Replies to post #118 on Tigrent Inc. (TIGE)

[nickroc]

They could depending on CEO ownership, but in the LEAI 8k, the only LEAI companies mentioned were those of TIGE. So getting back to the 8k itself, no other companies or subsidiaries owned by LEAI were mentioned...just TIGE, thus this is a settlement for TIGE via LEAI. Or am I missing something?

On October 31, 2017, Elite Legacy Education, Inc. (f/k/a Tigrent Group Inc.), Rich Dad Education, LLC, and Tigrent Enterprises, Inc. (collectively “LEAI Parties”), all of which are subsidiaries or affiliates of Legacy Education Alliance, Inc, (the “Company”) entered into an agreement (“Settlement Agreement”) with Cynergy Holdings, LLC, Bank of America, N.A., BA Merchant Services, LLC, BMO Harris Bank, N.A., and Moneris Solutions, Inc. (each a “Defendant” and collectively “Defendants”) to settle litigation currently pending in the Supreme Court of the State of New York, County of Queens, titled Tigrent Group Inc. et al. v. Cynergy Holdings, LLC, et al., No. 703951/2013 and the Supreme Court of the State of New York, Appellate Division, Second Department, Docket Nos. 2016-6009 and 2016-6012 in which the LEAI Parties sought, among other things, recovery of $8.3 million in reserve funds withheld from the LEAI Parties in connection with credit card processing agreements executed with, or on behalf of, Defendant credit card processing entities as well as with Process America (“PA”), a so-called “Independent Sales Organization” that places merchants with credit card processors (collectively, the “Litigation”).

[SSP]

Yes, and for sure many will purposely be blind to this, to keep the stock price going. Just anyone playing this, be aware of what this distribution means, it works like a spin off of assets.