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.
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.
and I would bet that funds were wired into the txhd bank account based in California. At that moment when funds were received by txhd's bank is the "actual transation". So I would have to believe that Txhd could turn Einhaus' provision from Nevada to California. California Court will not be excessively harsh with fees assessed, in fact if Txhd has a great attorney could diminish any and all effects of Txhd's default action.
It looks like the courts are looking for what state the "actual transaction" takes place to determine what state's usury laws apply if there exists a provision by the lender specifying which state the note is applicable to.
If Txhd vs. Einhaus transacted this monetary exchange in the state of California, there exists precedent as recent as 2017 that Txhd could rely upon as a plea to the court that California usury laws should apply.
You said>> "If Wais was smart he'd want to avoid committing perjury in California."
So you think this has a realistic chance to be tried in Ca.?
Pipe dream.
How hard would it be to pull this back into California where the law may be more on their side? The company is based in Ca. right? Why would you think no?
When is the court date?? I have yet been able to find this out.
That's all fine and dandy but if it is found to lean towards violating usury laws, then all your festivities can be trumped.
I feel for you man, but California has some tough usury laws....I know you'll get your principle back but I'm not sure with the all the extras.
California law imposes strict penalties for violating usury (charging excess interest) laws which makes it important for anyone making a loan to understand these laws.
Penalties
The lender on a usurious loan is subject to the following civil penalties: (1) forfeiture to the borrower of all interest on the loan, not just the usurious part; and (2) payment to the borrower of triple the amount of interest collected in the year before the borrower brings suit.
Additionally, a lender who willfully receives interest in violation of the usury laws is guilty of loan sharking, a felony punishable by imprisonment for up to five years.
With such serious ramifications, it is important to understand when a loan is usurious.
Maybe not as foolish as you think though...although I hope you are made whole asap.
The contract probably violated usury laws and it was in txhd's best interest to default..the Judge will be easy on txhd and note holder will be hard pressed to prove damages.
Surely you had some collateral assurances built into the contract for that kind of money..?
no provision linking stock price to note holders contract....>voluntarily default...>do not settle, wait till court date....>prior to court date pump stock price up....>lose in court, issue less shares to cover defaulted debt to note holder ...>pocket stock increase on shares that note holder would have settled for.....GENIUS!!
That's how a stand up guy like you would handle it...right? Why not be congratulatory of a great plan?
OK, 26%, 29% doesn't matter, that's a given that the debt holder is entitled .... But how are you going to convince the court that this debtholder suffered damages because the stock price rose 2 cents...what provisions in this agreement allow for that?
Anyway, any Judge is going to see the accruing daily interest you're so fond of reminding everybody that that will negate any argument whatsoever of the additional charge against stock price.
Why do you assume the loan of $800 was tied to the stock price? The guy loaned the company $800 bucks...have you seen the details of the agreement?
Option Trader...FOR EXAMPLE: you loaned txhd $800.00...instead of settling for 1 million shares(.0008 current share price)...you decide to hold off and take them to court..in the meantime, txhd goes on a run from .0008 to .0208...that's a two cent increase...those 1 million shares you could have had are now worth $20,800.00....the next day you go to court and the judge orders txhd to give you 38,462 shares worth $800($800/.0208 cents= 38,462 shares)
You just lost $20,000 if this scenario plays out...how do you win and laugh last?
Seems like some people coming apart at the seams...I think that's a sign that something is about to happen here.
"In both cases, the sanctions against the company are backed up by a lien on the defenants personal property." Oh really? LOL
Thanks
Exactly where do I go to see this?
Fred, trust your indicators regardless if the stock price jags up or down...get ahead of the trend...txhd is swaying to the positive trend.
Does anyone know what txhd can charge for multi-year licensing fees JUST to use/have access to the 3Gen platform?...do some research.... Ever walk in a gym and they charge a monthly fee for use...AND they charge a yearly membership fee(similar to a LICENSING FEE) for yearly access to gym.... This is sweet money!
Thank you, someone with some common sense...great post!
Now, let’s take the example a step further. If the buyer in our automobile example was able to drive away from the dealership and immediately sell that car for $22,000, the buyer would pocket $2,000 in profit from a $2,000 investment, ignoring the interest expense. Mathematically speaking, that would be a 100% return on the buyer’s investment. By contrast, consider the case if the buyer has paid cash for the car, without taking out a loan, and then immediately sold the car for $22,000. With a $20,000 initial investment resulting in $2,000 profit, the buyer would have generated a 10% return on the investment. While a 10% return is certainly nice, it pales in comparison to the 100% return that could have been generated using leverage.
Read more: Overleveraged http://www.investopedia.com/terms/o/overleveraged.asp#ixzz4mTWlT1IM
Follow us: Investopedia on Facebook
I gave you the answer to this long ago..[The strategic default option becomes valuable when a firm is overlevered and therefore reduces equity beta. In addition,
firms are more likely to be overlevered when they have large strategic advantages in distress renegotiations with their debt holders. ]
....plus now we have a 3GEN network up and running increasing network capacity 99%. How much do you figure having this 3GEN network up and running, say, 6 months earlier pays in revenue/net profit/ customer acquisition & retention, etc. You can't because you darn well don't know all the metrics involved.
Did this also get forgotten.?..copied off txhd's twitter feed>> TXHD will benefit from GEN 3 & the licensing deals 2 use our new scalable platform.
Even at $0.0008 penny stock demoters were trying to get unwitting investors to sell the low priced $TXHD stock they were buying. Of course there's no accumulation!!!!
