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Microcap & Penny Stocks : International Automated Systems

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Jul 8 4:00 PM EDT

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From: TEDennis	7/17/2023 12:03:00 AM
	of 7616

The Court Appointed Receiver filed another Status Report. There are only 5 more of the "many, many" (a Shepard-ism) Receiver-filed cases still open. - Plaskolite (Manufacturer of the lens) - Randale Johnson (Neldon's son) - LaGrand Johnson (Neldon's son) - Glenda Johnson (Neldon's wife) - Nelson Snuffer Dahl and Poulson (Neldon's lawyers) Eleven more judgments have been assigned to the IRS for collection. They were added to an existing IRS list of people who did not pay their judgments. Not an enviable position for those folks. Thou shalt not pi$$ off the IRS. As of the date of the Status Report, there were 7 active appeals from prior judgments. All 7 of those appeals have since been "Terminated on the merits after submissions without oral hearing". That should come as no surprise. In essence, the appeals were a waste of everybody's time. Did interest on those judgments continue to accumulate during the appeals process? I don't know, but it has been several years since the Receiver initially filed those claims. The interest amounts could be sizable. Add that to the judgment amounts ... ouch. The Criminal contempt of court cases against Neldon and Glenda Johnson are still awaiting trial. They were stayed as a result of Neldon's poor health. A scheduling conference should be happening "soon". Considering the track record of events in this "massive fraud" mess, "soon" could take years. Will Neldon survive long enough to stand trial? Sure is a pretty day. TED

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