Call IR for truthful information
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.
Hand it to them. Take it to Twitter and hashtag the news media outlets. Take it to Facebook and elsewhere.
You're getting freaked out at something that you have called a scam? I'm trying to understand your logic. If you think it's a scam, ok. Don't get all worried about it
Look at the volume.
If there is anyone here linked to these people stalling, can we just admit fault and move this into settlement? I want to buy a beach house.
When this case ends, there will be some people here getting margin calls.
I got your pm. I can't pm. Things take time to develop and I think you may be right with what you said. I liked the RMRK/MDCN connection when it happened. Something else could come out of left field, maybe a third company? This is just my opinion.
That's a really cool story. Keep up the good work. Go SECI.
Show proof of stock promotion here. We will all wait while you retrieve the screenshots or emails showing that. Oh another thing, I wouldn't try to craft fake emails as the company could come back at you personally for trying to spread fraudlant info about them unless I am wrong about that.Tick tock. So glad I got in this one. $Seci
If I remember correctly, you had shares and you sold them so you know what was happening here before and now after selling them. Please correct me if I'm wrong.
I would gladly take a forward split as it will make the stock priced better for more people.
What does this have to do with what is going on right now between SECI and the defendants?
I think the defence should throw a hail Mary and bring this up in court and piss the judge off so we can speed this up.
I'm not waiting for an update before the end of the year. I am going about my day knowing that this is in court and the defense is trying to figure out a way to dodge all of the facts in the timeline not to mention how they are going to have to produce mathmatical equations behind the technology.
It's just like school. "You're answer is correct. Now show the class how you got the right answer."
I put myself in their shoes and think what I would want to do if I was a defendant. I would not want to be ripped apart in court with the facts the plaintiffs have. I would lean towards settling with them. I would hope that they would be satisfied with a percentage amount.
These are my thoughts and opinions.
Everything is proceeding in the right direction for Sector 10 and I will only speak for myself in saying that because of their transparency with the case, I can sit and wait while the court handles the whole matter. I have read that there are others here that share this view.
The stands are packed and they are loading the bases. Their lawyers have the roster set up right and will soon swing for the fences.
Corporate Greed. Remember this guy? Dennis Kozlowski.
Somebody knows him here.
Twitter is getting to know Sector 10.
https://en.m.wikipedia.org/wiki/Dennis_Kozlowski
Yeah, he sounds like the geniuses that end up on the World News, White Collar Criminals.
It's going to get really interesting soon.
And that's why you have shares. Makes sense.
I call a position 50 shares. I'd be happy to have my shares receive a 10% return from what was stolen.
Dude, you're on fire today. The reality of things indeed! I feel really good about everything that you and others have presented here. Sector 10 has a good chance of getting justice in this matter. I don't think they will get back all of the money made from the sector that the technology created but I can see with new evidence coming forth, possible treble damages and RICO charges, It would be favorable to the defendants to settle on a percentage of the money made. This is all my opinion. Keep up the good work.
Following birdseyepix now, thank you.
When you go on Twitter, check out #BankofAmerica and @BankofAmerica and you will see tweets from people having issues with them. If these people read Exposed Facades, they would probably retweet it and it might take flight, pun intended.
Maybe these questions should be asked to Bank of America on Twitter with the Exposed Fasades link in the tweet? A lot more people would be able decipher some of these questions and others would learn about what is now happening in court.
#Stockmarket #Stocks #Money @CNBC etc...
I found a really nice short story, let me rephrase that, a not so nice short story that I am going to repost from February on this forum from lowfloatmaster. Enjoy.
Sector 10, Inc., Sector 10 Holdings, Inc., Sector 10 Services USA, Inc., Pericles DeAvila Institute for Humanitarian Studies
?
versus
Dutro Company, William Dutro, Vicki Davis, Lee Allen, Reality Engineering, Inc., John Gargett, Trusys, Inc., Valley Inception, LLC, Incisive Software Corporation, Rhino Med, Bill Bass
and Proximex Corporation (under ADT/Tyco & now Johnson Controls and Apollo Management LLC)
1. History: Sector 10 goes public and prepares product launch
2007: Sector 10 goes public in a reverse merger (see stock exchange agreement).
As part of the stock exchange agreement, the “DeAvila Alatus Foundation” automatically receives 10% of Sector 10 Inc’s equity and profits through the “Pericles DeAvila Institute for Humanitarian Studies, LLC.”
