Kaya Holdings Inc. (KAYS)

[Pennywhistle]

What are they b'ching about?

Ummmm, I'm pretty sure it's in the allegations from the disclosure in the financial report. Maybe look less at pictures and more reading perhaps. I guess maybe i'm confused but I don't see or understand that the lawsuit has much to do with the shares that were purchased, but I could be wrong. Doesn't really matter though as they clearly have much more on their plates.

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.

BTW, Racketeering charges usually involve a group of people. This lawsuit also names Craig Frank and I don't think Jones multiple fraud convictions ever involved a gun, yet somehow he managed to bilk millions from many unsuspecting investors.