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NT 10k filed today. Advancements in their legal

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e-ore Member Level  Monday, 03/30/15 11:39:00 PM
Re: e-ore post# 2771
Post # of 2791 
NT 10k filed today. Advancements in their legal battle. There's the possibility that the developments stated in the NT 10k will be positive and remove some serious uncertainties here. Of course it could go the other way too. But soon we'll know. From today's filing:

"The registrant has experienced delays in completing its financial statements for the year ended December 31, 2014, as it is trying to resolve significant subsequent events related to the resolution of pending litigation as of December 31, 2014. Inclusion of the related subsequent events is required to provide full disclosure and contributes to the fair representation of the registrant’s financial statements as of December 31, 2014. As a result, the registrant is delayed in filing its Form 10-K for the year ended December 31, 2014."
(Bold is my emphasis)

From a previous filing:

"This information is provided as an update to the Form 8-K filed by Generation Zero Group, Inc. (the “Company”, “we” and “us”) on December 20, 2013.

As previously disclosed by the Company, effective on December 13, 2013, the Superior Court of Fulton County, Georgia (the “Trial Court”)(File No. 2013CV227180) approved Geronimo Property Trust’s (“Geronimo”) Motion for Summary Judgment and ordered the Company to pay Geronimo $386,950 plus post-judgment interest at the rate of $167 per day.

As previously disclosed by the Company, our shareholders and Note Holders encouraged management to appeal this judgment. On January 10, 2014 we filed an appeal of the judgment with the Court of Appeals of the State of Georgia (the “Appeals Court”).

On September 26, 2014 the Appeals Court remanded the case to the Trial Court for review and subsequent determination.

Effective February 18, 2015, the Trial Court granted the Company’s Motion to Set Aside the Judgment."


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