InvestorsHub Logo
Followers 46
Posts 1661
Boards Moderated 1
Alias Born 03/19/2005

Re: parabolic2020 post# 91212

Friday, 09/08/2023 5:33:01 AM

Friday, September 08, 2023 5:33:01 AM

Post# of 94878
Good Morning to you P20 from the ROK! I had been working around the clock over here the last 4 weeks, not much sleep and did a poor asinine assessment! So, as usual you are CORRECT Sir/Ma'am, my apologizes!

Yes it seems I have missed some of your posts, which I try not to miss! I'm not tracking the court documents ref judgement other than what's in the OTC disclosure filing.

David Lewis Pref A's total he had was 49,500 -- I didn't know this until I just read the 22Q1 disclosure. When looking at the last disclosure filed it just states he converted 24,500 Pref A's on 5/25/2022. Since I didn't see he owned anymore Pref A's in that filing, I didn't think he had anymore. Thanks to you I asked myself where is P20 coming up with that 25,000 number and that's why I jumped to the 22Q1 filing to check, and there I saw the total of 49,500. Yes sir/ma'am, that was Lewis most likely converting last month in AUG which we will see next disclosure filing.

Canouse Judgement I was going by the 23Q2 and jumped the gun with poor asinine assessment!:

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
.

Bullish
Bullish