Beyond Commerce Inc (BYOC)

[gumzsa]

Yes he said he isnt spending money on filings to lose more money he wants his 8 million dollars back.


On February 15, 2008, George Pursglove was sued and a temporary restraining order was issued in Nevada court instigated by the then executive officers of BOOMj.com, Inc. Mr. Pursglove countered sued the Company and on July 28, 2011 a judgement in civil case number: 2:08-cv-00496-KJD-LRL was entered in favor of George Pursglove and against BOOMj.com a wholly owned subsidiary of BYOC in the amount of $20,775.00 for damages as to the claim for failure to pay wages, $3,000,000.00 for damages as to the conversion claim and $3,000,000.00 for punitive damages or a total of $6,020,775.00. The judgement accrues interest at a rate of 5.286% per annum which as of March 12, 2017 totals $7,812,426.00 in principal and interest. The conversion claim was based on the intentional taking of Mr. Pursglove's shares and the failure to deliver the new BCI shares in exchange. Had this conduct not occurred, Mr. Pursglove would still be a shareholder of BCI. So Mr. Pursglove is seeking the approval to exchange a portion of his judgment for shares in BCI now with the balance to be exchanged over time.