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variant2

09/26/09 3:34 PM

#84847 RE: diddi #84844

As a direct and proximate result of the unfair and deceptive acts and practices, YA Global has suffered monetary damages. YA Global is entitled to an award of its actual damages, to have its actual damages trebled pursuant to N.C. GEN. STAT. § 75-16, and to be awarded its attorney fees pursuant to N.C. GEN. STAT. § 75-16.1.

If Yorkville Advisors can prove to the courts that Brian Weber did engage in unfair and deceptive acts, then they will push forward to receive 3X (trebled) the actual damages plus exorbitant attorney fees.

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SammyTheBull

09/26/09 4:46 PM

#84854 RE: diddi #84844

lol, Convertible Debentures aka Floorless aka Death Spiral are real simple and highly toxic to companies. Many scammy pinks do them because they get quick cash and you screw the shareholders who end up footing the bill.

It works real simply. They loan money and receive the equivalent in shares. If the PPS drops, the number of shares goes up. There's no limit. At the same time they can short and make money all around.
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chocherita

09/26/09 7:46 PM

#84885 RE: diddi #84844

For what I understand according to the court file, is a good thing that YA GLOBAL step at front and demand bw to stop issuing shares, cause is decreasing i share holders value :On or about September 1, 2009, YA Global filed an application in the New Jersey Court for a temporary restraining order preventing Bebida--Nevada from issuing new shares of stock, from selling shares of stock currently owned by Bebida management, and from engaging in any other act that would dilute the value of Bebida stock currently owned by YA Global.
36. On September 1, 2009, the New Jersey Court issued a temporary restraining order prohibiting Bebida from "engaging in any act that would dilute the value of Bebida common stock" Seems that bw chooses to follow carnes school instead of paying to YA GLOBAL. He could avoid all this scandal but this is a wake up call.eom.thanks God that the sued is for $450,000 NOT 400 MILLIONS AS IT WAS WRITTEN BEFORE. Like I said above is good thing cause is force bw to stop printing shares and cap to a certain amount I don't care if is 7 or 20 billions what ever the #'s are will be better that unlimited. . WE MAY SEE IN A LONG RUN THE SHARE PRICE START MOVING NORTH IF WE BECOME A REAL COMPANY, TIME WILL TELL BUT ALL DEPENDS ON THE SETTLEMENT AGREEMENT BETWEEN BBDA AND YA GLOBAL.JMHO.