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Sigh....
That would be incorrect. See below. Items in bold are what is important to note.
Mr Conte was awarded a Judgment: 11/10/2015, Docketed: 11/18/2015
Total Judgment: $348,544.91 for a total of $348,544.91 which means he now basically owns the company.
https://www.clarkcountycourts.us/Anonymous/CaseDetail.aspx?CaseID=11085298
Register of Actions
Case No. A-13-685696-C
Frederick Conte, Plaintiff(s) vs. Transglobal Assets Inc, Defendant(s) §
Case Type: Breach of Contract
Subtype: Commercial Instrument
Date Filed: 07/23/2013
Location: Department 28
Cross-Reference Case Number: A685696
Party Information
Lead Attorneys
Defendant Transglobal Assets Inc Formerly Known As Time Share Holdings Inc Ryan J. Works
Retained
7028734100(W)
Plaintiff Conte, Frederick Nikolas Lamont Mastrangelo
Retained
7023845770(W)
Events & Orders of the Court
DISPOSITIONS
06/12/2015
Order of Dismissal With Prejudice (Judicial Officer: Israel, Ronald J.)
Debtors: Frederick Conte (Plaintiff)
Creditors: Kent A Strickler (Defendant), Douglas R Johnson (Defendant)
Judgment: 06/12/2015, Docketed: 06/19/2015
10/20/2015
Order (Judicial Officer: Israel, Ronald J.)
Debtors: Transglobal Assets Inc (Defendant)
Creditors: Frederick Conte (Plaintiff)
Judgment: 10/20/2015, Docketed: 10/28/2015
Total Judgment: $348,544.91
11/10/2015
Judgment Plus Legal Interest (Judicial Officer: Israel, Ronald J.)
Debtors: Transglobal Assets Inc (Defendant)
Creditors: Frederick Conte (Plaintiff)
Judgment: 11/10/2015, Docketed: 11/18/2015
Total Judgment: $348,544.91
OTHER EVENTS AND HEARINGS
08/03/2015 Trial Memorandum
Transglobal Assets, Inc.'s Post-Trial Brief
08/04/2015 Errata
Errata to Transglobal Assets, Inc.'s Post-Trial Brief
08/19/2015 Decision (3:00 AM) (Judicial Officer Israel, Ronald J.)
Decision Re: Bench Trial 07/20/15
Minutes -
Result: Decision Made
09/14/2015 Transcript of Proceedings
Transcript of Proceedings Bench Trial July 20, 2015
10/20/2015 Findings of Fact, Conclusions of Law and Order
Findings of Fact and Conclusions of Law
11/10/2015 Judgment
Judgment
11/11/2015 Notice of Entry of Judgment
Notice of Entry of Judgment
11/11/2015 Memorandum of Costs and Disbursements
Memorandum of Costs and Disbursements
Again that is the old case from Federal Court. The new case is Criminal District Court from my previous post.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=118809863
And the sticky of the post that I did a while back also has that information.
We shall see what comes next.
Slojab I am referring to the current case, the case you are referring to was in in Federal Court, the current case is in the Nevada District Court.
You can go here and look up the information, the only problem is that very limited information is available from the District Court. I posted this before.
Yes, but there is always a trail. Always.
Why yes Slojab, Mr. Conte. I have contacted an individual who has spoken to Mr. Conte and from the sound of it, Mr. Conte will take these guys to justice one way or another and the end goal is he wants the company and from my understanding has the temerity and wherewithal to accomplish his goal. I also understand he already has businesses lined up once he acquires TMSH.
In that regard, I intend to watch and see what occurs.
From my understanding, Mr. Conte has won his case against the two perpetrators (Debtors)/(TMSH),(Klump Struckler and Dung Jackhead, (who shot themselves in both feet). My understanding as I stated before is that when taking assets out of a company before a final determination is made, is considered a Fraudulent Conveyance to prevent the Creditor (Mr. Conte) from receiving payment by the Debtors (Klump & Dung). Please note the sections in BOLD.
