Brilliant Technologies Corp. (fka BLLN)

[Wayne Rosso]

Looks Like Klepsy Is Screwed

Remember a few weeks ago when John Fife filed a motion for contempt against Klepsy?

Well, looks like the judge in the matter has frozen all of Klepsy's assets to the tune of $1.3 million.

http://iapps.courts.state.ny.us/iscroll/C_PDF?CatID=702198&CID=102230-2011&FName=1

But that's not all folks!!! Guess what? Last week 4 more lawsuits were filed against Klepsy for stiffing other lenders. He borrowed $250,000 from what appears to be 4 private citizens in NYC and just out-and-out stiffed them.

http://iapps.courts.state.ny.us/iscroll/SQLData.jsp?IndexNo=653058-2011

http://iapps.courts.state.ny.us/iscroll/SQLData.jsp?IndexNo=653057-2011

https://iapps.courts.state.ny.us/fbem/DocumentDisplayServlet?documentId=tirVQewp3Wthm2sThhECxg==&system=prod

https://iapps.courts.state.ny.us/fbem/DocumentDisplayServlet?documentId=tirVQewp3WvCLcwyBik9HA==&system=prod

So just add this to the $2million for Oracle and the $1.3 million for John Fife.

But not too worry. It's just a series of minor tiffs.

Gentlemen, this is your CEO. Congratulations.