American Picture House Corp. (APHP)

[Brown castle]

It’s a civil matter, not a criminal complaint.

[sharp tool]

Matejka will end up in JAIL

[sharp tool]

He surely can go after everything!!

Matejka personally guaranteed everything

[Brown castle]

A judgement against Mr Macgregor personally doesn’t affect the corporation. But a judgement against LDSI could end this company. After all, this shell was purchased to start a new company for development of the Vastech motor technology. And so far nothing has been filed to restructure LDSI into this new entity. As it currently stands, LDSI is just the defunct shell of a company that went out of business 6 years ago. I seriously doubt that the board spent more than 100 thousand on this shell. So if there’s a judgement against LDSI in this lawsuit, the most likely outcome is bankruptcy. Why would the board pay out a million dollar judgement for a shell they could replace for a hundred grand? When you get down to actual value, the company has very little.
And that’s the nature of the lawsuit. The complaint repeatedly refers to LDSI stock as worthless.

[seven77]

It would be in Sprung' s best interest to force Bannor to add value to LDSI ,
which will be good for LDSI investors otherwise Bannor will just move anything of value to another entity and then file for bankruptcy protection...he already filed for bankruptcy for Duncan Morgan...

[seven77]

Since Sprung can't go after Bannors other assets , he might just want to settle for a lot less if he even gets that offered to him...cause even if he wins the complaint it's gonna be hard to collect from anyone...maybe he gets shares? Maybe he should just drop the complaint now and save himself espenses

[Brown castle]

In other words, we’re going to trial. So this could take some time to conclude. In the meantime, the company will likely remain in the inactive state that it’s been in for almost two years now.

[seven77]

Certainly the court felt they needed more information:
"While these allegations will have to
be proved, further discovery and an eventual trial will sharpen
the allegations."
It does not indicate how the trial will go.
The court did grant 2 motions to dismiss and it may be of importance:

1."It is well settled that a claim of unjust enrichment is not
available when it duplicates or replaces a conventional contract
or tort claim (see, Corsello v. Verizon New York Inc., 18 NY3d
777, 944 NYS2d 732 [2012]). As the court noted "unjust
enrichment is not a catchall cause of action to be used when
others fail" (id). The plaintiff does not dispute this but
argues that unjust enrichment is available where there are
allegations the contract has been induced by fraud (Pramer S.C.A.
v. Abaolus International Corporation, 76 AD3d 89, 907 NYS2d 154
[1st Dept., 2010]). While that is true, the unjust enrichment
claim and the money had claim are duplicative of the fraud claim
(see, American Mayflower Life Insurance Company of New York v.
Moskowitz, 17 AD3d 289, 794 NYS2d 32 [Pt Dept., 2005]).
Therefore, the motion seeking to dismiss the third cause of
action for unjust enrichment and the fourth cause of action for
money had is granted."

2."Concerning the first element, it is well settled that an
investor does not maintain a fiduciary relationship and
consequently cannot maintain a cause of action for a constructive
trust (Gargano v. Morey, 165 AD3d 889, 86 NYS3d 595 [2d Dept.,
2018]). Therefore, the motion seeking to dismiss that cause of
action is granted."

[Brown castle]

Doesn’t look good for our CEO Mr Macgregor. All motions for dismissal denied. Still not clear on why a default judgement has been granted against Jeffrey Katz. He is not listed as an officer of LDSI, though he maybe with one of the other entities listed in the complaint. At this point a judgement against LDSI will likely result in bankruptcy. But it will probably be quite awhile before this is over.

[sharp tool]

https://iapps.courts.state.ny.us/nyscef/ViewDocument?docIndex=890HOP3ymKat/ZbvX8jUZQ==

[sharp tool]

GOING TO TRIAL!!!

COULD YOU IMAGINE WHAT MATEJKA WILL DO BY "DISCOVERY"

"FRAUD" "BREACH OF CONTRACT"

THEY HOPED IT WOULD BE DISMISSED BUT ..........

THE ...... GOING TO HIT THE FAN BIG TIME

LET'S GET OUT QUICK!!!!!!!

[CrazyKar123]

Life Design Stations (LDSI) Trades


https://ih.advfn.com/stock-market/USOTC/life-design-station-international-inc-pn-LDSI/trades

[sharp tool]

THE PARTY IS OVER

The Court upheld the service of process, and upheld the claims for fraud and breach of contract.

The Court also found that Katz is in default.

[sharp tool]

You spent $200 WOW

[CrazyKar123]

Got some more .0009 s

[CrazyKar123]

LDSI is ready for takeoff !!!

[CrazyKar123]

load up on some 0009 - LDSI

[Brown castle]

This is why we have so many zero volume trading days. No buyers all day at .0009 the real buys were at .0006.
But we get a late sale for 35.00 worth of stock to close the week back up at .0009. If you’re a chart trader, you have been lied to. We have had months of blatant, consistent, in-your-face price manipulation. There are no buyers at this price because it’s a fictional price. Month after month some small- time speculators have tried to keep the price up with these little, over- market purchases at the end of the day. These current manipulations are at least somewhat subtle compared to previous ones. For months they were one and two dollar purchases.
Don’t expect a lot of action on Monday. No one who’s paying attention is gonna be buying at this price.

