"4. Another reason Globetel might be fighting to get the equipment back is if Uli declared a default and properly served Globetel with a default notice. If such is the case, the agreement stated that Uli could hold as collateral any inventory or test equipment until the default is cured."
Hmmm....nice way to shift all the assets of the Hotzone to Trimax....Globetel sues Trimax...loses the case....goes BK.....K boy's shifted assets to the shell. Default never cured.
Reminds me of the time I sued my partner and wanted to lose the case. He won and was happy, I lost, was happy, partnership dissolved and got the large contract I was working on with no partner.
Been told many times, I am a lot smarter then I lead people to believe. LOL.
"There is no great honor these days in being a long (very long).......
Not a lot of profit either it seems."