Astra Veda Corp (ASTA)

[ctvette2003]

Phoenix Fund being sue by another co, this is exactly what that have doing to us.

https://marketexclusive.com/mydx-inc-otcmktsmydx-files-an-8-k-unregistered-sales-of-equity-securities/2017/03/
On March 9, 2017, Judge Thomas Rebull of the Eleventh Judicial
Circuit of Florida issued two orders in favor of the Company.
First, an order to have a hearing on March 13, 2017 to enable the
court to adjudicate whether to grant the Companys emergency
motion to prevent Phoenix Fund Management, LLC (Phoenix) from
submitting any further issuance notices to the June 2016 $250,000
Section 3(a)(10) settlement. The Company believes Phoenix has
received all shares to which it is entitled to the Section
3(a)(10) settlement. Until the hearing, Phoenix is enjoined from
submitting any further issuance notices to the Section 3(a)(10)
settlement. Second, a temporary restraining order against Phoenix
to prevent Phoenix from submitting any further conversion notices
to a $1 million convertible note it holds. The Company believes
Phoenix has fully exercised this convertible note. The hearing on
March 13, 2017 will include further argument and further
adjudication of this issue. The Company cannot predict the
ultimate outcome of these two litigations.