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Post# of 15624
Today, DGF filled a 13G which amends a former filing that was also an amendment on another filing.
DGF has finally come clean.
As has been maintained on this board for a very long time, DGF never controlled a damn thing.
Their filings were full of half truths and outright lies.
The claim by Phenix that Ziv is negligent is about as truthful as Phenix is when he writes his own bs...
Ziv has not once been contacted by Mr. Kugelman, not once and no request has ever been made for Ziv to "open any books."
Ziv has no clue who this man is.
Todays filing affirms what was posted here recently which said that DGF controlled nothing except 366 preferred shares.
Unconverted shares do not control the voting rights of the company and in the filing today DGF confirmed they own not one common share which through direct ownership determines who is in control of the company.
It was stated here repeatedly that only through a proxy vote of shareholders or through a reorganization of the company could DGF gain control of the company, neither of which ever took place.
And so we then get a post on IHUB from yet another braindead mod making the claim that Ziv must have sabotaged the vote(s) because all along he wanted brankruptcy.
May I remind readers Ziv has never been the one pushing false narratives.
This is directly from the filing:
ITEM 4 OWNERSHIP
(a) AMOUNT BENEFICIALLY OWNED: 55,493,834
(b) PERCENT OF CLASS: 9.99%
(c) NUMBER OF SHARES AS TO WHICH SUCH PERSON HAS:
(i) SOLE POWER TO VOTE OR DIRECT THE VOTE 55,493,834
(ii) SHARED POWER TO VOTE OR DIRECT THE VOTE 0
(iii) SOLE POWER TO DISPOSE OR TO DIRECT THE DISPOSITION OF 55,493,834
(iv) SHARED POWER TO DISPOSE OR TO DIRECT THE DISPOSITION OF 0
The Reporting Person(DGF) holds 366 shares of Series A Redeemable Convertible Preferred Stock, which are convertible into shares of Common Stock of the issuer; provided that the issuer may not issue shares which, when aggregated with all other shares of Common Stock then deemed beneficially owned by the reporting person, would result in the Reporting Person holding at any one time more than 9.99% of all Common Stock outstanding immediately after giving effect to such issuance.
What does this all mean?..it means DGF never controlled the company at any point..It means that would DGF attempt to convert their preferred shares the most they could convert to common shares would be 55.5 million shares....that number is confirmed as to what is left of the 500 million authorized shares.
So in effect as was called out here months ago...DGF's attempts to not only bully Ziv have failed...but their claims on the company and their control have all been shown to be complete bs.
I have no clue why the morons on IHUB like head moron Phenix fail to understand this and instead continue to challenge the truth and evidence that has been supplied on a platter right before their eyes.
Instead what we get from the IHUB cesspool is IGLOW showing up spewing the same old tired bs but when challenged has no ability to engage in any type of meaningful discussion and is only able to respond with stock answers which have been disproven many times over.
Phenix continues to attack the integrity of both Mr. Turner and Mr. Feldenkrais..referring to M. Feldenkrais as nothing more than an immigration lawyer while referring to CATV as a bloated pig...
May I remind readers that Phenix claims he made money on the company and was very quick to have himself installed as a moderator on the CATV board.
The problem with Phenix is that he has zero integrity in that he is unable to admit when presented with irrefutable evidence such as today's filing from DGF that he was wrong...and instead just like his mentor IGLOW goes on the attack.
We will continue to provide truthful information right here in IH. Ziv has never mislead us or lied to us...never.
I challenge anyone who continues to imply or call Ziv a scammer to please step up and provide evidence of such behavior...otherwise STFU!
This filing today is completely inline as to what was related to us a week or so ago when we were told that an agreement had been reached between Ziv and Kirkland...all legal challenged have been dropped..meaning the filings in the USA as was said on this board weeks ago are dead,over and done with....although if you choose to listen to Phenix..the Chancery court will determine everything...That is just plain WRONG and complete BS!
The insolvency hearing is 2 weeks away in Israel. This filing is very timely as it confirms what we have been told and it clears out any obstacles as to how things will be progressing moving forward.
Please stay tuned..there is more to this story which will be related here in the coming days and weeks.... Lot's going on.