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Tuesday, August 29, 2023 5:24:47 PM
https://www.otcmarkets.com/stock/TXTM/security
8,791,221,631 -- 18 AUG 23
The Q2 showed Lewis did his conversion 25 MAY 2022 before acquisition and sure looks with the OS share count between 22Q1 and 22Q2 was almost exact that he dumped those 391,093,524 shares in the OS in MAY/JUN 2022. https://investorshub.advfn.com/boards/read_msg.aspx?message_id=172699066
Good call on Canouse! The $563,396.72 divided by the recent SP range .0011 to .0014 could be the recent OS increase. IMSO with current true TXTM valuation (conservative $300M with seeds contribution) and where TXTM is headed will counter that easily!
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https://investorshub.advfn.com/boards/read_msg.aspx?message_id=172468884
https://www.otcmarkets.com/otcapi/company/financial-report/379782/content
On November 11, 2019, Joseph Canouse obtained a default judgment against the Company totaling.
$563,396.72. On April 8, 2022, the Company filed in the District Court, Southern District of New York for the
United States of America a Motion to Set Aside the Judgment, which was denied and the Company has filed for
review the United States Appellate Courts overseeing the Southern District of New York. In addition, the
Company has filed against Mr. Canouse and the Company’s former CEO Steve Berman (who assigned claims
to Mr. Canouse that are the basis of the Judgment). The Company filed the action against Mr. Berman and Mr.
Canouse in the 11th Judicial District in and for Miami-Dade County, Florida on or about April 8, 2022. Both the
Appeal towards Motion to Set Aside and the Florida Litigation remain pending. In October 2022, Company filed
legal briefing relating to Appeal towards Motion to Set Aside judgment. The Company was granted oral
arguments. On May 17, 2023, the appellate court denied Protext’s Appeal seeking the Judgment be vacated.
NOTE 6 ACCRUED EXPENSES
On November 11, 2019, Joseph Canouse obtained a default judgment against the Company totaling $563,396.72. On
April 8, 2022, the Company filed in the District Court, Southern District of New York for the United States of
America a Motion to Set Aside the Judgment, which was denied and the Company has filed for review the United
States Appellate Courts overseeing the Southern District of New York. In addition, the Company has filed against
Mr. Canouse and the Company’s former CEO Steve Berman (who assigned claims to Mr. Canouse that are the basis
of the Judgment). The Company filed the action against Mr. Berman and Mr. Canouse in the 11th Judicial District in
and for Miami-Dade County, Florida on or about April 8, 2022. Both the Appeal towards Motion to Set Aside and
the Florida Litigation remain pending. In October 2022, Company filed legal briefing relating to Appeal towards
Motion to Set Aside. The Company’s estimate of the loss associated with the judgment is $563,396 and is recorded
as accrued expenses.
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