HJOE could have done like so many other companies do and just let KBM convert their note whether or not it took a R/S regardless of the impact on shareholders but they didn't. I think their not only going to fight the KBM suit. But may have some counter claims of their own. Both the Kramer brothers have been in trouble for the actions in the past. Asher and KBM both do predatory financings which if proven in court are criminal actions. For example although their is nothing illegal about shorting a stock, if KBM was shorting the stock either prior or during their conversions so they got more shares or more profit than the otherwise would have. It would be a form of market manipulation and against SEC rules and a criminal act in court. Sooner or later they will get what they deserve and I believe HJOE will do their best to make it happen. I'm sure a judge could make KBM produce their trading records of HJOE.
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