Friday, February 07, 2020 9:33:11 PM
About that lawsuit:
This is from the final CCAA judge's order, page 21:
So, in order to even begin an action against PWC, you'll have to get through that judge first.
Things that don't sell:
1. Claiming the $4.34M for the assets was fraudulent - this judge approved that sale.
2. Claiming PWC turned down $40-50-200M offers - this judge knows better, even commented in this order
3. Claiming PWC lied to the GFive guy (or told him the truth and lied to everyone else (LOL) about a share purchase - the judge will point out the GFive guy would be the only person with standing to complain and missed his opportunity when the LCYB offer was submitted for approval
4. Claiming that anybody owes you money - this judge knows all about the proceedings, knows that nobody said anything about buying shares, not KKR, not LCY, not LCYB, and knows the shareholders weren't owed anything.
Screenshots of phone apps, individual words and letters, LinkedIn resumes need not be submitted as evidence of fraud. This judge is annoyed that shareholders don't seem to have a basic understanding of how bankruptcy proceedings work (ie - when a company is liquidated and goes out of business, unless the liquidation proceeds pay all of the debt, the shareholders/equity owners get nothing).
Before handing $1k each over to a lawyer, get off Twitter and away from the Twitter DD Fabrication Team and read the court documents for yourself.
This is from the final CCAA judge's order, page 21:
So, in order to even begin an action against PWC, you'll have to get through that judge first.
Things that don't sell:
1. Claiming the $4.34M for the assets was fraudulent - this judge approved that sale.
2. Claiming PWC turned down $40-50-200M offers - this judge knows better, even commented in this order
3. Claiming PWC lied to the GFive guy (or told him the truth and lied to everyone else (LOL) about a share purchase - the judge will point out the GFive guy would be the only person with standing to complain and missed his opportunity when the LCYB offer was submitted for approval
4. Claiming that anybody owes you money - this judge knows all about the proceedings, knows that nobody said anything about buying shares, not KKR, not LCY, not LCYB, and knows the shareholders weren't owed anything.
Screenshots of phone apps, individual words and letters, LinkedIn resumes need not be submitted as evidence of fraud. This judge is annoyed that shareholders don't seem to have a basic understanding of how bankruptcy proceedings work (ie - when a company is liquidated and goes out of business, unless the liquidation proceeds pay all of the debt, the shareholders/equity owners get nothing).
Before handing $1k each over to a lawyer, get off Twitter and away from the Twitter DD Fabrication Team and read the court documents for yourself.
I swear I’ll never use the phrase “you can’t make this stuff up” ever again after being on the OTC. Apparently you can.
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