Zenergy Brands Inc (fka ZNGYQ)

[UncleBilly]

Thanks for this context and providing the background information on the company.

One very important update is that TCA wasn't withholding the additional funds because of "disagreements with management" (although that is the excuse that may have given at the time). It is now coming to light that TCA was running a Ponzi Scheme and they recently settled some of the fraud claims with the SEC and have been placed into a receivership (SOURCES: https://tcafundreceivership.com/ and https://www.i-aml.com/post/sec-sues-500m-tca-fund-management-four-cayman-funds-for-alleged-fraud).

TCA, acting as Sr. Secured Lender, didn't supply the additional funding to fulfill those contracts (which would have allowed ZNGY To continue operations as usual and make serious millions of dollars) because they were a fraudulent Ponzi scheme. Any other legitimate Sr. Secured Lender would have lived up to its obligations and made the loans but the fraudsters over at TCA were greedy and preferred to do a hostile takeover instead. They didn't have the money (event though they fraudulently represented that the did to induce ZNGY into entering into the loan agreement), then TCA blamed ZNGY when they could't provide the funds. Worst people ever.

TCA triggered this bankruptcy when they had the cloak of legitimacy to protect them. ZNGYQ was right on the brink of having to hand the company over to TCA (who wanted to take it private and cancel all common shares). The original March bankruptcy plan called for a cancellation of common shares and allowed TCA to take over the company and make it private. The hostile takeover would've been completed at the Bankruptcy Plan Confirmation Hearing on May 14 but TCA settled claims with the SEC for fraud and were placed into a receivership on May 11 so that plan was no longer feasible. Since then, 3 extensions have granted and the volume last week tells me something is definitely up (that type of money didn't just fall into a .0001 "Q" stock on accident).

ALL COMMON SHAREHOLDERS HAVE A VALID LAWSUIT AGAINST TCA (AND POSSIBLY OTHERS) IF COMMON SHARES ARE CANCELLED AS A RESULT OF THIS BANKRUPTCY, WHICH WAS NEVER LEGITIMATE TO BEGIN WITH. IT WAS A FRAUD PERPETUATED BY TCA FROM THE BEGINNING AND; THEREFORE, ANY CANCELLATION OF COMMON SHARES SHOULD BE MET WITH A LAWSUIT FROM SHAREHOLDERS. IT IS MY OPINION THAT THE LAWYERS FROM ZNGYQ KNOW THIS AND, PER RECENT FILINGS, THEY ARE WORKING ON AN ALTERNATIVE PLAN (HOWEVER, THERE HAVE NOT BEEN ANY FILINGS THAT CONFIRM DEFINITIVELY THAT COMMONS WILL BE PRESERVED).