2006-07: Dutro Company approaches Sector 10 to assist with prototype development in hopes of gaining the manufacturing contract.
2007: Sector 10 issues a Manufacturing Agreement to the Dutro Company. Dutro subsequently adds Reality Engineering (a Dutro partner), as well as other Dutro-affiliated parties (see Manufacturing Contract).
2007-08: Reality Engineering CEO Lee Allen (a Dutro relative and Dutro Company employee) contacts Sector 10 to propose a merger or acquisition with Reality Engineering and Red Rover. (Red Rover later becomes Incisive and part of Valley Inception).
Mid-2008: after a thorough review, Sector 10 decides not to pursue any acquisition or merger. No further discussions were maintained.
Mid 2008: Sector 10 works with Dutro Company to develop a manufacturing budget and planning for Sector 10 products; including detailed manufacturing costs, number of units, lead and delivery times, and invoicing to Sector 10.
Lee Allen serves as the Dutro representative in the above budget and planning-related discussions. Lee Allen keeps William (Bill) Dutro and his sister Vicki Davis (Dutro) closely updated. All budget and planning are agreed upon by Dutro Company and subsequently incorporated into Sector 10’s business plan to seek financing/funding.
Mid/Late 2008: Sector 10 actively seeks financing based on the business plan developed in collaboration with Dutro Company. Dutro and affiliates offer short term financing to expand the (already existing) product into the market. Lee Allen again acts as representative for Vicki Davis (Dutro) and Dutro affiliates to review cash flow projections prior to providing any short-term funding. After favorable review, Vicki Davis (Dutro) provides monthly cash flow draws.
Late 2008: Manufacturing problems arise with the Dutro Company. Product delivery is consistently delayed, late, and flawed when received. Numerous manufacturing errors need to be fixed. Invoicing does not comply with the agreed upon manufacturing budget and planning.
2008: Sector 10 meets with representatives from Bank of America (BofA) and San Francisco Fire Department (SFFD) to prepare the 2009 launch of the PLX-3D System in San Francisco. This effort was coordinated by Bank of America's own Fire Marshal Jack McCloskey, who became a formal advisor to Sector 10 in June 2009 (see announcement).
2008: Sector 10 issues a press release to announce the 2009 San Francisco launch. Reality Engineering CEO and Dutro-affiliate Lee Allen re-offers his services.
January 2009: Sector 10 enters into a limited agreement with Reality Engineering—under the direction of Lee Allen—to change the Sector 10's technology 3D User Interface from SolidWorks to Autodesk Revit software, and enhance the PLX-3D technology to prepare for the San Francisco launch in March 2009.
Note: Reality Engineering is retained as a Dutro affiliate and falls under the Manufacturing Agreement, which includes (1) non-disclosure stipulations and (2) clearly states that all manufacturing enhancements are “works for hire” and Sector 10 retains exclusive and sole ownership, right, title and interests (see contract).
The limited engagement is capped at $50,000 and approved by the Sector 10 Board. As part of this engagement, Lee Allen receives further access to the PLX-3D system and other confidential Sector 10 information.
Lee Allen invoices Sector 10 for $180,000 and refuses to provide any record of Reality Engineering’s alleged enhancements to the software.
Sector 10 intellectual property and equipment was NOT returned after the engagement ends.
March 2009: As the Sector 10 product arrives in California, Sector 10 CEO Pericles DeAvila is introduced to Rex Smith and his wife, as well as the owner of manufacturing company Briggs and Stratton (with operations in China). Introductions were made in person by Richard Davis—husband of Vicki Davis (Dutro).
2009: Lee Allen, acting as a Dutro representative, develops new loan documents to provide permanent financing for Sector 10, funded by Dutro affiliates. These new loan documents appear to entice Sector 10 to accept money from the individual IRA funds of William (Bill) Dutro and his sister Vicki Davis (Dutro) to pay back the initial investment that Vicki Davis and Bill Dutro provided as bridge financing at the end of 2008 through March 2009.
Sector 10 recognizes the illegality of this strategy and refuses.
In addition, these loan terms would have transferred control of Sector 10 to Dutro and affiliates. Again, Sector 10 rejects the agreement.
