Oh, the soap opera that is LTNC just took a wicked twist tonight! It's this sort of drama that I stick around for!
The way some people are going on and on about how "one-sided" the note is that you are suing over it would seem that not a single toxic note was understood that Ryan Schadel has used. ALL toxic notes are one-sided and the penalties for defaulting on them make the ridiculous original terms look tame. Even when paying them on time through conversions we have seen some notes approach 3x principal, so to be outraged that penalties would be DOUBLED in default is just silly!
To be honest, I don't know how wise it is to post on this sort of forum with pending litigation. I suppose if shares aren't owned in any way there may not be risk, but wouldn't there be a case for damaging the share price? I realize how ridiculous that is with a trip 5 stock, but the theoretical basis would seem to be there.
Anyway, assuming you are who you say you are I can't begin to express how ecstatic I am that Schadel is finally having to come to terms with his stupidity. I love it that "fraud" is now connected to his name even if it's just a pending lawsuit. I wonder if Schadel will use this development as an excuse to further delay the 10K... *gets popcorn*
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