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Alias Born | 03/02/2014 |
Thursday, August 12, 2021 3:21:06 PM
For starters, is a lawyer really needed? I ask because Tilton/NSAV/CHIF apparently didn't have one the FIRST time Jake sued them as Tilton/NSAV/CHIF defaulted. But why default and not fight Jake in court? Well, I have my own theory about that and it's based on this:
Jake was in a unique position, as new NSAV CEO, where he could actually see the records that were kept by Tilton. And it seems to me that Jake didn't like what he saw. I mean, why else tweet the above? And there's also this:
So NSAV defaults, and IMO, defaults because Tilton is afraid of discovery. That is, his records possibly become made public. (Again, JUST MY THEORY!!) and after the default Jake settles with Tilton/NSAV/CHIF for a tad over $2 1/2 million. But instead of cash they work out a settlement and Jake is given a ton of shares instead (I forgot how many and it really doesn't matter here). I guess a lawyer might be needed, or desired, to work out the settlement.
So, that lawsuit was settled and everyone moved on. Well, until Jake tried to sell some and couldn't as the shares that were given to him were, apparently, restricted! (And not unlike the 2017 NSAV dividends given to shareholders!) So that Jake couldn't trade them must have pissed him off. "HAHAHAHAHA!!!" according to some, perhaps even Tilton. But I do believe that is the basis of THIS lawsuit. And there was this in one of Jake's recent tweets:
What? "Again $NSAV Does Not Have Errors & Omissions insurance." That might be the key here, agains just speculating! But, indeed, did Tilton tell Jake he couldn't trade the shares he received in the settlement? Did Tilton screw up by OMITTING that fact? Anyhow, it appears that Jake's lawsuit has STILL not been answered and that Tilton/NSAV/Posner retained a lawyer to just put things off. Well, if this is anything to go by:
So gawd only knows what will happen on or around Sept. 3. But the thing is this. I don't think Jake will accept shares as a settlement THIS time as he did the last time. You know, "Once bitten, twice shy". So, if Tilton/NSAV/Posner default (or lose at trial) and if Jake won't settle for SHARES again might not this lawsuit, POSSIBLY, put NSAV out of business?? Well, I dunno, but it seems plausible to me.
gl2u!
P.S. I have no idea about those "80 something million shares".
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