Replies to post #24623 on Tonner One World Holdings Inc (TONR)

[Chizzo0025]

He doesnt ever show proof of anything, he just keeps posting the same stuff over and over.

$OWOO is gonna explode soon.
Get ready for it!!!

[Voices of Reason]

The lender situation sampa is referring to are the two pending lawsuits in New York State against One World Holdings. It has been rumored/reported on this forum that these suits have been settled, but according to the website they are still pending/active:
https://iapps.courts.state.ny.us/nyscef/CaseSearch?TAB=name
(search under "Name" for "One World Holdings" for the Business/Organization

The two financiers sued OWOO for breach of contract - namely not paying them the shares they are due under the terms of the conversion. OWOO has not filed a response that is recorded, but stated in their last financials they intended to do so and further admitted they were delinquent on a number of notes.

These two suits do not include the pending Alief School District tax evasion suit against Trent and Sarah Daniel, and Elizabeth Melton - pretrial conference is set for May 15 in 133rd (Harris County) District Court: http://www.hcdistrictclerk.com/eDocs/Public/Search.aspx?Tab=tabCivil (search Daniel, Trent).

The $16 million debt number being thrown around is more accurately the accumulated deficit: http://investorshub.advfn.com/boards/read_msg.aspx?message_id=109158000

Regarding deficits, as of 3rd quarter, their immediate needs showed they were $5.4 million in the hole to cover working capital needs - this was the immediate cash needed to fund ongoing operations, sales, G&A, promotional activities, interest expense, etc....

[sampa]

See it for yourself (link below) two law suits filed recently in the State of New York. This is where the lenders are based, as you know it is common practice for lenders to have their contracts be ruled by laws of the State where they are based.
OWOO will take many to the cleaners.

https://iapps.courts.state.ny.us/nyscef/CaseSearchResults