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Slander? Any links?
Thanks for the laugh.
Yes - from reading the court documents - the lawsuit has nothing to do with stock price. It has to do with owners, directors and employees stealing and using confidential information in a scheme orchestrated and funded by Nick. Read the documents and see the timeline - these people did these things WHILE THEY WERE STILL DIRECTORS, EMPLOYEES AND OWNERS of PhytaLab. You are not legally allowed to do it. That's why this lawsuit is so damming - it isn't whining about stock price, it is about theft of corp documents/info, breaches of fiduciary duties, and breaches of contract. As well as Nick's involvement in the whole deal. Mark my words - he is a shady person in over their head. You simply do not leave a paper trail like they have and expect to get away with it.
One interesting tidbit, James Baxter who is married to Hilty (former PhytaLab CFO) is a convicted felon - money laundering. He was the one conspiring with Brusatore and putting the scheme together with Brusatore to sabotage PhytaLab and steal the IP. It reads like a crime novel. If Hilty or Leary are blonde babes - I'm buying the movie rights.
Again - I'm astounded how stupid people are - they said these things and outlined the scheme in emails.
Lawsuit documents - I've gotten my hands on them. Can download from this anonymous Dropbox account:
https://www.dropbox.com/l/AKyMhYj1fScW6ofqZ7KtZr
The complaint and exhibits lay out a pretty damning picture. The TRO motion explains what Abattis is seeking: basically they are asking the court for an injunction to keep the former employees from using the stolen info and to return the info. So, the immediate goal is very narrow and very focused. Look at the evidence and attached emails - extremely damning. Email is neither secure nor foolproof people. Ugh.
Next summer would be too late - they asked for an emergency order from the court to stop the ex-employees from using the information. Once it's been used or out there, you can't put genie in bottle. They had to act quickly or not act at all. I've got a copy of the complaint but don't know how to upload it anonymously some place. It is a fascinating read - extremely well documented. It's like air tight - with smoking gun emails about what the idiots were doing - while they were owners and directors in the company. Very bad stuff.
Is the company just supposed to allow people to steal and use its trade secrets it paid for and spent money to develop? Wow - maybe we should allow people to come in and take the corp photocopier too.... I want them to fight and protect what is theirs... Otherwise, what's the point?
Ha... You may want to read the complaint and the emails attached. You just may want to change that tune. In my opinion of course.
Look at time release was made - during trading day. Happened 30 mins after lawsuit was filed. It wasn't dumped after hours.
Oh brother - a bunch of greedy 30-something's get too big for britches and do something stupid. The lawsuit is focused on stopping them from using stolen info - and you spin that as Abattis' fault? I guess ISIL is Abattis' fault too? Oh vey!
Sure - except there is a common thread, sir. Read the complaint. When the judge issues the restraining order next week - we will see who has last laugh.
Those emails - and the timing. Screwing over the company you are a shareholder in and a director/manager. That is simply stupid - can't even be smart crooks.
Did you actually read the complaint and attached emails where they ADMIT they were taking and using the material? You might want to do so before making any other comments.
I wonder how much stock Nicky will drop Monday morning?
Ding ding ding. You don't file frivolous lawsuits in US federal court - especially these types of lawsuits in this court in Seattle where the judges are experts in digital and tech stuff. It is the home court of Microsoft, Amazon and all the other big tech companies. This wasn't filed in some dinky little town or state court. This is a federal lawsuit.
I heard that they found out that one of the folks has a felony conviction for money laundering. This is going to be good - about time Abattis punched back hard.
Sure... You may want to read the facts in the complaint, they know exactly who did what according to my source. It reads like a true crime novel.
Might have spoken a bit too soon ... can you say fiduciary duty?
Abattis is suing Affinor - holy cripes it looks like a ball buster of a case. Anyone have access to the court filings?
http://www.thenewswire.ca/archives?tnwarchive2=release_id%3D13671
What patents? VDL does not own any patents.
Approximately 5,000 worth of sales made the market cap drop 600,000 - people are crazy greedy bastards.
Already chatted with him - email was hacked.
Oh brother - how many LOIs can you announce that never materialize?
Sounds secretive.
On that last point, we can agree.
Ahh Neesh - good try, but Abattis isn't under MMAR - their subsidiary that owns 25% of Experion is, however. So - you made a serious accusation without any correct factual underpinnings. Would you like to try again?
Abattis has no debt - verifiable and true from reg filings. Again with the debt? I thought we all agreed that operating loss carry forwards don't count as debt in any accounting system? If you are going to state inaccurate viewpoints as facts - please indicate that it is an opinion and not something that is independently true.
Name one PR that is an outright lie provable with verified facts. You can't.
Affinor's "new" technology ... Ha ha ha ha ha ha...
You do realize that California's economy is better than Texas' correct? You may want to update your right wing talking points.
I'm hearing interesting good things re: Purgenesis and Quebec facility. Anyone have access to legal filings in Quebec to see what's up there?
Guys - it's all vapor ware and BS. Follow the patent trail - he is stuck and realizes he can't grow and sell MJ using vertical technology because he's already sold it many times over. If he said the sun rises in the west - would you believe it just because Nick said it??
Nope - black out has to do with buying/selling shares. Insiders are still in black out period and are not allowed to buy/sell on the open market.
Or that means no one bought what people were selling.
Two weeks to report my friends - assuming he has any intention to follow the law. LOL
My info is that the blackout has all the insiders locked down buy/sell pending potential positive developments. The policy was adopted at the last AGM in June or so. Another transparency item.
Gotcha - I always forget to watch the Canadian side of things.
Those folks are going to be killed. Anyone who asks a couple of questions gets crucified. He's a charlatan who has sold the same things over and over and the retail investors he has conned don't understand the first thing about watching the insiders etc. if he keeps selling - the price is going to crash although the measly 5-6000 shares a day that are sold on average is not a huge ringing endorsement re liquidity.
When your CEO is dumping shares as the price is dropping... Gotta wonder.
I still want to know - what IP? Has anyone actually asked Nick to spell out what IP he is talking about? serial numbers of applications, issued patents? I'll let you in on a secret - there are none.
Word is that the insiders are in a black out period - no buying allowed on open market. Makes you wonder...
You should read the comments and understand a bit about patents. Nick is being boxed in...