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Pastimes : Investment Chat Board Lawsuits -- Ignore unavailable to you. Want to Upgrade?

To: RavenTree who wrote (8087)	4/16/2005 6:20:19 PM
From: olivier asser	Respond to of 12465

Raven - Maybe those two should not have ignored the lawsuit, because default means they didn't even respond. You sure about a penny stock with 4 BILLION shares outstanding? LOL! WOW.

To: RavenTree who wrote (8087)	4/16/2005 7:27:30 PM
From: Kevin Podsiadlik	Respond to of 12465

Does that default judgement actually specify who the defendants were? We just saw a case last month where a similar default judgement was rendered but was unenforceable as the defendants were not within the court's jurisdiction.

To: RavenTree who wrote (8087)	4/16/2005 10:06:17 PM
From: Jeffrey S. Mitchell	Respond to of 12465

Re: 4/8/05 - [ADOT] "Judgment in the amount of $13,500,000.00 against Proudamerican15 and Inkogkneeetoe." Nevada Judge Assaults the First Amendment How is it possible that a company with ZERO revenue, that has yet to deliver on any of its press releases regarding its alleged products was harmed by message board posters by $13.5 million??? How can a company who has diluted its stock to nearly 4 billion shares be hurt to the tune of $13.5 million by message board posters? Well as incredible as it sounds that's exactly what a Nevada judge believes. Here is the travesty of "justice" straight from the Nevada Courts website: I took the liberty of bolding John Cousins' statement to the court. Judge Cherry, Michael A Dept. 17 Case 04-A-486267-C Status REOPENED Event 04/08/2005 at 09:00 AM HEARING: PROVE UP OF DEFAULT Plaintiff Advanced Optics Electronics Inc Attorney Tanner, Mont E. Parties 0001 - P1 Advanced Optics Electronics Inc No 004433 Tanner, Mont E. Yes 0002 - D1 Inkogkneeetoe No 0003 - D Proudamerican15 No 0004 - D Athena-Sword No 0005 - O Microsoft Corp No Argument by Mr. Tanner that after the defamation, the stocks dropped significantly. Further, Mr. Tanner advised his costs are $269.75 but the attorneys fees will be zero. John Cousins sworn and testified telephonically that the amount of the default judgment was determined by deducting the price of the stock price at the time of the judgment from the price at the time the incidents began last year. Further advised they also took into account other trends in the market. COURT ORDERED, all pleadings on file all previous hearings and/or documents that support this and the testimony of Mr. Cousins are ADOPTED and ORDERED, Judgment in the amount of $13,500,000.00 against Proudamerican15 and Inkogkneeetoe. Judgment signed in open court. And then there's this additional outrage from ADOT's 10k The Court's order also provides that the defendants must pay the Company an additional $905,794 as pre-judgment interest. athena-sword.org