As far as summary judgement motion goes, I think i
Post# of 15187
Posted On: 06/17/2016 8:31:03 AM
As far as summary judgement motion goes, I think it is a calculated move on behalf of the company to cut down on what could be a costly trial. I don't necessarily believe it means that the company has "the goods," on KBM because if that was the case, they'd want it to go to trial to expose the scam. I expect that KBM may come back end of month with the same type of response and ask for summary judgement against HJOE. That impasse, if it happens, will simply push it closer to trial and/or settlement. I am a little surprised there was no TRO for a stay on conversion, but I also don't know the inner workings of the case or scenario behind how many shares KBM may own.
I don't think the motion was a bad thing, as HJOE is asking the judge to simply decide as a matter of law, in this case usury and perhaps void the contract. Just my opinion on this last motion, but I think we have a ways to go before this is all said and done.
I don't think the motion was a bad thing, as HJOE is asking the judge to simply decide as a matter of law, in this case usury and perhaps void the contract. Just my opinion on this last motion, but I think we have a ways to go before this is all said and done.
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