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Re: None

Monday, 03/17/2014 2:25:36 PM

Monday, March 17, 2014 2:25:36 PM

Post# of 148335
Update on Court Cases (Texas and Salzant)

Jason posts on the Company's Radio Controlled site....

Default judgement in Texas - granted a stay till the end of the month with a hearing to set aside the default judgement that was rendered - this one too should be interesting....
Sazant case in Florida - what to say about this..... Turner and all of his "Friends" will get their due
All of the rest of the "debt" etc etc etc etc that Turner keeps harping about - HANDLED and satisfied - let me say that again: HANDLED AND SATISFIED



The Truth ... remember that Jason references "Turner" who was the former interim CFO of the Company and knows the true financial status of the Company.

Texas case - no default judgment was ever granted...rather a much stronger, based on the merits of the case, SUMMARY JUDGMENT against PVE and Peter Villiotis. NO STAY GRANTED, rather a "Motion to Vacate" was filed with its hearing scheduled for this Friday, March 21. The Summary Judgment is currently valid unless it is overturned. NO APPEAL WAS FILED OR BOND POSTED IN THE TIME ALLOWED BY TEXAS LAW by the Defendant. It is highly unlikely the Judge will reverse herself, ignore the plaintiff's rights, ignore Texas law, and ignore the evidence that was presented to the court properly. No new evidence is allowed presented in the Motion to Vacate.

Sazant Case - Three attorneys engaged and withdrawn within the last two months. First, Michael Reppas withdrew, than a second attorney appointed by Peter and he withdrew in a matter of weeks, than a third attorney, Jones Law Firm (much promoted on the Company's web site as a savior of the company) and he has requested to be withdrawn within a month of engagement. I am sure the plaintiff will now seek a Judgment since Peter has been unsuccessful in three attempts of legal representation for his defense. Since this is a civil case...the courts will not allow this to continue much longer.

BOTH CASES ARE AGAINST PETER PERSONALLY AND THE COMPANY. THEY ARE IN EXCESS OF $1,000,000 IN THE AGGREGATE. Peter will be responsible personally for the court costs, attorney fees, accrued interest expense, and collection costs. I would estimate he will personally be liable in excess of $1.5 million dollars.

There are other lawsuits being drafted and submitted to the courts for unpaid wages and services by other parties.


CONTRARY TO WHAT JASON HAS REPRESENTED IN HIS RADIO CONTROLLED BLOG...NO LIENS OR JUDGMENTS HAVE BEEN REMOVED FROM THE SECRETARY OF STATE AND COURT FILINGS. IMO, I do not believe his statement that debts have been satisfied....why would Peter allow himself to be personally liable for certain debts and pay off other debts that are for defunct subsidiaries?

IMO, there are millions of dollars of debt, both disclosed and undisclosed, on the Company's Balance Sheet.

BE CAREFUL, BE VERY VERY CAREFUL

TRUTH, JUSTICE, AND THE AMERICAN WAY!!!

DON'T BE CAUGHT HOLDING THE BAG!