Sector 10, Inc. (SECI)

[Throwingawaymoney]

More tortious interference

2009:  Lee Allen, acting as a Dutro representative, develops new loan documents to provide permanent financing for Sector 10, funded by Dutro affiliates.  These new loan documents appear to entice Sector 10 to accept money from the individual IRA funds of William (Bill) Dutro and his sister Vicki Davis (Dutro) to pay back the initial investment that Vicki Davis and Bill Dutro provided as bridge financing at the end of 2008 through March 2009.
 
Sector 10 recognizes the illegality of this strategy and refuses.
 
In addition, these loan terms would have transferred control of Sector 10 to Dutro and affiliates. Again, Sector 10 rejects the agreement.
 
Strangely, despite the above-statedrejections and eventual non-agreement, Lee Allen promotes himself as the COO of Sector 10 and claims he is entitled to executive compensation.  These statements were false. Sector 10 formally denies Lee Allen’s status as COO.  The non-engagement of Lee Allen is later also confirmed by SEC auditors during the quarterly audits. 
 
Lee Allen contacts Moody Capital—and several other investors already engaged in discussions with Sector 10)—in an apparent attempt to sabotage potential alternative financing resources.  Moody Capital replies to Lee Allen with an inflammatory email (read email).