Replies to post #23896 on Patten Energy Solutions Group Inc (PTTN)

[PatienceisVirtue]

Example of TCA's duplicitous nature:
TCA Global Credit Master Fund, LP Key Developments

Hispanica International Delights of America, Inc. and Energy Source Distributors, Inc. Files Lawsuit Against TCA Global Credit Master Fund, LP
Jun 2017
On June 14, 2017, Hispanica International Delights of America Inc. and Energy Source Distributors Inc. filed a lawsuit in the Seventeenth Judicial Circuit in and for Broward County, Florida against TCA Global Credit Master Fund, LP. The lawsuit was filed in connection with 2 loan transactions (the “Loans”) with TCA as the lender and Hispanica International Delights of America Inc. as the borrower and alleges that: over 100% interest charged on the Loans is usurious in violation of Florida law; TCA violated the Florida Deceptive and Unfair Trade Practices Act, including disguising interest charges as advisory fees in the amount of $550,000; breach of contract by, among other things, TCA seeking payment of usurious, illegal, unconscionable and unenforceable fees and failing to fund the full amount of the $1.6 million loan; and breach of implied covenant of good faith and fair dealing. On June 15, 2017, TCA filed a lawsuit in the Broward County Court against the company and Energy Source for breach of contract pertaining to the transaction documents associated with the Loans, claiming that it suffered damages and seeking compensatory damages and prejudgment interest upon the compensatory damages at a default rate of 25% plus accrued interest.