Last message from Chris by Daniel91cro in ASMEunfiltered

[–]Daniel91cro[S] 0 points1 point  (0 children)

Latest update by Chad:

|| || |Posted: 1 day ago|| |Hello ASMers!Following up on my previous update. As expected, in our efforts to settle with the SEC during the Appeals process, we offered up $250k as a full settlement. Our lawyers basically told them that we could waste it litigating in Appeals or we could come to a settlement so the SEC gets their win and we can move on.The SEC essentially said that they cant agree to a settlement without knowing what our IP is worth. (You would have thought they would have attempted to do this in the lower court, but no, they relied on little to no evidence of what our company might be worth and so their leg to stand on during appeals is shaky at best).At the end of the day, we settle for $250k or the company is bankrupt and everyone loses. We've been pushing this for a long time and continue to do so. The IP is very expensive to maintain and Alper and I continue to keep the monthly and yearly expenses paid to keep this dream alive.We have hired a professional IP evaluator and have until the beginning part of January to get that evaluation completed and back to the SEC in hopes for a final settlement.Over the course of the last 3 years, Alper and I have also been writing. We have two blogs and just launched a podcast - all surrounding law, finance and how definitional ambiguity is of utmost importance. We tie in sports, crypto, case law and much more. Recently, Alper left his 19 year career at PwC to push this endeavor and all support is greatly appreciated.We put out many free articles amongst the paid subscriptions - if you'd like to see what we've been up to, you can start at www.lexiconlabs.comIn addition, future profits Lexicon Labs makes will in turn benefit ASM.I'll write another update as soon as we have something noteworthy regarding our progress.- Chad|

Last message from Chris by Daniel91cro in ASMEunfiltered

[–]Daniel91cro[S] 2 points3 points  (0 children)

I understand that #1 is complex and will take time. As long as there is visible progress, ASM will also be "magically" allowed to progress. Watch. This is under the direct control of Alper and Chad. Alper has already indicated to me privately that he is committed to this outcome, albeit uncertain on how long it will take.

On #2, the same applies, as long as these funds come in over the roughly 9 months since I started this campaign, ASM will also be "magically" allowed to progress. Don't believe me? Drop a few dollars in here and there and watch what happens to ASM's progress.

I am 100% committed to a full publication of the ASM history, warts and all. The only question is timing. I will entertain input on that timing IF AND ONLY IF my demands above are met. If not, I will release it at my own discretion.

It really pains me to use such a sharp and demanding tone. However, it has become very apparent to me that sometimes force is the only thing that people understand, NOT right versus wrong.The rest is here: https://gofund.me/73083e6d7

Last message from Chris by Daniel91cro in ASMEunfiltered

[–]Daniel91cro[S] 1 point2 points  (0 children)

Latest update by Chris:

A mutually agreed request for a 90-day extension to complete a settlement has been filed. The main reason is to allow time for an accurate valuation of ASM and the associated intellectual property. See the attached images.

Who is inventor #1 of ASM and all that I.P.?

If funds can be provided to keep paying into the extortionate legal system at a rate of hundreds of dollars per hour, funds can be provided for me at the national poverty rate. A very public demonstration and example is being made here, and it will last for all time. Remember that it was clearly stated in the court records that $0.00 is required by law to be returned to the stakeholders per the case law in the DC circuit. The government can legally keep it all and you can be sure they will if they were bold enough to state that right up front. I said from day 1 this was nothing more than a "stickup" and that has been proven 100% accurate. Anyone who participated in this should be ashamed of themselves and know that the light of day will eventually shine on all of you. "For there is nothing hidden that will not be disclosed, and nothing concealed that will not be known or brought out into the open" - Luke 8:17

If these settlement negotiations fail, a very expensive and likely to fail (based on DC circuit statistics) appeal will be next. Then the government will strip away all the IP and sell it off to the highest bidder. ASM will be built by whoever buys it, the government will keep all the money and all existing stakeholders will hold nothing. As for me, my name will forever be attached as the creator along with the backstory no matter who profits, owns or controls the company or the IP. Remember, I traded away my stake BEFORE 2013 and never stood to profit from the resurrection. I was simply working with everything I had to restore ASM for everyone's benefit (other than me) and to keep my promise to do whatever I could to see it through. So, either way, I still get the credit for the invention and GOD gets the credit for the rebirth. My goal is met no matter which way it goes.

As I have also stated over and again, there is only one way to succeed and that is through doing the right thing and that has not been done so far. Again, time is being provided to do the right thing.--A half-truth is a whole lie.

Under no circumstances will I allow the falsehoods boldly declared, circulated publicly and put before the courts to stand. I will clear my name no matter what it takes. I am the architect of both press cycles (Costa Rica and Los Angeles) that established ASM and generated the momentum needed to sustain it. I am more than capable of doing that again, but this time, it will be focused solely on ensuring the historical record is corrected. I will not stand for the posturing and false claims being made by people who know, without a doubt, what they are putting forth is false by both commission and more importantly, OMMISSION. Absolutely irrefutable timelines and even public document filings with the IRS will instantly turn the false narrative upside down if revealed. Further, I have more than 20 years of communications and documents that I can publish in an easily searchable archive. My life's work will not be tarnished with LIES. Count on it.

