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Re: bigoledog post# 31515

Wednesday, 03/16/2011 12:49:47 PM

Wednesday, March 16, 2011 12:49:47 PM

Post# of 35802
"Do we know how much is owed balallan with interest at this point? Seems like a lien on the assets would be possible and that will knock the free and clear right out of that statement. You said you have an agreement with them that they haven’t settled yet…..couldn’t you lien on those assets?"

My understanding is that with interest the amount is presently $1.8M owed Balallan. I don't think you can appeal a judgement. But that doesn't mean the company can't negotiate a better settlement. Margiotti appears to be a very sharp guy, I wouldn't be surprised if he was in talks with Balallan as we speak.

As far as my agreement with them, it was verbal and is only over a few shares of stock that I feel I am owed. Nothing earth shattering. I will wait and see how Balallan makes out first.