Tonner One World Holdings Inc (TONR)

[Voices of Reason]

The lender situation sampa is referring to are the two pending lawsuits in New York State against One World Holdings. It has been rumored/reported on this forum that these suits have been settled, but according to the website they are still pending/active:
https://iapps.courts.state.ny.us/nyscef/CaseSearch?TAB=name
(search under "Name" for "One World Holdings" for the Business/Organization

The two financiers sued OWOO for breach of contract - namely not paying them the shares they are due under the terms of the conversion. OWOO has not filed a response that is recorded, but stated in their last financials they intended to do so and further admitted they were delinquent on a number of notes.

These two suits do not include the pending Alief School District tax evasion suit against Trent and Sarah Daniel, and Elizabeth Melton - pretrial conference is set for May 15 in 133rd (Harris County) District Court: http://www.hcdistrictclerk.com/eDocs/Public/Search.aspx?Tab=tabCivil (search Daniel, Trent).

The $16 million debt number being thrown around is more accurately the accumulated deficit: http://investorshub.advfn.com/boards/read_msg.aspx?message_id=109158000

Regarding deficits, as of 3rd quarter, their immediate needs showed they were $5.4 million in the hole to cover working capital needs - this was the immediate cash needed to fund ongoing operations, sales, G&A, promotional activities, interest expense, etc....