Topic: P - page 19. (Read 78397 times)

It's like a cross between scenes from 'Breaking Bad' and 'Varsity Blues' .......

But that's a legal issue between the bondholders and the bond issuer, not between the bondholders and Pirate.

Essentially, the issue you have identified is: "In buying this bond from Goat, who promises to repay me only what Pirate repays him, have I or have I not implicitly authorized Goat to settle for less than the full value?  We know if Pirate pays 100% it must be passed through, and if Pirate disappears the value is zero.  But what if Pirate offers Goat a choice of either X% settlement or a lawsuit?"

That's legally complicated.  My guess is that so long as Goat can show that he negotiated in good faith and received the maximum amount from Pirate that can be expected, then I have no claim against Goat.  This is especially the case given that (correct me if I'm wrong) Goat also has personal assets in the same account.  

But even if that's not the way it gets answered, I still see no reason why it would be Pirate's problem legally.  It might be Pirate's problem from a practical standpoint if bond issuers are scared to take any haircut for fear of legal reprisal from bondholders.  Even then, if an independent receiver or judge ends up approving the disbursement of assets, then the bond issuers will be bound and the bondholders won't really be able to complain about the actions of the bond issuers, provided the issuers filed their claims on time and such.

Right?

Actually, if someone can prove that Tredon used a bitcoin address that was used for both paying interest on BTST accounts and GPUMAX then just file a lawsuit by serving the papers to the registered agent listed for GPUMAX.

Haha.
So I see that Pirate has decided to not put the money through your lying promises, but he wants to just pay the PPT customers directly, instead.
Which means, you will have no opportunity to screw anyone with your empty PPT bonds scam...
And now, since you've already dumped 30129 shares onto the market, of which over 10% has not been deposited into BS&T - you are so fucked up, Goat
Sell more, sell!  There is still time...

It's not so much will not as cannot. If the 5000 BTC account accepts 2500 BTC, all (s)he does is take responsibility off pirate and put it onto him/herself to pay his/her bondholders back.

(S)he would need the legal agreement of all of his/her bondholders to accept that agreement.

I can imagine Trendon lawyer's face when he told his lawyer what he was up to for the last few months.

"It's legal stuff" just doesn't seem convincing here.

At the moment an auto manufacturer goes bankrupt, it probably owes a substantial amount of money to it parts suppliers.

In turn, those parts suppliers probably owe a lot of money to their subconstractors and further suppliers, money that everyone knows they can only pay out if and when their big client, the primary manufacturer, ponies up.

I am certainly no bankruptcy lawyer, but in any recognizable liquidation process, since when do the parts suppliers have to give the bankrupt manufacturer a list of their own debts in order to make their claims?


On a similar note, if I own an ETF share or mutual fund that tracks a large number of stock and bonds, and somebody goes belly up or defaults, I'm pretty durn sure that my name never comes up in the proceedings -- it's only the fund operator.

OMG.....

Here comes the fake Law Office, contacting everyone...LMAO

I don't believe pirate is being legit but if he was then you pay creditors directly rather than through intermediaries so that you're not liable if the pass-throughs don't pay.

There is no good reason whatsoever for him refusing to give the pass-through operators contact details for his lawyer or accountant though.  It makes me wonder if pirate is collecting information because he hasn't maintained adequate records and he needs it to now create them.  Normally, the information would be submitted directly to the accountant/lawyer handling an insolvency and verified against existing business records.

It's obvious why Trendon wants to deal with individuals.

Someone with 50 BTC debt will likely take 25 to get it over with. An account with 5000 BTC will NOT simply settle for 2500 BTC.

Although it was NEVER about dollars previously.....it will soon be.

It's his own version of a '50% attack' on a different scale...LMAO

Wrd, on top of that I don't understand why bonds are ”tricky”. Just pay out the security issuer (Goat) and let him divvy it up from there. The only reason why it would be ”tricky” is if he (or whoever its using him aa sock puppet) wanted to ID all the bond holders. I wonder why he would want to do that?

He's probably bullshitting.  It's a 60 year old company and he definitely doesn't hold a significant role if he's even associated with them.

http://www.tlpwebsite.com/aboutus

I'm pretty sure he will pay back a percentage, though I'm not sure exactly how much. I'll try to find out more.

Goat, what are your plans for these bonds. Will you keep them open in case Pirate actually returns something?

Where did this msg here orginate from;
"Marlene,
Please send your professional resume to [email protected]. Be sure to include the type of position you're interested in and salary requirements.
Thanks,
Trendon Shavers
Director
"

sorry to hear that. :/  Just proof that NO ONE is immune to miscalculating a character judgement.

I'd still like to validate that the above is the correct Trendon. Ima take a break. If you have other info please PM it to me. thanks.

The above is why I thought he was a real world Loan Shark and Shady Realestate proprietor/foreclosure/house-flipper type.

With THAT in mind, his 'business' could have worked. I obviously had myself TOO convinced.

It's best to simply connect as many DOTS and KNOWN ASSOCIATES and let the Investigating Team sort it all out, once all info is provided.

The best way to ruin him will be to add pressure from EVERY avenue.

I believe he is the Director of the "marketing" Branch of this firm; http://www.tlpwebsite.com/aboutus  and    http://www.tlpdfw.com/contactdfw
If he is Director of anything that is. You sure that's our Trendon?

reading more... interesting indeed...

If he lists himself as 'Trendon Shavers - Director' ....then I am certain they would love to hear about this. 1 bad apple....just the exposure they need.

You sure that's not just the people that handled the short sale on his forclosed property a few years back?



hmm, another interesting angle.

I propose though, in order for him to file any thing. Would he not have to first prove him or his business was responsible to a debt?

The whole thing has me steemed and I was sketched enough to stay out of it. :/  On that note, going to go clear me head. ;p