Zenergy Brands Inc (fka ZNGYQ)

[UncleBilly]

Please take a look at my response linked below to see why TCA cannot be a beneficiary of its own fraud under the law and will not be collecting any payment in this bankruptcy case.

As noted, yesterday's (9/14/20) filing and motion granted to extend is huge because it confirms that ZNGYQ found a third-party lender to assist with financing the bankruptcy exit. This will allow ZNGYQ to go on the offense.

I think we will see a counter lawsuit against TCA from ZNGYQ and the other creditors so that TCA winds up being responsible for any and all debts on ZNGYQ's balance sheet.

The role of a Senior Secured Lender (here, TCA) is to be the business' bank and is essential to allow a business to function normally. The extent of TCA's crimes are still coming to light and they've already settled a massive fraud case with the SEC. TCA withheld the initially agreed upon loan payments from ZNGYQ because TCA was, in fact, a Ponzi Scheme that fraudulently misrepresented how much assets they held under management and didn't have the money to pay ZNGYQ. This prevented ZNGYQ from functioning normally as a business.

Imagine you closed a deal on a home and you would have easily been able to cover the monthly mortgate payments but your bank balked at the last minute and didn't assist with the uprfront costs that were agreed upon. The deal would blow up at no fault of your own. That's basically what happened here. ZNGYQ had a good business but, like any startup, required operating capital. TCA purposefully took away that operating capital and went in for a hostile takeover. That hostile takeover attempt has been thwarted and a new source of financing has been found (White Knight defense to a hostile take over).

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