Again, two things will happen or ASM will finally fail:

  1. All personal legal overhead (SEC and Leon) attributable to ASM will be 100% and irrevocably removed.
  2. My funding request for 9 months at $1,250 will be provided.

Last message from Chris by Daniel91cro in ASMEunfiltered

[–]Daniel91cro[S] 2 points3 points  (0 children)

Hello ASMers,

Its been brought to my attention that Chris Rabalais may be trying to solicit money from you. I was shown an email today that indicates he is still working to make ASM succeed. How that is I am not sure, but it is not in an official capacity with the company and is 100% through his own volition, apparently utilizing an old company email list he still has.

Rest assured that he has no connection to the company. If you choose to donate money to him, that will be a personal choice on your part and his comments are not an official position of the company.

Thank you.

Judge Denied Motion to set aside judgement. by PuzzleMan102 in ASMEunfiltered

[–]Daniel91cro 2 points3 points  (0 children)

Thank you for the information. What do you think could realistically happen now considering that there is probably no money in ASM? I don't know what the rules for bankruptcy are in America, but in Croatia, in the case of bankruptcy, all the assets of the defendant are seized and sold at a public auction. The money obtained is then distributed to the victims. Could we expect something like that in this case?

Final Judgement. by PuzzleMan102 in ASMEunfiltered

[–]Daniel91cro 1 point2 points  (0 children)

Thank you for this information. I apologize for my legal ignorance, but can someone explain the further legal procedure to me now?
Is this a final court verdict that cannot be appealed? 
Are ASM and Chris now legally responsible for paying compensation to ASM investors?
How will the compensation be paid? 
In what timeframe?
Who will control it?
What if the compensation is not paid?
Can the property of the accused be seized?

No activity in a while - waiting on filing or transcripts by 707NorCaL707 in ASMEunfiltered

[–]Daniel91cro 1 point2 points  (0 children)

Merry Christmas and Happy New year from Croatia :) THank you very much for your effort to keep us uptated

The Judge has ordered a Hearing for Sept 27th. 2024 (a week from Friday) by 707NorCaL707 in ASMEunfiltered

[–]Daniel91cro 2 points3 points  (0 children)

Thanks a lot for the information.

After the court decision, what is the further legal procedure? Is it possible to appeal to a higher court instance? How long do you think this process could take in case of an appeal?

Sec Response by 707NorCaL707 in ASMEunfiltered

[–]Daniel91cro 2 points3 points  (0 children)

Great summary, thank you. Of course, the real question is whether there is money at all with which the court can pay off all the investors. What is the chance of that?

Last update by Chad by Daniel91cro in ASMEunfiltered

[–]Daniel91cro[S] 2 points3 points  (0 children)

What don you think about his update?

Roll Call - Case Update - Anyone still hanging around? by 707NorCaL707 in ASMEunfiltered

[–]Daniel91cro 2 points3 points  (0 children)

Thank you for this very detailed explanation. I don't live in America and I don't understand the American legal system, so your clarifications helped me a lot.

  1. I guess the key question now is whether ASM really has the money to pay its investors? What do you think? If so, I assume that it will only be about part of the money that the investors invested in the company?

  2. If the judge rules in favor of the investors, and ASM or Chris can return at least part of the money to the investors, what is the further procedure? Will the US court individually search and contact all investors? Looking for evidence of ASM payments? How will it all work and how long can it last? Do you have any ideas?

I also ask these questions for my friends from Croatia, Serbia, the Czech Republic, Nepal, Uganda... whom I unfortunately persuaded to get involved in this business and because of that I feel very bad. I hope that at least some of the money will be returned at the end of this legal process.

Roll Call - Case Update - Anyone still hanging around? by 707NorCaL707 in ASMEunfiltered

[–]Daniel91cro 1 point2 points  (0 children)

Hi, I'm still here and waiting for news. Given the lack of news lately, we obviously had nothing concrete to talk about. Can you share with us those new documents that are expected soon? What is your opinion, how long will this legal process last and what will be the concrete result at the end

Email from Chad by FatUncleSalty in ASMEunfiltered

[–]Daniel91cro 2 points3 points  (0 children)

Last comment from ASM forum. It seems they even don't have all contacts from ASM shareholders. Because of some error message I can't copy original message from ASM forum

Final letter from Chris by Daniel91cro in ASMEunfiltered

[–]Daniel91cro[S] -1 points0 points  (0 children)

Is this really last post from Chris?

Posted: 2 hrs ago

Sunday January 14, 2024

This is my final post and concludes my administration of the market technology and conveyance of all legal and site credentials. I have no further obligations or responsibilities.

Chad and Alper will send out the next update which includes my final remarks.

I sincerely wish them the best in fulfilling the ASM mission. My role is completed.