In Ovations Holdings Inc. (INOH)

[Raider21]

Ponder: Attention given to your #14. "Are DR permits paid?" MEI has no "valid" marine salvage permit, contract. Call it what you will. The contract belonged to Hispaniola Ventures, LLC (Webber) and expired back in 2011. MEI (Goldberg) tried to pull off an underhanded manipulation in an attempt to get an extension on that contract, already expired and without Webber's consent. It didn't. Even if it had, it would have been subject to cancellation because of total non-performance. In the Goldberg radio interview when he said the boat/s were moments away from leaving the dock. That wasn't at all true. No contract, no crew, no divers and the boat was under litigation at that very moment.

The DR fees that are not paid are the contract fees past amounting to about $30,000.00 dollars. That was a MEI obligation as funding partner in the JV. They never paid this and never told Webber. This problem now falls on Webber who is stuck with the obligation. This the reason why the DR won't allow a division of the existing treasure they hold. As all of the posted facts here come from speaking to Webber recently, I'm informed he now has to handle this problem himself. When divided and the 50% is sold, the proceeds will belong to Hispaniola Ventures up to the total debt amount of about possibly $300,000.00 dollars. I don't have the particulars on this and how it will relate to the law suit against the boat in Puerto Plata. So, up to that amount it appears the treasure belongs to Webber and the ill-treated divers. I also know, based on Webber's attitude and recent input, there will be additional large sum law suits to follow. We ALL hope MEI does very well with these booming water maker sales.