Boo-boo Bobby comes out of hiding!
A PR! lol I'll summarize for you... a pink sheet pie fight is occurring! Slime vs slime, which is common in the pink sheets!
My hopes... more legal costs, lots of name calling back and forth, maybe new objections and rulings... and extending the length of bankruptcy! More! More! More!
Hey Bobby, is this why the 10Q still isn't filed yet? Or were working on the wording of this classic instead? lol
"Secure Point Technologies, Inc. Responds to Zapata Industries Baseless and False Allegations
Leesburg, Virginia - May 25, 2017 - On May 9, 2017, Zapata Industries SAS (“Zapata”) filed a complaint in the Supreme Court of the State of New York, New York County, against Robert Liscouski, the President and a member of the Board of Directors of Secure Point Technologies, Inc. (“Company”).
The New York complaint alleges a claim against Mr. Liscouski for tortious interference of contract and seeks damages in the amount of $450,000. The $450,000 relates to an alleged break-up fee and other alleged expenses Zapata contends it is owed by the Company under the non-binding Term Sheet entered into in connection with the Company’s contemplated acquisition of Zapata. Zapata has additionally filed a proof of claim against the Company in the Company’s Chapter 11 Case seeking the same $450,000. The Company disputes any payment obligations to Zapata in connection with the termination of the non-binding Term Sheet and intends to address the claim filed by Zapata in the Chapter 11 Case on any and all available bases. The Company and Mr. Liscouski also strongly dispute the allegations and claims asserted by Zapata in the New York complaint. As for Zapata’s contention that Mr. Liscouski engaged in conduct constituting a breach of his fiduciary duties to the Company and its shareholders, such allegations are baseless and lack evidentiary support."
