Replies to post #69344 on QED Connect Inc (QEDN)

[Greed Kills]

1) the concept of a shell versus a company is a misnomer. The judgment is against QEDN (and GEGI). QEDN and the QEDN shell are not separate companies. It appears that QEDN is merely a shell as it appears to have no assets no contracts, no prospects and no hope of ever having any assets

2) Yes, it is true that it is hard (if not impossible) to conduct business while trying to avoid payment on $600,000 owed, when that debt has been rendered to a judgment. A judgment creditor has substantial rights to garnish receivables and assets and has substantial rights to subpoena a creditors business contacts so that they can learn about potential receivables. Lattuca has every right to garnish/take money as it comes in.

3) Companies don't typically avoid and/or mislead judgment creditors because of the substantial power those judgment creditors have. Even if a company believes the judgment was not properly entered or isn't due they typically take the prudent approach and try to enter into some sort of agreement that will make payment to the judgment creditor over time in exchange for the judgment creditor agreeing to cease collection efforts.

4) I don't think Lattuca's lawsuit is silly. Do you suggest he give up and let Kate make a lot of money selling shares while she refuses to pay him? I don't think you would give up so that Kate can make money if you were in his shoes. You would probably do the same thing Lattuca is doing.