Tonner One World Holdings Inc (TONR)

[Voices of Reason]

Update on LG Capital vs. OWOO and management's efforts to protect shareholders:

REPORT AND RECOMMENDATIONS re 16 MOTION for Default Judgment filed by LG Capital Funding, LLC. For the reasons set forth in the attached document, I respectfully recommend that the court deny the plaintiff's motion for contempt sanctions, grant its motion for default judgment with respect to the first cause of action, dismiss the remaining causes of action, and enter judgment against the defendant in the total amount of $296,085.72 (consisting of $284,500.97 in damages; $11,184.75 in reasonable attorneys' fees; and $400 in costs). I respectfully direct the plaintiff to serve a copy of the attached Report and Recommendation on the defendant by certified mail, and to file proof of service no later than August 10, 2015. Any objections to this Report and Recommendation must be filed no later than August 24, 2015. Failure to file objections within this period designating the particular issues to be reviewed waives the right to appeal the district court's order. Ordered by Magistrate Judge James Orenstein on 8/6/2015

Update on Gel Properties, LLC v. One World Holdings, Inc.:
STIPULATION AND AGREEMENT OF SETTLEMENT: Plaintiff, Gel Properties, LLC (GEP or Plaintiff) and Defendant, One World Holdings, Inc. (OWOO or Defendant) hereby enter into this Stipulation and Agreement of Settlement (the "Settlement Agreement"), subject to the approval of the District Court. IT IS HEREBY STIPULATED AND AGREED: 1. OWOO agrees and shall pay to GEP the sum of $98,000.00 in three separate payments and subject to adjustments pursuant to the terms of this Settlement Agreement (the "Payments"), as follows: a. OWOO shall pay GEP the first Payment of $20,000.00 on or before May 21, 2015; b. OWOO shall pay GEP the second Payment of $45,000.00 on or before July 2, 2015; c. OWOO shall pay GEP the third Payment of $33,000.00 on or before August 13, 2015, and the following as further set forth herein. The Parties agree that Judge Lorna G. Schofield of the Southern District of New York maintains jurisdiction of this matter, including this Settlement Agreement. (Signed by Judge Lorna G. Schofield on 5/6/2015)