Just so everyone understands how great the Plantiffs must be feeling right now after reading all the filings that this cast of lying individuals keep supporting their lies within court filings.
If you simply take one basic reoccurring claim that they have made within all of their filings against Berthold.
Which is, that he did not provide Lanham and Lanham with at least 51% control or voting control of Inolife Technologies, Inc.
So let's look at FACTS using a calculator. Per the filings Berthold transferred 49,079,160 of the series B preferred shares with a voting right of 1 preferred to 10 common shares and a conversion rate of 1 preferred b share to 250,000 common shares.
Now, this would have provided Lanham and Lanham with 490,791,600 votes of common stock and converted to 12,269,790,000,000 of common stock.
Now Berthold held 10,000,000 preferred D shares, with a voting right of 1 preferred D share to 10 common shares and a conversion rate of 1 series D preferred share to 500,000 common shares. This would have provided Berthold with 100,000,000 common share straight voting rights and converted to 5,000,000,000,000 common shares.
Now I may not be reading this correctly but Lanham and Lanham has and had significantly more then 51% voting or conversion ownership in INOL. Berthold provided substantially more ownership in INOL than the SPA agreement called for and he relinquished way more stock to Lanham and Lanham then he had to.
This is only the beginning of how the Plantiffs in my opinion can demonstrate how fraudulently this group is conducting business and they can go right down the line and provide the same type of Facts for all of their other claims.
One aspect that I am really supprised at INOL is by having legal counsel in multiple states file false statements and lies to judicial venues. Do they not realize that they have opened wide the opportunities for the plaintiffs to file charges with the state law boards against their attorneys? Every attorney in the USA from my understanding is required under their granted law license to perform basic reviews of their clients claims prior to filing anything with the courts.
Anyone wish to enlighten me how any attorney can make those very simple mathematical computations with the above numbers show that Berthold did not provide 51% of voting control to Lanham and Lanham?
