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Tuesday, July 12, 2022 1:05:09 PM
We shall see who prevails??
PCT, Ltd. v. Auctus Fund LLC
In December of 2021, Auctus Fund fraudulently exercised the Warrant,
despite such Warrant being resolved pursuant to the Settlement Agreement, to obtain
2,539,999 shares of PCT common stock, with a fair market value of approximately
$65,000.00, and has attempted to exercise that same Warrant to obtain an additional
40,145,693 shares of PCT common stock, with a fair market value of approximately
$1,000,000.00.
40. By reason of the foregoing, PCT is entitled to an award of compensatory
and consequential damages as set forth above, which relief is well in excess of a value
of $75,000.00.
71. Prior to its presentation of the Warrant to Standard Registrar, the Warrant
had been resolved and released pursuant to the Settlement Agreement for which
Auctus Fund was already paid $145,000.00 and received 8,000,000 shares of PCT
common stock valued at approximately $200,000.00.
72. Auctus Fund took the $145,000.00 and 8,000,000 shares of PCT common
stock with the intention of breaching its obligations under the Settlement Agreement.
73. Auctus Fund has therefore unlawfully benefited from and has been
unjustly enriched by its receipt of not only the 2,539,999 shares of PCT common stock,
but also the $145,000.00 and 8,000,000 shares of PCT common stock.
74. By reason of the foregoing, PCT is entitled to damages in an amount to be
determined at trial, plus interest thereon, which damages are well in excess of a value
of $75,000.00.
76. As explained herein, PCT and Auctus Fund entered into the Settlement
Agreement to resolve all disputes, claims, rights, demands, liabilities, obligations and the like between and among them, including, without limitation, the Warrant
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