Replies to post #46178 on Calissio Resources Group Inc (CRGP)

[meikodog]

While Sugarman 'thought' he was the smartest man in the room, it would seem that Salas 'is' the smartest man in the room:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=120216855

Was Sugarman part of Salas' circle of trust?:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=120217229

Regardless, while most BANC dirt is very probably irrelevant to the CRGP litigation, you and the whistleblower have done a fine job of bringing attention to the BANC-COR connections. So Sugarman resigns in disgrace after years of subterfuge and deflection. Salas has played an active role in the CRGP litigation, even making an appearance in which Judge Strom asked him some pointed questions -

--transcript--

Q. Have you made any claim against — you, when I say you, COR — has COR made any claims against Darbie as a result of this conversion of debt to equity or the subsequent sale of the shares that were issued as a result?

A. Yes, in the following sense: We approached Darbie with this. They understood their liability to our firm for indemnification against errors or any losses caused by their activity or customers’ activity. And so Darbie paid to our firm a half million dollars in exchange for which I permitted — or the firm permitted the remaining unsecured debit balance to be owed to us by Darbie in the form of an unsecured — excuse me — yeah, an unsecured but a subordinated note.

Q. Okay. So there was an agreement between Darbie and COR whereby Darbie paid COR $500,000, first of all, correct?

A. Correct.

Q. And then there’s a subordinated note from Darbie to COR in the amount of how much?

A. 1.2 million — or thereabouts, about 1.2 million.

Q. And so collectively that’s roughly $1.7 million; is that right?

A. Correct.

---

So Salas and COR have already admitted access to at least 1.7 million of the four million being litigated, but since Salas' conversation with Judge Strom, COR has moved forward with subpoenas against the brokerage defendants and now is seeking a conversion and constructive trust. Salas appears to be doing his own version of connecting the dots in what may be a high stakes game given that, as I've said before, COR seems to be just as liable as the other players involved here.

Something's not quite right here. COR has had its fair share of dirty laundry. Again, this litigation is just not the norm in my opinion - COR has very likely already spent in the neighborhood of the 2.3 million it is 'short' on the CRGP debacle in the form of legal fees/costs.

What is COR's end game?