This is actually getting quite interesting. I've been reading the case documents on Pacer.
Did you read the 8 page document from the judge?
The judge basically slapped Discover across the face and told Kirkland that his original damage amount - $11.9 million - was obscene.
And I quote.... "The award plaintiff seeks would be so substantially disproportionate to the amount of loss that it would constitute an unenforceable penalty."
The judge also went on to say that this contract gave Kirkland a windfall and penalized OWCP unfairly.
It wasn't hard to see that. I'm glad the judge saw that too. It's a toxic loan.
$6.8 million for 381 convertible preferred shares after 5 years.
I guess Ziv was right. He screwed himself.
The Delaware Corp is void. The Registered Agent refuses mail. Everyone has resigned from OWCP. OWCP is without legal counsel. And OWCP is far behind on filings to be current. Who will pay to become current?
The DGF crew is just as crooked as the old OWCP group but they might come up with something interesting to pump and shareholders might reclaim some lost funds
Either that or do a reverse split. But I know how to stop a reverse split that has worked in the past.
I hope investors who lost their investment do well between this development and the Fair Fund.
I just received an email about this so thanks for posting it.
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