Wednesday, November 18, 2015 1:02:47 AM
Referring to the file, the minimum requirements to "legally" establish a "debt" and to "legally" establish a 'legally enforceable loan" there are minimum standards that have to be met, which DO NOT exist in favor of the boot boys. First, a "promissory note" that clearly defines the terms and conditions one party is to pay another party a define sum of money on demand or either a date or series of dates. It also has to establish the amount due, interest rate and maturity date. If there are assets used to secure the loan, it also has to be specified.
There is also a legal connection required in process to demonstrate the money was provided for the intended purpose.
I can say the legal minimums do not exist and even though asked for and yet to be provided, the boot boys have zero case to support their claims.
At best their claim will be dismissed.
You are right in assuming the court may look at this as a gift. It's certainly not a loan by any legal standard.
I'm also buying more shares and with my own DD on the Ifus case complete, I'm going to buy a lot more.
ZenaTech, Inc. (NASDAQ: ZENA) Launchs IQ Nano Drone for Commercial Indoor Use • HALO • Oct 10, 2024 8:09 AM
CBD Life Sciences Inc. (CBDL) Targets Alibaba as the Next Retail Giant for Wholesale Expansion of Top-Selling CBD Products • CBDL • Oct 10, 2024 8:00 AM
Foremost Lithium Announces Option Agreement with Denison on 10 Uranium Projects Spanning over 330,000 Acres in the Athabasca Basin, Saskatchewan • FAT • Oct 10, 2024 5:51 AM
Element79 Gold Corp. Reports Significant Progress in Community Relations and Development Efforts in Chachas, Peru • ELEM • Oct 9, 2024 10:30 AM
Unitronix Corp Launches Share Buyback Initiative • UTRX • Oct 9, 2024 9:10 AM
BASANITE INDUSTRIES, LLC RECEIVES U.S. PATENT FOR ITS BASAFLEX™ BASALT FIBER COMPOSITE REBAR AND METHOD OF MANUFACTURING • BASA • Oct 9, 2024 7:30 AM