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Friday, August 24, 2012 1:42:53 PM
Now it alllll Makes Sense why Jehu HATES MAZER/SGLN!
Jehu Hand, owed Mazer millions of dollars,
A Nevada corporation, Anahuac Management, sued Mr. Mazer in January 2009 alleging that Mazer brokered the sale of $200,000 in CleanTech debentures to Anahuac. When Anahuac converted the debentures into 1.5 million shares of CleanTech, Mazer converted these shares and claimed they belonged to him. The case is pending in Nevada Federal Court as case number 2:09-CV-01590-RLH-PAL. Anahuac claims a loss of about $1.8 million. Mazer's convoluted defense and counterclaim is that Anahuac was not the real owner of the shares. Instead, Mazer alleges, Anahuac's lawyer, Jehu Hand, owed Mazer millions of dollars, and Anahuac was invented by Hand as a way to repay Mazer. The repayment plan, according to Mazer, was that Mazer would provide the funds to buy Anahuac's debenture and then Anahuac would pay Mazer all of the proceeds from the sale of its shares, in order to repay Hand's debt. Apart from the fact that Mazer is essentially alleging a "stock parking" scheme as his defense, it makes no economic sense to loan money to a debtor so that he can then buy stock and repay the debt with the profits. Furthermore, Mazer has not offered any proof of any funds owed by Hand nor that he paid for Anahuac's debentures. In another conversion lawsuit which is no longer pending (Duluth Venture Capital v. CleanTech , et al., SACV09-121-CJC(RNBx)), Mazer alleged in his defense that he secretly owned Duluths' 1,500,000 shares of CleanTech.
"AT FIRST EVERY TRULY GREAT ACCOMPLISHMENT, WAS CALLED IMPOSSIBLE" - Fortune Cookie
"A billion here, a Billion there, pretty soon you're talking real money" - Everett Dirksen
ALL POSTS ARE STRICTLY IN MY OPINION.
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