after reading the lastest filing not much has changed but the 1B plus O/S and this from the original lawsuit.
In addition, the Settlement Agreement Deeb, Intelligent Message Distributors, and Wall Street Group/Mario Pino acknowledged that they owed to BCIT approximately $16,500, $36,800, and $73,000, respectively, and agreed to pay such amounts to the Company as partial consideration for the issuance of the Newly Issued Shares to JH Darbie & Co. and Capital Growth Financial, L.L.C. Each of Deeb, Intelligent Message Distributors and Wall Street Group, L.L.C./Mario Pino have failed to pay such amounts, and the Company is pursuing collection of the same.
The Defendants, Grace Trust, Charles Weller, and Felica Morales (“Non-Settling Defendants”), did not execute the settlement agreement and accordingly did not settle the claims asserted against them in the Civil Litigation. In February 2006, we received judgments against the Non-Settling Defendants, other than The Grace Trust, and are currently pursuing collection of these judgments.
