Replies to post #4851 on NIR Group

[stockmasterflash]

But the money is still owed

and the debt is now stipulated as valid via court judgement.

The asettlement agreement calls for payment of $8,018,325 payable in "shares of stock" beginning on May 4, 2011.

Both parties have agreed that a default will accrue at 12% interest and Itronics stipulates to a judgement against them in the event of default.

All other previous claims by both parties are dismissed WITH PREJUDICE

***

I don't know how this is getting out from under Cory Ribotsky. You guys owe $8 million paid in stock, I assume at the original discount, and you waive all claims against CR. And you stipulated to the court that the debt is valid and you waive dispute against the judgement

Sure looks like NIR has you by the balls here and it looks no different than the result of every other time NIR went to court against a deadbeat borrower. They are sleazebags but their contracts are ironclad and ALWAYS hold up.

[suninthefun]

"Gone" "Dissolved" "Expunged" "Cancelled"
All your words bro. It is great reading. Your post about the "seashells" is an all time classic. I will repost for you-

"It is now payable in seashells which I will receive in two years. We now have a new agreement. This does not require the judge to rule. I can now remove the debt (notes) from my balance sheet. Walla! Thay have been expunged! Itro is now free of the notes payable on the liability side of their balance sheet. Since I will be paying you in "free" seashells, I do not have to replace the note with any other liability. "
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=62895794

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=62933454

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=62917502

[suninthefun]

Are you sayin George Soros shellacked itronics? This is great. Not only NIRs $8 Million of notes are "Gone" "Dissolved" "Cancelled" "expunged"
but now Soros cares about itronics. Please tell us did Soros sell short itronics for NIR?