Zenergy Brands Inc (fka ZNGYQ)

[UncleBilly]

Trader59, Please give a fair reading to my sticky post 71546. You are omitting key information and making conclusions without taking into consideration very pertinent facts with your statement below:

"The SEC "coming down" on them doesn't erase the debt this company owes them. They started borrowing money from TCA in 2018, took it willingly on the terms provided." - Trader59

What the foregoing fails to consider is that TCA fraudulently induced ZNGYQ into the initial loan agreement by misrepresenting how much funds they had available to lend (https://www.i-aml.com/post/sec-sues-500m-tca-fund-management-four-cayman-funds-for-alleged-fraud). Remember how Madoff got caught. He ran out of money when investors came looking for their payouts.

Here, ZNGYQ's business was booming with more contracts than they could fulfill. They just needed operating capital from TCA but TCA refused to provide the 2nd tranche of ~$1.5M. This completely disrupted and hindered ZNGYQ's business operations and prevented them from fulfilling contracts/earning revenue.

Whereas TCA had the cloak of legitimacy at the outset of these bankruptcy proceedings, they no longer wear that cloak.

Under the law, TCA cannot be the financial beneficiary of its own fraud. That's undeniable and ZNGYQ's lawyers are going to have a field day with these bums from TCA.

Expect $ZNGYQ to go on the offensive here as TCA is a wounded animal - put into a receivership by the SEC for fraud and about to be wiped off the board in this bankruptcy proceeding. If you like chess, you have to love the moves ZNGYQ is making right now. They have the facts, law, and public sentiment on their side.