InvestorsHub Logo
Followers 0
Posts 172
Boards Moderated 0
Alias Born 10/28/2019

Re: None

Friday, 01/28/2022 5:29:46 PM

Friday, January 28, 2022 5:29:46 PM

Post# of 14223
Here's the REAL story:
So it appears a settlement has already been reached with Mark Ruiz and Matt Machado's cases in court and although it doesn't favor Michael Jennings (he lost) it does appear a large number of shares are coming to Ruiz and Machado at some point in the near future. Most likely they will be liquidating said shares in a prompt timeframe upon receipt. You can guess what'll happen if and when those shares are liquidated. You can look over the entire case file here along with several others including Scott Kajiya, Kenneth Koskiniemi, all are either breach of contract or fraud related. Go ahead say it's all just a conspiracy still LOL!!! Your idol is in hot water and it's going to cost him and the bagholders soon.

https://publicportal.fresno.courts.ca.gov/FRESNOPORTAL/Home/WorkspaceMode?p=0

straight from the docket:

Defendant Michael Jennings, the third member of the Loud Seeds partnership who
managed its business operations—and not its cannabis cultivation—recognized the value of the
Loud Seeds brand and seed bank and orchestrated a wrongful and tortious scheme to obtain all of
its value for himself while cutting Almeida and Koskiniemi out of the business entirely. Through
this scheme, which was aided and abetted by Defendants NGW, NGWH, NGW Holdings/Crossgate
Capital, and Crossgate Holdings, Jennings formed a new cannabis company (NGW), obtained startup financing from Crossgate Holdings based on the value of the Loud Seeds’ brand and intellectual
property, transferred Loud Seeds’ intellectual property to NGW without either obtaining Almeida
or Koskiniemi’s consent or providing them with any compensation, and used that intellectual
property to build a competing business and take it public for Defendants’ profit.

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.