Empire Post Media, Inc. (fka EMPM)

[Lhotse]

The hearing on May 21st is for the "Ex Parte Application for Temporary Restraining Order and Motion for Preliminary Injunction". This is just a hearing to maintain the status quo until an actual hearing can take place. May 21st is an expedited date for the temporary restraining order. The actual court case is likely a long way off. I'm guessing the share price will go down before it goes back up. It's going to be a long, long time, if ever before it makes it back to $0.20. No one has heard Lee's side of the story, so you can't assume that this is a slam-dunk case.

Here's what EMPM seeks in the temporary restraining order:

Plaintiff seeks damages related to the breach of contract and now a temporary restraining order ("TRO") against Defendants and each of them from: (i) holding any ultra vires meetings of shareholders, (ii) from making any filings on behalf of Plaintiff with the Secretary of State, (iii) from misrepresenting that an exchange of shares will take place between the Plaintiff and the Defendants network of companies; (iv) from purporting to issue, sell or transfer any capital stock of the Plaintiff; and (v) from taking any other action(s) not expressly authorized by the Board of Directors or Officers and in violation of the Nevada Securities Act and Federal Securities Law.