Posted On: 01/29/2016 9:16:14 AM
Post# of 15187
To rebut a consistent theme. It has been posted on several occasions that OTC companies in general are usually in bed with the toxic lenders. I agree. Many companies are. They set up their schemes and along with toxic dilution the company insiders make tremendous profit while screwing shareholders. I believe it was Kezzek or one of his ilk that just pointed that out. In most instances, that is correct.
Here however, we have HJOE who is counter suing a toxic lender who assured HJOE that they'd work with them on loan repayment, not convert shares and negotiate in good faith.
My question, and ultimately a rebuttal to that tired train of thought that HJOE is in bed with these guys.... WHY would HJOE spend money, counter sue a toxic lender and be willing to fight it out in court, if they are working with them??
The logical answer is simple. They are not working with them. They are not scheming with them to screw shareholders and are actually standing up to them.
Let's take it at face value, because we lack other facts, that HJOE has paid off the remainder of the toxic debt, as they stated. With KBM being the last and prepared to capture shares and convert upon filing, it makes perfect sense for HJOE to hold off on the filing, protect their precarious SS as well as SH from watching the "death spiral," after KBM converts.
As far as I'm concerned, this is an act of integrity on the part of the company, not an act of scheming or attempting to sell shares as is so often pointed out.
I believe KBM and those that work for them, and we all know who they are, severely underestimated HJOEs resolve and resources in this matter.
Here however, we have HJOE who is counter suing a toxic lender who assured HJOE that they'd work with them on loan repayment, not convert shares and negotiate in good faith.
My question, and ultimately a rebuttal to that tired train of thought that HJOE is in bed with these guys.... WHY would HJOE spend money, counter sue a toxic lender and be willing to fight it out in court, if they are working with them??
The logical answer is simple. They are not working with them. They are not scheming with them to screw shareholders and are actually standing up to them.
Let's take it at face value, because we lack other facts, that HJOE has paid off the remainder of the toxic debt, as they stated. With KBM being the last and prepared to capture shares and convert upon filing, it makes perfect sense for HJOE to hold off on the filing, protect their precarious SS as well as SH from watching the "death spiral," after KBM converts.
As far as I'm concerned, this is an act of integrity on the part of the company, not an act of scheming or attempting to sell shares as is so often pointed out.
I believe KBM and those that work for them, and we all know who they are, severely underestimated HJOEs resolve and resources in this matter.
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