OK, so we can now establish some concrete things with the facts as presented. The judgement will be for 64K. I believe that will be peanuts for HJOE to take care of. The courts will only allow for the highest % rate of interest allowable by New York state law, which even if at 20% (guess) would add approx 13K. Again, I believe that will be peanuts for HJOE. We now also know that the courts will set a payment date, whether immediate, net 30/60 etc. Also, waiving attorneys fees is always a good faith gesture on the part of a plaintiff and perhaps we can surmise from this that HJOE has communicated their ability to pay (again, a guess), but maybe not far from the truth?

This will clear KBM and get them out of the picture for good. Now, we see the possibility of learning about other toxic lenders and how they will move forward in settling that debt. In no way do think this opens the door for an immediate return to trading, but I do think it clears the path to remove the remainder of the toxicity holding Joe back from their eventual return.

We are moving closer.