Trimax Corporation (TMXN)

[Yosemite Sam]

Here another post pined from stervc


Wednesday, 12/16/20 03:27:43 PM
Re: Wealthnotriches post# 22536 0
Post # of 23867
TMXN Explanation of Tilray (TLRY:NASDAQ) Lawsuit…

Below is an explanation of the situation of the TMXN lawsuit against Tilray (TLRY:NASDAQ). Before reading further, I think it’s first important to understand who are the Plaintiffs and who are the Defendants with this case to be able to understand why the recent filing is strongly in favor of a positive settlement, licensing agreement, or something positive resulting for TMXN shareholders. See below:
Quote:

Plaintiffs
1. Infinity Global Consulting Group, Inc.
2. Joseph M. Vazquez, III (Majority shareholder of TMXN suing on behalf of shareholders)
3. Trimax Corporation (TMXN)(a Nevada corporation)

Defendants
1. Tilray, Inc.
2. Privateer Holdings, Inc.
3. Left Coast Ventures, Inc.
4. EKO Holdings, LLC
5. Brett Cummings
6. Hugo Saavedra
7. Debra Saavedra
8. Equitable Transitions, Inc.
9. William Downes
10. Privateer Evolution, LLC

I think this post, courtesy of BeasTrader, explains the situation here with the lawsuit and who’s suing who as I will somewhat reiterate:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=156764872

Basically, Hugo Saavedra and Debra Saavedra sold Saavy Naturals to Privateer Evolution, LLC for $70,000 as Privateer is part of Tilray:
https://saavynaturals.com/
Quote:

Tilray Closes Merger With Privateer
https://www.forbes.com/sites/irisdorbian/2019/12/17/tilray-closes-merger-with-privateer/?sh=1623ab3d7b84

Tilray wanted Hugo to force TMXN to go bankrupt so they could get Saavy Naturals cheap. So, Hugo went along to take a "loan" out from Privateer (subsidiary company of Tilray) and put ALL rights of Saavy Naturals in the agreement if loan isn't paid back within a few days. Obviously, Hugo didn't pay the loan back so EKO Holdings LLC (subsidiary of Tilray), got ALL THE RIGHTS of Saavy Naturals for under the $70k loan instead of a buyout from Tilray.

TMXN has now has NO rights or gets any money from any sales of Saavy products. That's why in 2018, you noticed EKO Holdings LLC email on website and all Saavy stores were closed and doing online sales only now. It is strongly believed that Hugo screwed his shareholders and debt holders.

To add, Tilray (NASDAQ:TLRY) and Aphria (NASDAQ:APHA) are in the advanced stages of their merger talks. According to both Tilray and Aphria, this merger will create an entity with an equity value of about C$4.8 billion. The merger is going to reduce annual costs by about C$100 million before taxes within the first year of their merger. The merger is expected to close in the second quarter of 2021 and no way do they want this lawsuit getting in the way of a C$4.8 billion deal. Details can be read within the link below:
https://www.bloombergquint.com/business/aphria-tilray-announce-deal-to-create-biggest-cannabis-company#:~:text=(Bloomberg)%20%2D%2D%20A%20new%20giant,agreed%20to%20combine%20their%20operations.&text=Aphria%20will%20pay%20a%2023,15%20closing%20price%20of%20%247.87.

Basically Hugo Saavedra, Debra Saavedra, and Equitable Transitions, Inc. are representing Team Tilray because without them taking a stance to defend the claims that warranted the $300 Million lawsuit filed against them, Tilray won’t have a snowball’s chance in heck to successfully defend against the claims to win.

Bottom line, since Hugo Saavedra, Debra Saavedra, and Equitable Transitions, Inc. had offered no defense against the $300 Million Lawsuit that TMXN had filed against ”them” on Dec 14, 2020, that means that such is an admission of guilt and wrongdoing and that Tilray is going to have to settle with TMXN as I had explained within this earlier post below with the Court Docket that was filed with the court:
Quote:

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=160219145
TMXN Wins! $300 Million Lawsuit/Tilray Offered No Defense

This is absolutely huge as Tilray (TLRY:NASDAQ) had offered no defense against the $300 Million Lawsuit that TMXN had filed against them. Again, this is huge. I suspect that we will see either a huge payoff or licensing agreement which will have some huge valuation instilled into TMXN to more than compensate for the damages that were done that will bring tremendous valuation into TMXN. Early case info is within the link below:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=156626259
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