What is REALLY funny is the bullshit that lyin', scammin' son-of-a-bitch DaPathologicalFOleyFelon is trying to sell the them
Let me explicate further.
There is no need to audit any third-party assets, because there is no merchant bank in the universe (and that includes Europe last I Czeched) that will issue a LOC to a non-legal entity like NTEK which is in default with the NVSOS, has no place of business, has no legal officers or directors (ask the TA about that!), and the front man alleges himself to be CEO and he's a multiply-CONvicted Federal felon for fraud crimes, including BANK FRAUD, and there are 11+ legal claims, judgements, and settlements for the now-defunct NTEK.
It doesn't matter if a third party pledge was all the crown jewels of the Queen of England. NO merchant bank will issue a LOC to a non-legal entity with no officers or directors having a legal capacity to act as an agent on behalf of the corporation (even if said corporation was legal and in existence) BECAUSE ...
... any such LOC agreement would be immediately VOID and UNENFORCEABLE under contract law. As such, the merchant bank would have no legal recourse to ever execute on the pledged assets, no matter who the third-party pledgor was or whether the collateral was all the gold in Fort Knox. As the underlying CONtract is VOID and UNENFORCEABLE, the NTEK 'entity' could never legally be held in breach of such void agreement and thus the conditions required for the bank to execute on the third party's pledged assets could never be done and would nott be legally enforceable in any court in the USA or Europe. Nowhere
No merchant bank will ever issue an LOC to a non-legal non-person entity for that reason and many others. The bank could never legally take the pledged assets - nott even from a third-party pledgor.
DaFoleyFelon is as CONfused in the bullshit he's shoveling to the shareholder-victims on a legal basis as he was when he was assuring them that he was never going to prison in his first set of CONvictions that sent him to DaHole at Taft for 24 munffs and the current three year probation term he's on since his release less than 2 years ago.
DaFoleyFelon is so pathologically nuts, that he literally cannot see through his own transparent bullshit - just like with the $21M from a non-existent Bridgeport/Smaran with a fake Steve Orefice on the phone to Longside's legal counsel.
He's just ridiculous. A brokeass fool with very serious mental issues as the Federal judge ruled - which is why he has to attend court-ordered mandatory mental health treatment - which is clearly NOTT WORKING.
AI