Strangely, despite the above-stated rejections and eventual non-agreement, Lee Allen promotes himself as the COO of Sector 10 and claims he is entitled to executive compensation. These statements were false. Sector 10 formally denies Lee Allen’s status as COO. The non-engagement of Lee Allen is later also confirmed by SEC auditors during the quarterly audits.
Lee Allen contacts Moody Capital—and several other investors already engaged in discussions with Sector 10)—in an apparent attempt to sabotage potential alternative financing resources. Moody Capital replies to Lee Allen with an inflammatory email (read email).
2009: While Sector 10 develops a relationship with Bank of America in San Francisco, Lee Allen and Dutro affiliates interfere with the Bank discussions. Lee Allen declares to Bank of America representatives that the Sector 10 technology is now under full control of Dutro and affiliated parties.
At the time, Sector 10 has no idea of the events taking place in the background.
Naive? Maybe. Hindsight is always 20/20.
2. Discoveries / Technology Theft Migration
Investigations led to the following discoveries:
2006-07: Dutro and Dutro affiliates express interest in Sector 10 technology after being introduced to it by Sector 10 contract-engineer, Colby Haas. (As a Sector 10 contractor, Colby Haas was working under ClearStream.)
Dutro and Dutro affiliates approach Sector 10 to offer their manufacturing services.
Mid-2007: Sector 10 goes public through a reverse merger.
2007-08: Failed merger/acquisition attempt by Reality Engineering/Red Rover, orchestrated by Lee Allen.
Dutro manufacturing engineer (and witness) Lane Davis discloses that following this failed merger/acquisition attempt—and before the January 2009 enhancement agreement was in place—Reality Engineering spent two years moving equipment and proprietary information, unauthorized, from the Dutro manufacturing plant in Logan, Utah to:
(1) Reality Engineering offices in Camas, Washington
(2) Members affiliated with the Technology Engineering Department at Oregon State University in Portland, Oregon, and school honor affiliate Rex Smith.
(3) Proximex, a video server company in Silicon Valley led by CEO Jack Smith
Jack Smith is the cofounder of Hotmail and the son of Rex Smith
Jack Smith is part of Valley Inception Inc (2008, Delaware) and Valley Inception LLC (2009, California)
Jack Smith is an associate of tech analyst David Bunzel
In 2008, David Bunzel founds PSIA (Physical Security Interoperability Alliance) which leaks Sector 10 proprietary information as an open source tool to the market (see document).
Note: PSIA served as the perfect umbrella to give the ILLUSION of an open source tool. Evidence shows that PSIA carefully selected the shared/leaked information to shift an entire market, while parties behind the scene worked vigorously on rewriting the original copy under the expert guidance of Silicon Valley patent lawyer Raj Abhyanker.
The leaks were carefully orchestrated to hide the core technology and its theft, while presenting it as a wide-spread market shift.
Armed with years of Sector 10 research, trade secrets and extensive data, Dutro affiliates—later joined by John Gargett (now with Trusys)—move to create and lead PSIM Systems and related operating standards.
3. Law Suits
2010: Logan, Utah: Sector 10 is buried under an avalanche of lawsuits to distract, and eliminate the company.
2010: Logan, Utah: Sector 10 discovers that one of the assigned judges in Logan, Utah—Judge Allen—is a related party to the Dutro family. Sector 10’s legal counsel Fabian & Clendenin, advise Sector 10 to file a law suit in Salt Lake City to argue venue and transfer all lawsuits to Salt Lake County.
2011: Salt Lake City, Utah: Sector 10 becomes the plaintiff on record: all related claims are consolidated into a single Salt Lake County lawsuit filed by Sector 10. Full consolidation finalizes in 2012: Case No. 119907606, Salt Lake City County, State of Utah
2011: San Francisco: Berg & Androphy, a Texas legal firm, hears about Sector 10’s case and decides to get involved. They file a case against Bank of America in San Francisco, claiming damages on behalf of Sector 10 (effectively leaving Bank of America out of the Utah case). This San Francisco case was followed through by the firm Kennedy & Berg (NY), son of the elder Berg (from Berg & Androphy).
2012: San Francisco: Bank of America fires all employees and contractors that took part in Sector 10 product demonstrations and related interactions; including vice-president Jason Meyers.
Bank of America denies during court proceedings that their own Fire Marshal Jack McCloskey (who coordinated the BofA discussions with Sector 10 to help launch San Francisco as the first city to implement the PLX3D system) was never even an employee. When McCloskey brought his badge and paychecks to a deposition, that lie was quickly exposed.
