Kaya Holdings Inc. (KAYS)

[Pennywhistle]

re":This is all here-say"Ummm It's quoted from KAYS 10q. So it actually does exist in the SEC filing just released.

I've provided the link for the 10q a couple times now, but for you, here it is one more time:

It's towards the end of the report under heading PART ll
http://ih.advfn.com/p.php?pid=nmona&article=72264127

PART II – OTHER INFORMATION

Item 1. Legal Proceedings

On June 22, 2016, Daniel A. Goldin and Wally Goldin commenced an action in Oregon Circuit Court, Multnomah County, against the Company, MJAI, its direct majority-owned subsidiary, Craig Frank, our Chairman, President and Chief Executive Officer, William David Jones, a consultant to our Company and BMN Capital Group, LLC (the “ Action ”). The plaintiffs allege breach of contract, state securities fraud and state racketeering claims against the defendants arising from alleged misrepresentations made in subscription agreements with the Company entered into in October 2015 and January 2016 by Daniel A. Goldin and Wally Goldin, respectively, pursuant to which they each purchased 2,222,222 “ restricted ” shares of our common stock for $100,000 in a private transaction. In addition, Daniel A. Goldin alleges that the Company breached a purported employment agreement with him pursuant to which he was purportedly to be compensated for working in our Oregon operations through a combination of cash and stock. The Plaintiffs are seeking damages in excess of $1.7 million.

Of course KAYS denies any wrongdoing as would be expected below the above stated disclosure.

KAYS is definitely a BUY at this time.

LOL Maybe if you want to help pay for this upcoming settlement!

GLTY sir.