Let's talk about the crazy plaintiff Joshua Angel.
Pathetic reply filed this week by Joshua Angel, who continues to name as defendants the BOD, notwithstanding that HERA transferred their Powers to the conservator.
He continues to cover up HERA's Restriction On Capital Distributions for undercapitalized enterprises, as he claims that "no federal law eliminated the dividend duties". This is a crime of Making False Statements, up to 5 years in prison.
Also the BOD is authorized to not declare dividends "in its sole discretion". The JPS prospectus makes it clear: "the dividend on the JPS is not mandatory." The 84-year-old plaintiff claims that "the dividend could have been declared and deferred payment post Conservatorship". But that's not the non-cumulative dividend of the security he bought. Also, the concept of dividend declared but not paid, doesn't exist, since the BOD only declares dividend when it considers that it's going to be paid to the Equity holders.
He absolutely ignores Finance and he only seeks that a corrupt judge approves what finance and common sense don't grant him: be entitled to a dividend on the JPS while in Conservatorship. Not in this planet.
This is the current of thought followed by all other plaintiffs: the coverup of the laws in force because they don't like them and pay a regiment of soldiers to spread phony stories about a govt theft on internet message boards, and insult the people like me that are denouncing their felonies.
The only felony is a Takings claim with the purchase of the warrant in 2008. IT IS SO ORDERED.
