Replies to post #74268 on Livewire Ergogenics Inc (LVVV)

[shajandr]

" he will be making sure that no one is making a dime off of LVVV. He has a plan of action and it will take Bill, the Board and LVVV completely down."

Potential routes:

1. shareholder derivative suit

2. involuntary bankruptcy petition by creditors and depose "Bill" in a 2004 examination

3. Tort claim (against "Bill" personally and also in his capacity as CEO, director, and control person)
a) Fraudulent misrepresentation
b) Fraud on the Market/Securities fraud

With~OUTT having access to all potential evidence, such as personal communications between "Bill" and investors/creditors, it is nott possible to evaluate the merits of any such claim at this time. However, these claims are difficult to prevail on if the counterparty is sophisticated and has been diligent and careful in walking the legal "tightrope" of pennyscamming.

A well-architected pennyscam can be very difficult to crack. See UOIP board as one recent example.

[Master-of-Disaster]

There is likely more than one person that feels that way. Because you know if one person is thinking there is always more.

You are right. I received a message during the time allotment to send free messages last Friday. It was from someone who follows but does not post here. It seems he has some major issues with Bill and money owed to him. He is listed as a creditor on the financials. His message stated that Bill is refusing to pay him what is owed. He already gave Bill an extension. That Bill will be in default of the pay back date shortly. Bill is claiming LVVV does not have the money.
He said the date is coming and if Bill does not pay him. He knows his money is gone for good and he will be making sure that no one is making a dime off of LVVV. He has a plan of action and it will take Bill, the Board and LVVV completely down.
He detailed some of his plan. I will not repeat any of his plan here to avoid giving any ideas to anyone. I am absolutely certain that he is factual and determined. He told me his name and it checked out.