I agree with the lol at the end - that was a laugh
Post# of 15187
"Here goes, HJOE borrowed money from KBM and they defaulted on the loan - and when KBM tried to collect - within the constraints of the Promissory Note that HJOE signed and agreed - HJOE failed to repay the loan.
So once again slowly, HJOE obtained a loan from KBM and failed to repay the debt. Now do you understand how KBM was harmed? LOLOL!!! "
How much money did KBM make off the loan in terms of converted shares being sold in the market, repayment, penalties, and interest? Was it more or less than the original money loaned? If more - how much more? If less - than there is harm. Breach in of itself does not constitue legally harming.
Further - if $HJOE is successful in their counter claims, they will show material breach by KBM long before HJOE breached thru default. If there is any evidence that Terry Johnson was directly connected/involved with KBM - it will become even murkier.
I read the agreements. What I havent read or been privvy to were the conversations leading up to and afterwards that framed the original agreement and negotiations afterwards.