Plural Industry Holding Group Co. Ltd. (PIHG)

[Joefyffe]

We are currently waiting for the Require Proof of Claims process to complete it's course.

The original Required Proof of Claims hearing date of 5/13/2020 was postponed (continued) to 6/10/2020. On 6/10/2020, the motion to Require Proof of Claims was GRANTED. They now must post public notices for 30 days. Anyone having claims of debts, must notify and provide proof of claimed debts to the court within 30 days from the Notice of Entry of Order date, which was posted on 6/16/2020, making 7/16/2020 the deadline.

At the end of the 30 day wait period, the custodian will provide an Affidavit of Publication to the court, showing proof of compliance with the public notice requirement. The custodian will also request a hearing to either settle/negotiate or to disallow a claim submitted to the court and/or request the court to bar all unasserted claims. Then we will proceed with other updates to go current.

He recently added this process to his custodian plays. I'm guessing (JMO) a creditor popped up on one of the tickers he was awarded custodian of. This eliminates that issue and/or gives him an out if there is too much debt claimed and the court doesn't dismiss the debt in his favor, he can request withdrawal of the custodianship, curt his losses and move to the next one.

I have added these steps to my shared tracking spreadsheet and am in the process of updating the data. I had a family emergency last week that delayed my data update plans. I plan to work on it thru the weekend.