Tuesday, July 12, 2016 2:57:30 PM
"in October 2010, after the SPA was signed and the assignment of the 2nd Note to Plaintiff, Nery's and Targa entered into an agreement with BL/LC."
Note: BL/LC is Cathart's "Blue Line" ("BL") and Little Caesars ("LC")
Cathart has been operating the Targa asset for 5 years (the Stock Purchase Agreement between Nascemt and Nery's was executed in February 2010 ) at a profit while reneging on the agreement to pay anything on the promissory note it gave to Nascent. In addition to this Cathart is getting "damages" from Genesis as Nasent's assignee for $46,250 and a hefty $539,711.07 for Cathart's legal costs awarded by the court by the terms of the Stock Purchase Agreement.
Little was said by the court during the proceedings about the Nery's/Targa Little Caesears/Blue Line deal that occurred shoertly after the Stock Purchase agreement was executed. The court considered this to be "business confidential" and subject to a protective order.
All of this seems to support the fact that Sandro may be now at the helm of Little Caesars/Blue Line as some on this Board have suggested.
We may never know the truth!
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