TP - I don't waste my time arguing with those who
Post# of 40991
(Total Views: 362)
Posted On: 10/03/2018 12:31:32 PM
TP - I don't waste my time arguing with those who only want to bring me down to low levels and beat me with their experience in the sewer. Never saw you this way, so why did you decide to go there? Maybe because you didn't like the last post that made your "eyes glaze over" that you were going to read more carefully over the weekend (and then never followed up, just like you accuse SB of doing)?
I'm not going to waste my time going into more detail, nor refuting your other post over there with the actual facts and what I actually stated, but here's the black and white on the issue of the original $215K claim made by LG - FROM THE COURT RECORDS.
I'm not going to waste my time going into more detail, nor refuting your other post over there with the actual facts and what I actually stated, but here's the black and white on the issue of the original $215K claim made by LG - FROM THE COURT RECORDS.
Quote:
28. LG is entitled to the latter calculation of damages, or the “Parity
Value” of the Default Sum. According to this remedy, LG is entitled to the highest
amount of Common Stock issuable upon conversion multiplied by the highest
Closing Price for the Common Stock during the period beginning on the date of first
occurrence of the Event of Default and ending one day prior to the Mandatory
Prepayment Date, as well as all other amounts payable under the Note.
29. Based on the Notice of Conversion submitted, LG was entitled to
50,265,200 shares of ONCI Common Stock.
30. Since the Notice of Conversion was delivered on October 27, 2016, the
highest closing price of the stock was $0.0043.
31. Accordingly, pursuant to the explicit and agreed-upon terms of the
Note, LG is entitled to $216,140.36 as a result of ONCI’s failure to deliver the
shares pursuant to the October 27, 2016.
Quote:
tigerpac Wednesday, 10/03/18 10:20:03 AM
Re: MoneyForNuthin post# 193517 0
Post #
193551
of 193581
You are just wrong.
LG would have received 50 million shares at a fixed .0001 in late 2016. What LG would have sold them for has no bearing on how it affected On4.
LG may have been able to sell the shares as you claim for $215K but that was no settlement. It wouldn't have cost On4 215k as you are attempting to claim.
SB would have been on the hook for just $5000 , the cost of the issued shares. Now he is on the hook for $55,000.
You may want to read the final decision again.
Way to go Steve.
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