[sharp tool]

Manipulation

Here we go again

$ 10 and up we go

[Law of Averages]

LDSI might be setting up for another run. It looks like a double bottom has formed at .0006

[seven77]

Did anyone noticed the actual stamp used for the AFFIDAVIT OF SERVICE BY MAIL document is expired and they had to cross out the date by hand and write in 2022...Tacky , tacky, tacky and may not be admissable in court as proper due service...complaint will be dropped i think even for Jeffrey Katz ....JMO.


https://iapps.courts.state.ny.us/nyscef/ViewDocument?docIndex=qMyecNBd8luG1/YA/5bTZQ==


MARK ELLIS
Notary Public, State of New York
No. 02EL6143474
Qualified in New York County
Commission Expires April 1 O, 2010

[osu78OnFire]

I guessed I would be talking to myself in here now. SMH

[osu78OnFire]

So now that the p&d is over, what is left for this company? Anything??

[Zap Rowsdower]

LDSI=Hidden Gem

[Zap Rowsdower]

This is my premarket watchlist

[Zap Rowsdower]

LDSI closed down 47.83 percent on Wednesday, September 25, 2019, on 9.21 times normal volume.

[Zap Rowsdower]

Something is brewing here

[Law of Averages]

LDSI definitely getting attention now. #9 on the Breakout Boards.

[Castratrix]

CDIX! wrong board.

[Greentime1]

Those 0.001's were tasty

[Brown castle]

I hope it will be dropped so that the board can get back to restructuring the company. But I admit I have trouble fully comprehending legal documents.

[Castratrix]

Bouncing...

[Common_centz]

Unlikely that it will

[Brown castle]

Yes yesterday’s movement demonstrates the potential for a short term gain if the lawsuit is dropped. I was referring to the risk that it won’t be dropped.

[lightspeed2011]

I literally have so many shares in this deal. I’m letting it all ride if you want to give me shares down here I’ll take them and wait a a year to see how this turns out.. up to over 20m shares here and loving the potential. I think what people missed most about this is that the lawsuit confirms Banner is the CEO of LDSI, and if you read the court documents there is no way they tried to defraud this guy. They even wrote their social security numbers on one of the deal docs. The plaintiff is likely old and didn’t know what he invested into got into a pinch and decided to sue which was the dumbest thing he could do.

[StudiousDDpays]

Traders play the MOMO and a dropped lawsuit will bring a pop off of this current level. Before yesterday’s accumulation, this traded at .009 so here’s support - I don’t care about the shell of a company as I’m not interested in a long hold. Investor VS trader so at CPPS this is low short term risk.... IMO.

[Brown castle]

Low risk? I’m still here because there is still potential for big gains. But if we’re being honest, this is a start-up with no revenues, and a potentially devastating lawsuit pending. Even if there is a settlement, it will fall on the board to either pay it out of their own pockets, or dissolve the company. I agree that there is big potential here, especially if the motor technology is solid. But at this point, the future of LDSI is pure speculation.

[Castratrix]

thats some big dump while still in session.

[abazaba375]

What happens here

[StudiousDDpays]

They are buying because it’s at baseline support for easy 100%+ gains after verdict is in if dismissed. Either way the lawsuit is birthing them and this can churn north to the .004-.008 range again. Check the chart as this is a solid entry especially with catalyst still coming. Low risk, high reward potential from current levels

[aristotelisonassis]

who is buying here -52% and who is selling?

[pennypirate]

Bingo

LDSI

[StudiousDDpays]

The court is still in session - yes, there’s a catalyst - selling like crazy before verdict is nuts!!! EZ gains here if dismissed 100-200% - at support no low risk at .001 level IMO

[Brown castle]

Yes, Backstage Vibe ripped off a lot of investors. And what current investors should understand is this is still the same company. Nothing has been filed since 2012 to change LDSI into the motor technology company promised on the new website. Obviously the current management team has/or had plans to use the LDSI shell to incorporate a new company, but technically LDSI is still the defunct shell of a company that went out of business 6 years ago. And the biggest risk here is that the new board will declare bankruptcy at the conclusion of this lawsuit. After all, their only investment in LDSI is whatever they paid for a defunct shell of an inactive company.

[Greentime1]

Well said

[BRICK_TOP]

It happens :)

[Brown castle]

I think yesterday was just a false start. The rumor that LDSI was settling the lawsuit stimulated all that buying. But nothing has really changed. The lawsuit casts a broad net around several entities, and persons, like Jeffrey Katz. And we may see more of them being separated from this lawsuit. That was an impressive amount of volume though.

[NaiveGirl1]

Anyone who thinks this company is anything more than a vehicle for p&ds is just fooling themselves. I learned the hard way back in 2012 with LDSI's 'Backstage Vibe.'

[osu78OnFire]

Yeah was a pure p&d unfortunately. Stuck here also

[aristotelisonassis]

doesn't look good here today.