Replies to post #27182 on GenTech Holdings Inc (GTEH)

[Slojab]

Could be. Any mention of him was before I began posting here. But if he is, I don't still know how that would play into the revocation theory based on the fact that it's a non filer.

[jet101]

I think he was trying in the past but then got shot down in a court case, I think.

Under the terms of these acquisitions, both of which were organized and under the control of Vert Capital’s Adam Levin, Pocket Games was to receive full financial disclosure in order to maintain its ‘fully reporting’ status with the SEC. Subsequent to the closing, neither acquisition target was able to provide full financial disclosure and Pocket Games’ attorney opined that this was a material breach of the contracts and the acquisitions were unwound. The unwinding activity was completed in February 2016 with cancelation of and and all shares issued for said acquisition activity. Subsequent court action is outlined in SEC filings.

In the case of Venture Lending & Leasing -vs- Vert Capital Corp, Pocket Games and its recently acquired subsidiary, Kicksend, were named as defendants in court documents and a judgement filed against Pocket Games as Adam Levin’s company, Vert Capital, put up no defense to the case against them. Pocket Games is in communication with Venture Lending & Leasing and, as of August 2018, an agreement in principle is in discussion to resolve the issue. Based on this judgement, the Company has recorded accrued judgement payable and loss on deconsolidation in the amount of $1,068,339 for the year ended October 31, 2016.