Oregon Law - www.oregonlaws.org/ors/95.230
Transfers fraudulent as to present and future creditors
In determining actual intent under subsection (1)(a) of this section, consideration may be given, among other factors, to whether:
(a) The transfer or obligation was to an insider;
(b) The debtor had retained possession or control of the property transferred after the transfer;
(c) The transfer or obligation was disclosed or concealed;
(d) Before the transfer was made or obligation was incurred, the debtor was sued or threatened with suit;
(e) The transfer was of substantially all the debtors assets;
(f) The debtor had absconded;
(g) The debtor had removed or concealed assets;
(h) The value of the consideration received by the debtor was reasonably equivalent to the value of the asset transferred or the amount of the obligation incurred;
(i) The debtor was insolvent or became insolvent shortly after the transfer was made or the obligation was incurred;
(j) The transfer had occurred shortly before or shortly after a substantial debt was incurred; and
(k) The debtor had transferred the essential assets of the business to a lienor who had transferred the assets to an insider of the debtor. [1985 c.664 §4]
Wyoming Law - law.justia.com/codes/wyoming/2011/title34/chapter14/section34-14-205/
CHAPTER 14 - FRAUDULENT CONVEYANCES
34-14-205. Transfers fraudulent as to present and future creditors.
Universal Citation: WY Stat § 34-14-205 (1997 through Reg Sess)
(a) A transfer made or obligation incurred by a debtor is fraudulent as to a creditor, whether the creditor's claim arose before or after the transfer was made or the obligation was incurred, if the debtor made the transfer or incurred the obligation:
(i) With actual intent to hinder, delay or defraud any creditor of the debtor; or
(ii) Without receiving a reasonably equivalent value in exchange for the transfer or obligation, and the debtor:
(A) Was engaged or was about to engage in a business or a transaction for which the remaining assets of the debtor were unreasonably small in relation to the business or transaction; or
(B) Intended to incur, or believed or reasonably should have believed that he would incur, debts beyond his ability to pay as they became due.
(b) In determining actual intent under paragraph (a)(i) of this section, consideration may be given, among other factors, to whether:
(i) The transfer or obligation was to an insider;
(ii) The debtor retained possession or control of the property transferred after the transfer;
(iii) The transfer or obligation was disclosed or concealed;
(iv) Before the transfer was made or obligation was incurred, the debtor had been sued or threatened with suit;
(v) The transfer was of substantially all the debtor's assets;
(vi) The debtor absconded;
(vii) The debtor removed or concealed assets;
(viii) The value of the consideration received by the debtor was reasonably equivalent to the value of the asset transferred or the amount of the obligation incurred;
(ix) The debtor was insolvent or became insolvent shortly after the transfer was made or the obligation was incurred;
(x) The transfer occurred shortly before or shortly after a substantial debt was incurred; and
(xi) The debtor transferred the essential assets of the business to a lienor who transferred the assets to an insider of the debtor.
As you can see, from your earlier post, Struckler left the building so to speak thinking he could get away with "Fraud". I think not. Jackhead, I really do believe is too stupid to realize the situation he created for himself. Time will tell.
Struckler is probably running because of the conveyance and Jackhead still there thinking he will get away with conveyance.
Seems to me that once the proper authorities start looking into the "cash" business that they will stumble upon several improprieties.
If I am not mistaken, Slojab you have been stating this all along. Am I correct?
I for one will be watching periodically to see how things evolve of the next few weeks. What we need is someone with access to Pacer to publish the Court Public Documents so that we know exactly what the Judge's final decision was.
What I find mist interesting is that there is no mention of the cash that they were collecting from their sales as Mr. Johnson stated to me on several occasions when I called for an update on the company.
Could it be that they were not reporting the cash payments for the goods sold???
Actually, Kent Strickler resigned from SLXCO about the same time as he did from TMSH. I posted that information before.
