With special emphasis ...
"Just for your information and as a last resort before additional action is commenced on you. At Donnell’s insistence and Judge Taylor’s suggestion we have offered to settle all claims against you in exchange for recognizing notes you claim to have in the company totaling $120,000. At that point you will relinquish any and all alleged claims you may have in the company or any of its subsidiaries in respect to ownership, indebtedness or shares including your preferred shares, notes you allegedly claim you have with in any company and ownership interest in any and all businesses. The benefit for you will be a universal settlement from the corporation so that any claim that could be made by the current officers or future will be in essence a “closed door.”
If you are not inclined to settle then the company, and myself are prepared to initiate the following actions:
-I will be suing you for default and fraud on the Note you signed in October of 2010 which you signed personally and on behalf of Quasar
-Quasar will be suing you for fraud in the same manner
-Quasar will be suing you for self dealing, co-mingling of funds, self enrichment, breach of fiduciary duty, public misrepresentation and any and all possible charges
-Quasar shall proceed with contempt of court charges against you in the current pending litigation
-Should you collect on any debt related to Quasar, we will pursue theft charges against you as well
In addition, due to the nature of our complaint we intend to subpoena all financial transactions and statements including all transfers or payments that benefit you or others. In short, any payments such as mortgage payments to any property in your wife’s name or gifts to same will be subject to discovery and recovery. Therefore we will be requesting from your wife as well as you a financial affidavit detailing all financial transactions, assets, etc. Once action is initiated their will be limited inclination to enter into any further discussion of settlement.
We will also be notifying the Court, FINRA, and the SEC of your fraudulent and false representations to the public via your website and correspondence, Sunbiz via your filings, FINRA via your emails to them. We will proceed with contacting the FBI as well. Once you are deemed by these organizations as a “bad boy,” your participation in public companies will be extremely restricted. (see attached)
As previously discussed the recognition of the notes would be pursuant to a leak out over twelve months and have other conditions which were previously disclosed. I currently have counsel in Colorado , Florida and Georgia ready to act if we have to go this route. Please note this email is meant as a discussion of a potential settlement and not a final or definitive offer unless agreed on by both parties
As you know I do what I say. If you want to discuss this let me know and I will call you at your time and convenience. Time is of the essence, please govern yourself accordingly. "
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Some pretty serious allegations, ones not unlike we have heard in the past.
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