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It doesn't help if no one is buying. Having more shares on the open market is not reason to buy a stock. This is only going to move on a money contract or stellar earnings.
Fact: 475,000 shares to sell. The only one that can guarantee he doesn't sell is Einhaus, you are not Einhaus so what you are saying is speculative. Fact below:
SECTION 1 – REGISTRANT’S BUSINESS AND OPERATIONS
Item 1.01 Entry into a Material Definitive Agreement
On October 12, 2018, Textmunication Holdings, Inc. (“Company”), Wais Asefi, the Company’s CEO, and David Thielen, the Company’s COO, entered into a Settlement Agreement and Release (the “Agreement”) with Lester Einhaus (“Holder”) concerning a $25,000 convertible note issued by the Company to the Holder on September 23, 2015 (the “Note”).
The Holder initiated litigation against the Company on April 27, 2017, in the Circuit Court of Cook County, Illinois, Case No. 2017 L 506, which was later removed to the United States District Court for the Northern District of Illinois, Case No. 17 C 4478 (the “Einhaus Lawsuit”). Messrs. Asefi and Thielen also brought claims against The Holder. The Agreement settled the Note and all claims, and the parties signed an order to dismiss the Einhaus Lawsuit.
The Agreement requires the Company to issue to the Holder 475,000 shares of the Company’s common stock, subject to the condition that the Holder does not own more than 4.99% of the Company’s outstanding shares at any time. As such, the shares will be issued out in tranches, with the first such tranche due within 10 days of signing the Agreement for 198,000 shares. The Holder agreed to a daily leak out of the greater of 10,000 shares or 15% of the trading volume. Finally, the Company agreed to increase the number of shares due to the Holder if additional shares are issued to third parties after six months.
The foregoing description is intended only as a summary of the material terms of the Agreement and is qualified in its entirety by reference to the full Agreement, a copy of which is attached as Exhibit 10.1 to this Form 8-K and are hereby incorporated by reference herein.
Item 1.02 Termination of a Material Definitive Agreement
The information provided in Item 1.01 concerning the termination of a material definitive agreement is incorporated by reference in this Item 1.02.
SECTION 9 – FINANCIAL STATEMENTS AND EXHIBITS
Maybe you should reread the posts you have sent me. You have been really nasty. I am just pointing out fact and have been backing everything up with public court documents and SEC filings. The truth about TXHD is they had several toxic lenders. Until all shares are sold, there will be volatility. I don't need all the personal attacks as I am just stating documented facts.
because you claim to be Lester Einhaus and this is an article regarding TxHD defamation lawsuit against Lester for his comments on IHUB
(April 4, 2018, 9:29 PM EDT) -- Executives of a California-based company that specializes in helping businesses reach out to customers via text messages sued an investor in Illinois federal court Wednesday, alleging he posted dozens defamatory and libelous comments about the executives in online forums.
Textmunication’s CEO Wais Asefi and Chief Operating Officer David Thielen alleged Illinois resident and investor Lester Einhaus libeled and defamed them on multiple online message boards centered around penny stock investing. Einhaus, who lent $25,000 to Textmunication in September 2015, allegedly began posting the defamatory comments in 2017 after he demanded that the loan obligation be satisfied and demanded an amount of shares of Textmunication “well in excess of what he was entitled to under the terms of the loan,” the complaint said.
“Beginning around 2017, Einhaus began posting numerous messages on various internet message boards under various user names relating to Textmunication,” the complaint said. “In addition to posting false, defamatory and misleading information about Textmunication, Einhaus posted false and defamatory messages and information about Asefi and Thielen. Einhaus also began to harass Asefi via telephone and made numerous threats against him.”
Asefi and Thielen said in their complaint that they sued to hold Einhaus liable for his “defamatory and otherwise tortious conduct” and to prevent him from continuing posting comments about them online and threatening them in the future.
Einhaus allegedly went by three separate usernames in an online forum where traders discussed penny stocks, and between those three accounts, Asefi and Thielen alleged Einhaus posted over 150 libelous and defaming messages about them. Asefi, whom Einhaus refers to mostly by his first name, receives the brunt of Einhaus’ criticism in the messages, along with his wife, Rezwana, whom he repeatedly calls a “gold digger.”
“Wais Asefi is a scam artist and everyone in the Martinez California area knows,” one comment included in the complaint reads. “His wife Rezwana spends the shareholders money as quick as she can get her hands on it. The truth will be uncovered.”