SLXCO New Ownership - http://egov.sos.state.or.us/br/pkg_web_name_srch_inq.show_detl?p_be_rsn=1656610&p_srce=BR_INQ&p_print=FALSE
SLXCO - Amended Annual Report - August 8th, 2015 Now only Douglas Richard Johnson shows as the single owner of SLXCO. As well as the registered agent. Hmmm, not good for Mr. Johnson. http://records.sos.state.or.us/webdrawer/webdrawer.dll/webdrawer/rec/4082104/view/SOS%20-%20Corporation%20-%20Business%20Entity%20Filing%20Records%20-%2096113692.PDF
That only leaves Doug Johnson as the sole owner of TMSH and SLXCO.
That does not mean that Kent Strickler cannot be prosecuted to the fullest extent of the law like Doug Johnson will be.
They performed a fraudulent conveyance according to what I read with both Oregon laws and Wyoming Laws. Looks to me like they cooked their goose for good when they pulled the assets our before the Judge made his Final decision.
I heard that the Judge made his final decision and that Mr. Conte was awarded a substantial financial remuneration.
I also heard that more motions were filed.
I am also appreciative of the low cost shares that I have been able to acquire in the last two days, please keep them coming.
And why am I buying, because I am sure there is a lot more going on than we all know.
Happy Holidays!
Something was filed with the Courts on September 14th, but there were no minutes posted. Until there is some type of public statement or someone has access to PACER and can provide the information, we are in a holding pattern.
09/14/2015 Transcript of Proceedings
Transcript of Proceedings Bench Trial July 20, 2015
I do not believe that he can sell the company or the shell without a final statement from the Judge presiding over the case. Just like them pulling the assets out, I do not think that they can do that either. But we will not know until we see the final judgement. Either way, I will be a buyer at these levels because eventually this will go higher for no reason or a good one.
Since TMSH dropped to new low levels, I looked to see if there was news or something that triggered the new low. Nothing, as usual.
Slojab, you have been accurate about many things regarding the management of TMSH. In searching for the reason for the drop, I finally found what could be the reason, but makes no sense to me that people would be selling when TMSH has the potential to be run by someone with an actual business background who has raised millions of dollars. I found a single mention of a lawsuit against TMSH by Frederick Conte.
http://www.otcmarkets.com/financialReportViewer?symbol=TMSH&id=127542
NOTE 8 – Subsequent Events
On July 23, 2013 Frederick Conte filed a lawsuit in the State of Nevada against TransGlobal for breach of contract.
The Company is currently defending this action.
Just in case, I searched the Wyoming District Civil and Criminal Cases showed nothing about the lawsuit on TMSH. The only filing that I could find containing anything about a lawsuit was this. The October 13th Quarterly Report, 2014. Yet there is no other mention of the lawsuit after that.
In searching for the lawsuit in the Nevada District and Civil Cases was able to find this case looking up , https://www.clarkcountycourts.us/Anonymous/default.aspx.
You have to search for Fredrick Conte I discovered no other person's name worked. This is the Case # I found, A-13-685696-C.
Now read through all of the gobbly gook, and drop down to the bottom and look at the recent results of the Trial you will understand why the management was trying to pull the Assets out of the company. Which is considered illegal and could results in additional actions by the Judge. We will all have to wait and see. I would think that we would see something coming out soon in that regards.
The lawsuit filed by the Plaintiff was for Breach of Contract,
1) Debt owed of $323,504.91 - Judge decided in favor of Plaintiff - Frederick Conte
2) Debt owed of $25,000.00 - Judge decided in favor of Plaintiff - Frederick Conte
Also found Fraud Charges that were dismissed, then looks like later allowed. A lot of mumbo jumbo there. Hard to read. If I understand all the information looks like Mr. Conte will be paid shares for the debt or maybe just receive ownership of the company by the judge, which will give him controlling ownership of the company and the Fraud Charges against current Management have not been defined as to whether or not there was a decision either way.
Look at the dates. The Trial was on 7/20, but no minutes on what happened with the Trial, to me very unusual.