2013: Salt Lake City, Utah: Sector 10 law firm Dalton & Kelly, introduce Sector 10 to an additional law firm: Eisenberg & Gilchrist. Together they convince Sector 10 to move the case forward on a contingency basis.
2013: Salt Lake City, Utah: Sector 10 enters a contract with Eisenberg & Gilchrist to expand the claims in the Utah case.
Early 2015: Salt Lake City, Utah: Eisenberg & Gilchrist and Dalton & Kelly, lawyers for Sector 10 (plaintiff), abruptly abandon the lawsuit, leaving it in shambles.
One day before abandoning the case, the exiting Sector 10 lawyers remove several key Dutro affiliates from the lawsuit (with prejudice), including John Gargett and Trusys. This move was NOT authorized by Sector 10.
Moreover, court records show that defendants Dutro and Dutro affiliates file a motion requesting Sector 10 to appoint new council, before Eisenberg & Gilchrist and Dalton & Kelly had even removed themselves from the case ...
Note: In 2016, it was discovered that Eisenberg & Gilchrist and Dalton & Kelly, both lawyers for Sector 10 (plaintiff), may have had direct dealings with defendants.
2015: San Francisco: The San Francisco case against Bank of America was lost in appeal. The 3-judge panel found that Bank of America had caused insufficient damages to support Sector 10’s claim.
2015: Sector 10 CEO Pericles DeAvila is informed that Kennedy & Berg lawyers in New York receive several calls, threatening them in relation to their involvement in the Bank of America case. After the case was lost, Pericles receives an email from Kennedy and Berg warning him to be cautious …
The outline below is a broad summary of the events that occurred among the parties. There are many additional details and documents to support the topics, some are linked. Please review and contact us with questions or requests for additional information
2009: The Gage Group (Virginia) agrees to coordinate funding to deploy the PLX-3D technology as a security integrated first responder system across five cities, with a foreseen expansion to 20 cities later on, including federal facilities.
Again, Dutro and Dutro affiliates interfere and prevent the execution of the Gage Group partnership.
Proximex later pursues a partnership with SAIC (Science Application International Corporation) to deploy the technology into federal and state facilities. Sector 10 already had a relationship with SAIC since 2002/03.
March 2009: Dutro, Dutro affiliates, and Sector 10 cannot come to an agreement with respect to permanent financing. All funding stops at the end of March 2009.
Dutro requests full reimbursement of payments made and single-handedly quadruples the price to continue the manufacturing process. This further delays production/deliveries.
2009: Sector 10 auditors perform an inventory review at the Dutro manufacturing facility. They discover that Dutro is manufacturing a line of products very similar to Sector 10 products, but presented under different company names (list see lawsuit). Those different companies were all owned by Dutro Company and/or Dutro affiliates.
Lee Allen contacts auditors directly and demands he is included in the report as a Sector 10 officer. Without any validity to the demand, auditors refuse.
2009: Dutro Company and Reality Engineering restructure their corporations and disburse assets. These moves protect those assets in case of litigation involving Sector 10, and diffuse a clear trace of Sector 10’s intellectual property.
2009: Sector 10 Board Member and employee John Gargett puts himself forward to negotiate a settlement with the Dutros regarding financing already provided, as well as continued manufacturing costs.
In August 2009, a new agreement is signed by Sector 10, Vicki Davis (Dutro), William (Bill) Dutro and Dutro Company/Reality Engineering, resolving all disputed funds.
An identical yet separate agreement was drafted for Lee Allen, which he rejected.
August 2009: John Gargett resigns from Sector 10 immediately after the above agreements were finalized. He states he has limited time to devote to the matter, yet offers to remain available through the end of 2009 should any issues arise.
2009: In accordance with the terms of the manufacturing agreement, Sector 10 requests the return of all documentation, intellectual property, software/enhancements, and equipment used for the engineering, software development and manufacturing processes related to Sector 10 products. After numerous formal requests, Dutro and Reality Engineering refuse to provide any new information, nor return relevant assets.
2009: Sector 10 formally notifies Dutro Company that they are in breach of the Manufacturing Agreement. Sector 10 issues a cease and desist for the unauthorized use of Sector 10 products.
All manufacturing activity with the Dutro Company and Dutro affiliates ends at this time.