Einhaus’ aliases alleged that Rezwana spent shareholders’ money on getting her nails done, saying she “needs money constantly.” Einhaus also allegedly posted comments taunting the Asefi family, regularly naming the couple’s son Juleon.
“How are the bills paid and payroll met is the magic question,” Einhaus allegedly wrote in June. “Wais needs a lot of money to maintain his life style with wife Rezwana. He also has his oldest son Juleon Asefi on the payroll. Shareholders flipping the bill for family bank.”
On June 20, Einhaus allegedly posted two separate comments suggesting Asefi and Thielen had committed crimes with shareholder money.
“Wais Asefi and David Thielen will be behind bar's soon enough,” one comment said. “They pulled some serious stuff with some share selling on the side to line there [sic] pockets.”
Another comment said simply: “Wais and David your days are numbered. Tick tock tick tock.”
As the summer wore on, the comments eventually transitioned to all caps, and in one such comment in August, Einhaus allegedly accused Asefi of seducing his wife into adultery.
“WAIS LURED MY WIFE AND I INTO LIES,” the comment said. “HE TOOK OUR MONEY AND EVEN THEN HAD AN AFFAIR WITH MY WIFE. REAL SCUM BAG. BAD FOR SHARE HOLDERS AND MANY IN MARTINEZ CAN'T STAND HIM. DOES THAT HELP YOU. SHOWS THE INTEGRITY OF THE CEO.”
The complaint also alleged Einhaus threatened to kill Asefi in June. During a phone call, Einhaus allegedly told a Textmunication adviser, Shelly Singhal, “that he was going to drive to California to kill Asefi,” the complaint said. Einhaus allegedly stated he was not going to fly because “there are records," so he was going to drive, according to the complaint.
The seven-count complaint alleges Einhaus defamed both Asefi and Thielen, plus inflicted intentional emotional distress on them both.
“These false statements are defamatory under Illinois law because they impute that Asefi committed criminal offenses, impute an inability to perform his job for want of integrity in the discharge of duties of office and employment, impute a lack of ability in his profession and business, and falsely accuse Asefi of fornication and adultery,” the complaint said.
The complaint demanded the court enjoin Einhaus from continuing to post comments about Asefi and Thielen, alleging that as long as Einhaus’ messages remain online, the pair will continue to suffer “irreparable injuries.”
Representatives for the parties could not be reached for comment on Wednesday.
Thielen and Asefi are represented by Michael Crane, William Jones and Peter King of Canel King & Jones.
Counsel information for Einhaus could not be determined on Wednesday.
The case is Thielen et al. v. Einhaus, case number 1:18-cv-02421, in the U.S. District Court for the Northern District of Illinois.
He has also come on this board and said TXHD is a scam and Wais' wife is using stockholder money to fund her shopping and vacations.
I have posted the leak out provision several times, copied and pasted the exact settlement. I guess I need to post it daily so everyone knows I haven't forgotten how the payout goes. All the info on Einhaus is public through the lawsuit. You remember this don't you:
Executives of a California-based company that specializes in helping businesses reach out to customers via text messages sued an investor in Illinois federal court Wednesday, alleging he posted dozens defamatory and libelous comments about the executives in online forums.
Textmunication’s CEO Wais Asefi and Chief Operating Officer David Thielen alleged Illinois resident and investor Lester Einhaus libeled and defamed them on multiple online message boards centered around penny stock investing. Einhaus, who lent $25,000 to Textmunication in September 2015, allegedly began posting the defamatory comments in 2017 after he demanded that the loan obligation be satisfied and demanded an amount of shares of Textmunication “well in excess of what he was entitled to under the terms of the loan,” the complaint said.
“Beginning around 2017, Einhaus began posting numerous messages on various internet message boards under various user names relating to Textmunication,” the complaint said. “In addition to posting false, defamatory and misleading information about Textmunication, Einhaus posted false and defamatory messages and information about Asefi and Thielen. Einhaus also began to harass Asefi via telephone and made numerous threats against him.”
Asefi and Thielen said in their complaint that they sued to hold Einhaus liable for his “defamatory and otherwise tortious conduct” and to prevent him from continuing posting comments about them online and threatening them in the future.
Einhaus allegedly went by three separate usernames in an online forum where traders discussed penny stocks, and between those three accounts, Asefi and Thielen alleged Einhaus posted over 150 libelous and defaming messages about them. Asefi, whom Einhaus refers to mostly by his first name, receives the brunt of Einhaus’ criticism in the messages, along with his wife, Rezwana, whom he repeatedly calls a “gold digger.”
