I do not see how that can be legal, for if that was the case, all these stinky pinkies would be doing this across the board. What I want to know is who owns Therapeutics Medical LLC. If in fact these assets were sold to $TRTC by a debtor who had these brands as collateral and was now selling them to $TRTC to satisfy a debt, they sure wouldn't need to create a new entity to consummate the transaction.
If on the other hand it was Michael James who was the debtor from what he lent to the company, then it would make sense that he would need to create a new entity to complete the transaction without raising any suspicions. This is what I am trying to find out, because if in fact the debtor and owner of Therapeutics Medical LLC is Michael James, he will be in BIG HOT WATER!
I think there was a reason Derek Peterson didn't say who the debtor was, as he tried to diffuse the situation. I smell a rat, a very big rat! I will continue to follow up on this to get to the bottom of it and I will take every necessary action against Michael James and everyone else involved in this backdoor scheme. Anyone with new info on the matter, please let me know TIA. Cheers!
