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Wednesday, October 24, 2012 10:55:31 AM
dirty debt deals of the past???????
James and Corrine by their own words admitted that they didn't even follow the proper legal procedures to take those assets away from the Falcon Entertainment Corp shareholders
Because there was no judicial determination as to the validity of the transfer of title of the assets to Corinne Fallacaro, there can be no assurance that shareholders of Falcon will not assert any claims which challenge the validity of the transfer of assets. In the event such a challenge was successful, our operations would be severely impaired.
Since James Fallacaro was the CEO of the Falcon Entertainment shell at the time that the Falcon Entertainment shell allegedly defaulted on a $700,000 debt Note due to James and Corrine Fallacaro then it was James Fallacaro's fault that the Falcon Entertainment Corp shell failed and it was his fault that it got abandoned and it was his fault that 8 years later the shell got revoked.
How convenient that the $700,000 debt Note was replaced with a $1,500,000 debt Note.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=79739094
Look forward to your response 7!
TIA
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