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Re: Toxic Avenger post# 31392

Friday, 09/22/2017 4:30:34 PM

Friday, September 22, 2017 4:30:34 PM

Post# of 50981
You do get the part where TCA defaulted on the credit line? wink

"During the second quarter of 2017, the Company filed a lawsuit in the Superior Court in the County of Sacramento against TCA Global Credit Master Fund, LP (“TCA”) alleging lending fraud as TCA is not licensed or authorized to conduct investment banking or lending business in the State of California under the California Finance Lenders Law and default on the credit line for not having made the credit line available for use.

https://www.otcmarkets.com/edgar/GetFilingPdf?FilingID=12246063

It was NOT an equity credit line and most of the notes given in connection to an “ELOC” are bogus and unenforceable. It is just another scam for lenders to use a microcap's stock to make a lot of money.

These cases don't fair too well for toxic lenders in California. wink

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