“Wais Asefi is a scam artist and everyone in the Martinez California area knows,” one comment included in the complaint reads. “His wife Rezwana spends the shareholders money as quick as she can get her hands on it. The truth will be uncovered.”
Einhaus’ aliases alleged that Rezwana spent shareholders’ money on getting her nails done, saying she “needs money constantly.” Einhaus also allegedly posted comments taunting the Asefi family, regularly naming the couple’s son Juleon.
“How are the bills paid and payroll met is the magic question,” Einhaus allegedly wrote in June. “Wais needs a lot of money to maintain his life style with wife Rezwana. He also has his oldest son Juleon Asefi on the payroll. Shareholders flipping the bill for family bank.”
On June 20, Einhaus allegedly posted two separate comments suggesting Asefi and Thielen had committed crimes with shareholder money.
“Wais Asefi and David Thielen will be behind bar's soon enough,” one comment said. “They pulled some serious stuff with some share selling on the side to line there [sic] pockets.”
Another comment said simply: “Wais and David your days are numbered. Tick tock tick tock.”
As the summer wore on, the comments eventually transitioned to all caps, and in one such comment in August, Einhaus allegedly accused Asefi of seducing his wife into adultery.
“WAIS LURED MY WIFE AND I INTO LIES,” the comment said. “HE TOOK OUR MONEY AND EVEN THEN HAD AN AFFAIR WITH MY WIFE. REAL SCUM BAG. BAD FOR SHARE HOLDERS AND MANY IN MARTINEZ CAN'T STAND HIM. DOES THAT HELP YOU. SHOWS THE INTEGRITY OF THE CEO.”
The complaint also alleged Einhaus threatened to kill Asefi in June. During a phone call, Einhaus allegedly told a Textmunication adviser, Shelly Singhal, “that he was going to drive to California to kill Asefi,” the complaint said. Einhaus allegedly stated he was not going to fly because “there are records," so he was going to drive, according to the complaint.
The seven-count complaint alleges Einhaus defamed both Asefi and Thielen, plus inflicted intentional emotional distress on them both.
“These false statements are defamatory under Illinois law because they impute that Asefi committed criminal offenses, impute an inability to perform his job for want of integrity in the discharge of duties of office and employment, impute a lack of ability in his profession and business, and falsely accuse Asefi of fornication and adultery,” the complaint said.
The complaint demanded the court enjoin Einhaus from continuing to post comments about Asefi and Thielen, alleging that as long as Einhaus’ messages remain online, the pair will continue to suffer “irreparable injuries.”
Representatives for the parties could not be reached for comment on Wednesday.
in that case it is a waiting game. If you are patient, it should pay off. After the Einhaus settlement, the further away we go, the more shares he will have to sell. That will help the PPS when he is finished unloading.
At this point the only thing that is going to make this run is a big contract announcement.
The Agreement requires the Company to issue to the Holder 475,000 shares of the Company’s common stock, subject to the condition that the Holder does not own more than 4.99% of the Company’s outstanding shares at any time. As such, the shares will be issued out in tranches,
with the first such tranche due within 10 days of signing the Agreement for 198,000 shares.
The Holder agreed to a daily leak out of the greater of 10,000 shares or 15% of the trading volume
not saying he is doing it everyday, but the longer the price is depressed, the more he will need to sell. Like I say, when your house is valued at $97,000 and you have a bankruptcy less than 10 years ago and your 55, you can't hold forever.
he can't hold. Check his bankruptcy records. Check the address on the lawsuit. Einhaus needs to sell the settlement shares to survive. The longer the price is depressed, the more he will sell. The only reason they capped to 10,000 shares per day would be because he had to sell immediately to cover attorneys fees and they didn't have the liquidity
Trading 101, when there are more sellers than buyers the price goes down.
That would be 18 trading days since Mid October. You think he is paying his pro bono attorney in cash? Not. He has had all the opportunity to sell enough to pay legal fees.
Ahhh the memories
stealofadeal Member Level Tuesday, 12/05/17 01:13:33 PM
Re: mdimport post# 26068 0
Post #
26073
of 41625
TXHD Holy Batman a 25,000,000 sell at .0002. That one dump is more than the float back when this was over .13 cents. Great job Wais....... What a joke and all at shareholders expense including myself.
because the average volume is low and there is 10,000 shares per day ready to be sold by Einhaus after the settlement
Einhaus has sold some. He had to pay his pro bono attorney. I would say the attorney probably got 180,000 shares.
