 140%.
RULE 4-1.2 OBJECTIVES AND SCOPE OF REPRESENTATION
(d) Criminal or Fraudulent Conduct. A lawyer shall not counsel a client to engage, or assist a client, in conduct that the lawyer knows or reasonably should know is criminal or fraudulent. However, a lawyer may discuss the legal consequences of any proposed course of conduct with a client and may counsel or assist a client to make a good faith effort to determine the validity, scope, meaning, or application of the law.
I don't know what Lou did or didn't do that led to the lawsuit being filed by TSB and Huffman, but it doesn't mean squat. And whatever agreements Alonzo made with Lou or the lenders on behalf of TSB were invalid. Alonzo may have taken lenders money on behalf of the corporation, but Huffman knows full well Alonzo didn't have the authority to do jack per the settlement. In fact, I don't understand why anything had to be "settled", except as a legal procedural matter. If Klein owned 80% which did he need Alonzo's consent to convert shares? The settlement was a sham, but was paperwork Huffy/Klein needed to give the TA in order to get free shares. Without the ORDER, they wouldn't have had ANY legit claims to convert because they lacked documentation.
Now Huffman is representing a client who says Lou, who had a contract with TSB and signed an NDA, violated that contract and attempted to interfere with other contract holders. Those contracts are worth less than DKTS stock.
Hollywood couldn't make this shit up.
The lives of Huffman, Pierce, and Sonfield.
If you don't file complaint yourself, any controlling legal authority won't know. I wouldn't wait on others to act. It's likely no one will ever recover a dime from Pierce. It's his destiny. He apparently knows no better or just can't help himself.
