Trimax Corporation (TMXN)

[DDA]

For new people coming over here ... What's it all about ?

Trimax shareholders are convinced the owner of a subsidiary of Trimax sold assets for almost nothing to Privateer (= Tilray). Why ? so that Privateer would not have to pay back the Trimax bondholders before buying the assets.

The links give more info on this. The claim is for 150 million.

https://grizzle.com/could-tilrays-merger-with-privateer-be-in-jeopardy/

https://www.thecannabisinvestor.ca/tilray-slapped-with-150-million-lawsuit-over-alleged-plot-to-bankrupt-takeover-target/

Link to Tilray Nasdaq :

https://www.nasdaq.com/market-activity/stocks/tlry

For those who say that it's not going to happen as TMXN has no cash to pay the lawyer; is inactive; etc. ... The one going for it, is a shareholder and was Trimax's IR way back. Mr. Vasquez is as well owner of INFINITY GLOBAL CONSULTING GROUP, INC. (consultancy).

On the stock itself - Vomume comes for price action ...

+275 million changed hands in November ... That's more than the restricted shares reported on OTCB (214.8 million). The 3rd of November was the highest with a staggering 189 million.

To repeat myself :

AS is 500 million / OS is 467 and remains unchanged (last update the 7th). Even if they would dilute, they can't with more than 32 million ... so this is maxed out.

Even if we would only settle for 10 million it would mean 0.021/share.
30 million is 0.064.

First hearing is mid December. Trial is mid January. This will on speculation of a solid outcome definately move up. Counting on a settlement, I have my shares locked up ...

Link to Pacer :

https://www.pacermonitor.com/public/case/34731720/Infinity_Global_Consulting_Group,_Inc_et_al_v_Tilray,_Inc_et_al


Update Pacer 30th :

Docket last updated: 71 minutes ago
Monday, November 30, 2020
101 respm Non-Opposition to Motion Mon 11/30 5:32 PM
NOTICE OF NON-OPPOSITION to NOTICE OF MOTION AND MOTION for Summary Judgment 93 filed by Defendants Privateer Evolution LLC, Privateer Evolution, LLC, Privateer Holdings, Inc., Tilray, Inc.. (Goldmark, John)