You can go through the court documents and look up his address. You could say he is from a very depressed neighborhood.
well if Einhaus is who he says he is, he will have to liquidate. He needs the money. The longer this doesn't move, the more he will be forced to sell. Once the selling from the settlement is over, then this will have nothing holding it down. I think everyone here can wait a couple years...but can Einhaus?
average volume is 18k...bud
The volume is so low even after news you cannot sell all at once. Besides look at the average volume. 10k per day is more than half. If more than half are sells, this isn't going anywhere.
Yes, but none of us have 475,000 shares to sell, he does.
Its not going to hit $5 per share as long as everyone knows there is a seller that has access to 10% of the shares that can sell every day for months...TIIIIIMMMMMBBBEEERRRR!!!!!!!!
Not until Einhaus is done diluting this stock.
Einhaus got a 475,000 share settlement so the dilution is on.
DILUTION DILUTION DILUTION!!! EINHAUS HAS 475,000 SHARES TO LIQUIDATE!!! STOCK PRICE IS GOING NOWHERE!!!! TIIIIIIMMMMBBBBBEEERRRR!!!!!!!!!!!!!
DILUTION DILUTION DILUTION!!! EINHAUS HAS 475,000 SHARES TO LIQUIDATE!!! STOCK PRICE IS GOING NOWHERE!!!! TIIIIIIMMMMBBBBBEEERRRR!!!!!!!!!!!!!
So if what you are saying is true, you lent Wais $25,000 and in return you got shares that at current value is over $270,000. And all of us share holders should be happy about how this worked out. Good grief, the mafia doesn't charge that kind of interest. Don't worry, it is just free money that the shareholders have to pay for.
Really...I remember those posts. All about Wais' wife, his 2300 square foot home, how the shareholders were paying for his wife to shop. I remember all of those. I have been with TXHD for a while as well. Funny how I remember all the posts from that article...I think we should bring them back just to warn people about this company. I think I will dig them up and repost them for a few weeks. TXHD
We all remember that:
Executives of a California-based company that specializes in helping businesses reach out to customers via text messages sued an investor in Illinois federal court Wednesday, alleging he posted dozens defamatory and libelous comments about the executives in online forums.
Textmunication’s CEO Wais Asefi and Chief Operating Officer David Thielen alleged Illinois resident and investor Lester Einhaus libeled and defamed them on multiple online message boards centered around penny stock investing. Einhaus, who lent $25,000 to Textmunication in September 2015, allegedly began posting the defamatory comments in 2017 after he demanded that the loan obligation be satisfied and demanded an amount of shares of Textmunication “well in excess of what he was entitled to under the terms of the loan,” the complaint said.
“Beginning around 2017, Einhaus began posting numerous messages on various internet message boards under various user names relating to Textmunication,” the complaint said. “In addition to posting false, defamatory and misleading information about Textmunication, Einhaus posted false and defamatory messages and information about Asefi and Thielen. Einhaus also began to harass Asefi via telephone and made numerous threats against him.”
Asefi and Thielen said in their complaint that they sued to hold Einhaus liable for his “defamatory and otherwise tortious conduct” and to prevent him from continuing posting comments about them online and threatening them in the future.
Einhaus allegedly went by three separate usernames in an online forum where traders discussed penny stocks, and between those three accounts, Asefi and Thielen alleged Einhaus posted over 150 libelous and defaming messages about them. Asefi, whom Einhaus refers to mostly by his first name, receives the brunt of Einhaus’ criticism in the messages, along with his wife, Rezwana, whom he repeatedly calls a “gold digger.”
“Wais Asefi is a scam artist and everyone in the Martinez California area knows,” one comment included in the complaint reads. “His wife Rezwana spends the shareholders money as quick as she can get her hands on it. The truth will be uncovered.”
Einhaus’ aliases alleged that Rezwana spent shareholders’ money on getting her nails done, saying she “needs money constantly.” Einhaus also allegedly posted comments taunting the Asefi family, regularly naming the couple’s son Juleon.
“How are the bills paid and payroll met is the magic question,” Einhaus allegedly wrote in June. “Wais needs a lot of money to maintain his life style with wife Rezwana. He also has his oldest son Juleon Asefi on the payroll. Shareholders flipping the bill for family bank.”
On June 20, Einhaus allegedly posted two separate comments suggesting Asefi and Thielen had committed crimes with shareholder money.
“Wais Asefi and David Thielen will be behind bar's soon enough,” one comment said. “They pulled some serious stuff with some share selling on the side to line there [sic] pockets.”
Another comment said simply: “Wais and David your days are numbered. Tick tock tick tock.”
