Same here, let the bankruptcy judge rule on the amount of money owed, anything else can be settled later in criminal court. Platinum's involvement in Bolduc's dismissal as well as other affairs of the company, makes them an insider which says all their share trading violates federal security laws. It is blacked out, but they made a lot of profit on the debt they converted to shares. So all those profits are illegal, which may be quite a bit. At the very least those illegal profits should be subtracted from the amount owed.
The motion says: "In fact, as set forth more fully below, DMRJ exercised such control over the corporation that it, at all relevant times, was and still is, an affiliate of the Company as defined by federal securities law. Therefore, each of DMRJ's sales of the
Company's stock constituted a sale of restricted shares in violation of federal securities law. "
That does not take into account anything else in the motion, which may further cut the debt owed.