Then notice the dates on the resignation of Kent Strickler, then the dates of change of owner ship of SLXCO to only Doug Johnson on August 8th. And yes you already noticed that Kent has resigned. But the date submitted to counsel was for the 14th of August, which was after the date of the Trial which was 7/20/15.
SLXCO New Ownership - http://egov.sos.state.or.us/br/pkg_web_name_srch_inq.show_detl?p_be_rsn=1656610&p_srce=BR_INQ&p_print=FALSE
SLXCO - Amended Annual Report - August 8th, 2015 Now only Douglas Richard Johnson shows as the single owner of SLXCO. As well as the registered agent. Hmmm, not good for Mr. Johnson. http://records.sos.state.or.us/webdrawer/webdrawer.dll/webdrawer/rec/4082104/view/SOS%20-%20Corporation%20-%20Business%20Entity%20Filing%20Records%20-%2096113692.PDF
We can only assume that Mr. Strickler thinks that by resigning he will become immune to the findings of the Judge. We all know that his resignation means nothing and does not help Mr. Strickler in the least. He was acting CEO at the time of the Trial and resigning does not dismiss him from responsibilities and actions taken during his time as CEO and Chairman.
In addition, pulling the Assets out the Company before a final verdict and decision is filed by the judge can be considered fraud. Which means, the very thing that the Management, Doug Johnson and Kent Stricker were denying, in fact performed that very act. You could say case closed, but nothing is certain until the judge discloses his final decision.
I am encouraged that Frederick Conte seems to have won the case. Again we will not know until there are either final meeting minutes or if there is any type of news from the Company.
From what I have found Mr. Conte is a Businessman in Las Vegas, NV and runs a Consulting Business. Found him on LinkIn.
https://www.linkedin.com/in/frederickconte
Here is his Website - http://www.favaenterprises.com/
I also found this resume - http://www.distinctiveweb.com/resumes/Conte-Resume.pdf
Key Points - It appears this person is no slouch. Look at what he has been involved in in raising capital and in managing teams of people and a $105M operating budget.
Raised $1.6 million in seed capital, secured lines of credit valued at $5 million for funding and operational expenses, and successfully negotiated merger with renewable energy company for boutique mortgage banking organization in early stage development all while strengthening shareholder satisfaction.
Managed team of 6 (marketing and sales executives) and $2.5 million budget.
Managed $105 million annual operating budget and directed efforts of organization employing approximately 1,800 individuals throughout accounting, information technology, collections and finance, customer service, human resources, cash management, legal/compliance, marketing, sales, and verifications departments. Oversaw pricing and distribution of inventory. Developed Internet, call center, direct mail, and offsite marketing programs.
If he gets control of the company then it will be the first positive move in years. Then we wait to see what he does with the company. If we are lucky he will acquire new businesses or business relationships that are truly viable. I for one hope that he already has plans, he has been suing the company for 2 years, so he has to have something in mind and I hope he does something sooner than later if he is awarded control of the company or however that works.
Who is Flex Nation? Are they part of WPNV?
This is my last post for the day, max of 15 as a Free Account.
But I did notice that WPNV has moved up on all IHUB statuses.
Breakout Board - #5 WPNV
Most Posted Board - #7
Most Read Board - #14
Ticker Buzz Cloud - Large and green.
Good luck to everyone tomorrow.
I was hoping for something a little higher, say in the .50 range. Is that a real possibility here?
Russ5555 would you be kind enough to give me a sketch of what that would look like for a Parabolic possibility? TY
What do you think will happen after .15. I cant really see many trades at the next levels of .25 to $1.80. It just goes from .25 to .52, then from .55 to .75. I mean it literally shows hardly any shares there.
Why is that so tough to get a Buy from Trendspotter?
Your welcome, certainly looks like that to me.
What do you think the next leg up will be after .06? After .06 is .085 then .15 on the chart.
Certainly can see that just in the last week with all the new awareness in WPNV's new acquisition.
