Replies to post #176149 on DD Support Board and Research Team

[1manband]

K&L Gates LLP is owed $706,155

That is very curious. K&L Gates didn't become a massive international law firm by holding the bag for over $700K of unpaid legal work.

I assume their legal work for the Company was on the biotech side rather than the securities side, as the Company's S-1's were prepared by other lawyers. Even so, that is a massive unpaid bill to allow to be rung up. Some partner at K&L is probably very unhappy since the bankruptcy filing.

[trader59]

Wow, thanks! You are the master...

I didn't pay attention to that lawsuit and had only looked at the total unsecured debt of $13.8M, knowing it would likely become 1.4B more shares in the O/S. And Auctus owed so much already, no wonder they stepped in and are trying to forward a plan that keeps their conversions, whether it will work or not. A lot of shares have traded in the last couple weeks, plenty of liquidity to dump on.

[trader59]

From January through February, when all those shares were issued for debt conversions, just about all of them were for more than 5% of the O/S and required a form 13D(?) to be filed at the time of acquisition....

Sure looks like there weren't any....

BRTXQ