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Tuesday, April 05, 2011 1:10:38 PM
You claim in your quote below that these are facts when in fact these are to be determined at trial. NIR is gonna claim that they relied on the elected company CEO as they should have. NIR did not arange anything other than to accept that what was offered them. The fact that Walters and Humphries benefitted is meaningless from NIR's standpoint. They lend money but don't control the company or it's decisions. #3 is just plain nuts to list as a fact at this time. NIR did not value, sell or transfer software.
You're tryin ta climb a hill that ya want to avoid at all costs. HLNT's biggest love interest at the moment should be their exCEO Humphries. You had better hope he's sayin what he needs to say to avoid prison. All of us know that all mentioned parties are dirty and have lots to hide. Only one benefits by tellin the truth. That guy worked with and sat next to Michael Gelmon and David Walters. The gold lies with humphries not in claims the court will hold HLNT responsible for.
"The Judge will also give the greatest emphasis to the following
facts:
1. The transfer of the Notes were arranged by NIR and Humphries
before Humphries ever became the CEO of SEVO.
2. Walters and Humphries personnally benefitted from the 2008
transations, receiving some kind of payment for the changes in
the CEO's and the transfers of Notes.
3. NIR was directly involved in the process of the 2008 activities of
Fraud.
4. The valuation of the Computer Software Asset was based upon
the value of the Notes (principle plus interest) rather than some
truely defineable and independantly verifiable value."
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