It makes sense to accumulate overall. Reading some of the posts in pps seems that WPNV is way undervalued here.
I think that WPNV will at least go to .0599 for the next leg up based on the Barcharts information.
14 Day RSI at 80%
0.0599
4 Week High
13 Week High
52 Week High
0.0380
14 Day RSI at 70%
0.0372
Pivot Point 2nd Level Resistance
0.0340
0.0339
14 Day %d Stochastic Stalls
0.0318
3-10-16 Day MACD Moving Average Stalls
0.0315
14-3 Day Raw Stochastic at 80%
Pivot Point 1st Level Resistance
0.0310
0.0304
3-10 Day MACD Oscillator Stalls
0.0284
Price Crosses 9 Day Moving Average
0.0283
14-3 Day Raw Stochastic at 70%
Current Price
0.0280
Current Price
Whenever someone says something about a retrace you need to read what they are really saying.
"I bought then sold too early because I am not that smart a trader and I need to post even more stupid messages which I know will not work to get cheaper shares."
WPNV is going up, not down.
I just saw this from yesterday, WPNV was #19 on the most Read Boards by Deximus.
WPNV is #23 today. There seems to be a lot of interest in WPNV.
I think it will go up quite a bit this coming week.
I do not see any alerts on WPNV. Where should we look?
Barchart Information on WPNV
WPNV is a Strong BUY.
RESULTS OF 13 POPULAR ANALYTICS
Overall Average: 88% Strong Buy
Windpower Innovation (WPNV)
0.0280+0.0020 (+7.69%) 8:11P EDT (OTHER OTC)
Stock Price Quote as of Friday, Apr 26th, 2013
High 0.0280 Low 0.0190
0.0380 52Wk High
(-26.32%) Since 04/22/13 0.0022 52Wk Low
(+1,172.73%) Since 02/08/13
Open 0.0250 Prev Close 0.0260
Volume 636,000 Avg Volume 584,865
EPS 0.00 Div & Yield N/A
P/E Ratio 0.0000 Market Cap N/A
Weighted Alpha -29.24 Standard Dev +0.30
62.43% 14-Day Rel Strength 69.14% 14-Day Stochastic
Looks like WPNV is on track to what this person was told last year in June.
Which means those holding shares in the open market have no value, is my understanding correct?
Are they not talking about new equity as in new shares which will be issued meaning the current shares will become valueless??? Or am I misunderstanding the new agreements?
Well I am not even going to sell there, it is probably going to go much higher than that based on what I was hearing about yesterday. I feel you were right and wrong about the .03 to .05, I feel now it will go higher.
I don't have any patience! Not after what I have learned, this is not even going to be on the Pinks much longer IMO and I would not be surprised if they don't take this to the AMEX or NASD at the end of the year or the first of next year. I am honestly excited from what I was hearing was the potential that is going on with this company.
I guess once the information starts coming out we will all be floored, that is what I was told. These people would know, they are in the business. But I was told the approach that the management is going forward with was not the usual and that the way they were building their business model could potentially set them up as an extremely fast growing company. And that is because of all the alignment of these different companies they are bringing together.
That is fine with me.
LOL! I wasn't using any type of psychology I am just tired of the games that someone is playing with selling so many shares. But I will admit when I am wrong and, "I am wrong." I have been calling around for the last couple of weeks to some friends in the Solar business and the Investment Banking Business. And I finally got some information about the contract with the Florida Schools. SHKZ does have the contract and they are doing installations. And it does not stop there. Also I am hearing are going to get a huge surprise about them doing work in other areas and well, this is much bigger than even the hyped up people may even know.
And this is not just going into the pennies, and we will all be very happy with this stock this year.
I wish everyone the best. GLTA
We all have our shares and I seriously doubt we will go higher based on the trading activity today. More likely we go down to test support at .002 again and if we break that we will be back at .0015.
Wait, are you suggesting what I think that you are suggesting?
You think that it does not matter whether or not a company provides full disclosure as to the truth and reality of the content of the information that they present to the public?