Sector 10 repeatedly requests the return of all manufacturing data, tooling and inventory. No manufacturing data or tooling was ever returned. Some inventory was returned, all damaged and unusable.
March 2009: Sector 10 opens a demo site in San Jose, California in preparation for the San Francisco launch. The demo site receives visits from Rex Smith, representatives from Bay Alarm, and the owner of Briggs & Stratton; all as guests of Richard and Vicky Davis (Dutro).
2009: In San Francisco, Bank of America employees meet with Lee Allen (Reality Engineering). Lee Allen discloses to Bank of America that he (and associates) have taken control over the Sector 10 technology.
Jason Myers, a Bank of America vice-president, notifies Sector 10 of the claims made by Lee Allen. During his Bank of America deposition, Myers proceeds to confirm the Lee Allen claims on record.
Fall 2009: Unauthorized and unbeknownst to Sector 10, John Gargett appears before a congressional hearing on behalf of Dutro and Dutro Affiliates, to gather support to expand the technology into European markets through The Netherlands.
2009: While still under contract with Sector 10, John Gargett joins Trusys. Trusys uses Sector 10 technology know-how to promote PSIA’s agenda to advance the PLX-3D system abroad. Trusys is supposedly funded by Dutro and/or Dutro affiliates.
End of 2009 – early 2010: Sector 10 becomes aware that something much larger than a manufacturing dispute has occurred.
May 2010: For a gross monthly fee of $72,917, TYCO enters into a consulting agreement with Robert B. Allen that leads to the acquisition of Brinks Home Security Holdings (BHS) - see SEC form 8K .
Early 2010: Sector 10 CEO Pericles DeAvila calls John Gargett to order. John Gargett is unforthcoming. Soon after this conversation, Sector 10 is served with numerous different lawsuits, all within a matter of weeks. (see section lawsuits)
Plaintiffs for the separate cases include Dutro Company, Lee Allen, Reality Engineering and a “Mr. Johnson.”
2011: Sector 10, and Pericles personally, spend all their time, money and energy defending themselves, and attempt to control the massive damage created by these and subsequent law suits.
2011: Sector 10 successfully moves the lawsuits from Logan to Salt Lake City (see section lawsuits).
Spring 2011: ADT/Tyco acquires Proximex.
Fall 2011/12: Ljiljana Minwalla, an IP attorney in New York, confirms that ADT/Tyco has a very similar technology as that of Sector 10 and did not develop it themselves. She also confirms that ADT/Tyco obtained the technology through the acquisition of Proximex.
2012: Sector 10 lawyers contact ADT/Tyco through Bank of America counsel and inform ADT that they are in possession of, and selling stolen intellectual property (read letter here). Sector 10 advises them to be cautious as they prepare to split ADT and Tyco into separate public companies based on this technology.
Summer 2012: Sector 10 receives proof that the split of Tyco and ADT is being fully supported and underwritten by Bank of America’s subsidiary Merrill Lynch.
2012: Tyco moves its headquarters from Bermuda to Switzerland.
2012/13: A trail through online publications, LinkedIn profiles, and general social media channels, shows the theft nucleus originating in Portland, Oregon, and the PLX-3D system broken up into at least nine (9) different companies incorporated over six (6) different states:
Dutro family and affiliates, Logan, Utah
Juniper Systems, Utah
Rhino Med, Utah
Reality Engineering, Washington/Oregon/Nevada/Delaware
Miller Consulting, Oregon
Trusys, Washington (Seattle)
Red Rover / Incisive, Oregon (Portland)
Valley Inception, Delaware / California (San Jose, Santana Row)
Proximex, Delaware / California (San Jose, Santana Row)
All of the above companies involve Dutro and Dutro affiliates. Parties are related to each other as family (90%) or long-standing friendships, including at Bay Alarm, ADT and Tyco.
2009-11: Now that the technology is leaked and broken up into different parts, Raj Abhyanker (www.rajpatent.com), a Silicon Valley patent lawyer, rewrites the technology so the original patent and IP can be altered and transferred to (and through) the various involved parties.
Note: in order to circumvent the patent process (which would bring patent infringement to light), Raj Abhyanker—on behalf of Dutro and Dutro affiliates—files for copyrights (rather than patents) on all of the Sector 10 technology and related products.
