Hangover Joe's Holding Corp. (fka HJOE)

[I-Glow]

I see that CDII filed a lawsuit against a toxic funder - Rockwell Capital Partners - very similar to the HJOE counterclaim against KBM.

The Judge wrote the following:

Plaintiff CD International Enterprises, Inc. (“CDII”) extended a promissory note to Defendant Rockwell Capital Partners, Inc. (“Rockwell”) that included a provision giving
Rockwell the right to convert CDII debt into shares of the company. After Rockwell exercised its conversion right and immediately began to sell its newly acquired stock, CDII’s share price fell precipitously. In this suit against Rockwell and other involved parties, CDII complains that by liquidating its shares so quickly, Rockwell reaped outsized profits and drove CDII’s stock price into a “death spiral.” Perhaps so. But because Rockwell’s actions were consistent with the parties’ negotiated, written agreements, no cause of action lies. The Court will therefore dismiss
CDII’s Complaint....

Conclusion
For the foregoing reasons, the Court will grant the Defendants’ motions to dismiss, and will dismiss this suit in its entirety.

Maybe they should have used the Usury defense since it worked so well for HJOE.

IG