TransGlobal Assets Inc (TMSH)

[HighPriestess]

Sigh....

That would be incorrect. See below. Items in bold are what is important to note.

Mr Conte was awarded a Judgment: 11/10/2015, Docketed: 11/18/2015
Total Judgment: $348,544.91 for a total of $348,544.91 which means he now basically owns the company.

https://www.clarkcountycourts.us/Anonymous/CaseDetail.aspx?CaseID=11085298

Register of Actions
Case No. A-13-685696-C
Frederick Conte, Plaintiff(s) vs. Transglobal Assets Inc, Defendant(s) §

Case Type: Breach of Contract
Subtype: Commercial Instrument
Date Filed: 07/23/2013
Location: Department 28
Cross-Reference Case Number: A685696
Party Information
Lead Attorneys


Defendant Transglobal Assets Inc Formerly Known As Time Share Holdings Inc Ryan J. Works
Retained
7028734100(W)

Plaintiff Conte, Frederick Nikolas Lamont Mastrangelo
Retained
7023845770(W)
Events & Orders of the Court

DISPOSITIONS
06/12/2015
Order of Dismissal With Prejudice (Judicial Officer: Israel, Ronald J.)
Debtors: Frederick Conte (Plaintiff)
Creditors: Kent A Strickler (Defendant), Douglas R Johnson (Defendant)
Judgment: 06/12/2015, Docketed: 06/19/2015
10/20/2015
Order (Judicial Officer: Israel, Ronald J.)
Debtors: Transglobal Assets Inc (Defendant)
Creditors: Frederick Conte (Plaintiff)
Judgment: 10/20/2015, Docketed: 10/28/2015
Total Judgment: $348,544.91
11/10/2015

Judgment Plus Legal Interest (Judicial Officer: Israel, Ronald J.)
Debtors: Transglobal Assets Inc (Defendant)
Creditors: Frederick Conte (Plaintiff)
Judgment: 11/10/2015, Docketed: 11/18/2015
Total Judgment: $348,544.91

OTHER EVENTS AND HEARINGS


08/03/2015 Trial Memorandum
Transglobal Assets, Inc.'s Post-Trial Brief
08/04/2015 Errata
Errata to Transglobal Assets, Inc.'s Post-Trial Brief
08/19/2015 Decision (3:00 AM) (Judicial Officer Israel, Ronald J.)
Decision Re: Bench Trial 07/20/15

Minutes -

08/19/2015 Decision (3:00 AM) (Judicial Officer Israel, Ronald J.)
Decision Re: Bench Trial 07/20/15

Minutes
08/19/2015 3:00 AM
- Regarding the first promissory note, even though this Court may interpret the contract against the party who wrote it regarding ambiguities, the Contract is clear on its face that the note value is $323,504.91. If there is an ambiguity, it is regarding the default interest which is 808,862 shares. As to the second note for $25,000.00, Plaintiff testified he entered into a Promissory Note in the amount of $25,000.00 which was unrefuted by the defense. The Defendant argued that there was no consideration, however, since the Defendant drafted the note (which makes no sense) it must be interpreted against the drafter. Since the shares are reserved and can't be transferred, they have no value and can't pay off any debt. Plaintiff's uncontroverted testimony was the consideration was his payment of $25,000.00 to the third party on behalf of the company. Since it is unrefuted, Defendant owes the $25,000.00. Plaintiff is awarded $25,000.00 plus interest from the time of the filing of the lawsuit regarding the second promissory note. Plaintiff to prepare Findings of Fact and Conclusions of Law commensurate with this Decision and pass it by opposing counsel. CLERK'S NOTE: A copy of this minute order was placed in the attorney folder(s) of: Ryan Works, Esq. (McDonald Carano Wilson) and Nikolas Mastrangelo, Esq.

Result: Decision Made
09/14/2015 Transcript of Proceedings
Transcript of Proceedings Bench Trial July 20, 2015
10/20/2015 Findings of Fact, Conclusions of Law and Order
Findings of Fact and Conclusions of Law
11/10/2015 Judgment
Judgment
11/11/2015 Notice of Entry of Judgment
Notice of Entry of Judgment
11/11/2015 Memorandum of Costs and Disbursements
Memorandum of Costs and Disbursements