2015: San Francisco: Further investigation discovers that it was not Bank of America but its subsidiary Merrill Lynch that had been an active participant in promoting the acquisition of Sector 10’s stolen technology, and in the financing of the largest market cap increase in the history of ADT/Tyco. This information came too late to be brought into the San Francisco case.
December 2015: Salt Lake City, Utah: Sector 10 CEO Pericles DeAvila is pressured to come and immediately retrieve all evidence related to the Sector 10 lawsuits from the Eisenberg & Gilchrist law firm. Sector 10 refuses as that would result in a tainting of the evidence and evidence trail.
Early 2015 – April 2016: The Sector 10 lawsuits against Dutro and Dutro affiliates involved in the theft are dormant but still pending. Sector 10 has no formal legal representation during this time.
April 2016: Salt Lake City, Utah: Sector 10 (plaintiff) engages attorneys Bennett, Tueller, Johnson & Deere.
April – May 2016: Salt Lake City, Utah: Dutro and Dutro affiliates (defendants) file a motion to dismiss the case, claiming Sector 10 (plaintiff) has no legal representation, nor actively pursues claims.
The court finds that Sector 10 (plaintiff) lawyers had improperly managed the case before abruptly abandoning. Therefore, the court grants dismissal without prejudice and informs Sector 10 CEO Pericles DeAvila he has one year to refile the case, preserving all claims.
June 2016: Salt Lake City, Utah: Counsel for Dutro and Dutro affiliates (defendants) return to court to ask to reverse its order to dismiss without prejudice, and move the case forward as is. Court agrees but requests the case move forward in a more timely manner.
Note: it is unfortunate the court allowed the case to move forward as is. A refiling would have allowed Sector 10 to bring back John Gargett, Trusys, and other key defendants.
August–September 2016: Sector 10’s legal counsel issue three dozen subpoenas.
Dutro and Affiliates (defendants) and their own counsel contact all subpoena recipients and inform them that no action is required on their part, and subsequently advise them to not provide any requested information.
Note: At the exact same, the merger of Tyco by Johnson Controls is finalized (September 2016 press release).
Note: ADT is acquired by Apollo Global Management LLC in Spring 2016 (see article)
Note: Dutro affiliate Reality Engineering appears to be reborn as Reality Engineering Solutions, Summer 2016
Note: Valley Inception's website is down and the company is listed as defunct on Zoom Info.
November 2016: Salt Lake City, Utah: Counsel for Sector 10 (plaintiff) Bennett, Tueller, Johnson & Deere withdraw from the case and file the required motion "staying the case,” putting the case temporarily on hold for 20 days as to allow new counsel to step in.
During the transition of legal representation, scheduled depositions are canceled.
Defendants use this opportunity to file yet another request for dismissal with prejudice, openly asking the court to bend the rules in their favor.
Sector 10’s CFO Larry Madison writes a letter to the court stating that Sector 10 followed court rules and that the exit of Bennett, Tueller, Johnson & Johnson was properly filed and new counsel had been secured on contingency to move the case forward.
In addition, Sector 10 pleads to the court to reject the continuous dismissal requests by defendants and help the case move to a speedy trial after now 8 years.
November-December 2016: Sector 10 engages Salt Lake City based Pia Anderson Moss Hoyt as their new legal counsel.
December 2016: Sector 10 proposes immediate depositions of Sector 10 executives. Defendants do not respond. Depositions were later scheduled for March 2017.
February 2017: Court rejects the defendant’s latest request for dismissal. A revised Case Management Order (CMO) is filed with the Court.
March 2016: Salt Lake City, Utah: Sector 10 executives are deposed by the defendants' attorneys.
April 2017 – June 2017: Sector 10’s counsel prepares for the defendants’ depositions to be scheduled at a date later this year.
June 2017: Sector 10 is informed that defendants Dutro and Dutro affiliates intend to file yet another request for dismissal, which would effectively stall the case for months … if not years.
October 2017: Whistleblowers uncover new evidence on how the defendants strategized to monetize and globalize the stolen technology.
November 2017: Defendants Dutro and Dutro affiliates' failure to meet case filing deadlines now places the case on a fast track for trial. Sector 10 files a motion to lift the block that was placed on their discovery which left nearly 60 subpoenas unanswered.
November - December 2017: Defendants file for an extension on their case filing deadline, after Sector 10 requests the court’s permission to move forward with their own discovery and lift the hold on the nearly 60 unanswered subpoenas.
