Replies to post #29290 on Capital Financial Global Inc (CFGX)

[penny2dollaz]

If you read toward the bottom, Capital Financial, LLC, filed a counterclaim (yes after the initial claim) seeking to recover previously incurred costs $104,325, plus interest. The counterclaim defendants have denied the substantive allegations in the counterclaim.
Capital Financial, LLC, has filed an amended counterclaim further asserting breach of contract and foreclosure on the collateral securing over $1.0 million in indebtedness. The counterclaim defendants have denied all substantive allegations of the amended counterclaim.
The lawsuit is in the early pleading stage. (not early anymore) since it has been over 3 years since the suit was filed.
The suit can be found here: http://www.utcourts.gov/xchange/
however, someone will need to get their credit card ready,

I do not know why it would be a problem for Norat to get back the $770,000 he loaned to BCA and why would he need to repurchase the preferred b stocks from Zermatt? if each companies were not affiliated (as per contract)how would BCA have known Norat sold the b stocks to begin with? Ahh,, because both BCA and Zermatt are affiliated and may have even set Norat up on the deal from the start? This may even go to criminal but I do not see any wrong doing on Paul's side. All in my opinion, of course. Quite a mess but he is in the business of loans so these things will always be a part of doing business, unfortunately