Replies to post #79999 on World Surveillance Group Inc (fka WSGI)

[pokestake]

You're right, I was mistaken about the grace period. My memory twisted it up with the part that talks about a default by Globetel that will occur after two consecutive missed payments (actually one month of missed payments by Globetel). Sorry about that. Should have gone back and read it.

They are definately shooting bullets though, and yes, bypassing the arbitration shows that.

[followinsnsr]

"4. Another reason Globetel might be fighting to get the equipment back is if Uli declared a default and properly served Globetel with a default notice. If such is the case, the agreement stated that Uli could hold as collateral any inventory or test equipment until the default is cured."

Hmmm....nice way to shift all the assets of the Hotzone to Trimax....Globetel sues Trimax...loses the case....goes BK.....K boy's shifted assets to the shell. Default never cured.

Reminds me of the time I sued my partner and wanted to lose the case. He won and was happy, I lost, was happy, partnership dissolved and got the large contract I was working on with no partner.
Been told many times, I am a lot smarter then I lead people to believe. LOL.