I guess the YHOO Locateplus board will disappear when the stock's registration is revoked so I'll post over here from now on.
LP Acquisition Partners (LPAP), the Knoblock et al group which ended up with WorlWide Info and TruBackgrounds and wanted the public shell for whatever purposes, has filed a pleading in the Ch.11 case, stating that they want the deal to be rejigged.
They say that their Counsel (Knoblock, yes?) was not a good fellow. He completed the transaction with the Trustee without telling them - the other partners say they signed pieces of paper without realising they were for completion. They really only wanted the shell but the deal as consummated by Knoblock didn't include it. They only learned about the Jan 2012 closing "weeks" after it happened.
In the meantime, they say, Knoblock did a lot of other things, unspecified, without their knowledge or authority. They had to hire forensic accoutnants etc to track down his "apparent improper" activity.
They want the court to reduce the $400K they paid and the liabilities they took on, or give them the shell (I'd say they could have it, seeing it's about to be revoked), or whatever.
I guess the Trustee's position will be - "Tough luck! It's between you & Knoblock." I wonder if Knoblock will make his side of the story known?
Anyway, another murky, retarded little LP-related story. There was obviously a curse of stupidity on the thing, draining several dozen IQ points from anyone who touched it.
