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Tuesday, July 19, 2022 10:41:04 AM
. 61. Upon information and belief, Auctus Fund intends to fraudulently exercise
the Warrant for additional shares up to and perhaps even exceeding the 40,145,693 shares it attempted to fraudulently obtain in December of 2022.
And while all of this is great and all, Auctus has made counter claims disputing some, if not all of these findings. Pct made a claim that as Auctus released pct from the agreement and settled the warrants. Auctus argued the payment they received simply settled pct going into default on the terms of the agreement. Pct has never made that letter public and given Gary's history of many many missteps, I'm inclined to believe that Auctus is likely correct that they agree pct is no longer in default but that the issue with the warrants was not resolved.
Also fact, pct issued far more warrants and shares than they had in their current AS.
The trial should be interesting but I wouldn't be betting on an operation of pcts standing to come out on top.
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