KAT Exploration Inc (KATX)

[Dubb10]

It's going to be awhile before any Jeep sales show up in the financials.

Both KATX and their financier (TCA Global) have taken Grim and his associates to court. I haven't had a chance to read through the entire case. Just skimmed through it. Very basic summary of the claim is that Grim and his associates (allegedly) took the money provided by KATX's financier, shut KATX out and didn't turn anything over as stated in their agreement, and continued about their business. Allegedly, this put Stead in a very bad spot financially with TCA Global.

Grim and associates tried to move the case to federal court b/c they said the case is complicated, but the federal court judge moved it back to the state court due to the defendant's residency and their (former) lawyer's clerical error. Grim and associates are on their 3rd lawyer.

One of the defendants is no longer with The Preowned Jeep Store.

Summary of federal court proceedings
https://www.pacermonitor.com/public/case/10543249/KAT_Exploration,_Inc_et_al_v_Grim_et_al

https://www.pacermonitor.com/public/case/9581895/Grim_et_al_v_TCA_Global_Credit_Master_Fund,_LLC_et_al

Fulton County Court link to monitor the progress of the case
http://www.fultonclerk.org/
search for case #s 2015CV268068 (KATX) and 2015CV268155 (TCA Global)