As the summer wore on, the comments eventually transitioned to all caps, and in one such comment in August, Einhaus allegedly accused Asefi of seducing his wife into adultery.
“WAIS LURED MY WIFE AND I INTO LIES,” the comment said. “HE TOOK OUR MONEY AND EVEN THEN HAD AN AFFAIR WITH MY WIFE. REAL SCUM BAG. BAD FOR SHARE HOLDERS AND MANY IN MARTINEZ CAN'T STAND HIM. DOES THAT HELP YOU. SHOWS THE INTEGRITY OF THE CEO.”
The complaint also alleged Einhaus threatened to kill Asefi in June. During a phone call, Einhaus allegedly told a Textmunication adviser, Shelly Singhal, “that he was going to drive to California to kill Asefi,” the complaint said. Einhaus allegedly stated he was not going to fly because “there are records," so he was going to drive, according to the complaint.
The seven-count complaint alleges Einhaus defamed both Asefi and Thielen, plus inflicted intentional emotional distress on them both.
“These false statements are defamatory under Illinois law because they impute that Asefi committed criminal offenses, impute an inability to perform his job for want of integrity in the discharge of duties of office and employment, impute a lack of ability in his profession and business, and falsely accuse Asefi of fornication and adultery,” the complaint said.
The complaint demanded the court enjoin Einhaus from continuing to post comments about Asefi and Thielen, alleging that as long as Einhaus’ messages remain online, the pair will continue to suffer “irreparable injuries.”
Representatives for the parties could not be reached for comment on Wednesday.
Thielen and Asefi are represented by Michael Crane, William Jones and Peter King of Canel King & Jones.
Counsel information for Einhaus could not be determined on Wednesday.
The case is Thielen et al. v. Einhaus, case number 1:18-cv-02421, in the U.S. District Court for the Northern District of Illinois.
Einhaus makes a killing doing toxic funding. He does not sit around on a penny stock board hoping to see something make a move. He will probably make 250k off of a 25k loan. He is now out doing more of this lending.
Einhaus has stated nothing. If you think he has, provide the link.
Just stating fact. I don't know why they did the leak out on the shares. Rip the band aid off and let Einhous dump all he wants and move one. He would be done by now IF he sold 10,000 per day since receiving the first tranche after the settlement. I am sure there is still more. This is going to be a waiting game and it wont' be over until the end of the first quarter.
Looks like another day of Einhaus selling. Not going anywhere for a while. Grab a Snickers.
ANOTHER DOWN DAY COMING!!!!!EINHAUS SHARES DILUTING!!!!!SELLING LIKE CRAZY!!!!! TIIIIIMMMMMBBBBEEEERRR!!!!!!!!!
TXHD IS TANKING!!!EINHAUS IS SELLING!!!! TIMMMMMMBBBEEERRR!!!!
STOCK IS TANKING 25%!!! SHARES FROM TOXIC NOTES BEING SOLD!!!! TIMMMMBBBBEEERR!
On October 12, 2018, Textmunication Holdings, Inc. (“Company”), Wais Asefi, the Company’s CEO, and David Thielen, the Company’s COO, entered into a Settlement Agreement and Release (the “Agreement”) with Lester Einhaus (“Holder”) concerning a $25,000 convertible note issued by the Company to the Holder on September 23, 2015 (the “Note”).
The Holder initiated litigation against the Company on April 27, 2017, in the Circuit Court of Cook County, Illinois, Case No. 2017 L 506, which was later removed to the United States District Court for the Northern District of Illinois, Case No. 17 C 4478 (the “Einhaus Lawsuit”). Messrs. Asefi and Thielen also brought claims against The Holder. The Agreement settled the Note and all claims, and the parties signed an order to dismiss the Einhaus Lawsuit.
The Agreement requires the Company to issue to the Holder 475,000 shares of the Company’s common stock, subject to the condition that the Holder does not own more than 4.99% of the Company’s outstanding shares at any time. As such, the shares will be issued out in tranches, with the first such tranche due within 10 days of signing the Agreement for 198,000 shares. The Holder agreed to a daily leak out of the greater of 10,000 shares or 15% of the trading volume. Finally, the Company agreed to increase the number of shares due to the Holder if additional shares are issued to third parties after six months.
TIIIIMMMMMBBBBBEEERRR
TXHD IS TANKING!!!EINHAUS IS SELLING!!!! TIMMMMMMBBBEEERRR!!!!
DILUTION DILUTION DILUTION, THE EINHAUS SETTLEMENT IS DILUTION FOR TXHD, SELL SELL SELL
VSTR I guess is like textmunication. They have a lot to sell