Please help me understand what exactly you are stating.
From your post to the company''s eyes. We shall see.
No, IMHO it would be worth more. It would definitely be worth more if the numbers quoted in the previous PRs are correct about the one company' previous revenues were over $10M and the other company's revenue was over $5M, and they were quoting sales of over $166k in the month of November.
But that is where the real issue is! Those are only statements that they have made!
PROVIDE SOME TYPE OF CONFIRMATION!!! ENOUGH OF THE STATEMENTS THAT ARE BACKED UP WITH NO PROOF!!!
Is that too much to ask! I think not!
That is what I am talking about as well. I could just dump all of my shares for double my money right here where we are. But why would I want to do that if I could make 10 times that amount!
The company has had ample time IMHO to get their act together and provide some type of update. Just provide the update, even if it is to tell investors that they will have the main update next week, say something, do something, but I am tired of the hype! Period!
And I do like that people are buying, but what are we all buying? That is the real question!
Oh, another thing, the company may expect most people to bury their noses in the ground or stare at the sky or look like a deer staring into headlights, but that is not gong to happen with me or you or a few others here.
It is time to show us some truth backed with a statement from a Law Firm or a filing with the SEC. Period!!!
AS I stated earlier, those are only PRs, there has been very little confirmation from the other companies about the Press Releases about the acquisitions. You get a Law Firm to back up the statements in those Press Releases or filings with the SEC and I would feel a lot better about what they are claiming. Who would not like what is in those PRs. I like it to but I want confirmation! I want Audits on those Financials! I want Filings with the SEC to show that the company has nothing to hide! I want a Law Firm backing up their statements! That is what I and I am sure other investors want! The Truth! Not a bunch of fluff to keep people buying if they are dumping.
That I feel is why there is such a large short position in this stock because the MMs aren't buying the fluff!
Enough said.
Exactly my point! ASK Keeps dropping with large shares to be sold, looks like dumpage and manipulation to me!
Yes and the amount of shares does not decrease, so is this retail or the company dumping???
The ASK is completely overwhelming to the low BID support and who wants to support the BID when the ASK is nothing but high levels of shares being dumped!
The world is not filled with Rockefellers and I nor the others waiting are impatient. We are just asking what any smart investor would ask. Provide an update so that we know our investment is solid. That is all.
Yes, SERIOUSLY! "topweb" What proof did you provide, none, just the previous PRs which hold absolutely no proof of anything. I have not seen one filing showing anything about what the PRs claim. They are only that PRs. The company needs to show something solid and in a filing IMO in order for investors to feel more comfortable about their claims. And you know that I am not a naysayer here, I have been in support of the company and the stock, but things are not looking good not matter what color you want to paint it. They can look busy all day long, but there were promises of news in December, it did not happen, and then we hear the first two weeks in Jan. Well sure looks like this week has gone buy with nothing but hype of hope that we get news I now feel was used to pump people up to buy the shares being dumped by the company! Prove to me that I am wrong, then I will agree with you!
SHKZ Management is not impressing me right now!
I totally agree and am very disappointed that the company has not put out a PR especially today. Tomorrow is never a good day to do a PR unless it is truly and "Epic" PR as GM_Tech states it will be.
What I am really disappointed about is that as the ASK keeps getting hit, someone else or the same person comes in and adds more shares to the ASK or they drop the ASK even more. Looks like manipulation to me. And if it is the company dumping shares, well I will be very sore about that and all of us investors can put a hurt on the company they do not want by filing complaints to the SEC or FINRA. Then it would not matter if they wanted to be fully reporting. It would not happen.
BACK OFF The ASK with the massive share amounts and let the stock price appreciate or it will most certainly look like the company is dumping shares! And it better hit .005 today or I am going to file those complaints!
After this POST I am expecting to see the ASK hammering to stop altogether or I am going to file a complaint with both. I have been patient as many others for several months now, but enough is enough!
Put the NEWS out and stop playing games with people's lives!