Kaya Holdings Inc. (KAYS)

[Pennywhistle]

Indeed, $1.7+million lawsuit against KAYS is in the filing in the smallest font allowable in part ll about page 37.

Pretty serious amounts and allegations to dismiss as frivolous or baseless I'd say. Breach of contract, state securities fraud and state racketeering claims. And considering that William David Jones is also a party in the suit, you'd think that the allegations of securities fraud and racketeering might have some merit as Dirtbag Dave Jones has multiple felony convictions and violations of securities fraud.

Must be costing the Goldin's a pretty penny. To file this suit against a company with so few assets and revenue suggests that there is at least some basis for the allegations.

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.

Below the disclosure of the lawsuit that was filed, you can find KAYS boilerplate defense[in largest allowable font] statement that terms the suit "baseless".
Wonder if thats the same statement they put out on the suit they just settled at the beginning of the year.