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Re: Frayed Knot post# 121878

Wednesday, 06/22/2022 9:50:19 AM

Wednesday, June 22, 2022 9:50:19 AM

Post# of 130497
$750K owed - Here is the letter demanding payment from HPNN CEO Petey.

One might wonder if all these "loans" are actually just going into Petey's pocket by funneling cash from financially-insolvent HPNN to the unrelated non-subsidiary of HPNN digitalage. The CEO is well-known for this kind of fraud, per the courts. This appears to be a ponzi scheme.
If he is using ANY of the cash he is getting to pay for anything unrelated (like criminal, civil, and divorce lawyers), he would have to report that as personal income and account for this potential improper use of HPNN shareholder funds.
And if sued, Peter and HPNN would automatically lose by default - HPNN has no business license, so cannot defend against lawsuits.