December 2017: A lead serves up hundreds of new documents, unveiling the timely creation of a web of entities—and the people behind them—used to mask the Sector 10 technology theft and related activities.
Evidence also highlights a strong possibility that then ADT/TYCO was already fully aware the technology would be delivered to them through/after a well-crafted laundry operation.
As of this week, just in time for the Holidays, this new evidence is in the hands of our attorneys, as well as several State and Federal agencies.
To summarize, evidence shows a publicly traded company (Sector 10) was defrauded and its technology illegally laundered before passing it on to another publicly traded company, then ADT/TYCO. All parties involved accumulated wealth, while thousands of Sector 10 investors lost everything, and yet others invested in the lie.
January 2018: The Court has not made a ruling with regard to the deadline extension for defendants.
January 2018: The Court has not made a ruling to allow Sector 10 to proceed with its discovery.
February 2018: Sector 10 is informed by the Court that all defendants filed for Summary Judgement, in a final attempt to have the case dismissed, claiming "futile litigation" (see filing screenshot below).
2008-09: Evidence shows that with the support of Jack's father Rex Smith, Valley Inception and Incisive (lead by Jack Smith's Hotmail colleague Richard Burright) spring into operation, effectively changing the direction of Proximex from a video server business to being the self-proclaimed leader in the PSIM market after integrating Sector 10 technology.
This filing was made arbitrarily as the judge has not made a ruling to extend the defendant’s missed November deadline. As of February 8, 2018 - the ruling allowing or denying the filing of a Summary Judgement after missing the deadline is still not made.
Note: Defendants file Summary Judgement after finishing their discovery phase, but BEFORE Sector 10 is allowed to continue their own discovery. This makes the following excerpt from their own filing an interesting one (see screenshot below).
How can the judge follow the law or prevent a “harsh” move when Sector 10 is not given access to legal discovery channels …?
Defendants are still blocking the release of subpoenas and made a rogue move to prevent Sector 10 from bringing its newfound evidence to the table.
February 2018: Sector 10 is still waiting on the judge to lift the hold on subpoenas so Sector 10 can proceed with its own discovery phase.
This is the 9th year of litigation and defendants still do everything they can to block Sector 10 from obtaining legal discovery through the courts, while Sector 10 investigators recently uncovered the parties, entities created and/or restructured, as well as clear evidence of a massive coverup.
Uhhhhh..... That's why they are in court to convey both sides of the story?
Wow, I hope they come up with a good story. They will need one.
Provide the other side of the story you speak of.
Yes. No. Maybe?
Exactly, I remember reading it. Some people can't read.
Yes. Maybe. I don't know.
There IS a significant short position here.
So why did Bank of America fire those employees? I can wait for an answer until it's brought up in court.
Sector 10 had their property stolen from them. This is what the lawsuit IS about.
No, it's because they were most likely bought off. Weee
I am not going to sell mine.
See post 13626
pepeoil says he has plenty for sale.
"How many do you want and how much will you pay? I have plenty since there is no legitimate market for them."
Oh good. Well that's good. Aww man... I hope you figure it out.
So you have plenty of what? Shares?
Do we have any court updates yet?
Everybody wants to eat the bread but nobody wants to grind the grain.
It's comical to see all of the positive posts from people who were calling Ken "a Moron".
If in fact this is true, what does it have to do with the case?
I'll answer that for you. It doesn't have anything to do with it.
Ooh, artistic proof.
You forgot Logos, which uses facts and evidence to convince a reader or listener of the strength of your argument.
Sector 10 possesses Logos which is why they have gone to discovery.
and
Ethos (sometimes called an appeal to ethics), then, is used as a means of convincing an audience via the authority or credibility of the persuader, be it a notable or experienced figure in the field or even a popular celebrity.
The CEO has Ethos and you will soon see how expertise and facts play out in this divine comedy!!!!
Lol, that's hilarious.
You smell that? That's shorts getting burned. Smells like, uh... It smells like victory.
There is a boat load of people here waiting and watching to see what happens next. They can't be bothered with the daily noise. You can't blame them.
I put in an order for 1.50 around 11:15 and the bid jumped from 1.47 to 1.51, lol
I'm in over 30$ and I tried for some shares yesterday but missed out. I'll try for 100 more tomorrow. I'm looking forward to this playing out.