Good job laying it on the table very clearly and understandable.
Innuendos and falsehoods posted today about txhd imo..
Following up, here is the 2017 latest employee numbers at each of the Big 4 accounting firms >>
Deloitte number of employees – 244,400 employees
Ernst and Young number of employees – 231,000 employees
PwC number of employees – 223,000 employees
KPMG number of employees – 188,982 employees
It is either PwC, Deloitte, Ernst &Young or KPMG. Either one will do and blow another hole in the doom and gloom theory of several here.
Sounds like you are conceeding this is going to pop soon...thats good news...even if you think it will retract after it pops north.
What does Carl have to say about the power of SMS technology?
To illustrate this point, I’ve pulled together a list of five innovative ways businesses are using SMS to engage, inform, delight and reward their customers.
Vending machines
When you think of a vending machine, SMS probably isn’t the first thing that comes to mind. In Mumbai, however, Cadbury changed this perception when they released an SMS-enabled vending machine that allows people to select their preferred item by sending an SMS to a short code number on display.
The machine then displays the customer’s mobile number and asks for the choice of chocolate. Once the chocolate has been dispensed, the customer receives an SMS confirming the transaction and the cost of the chocolate is deducted from a pre-paid account. The process is hassle-free (unlike most vending machine experiences) effective and engaging.
Virtual gifts
Everyone loves a surprise gift, especially on Valentine’s Day. Recognising this, AT&T – one of the largest GSM carriers in the US- partnered with 1-800-FLOWERS to give users the opportunity to SMS a free virtual bouquet of animated flowers to their loved one, in their ‘Cupid Goes Wireless’ campaign.
As a part of the campaign, AT&T created a link in the 1-800-FLOWERS mobile shop that allowed AT&T subscribers to send the virtual bouquet directly to their partners mobile device. Those who received the virtual flowers were also able to enter for a chance to win a $50 gift card from 1-800-FLOWERS.com.
Coupons & vouchers – with a twist
There’s nothing new about businesses utilising SMS to distribute coupons and vouchers as a marketing tool. There is, however, something a little different though about the way Mukuru.com utilises SMS to help people.
Mukuru.com is a company that enables transfers of money to Zimbawe without banks fees, to assist customers in supporting their loved ones living in the country. One of their initiatives allows customers to pay for food, groceries and fuel for their friends and family using SMS technology.
Once an account has been set up, customers can choose the amount of fuel, for example, they’d like to send, and the location where it will be collected. As soon as the order is paid for, an SMS is sent to the Zimbabwee recipient’s phone, containing a 10-digit number that the person can exchange for fuel.
Compelling VIP offers
While giving customers discount coupons may not be enough to compel them to engage with your business, discount coupons coupled with a compelling free service is a recipe for success, as Girlfriend Magazine found.
To make members of their ‘Girlfriend VIP Club’ feel valued, the magazine sent monthly discount coupons via SMS for popular cosmetics and clothing items, which could be redeemed in store. To make them feel truly valued, they followed this up by offering members free SMS messages, which could be sent via their website. This offer resulted in 40,000 member registrations.
Emergency services for the deaf and hearing impaired
Perhaps one of the most well considered uses for SMS I’ve seen is by The Magen David Adom emergency health service, who introduced a service using mobile messaging technology that allows those who are deaf or hearing impaired to call an ambulance simply by sending a text message.
This example also highlights what I believe is the key to a successful mobile campaign for any business. That is, by using SMS in a way which adds value to your customer.
It’s perhaps a bit of a cliché, but it certainly rings true. If you want to get the most out of your marketing initiatives, SMS included, be sure to consider your customer and how you can add value to their life and enhance their experience with your business.
Carl Krumins is the 34-year-old founder and CEO of SMSGlobal, a leading international provider of mobile messaging technology.
Example of text shortcodes becoming mainstream...
Here's your common everyday article about a crime...
>> He said anyone with information about the shooting or the gunman’s whereabouts should call detectives at 330-489-3144 or leave a message on the city’s tipline by texting the word “canton” and the tip to 847411.
MJBBB.com supposed to launch tomorrow, correct? Should give a lot of clues to where this is all headed.
(420-420)
Isn't it hard to believe those estimating a reverse split..seems totally illogical to me.
420-420 I think is going to be one of the MAIN POT LINES...Get on this line of communication and go anywhere within the branches of anything marijuana related. Basically like a texting cocoon within the marijuana umbrella....each text under the umbrella within the cocoon is $$$. Bingo!, what a gig txhd and partners will have..
420-420 >>
calling card for $$$ in txhd's account daily.
You very well know the next text from 87365 that all the shareholders get is going to be a great one...what it will be I don't know but I just know it is going to be eye-opening in a good way!
Easy to make a deal with Auctus..they have part ownership of a central california telecom. A brokered deal involving some percentage of bartering services involved imo. Again, just like the deal with JSJ, everyone wins something. Its in everyones interest for txhd success.
Txhd will pop a tall green candle today...watch and learn.
You wrote,
"The question is why hasn't $TXHD acted to protect shareholders from the losses incurred as a result of the advice to voluntarily default on the debt?" ,,Nonsensical! You are putting the cart before the horse, my friend..Before you ask that question you must know the answer to this question..What are the details on the newly enacted partnership between JSJ Investments and TXHD? I don't know and you don't know so file your question away until later. TXHD price will enjoy a nice day tomorrow. NO paint job today, notice?? Here we go!