Thursday, October 02, 2014 7:58:47 PM
Another attorney who wasn't paid...let's see that make eight or nine now. Remember, this is both a personal suit against Peter Villiotis and PV Enterprises for $200,000. Plaintiff has petitioned court for no trial and a summary judgment. It will probably be granted.
If this is approved, Company and Peter (personally)will be on the lamb for near a half million dollars. Three judgments and creditors can petition for involuntary bankruptcy. There are three judgement creditors now ready to do it.
Creditors have also read article about $50,000 and are discussing how they can seize this asset since they have judgments.
It is not going to be pretty...don't get holding the bag.
Also remember that Peter needed to pay the Larry Sazant judgment by the end of last month. Anyone want to bet that Peter defaulted on the $200,000 that is ordered by the court to be paid to Larry?
Peter's preferred shares are now at jeopardy IMO. Let's see, if I recall correctly the preferred shares can be converted to common shares to the turn of market value $8,000,000 USD. That translates to an additional shares Peter may convert to 80 billion additional shares. Anyone going to say a REVERSE SPLIT is the only possiblity.
It is so sad that one corrupt man can control the Company in such an underhanded way.
No Annual Financials have been filed yet also.
If you go to the realitime OTC markets, http://www.otcmarkets.com/stock/PVEC/quote
You will notice that stock is a "Yield"and will shortly be a "Stop" for non-filing. In it currently Limited Pink. Also notice the Accounting and Auditing firms are completely misrepresented. The Clearwater firm has not been associated with the Company for three years now.
Be careful, be very very careful.
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