Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Same guy that calls them sh!t coins, two weeks ago. Dont need someone like him on our team
People got cocky and lazy. Now their 401K is a 201k. Mine went to 4001k! Their NFT’s are 90% off, their shit coins are worthless. Now it’s time to actually listen to me. Here is your solution https://t.co/bypq00wTWN
LOL!!! Didn’t know you were with us here bb. Been here since December , don’t recall your being here. Welcome !!! Maybe your presence will help us out here …. Waiting for them to drop the hammer with an 8 k .
On May 10th I had actually emailed Sharpless Law with
I have not seen the contract, but if it is as stated in the filings, then why wouldn’t Alessi get around 500,000 shares because after the reverse split on 05/13/2019 there was only 9,920,254 outstanding shares. Later that year on October 31, 2019 Kok converted $55,070 due him into 55,070,000 shares of Common Stock at a price of $0.001 per share.
They likely could not authenticate the original agreement since it was with himself.
On March 8, 2022, the General Court of Justice of Mecklenburg County, North Carolina, issued a civil summons regarding a complaint William R. Allessi Jr. vs. Techcom Inc., Mr. Alessi, the Company’s President and majority shareholder prior to October 2017, alleged that he is entitled to an additional 3,097,017 shares of Common Stock of the Company under his prior employment agreement. The parties executed a settlement agreement as of May 18, 2022 that provided, in part, for a dismissal of the action with prejudice without the issuance of any additional shares of Common Stock or payment of any other amounts to Mr. Alessi, for the mutual release of any claims or potential claims between the parties and for Mr. Alessi to retain the 120,000 shares of Common Stock that he was issued under this employment agreement.
That settlement agreement TCRI/Alessi entered into was quite interesting. According to Alessi's complaint his employment agreement had a provision that entitled him to an issuance of 4.95% of TCRI's outstanding shares following the reverse split (minus the 120K post-split shares he already owned). I think most people/courts would interpret that as meaning his issuance would be based on the outstanding share count immediately after the reverse split (which was 9,920,254 shares). That would have resulted in TCRI issuing him roughly 371K shares.
However, Alessi claimed he was not only entitled to those 371K shares but he also was entitled to 4.95% of the 55M shares that were issued to Kok Seng Yeap more than 6 months after the reverse split took place. As far as I am aware the text of the employment agreement has never appeared in TCRI's filings, so I don't know if there was anything about this specific situation or terms/language in the employment agreement that would allow his claim on any shares that were issued after the split occurred.
If I am interpreting the above bolded language correctly, it appears that TCRI did not need to make any payment of any kind to Alessi to settle this lawsuit. If there were any significant payments connected to this settlement (common shares, preferred shares, cash, convertible notes, etc.) I would assume they would be fully disclosed in that paragraph in the quarterly report. Assuming that is an accurate interpretation and all pertinent details of the settlement have been disclosed in that paragraph, this agreement would be extremely favorable to TCRI.
One thing I find particularly interesting is the part about allowing Alessi to retain the 120K shares he was issued in 2017 as part of that employment agreement. The lawsuit never proceeded to the point where we got a chance to see what TCRI's full defense would have looked like. But the wording of that statement makes me wonder if TCRI felt it had a strong enough position here that the company could have actually demanded the return of those shares to the company if it had wanted to.
If in fact Alessi came out of this lawsuit with nothing more than the 120K shares that he had already been issued, that is pretty amazing to me. I am assuming/guessing that those 120K shares were the ones that the company unrestricted on January 13.
"Why would a case be dismissed with prejudice? A case that is “dismissed with prejudice” is completely and permanently over. A case will be dismissed with prejudice if there is reason for the case not to be brought back to court; for example, if the judge deems the lawsuit frivolous or the the matter under consideration is resolved outside of court."
TECHCOM, INC. f/k/a *************************STIPULATION OF VOLUNTARY RMD ENTERTAINMENT GROUP INC********DISMISSAL WITH PREJUDICE Defendant
PLEASE TAKE NOTICE that the parties, by and through their undersigned counsel, hereby stipulate to the voluntarily dismissal of all claims asserted between them in this action with prejudice, pursuant to Rule 41(a) of the North Carolina Rules of Civil Procedure, with each party to bear its own attorney's fees and costs.
This the 19th of May, 2022.
/s/ Jeffrey A. Long (with permission) Jeffrey A. Long, NCSB #28645 BRAY & LONG, PLLC Attorney for Plaintiff
/s/ Molly A. Whitlatch Pamela S. Duffy, NCSB #18329 Molly A. Whitlatch, NCSB #34137 SHARPLESS McCLEARN LESTER DUFFY, PA. Attorneys for Defendant
Case No.2022CVS3820 ECF No. 13 Filed 05/19/2022 09:55:20 N.C. Business Court
Why would a case be dismissed with prejudice?
A case that is “dismissed with prejudice” is completely and permanently over. A case will be dismissed with prejudice if there is reason for the case not to be brought back to court; for example, if the judge deems the lawsuit frivolous or the the matter under consideration is resolved outside of court.
Looks like the case was settled and closed! Cannot link directly but if you go here https://ncbc.nccourts.org/public/ then search Techcom it will show the case as voluntarily dismissed and closed
The 10K was the early 2022 update and it confirmed moving forward...
Six months and not a peep from this outfit. “ early 2022 “ has come and gone…. not even a pulse. sp flatlining daily, weekly, monthly. beyond absurd. what a dumpster fire this is becoming.
Six months and not a peep from this outfit. “ early 2022 “ has come and gone…. not even a pulse. sp flatlining daily, weekly, monthly. beyond absurd. what a dumpster fire this is becoming. litigation with alessi didn’t prohibit them from stating on december 21st 2021 they “ look forward to updating shareholders in early 2022….. last time I checked, we are on the cusp of mid 2022. litigation aside….these jokers could have tweeted that they are alive and breathing at the very least. S M H
News 
Market Data 
Discover 
AI
