08-10-2019, 09:18 PM
Hi King
your letter was very politically correct, but now that there true entent is know maybe we should sent a point blank letter to all the same contacts that you sent the first one to. Basically pointing out the following:
1. that DSMF was setup up as a non arms length entity and that the major shareholder controlled both companies.
2. that decisions where made to suck money from creditors and minority shareholders until no more was available.
3. At that point there plan was to bankrupt NMI and take all the assets for pennies on the dollar, leaving the creditors and minority sharehholders with nothing or very little.
4. The majority shareholders of both companies where one and the same - a real CONFLICT OF INTEREST (unethical and maybe even illegal)
5. Because of DSMF and NMI where being controlled by the same con artest, NMI was setup to fail and give all the assets to DSMF with no debts
6. Because of the conflict of interest the court should disallow DSMF's assest claim unless the minority shareholders are given equal shares in the reorganized company.
7. If this doesnt happen then the court should not allow DSMF to get any assets either under bankruptcy or restructuring because of this conflict. They should loose as the well as the creditors and minority shareholders. Scammers should not profit!!!
8. I am very surprised that PWC doesnt see the scam that has been going on for the last few years.
Hopefully you have the time to maybe reword and send to the same contacts as your first letter.
Maybe if we are very lucky we can sway the court. A long shot - but time to be very direct I think.
your letter was very politically correct, but now that there true entent is know maybe we should sent a point blank letter to all the same contacts that you sent the first one to. Basically pointing out the following:
1. that DSMF was setup up as a non arms length entity and that the major shareholder controlled both companies.
2. that decisions where made to suck money from creditors and minority shareholders until no more was available.
3. At that point there plan was to bankrupt NMI and take all the assets for pennies on the dollar, leaving the creditors and minority sharehholders with nothing or very little.
4. The majority shareholders of both companies where one and the same - a real CONFLICT OF INTEREST (unethical and maybe even illegal)
5. Because of DSMF and NMI where being controlled by the same con artest, NMI was setup to fail and give all the assets to DSMF with no debts
6. Because of the conflict of interest the court should disallow DSMF's assest claim unless the minority shareholders are given equal shares in the reorganized company.
7. If this doesnt happen then the court should not allow DSMF to get any assets either under bankruptcy or restructuring because of this conflict. They should loose as the well as the creditors and minority shareholders. Scammers should not profit!!!
8. I am very surprised that PWC doesnt see the scam that has been going on for the last few years.
Hopefully you have the time to maybe reword and send to the same contacts as your first letter.
Maybe if we are very lucky we can sway the court. A long shot - but time to be very direct I think.