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mdimport

07/10/17 2:20 PM

#21573 RE: SamuraiJay #21565

$TXHD can probably sue the penny stock promoters for treble damages for the entire Auctus and JSJ defaults. That's $1,275,000 accruing interest at 22% per year for the cash portion of the Auctus judgement, another 787,500,000 (262.5M x 3 = JSJ) shares which a settlement could force the promoters to purchase on the open market, and then there's still the $250,000 which $TXHD will now have to raise at an impaired value due to the price collapse.

Unsure how the Auctus 550M shares would be accounted for, but that would be up to another 1.65B shares if its settled at 3x on the same basis as the above. That covers most of the Wais Convertible Preferred Series C (1.75B shares).

It'd be a complex settlement, but that's how $TXHD is made whole as a result of the advice given to the company to voluntarily default on its creditors in favor of penny stock promoters.