leverage102
5 시간 전
if the judgement was Final with no chance to Vacate; why would Plaintiff Vik Grover file a Motion in opposition; see below.
PLAINTIFF VIKRAM GROVER’S OPPOSITION TO DEFENDANTS’
MOTIONS TO VACATE DEFAULT JUDGMENT AND TO RECONSIDER
The Plaintiff, Vikram P. Grover d/b/a “IX Advisors” (hereinafter the “Plaintiff”),
respectfully submits this Opposition, pursuant to this Honorable Court’s November 7, 2024 Minute
Entry, to the Motion to Vacate Default Judgment, dated August 15, 2024, submitted by the
Defendant, Net Savings Link, Inc. (hereinafter “NSAV”), and the Motion to Reconsider, dated
September 27, 2024, submitted by NSAV and Defendant, James A. Tilton (hereinafter “Tilton” and
collectively with NSAV as the “Defendants”), in the above-captioned dispute. The Plaintiff
respectfully requests that this Court deny the Defendants’ Motion to Vacate and Motion to
Reconsider, and further requests that a hearing be held on this matter.
This isn't a Pump, this is my Due Diligence. Read for entertainment if you like. Anyone can go online and see for themselves. What is the Plaintiff defending if the Judgement is final ?
leverage102
6 시간 전
This is in response to misinformation.. a Judgement can be set aside; Links below.
In Illinois, a default judgment can be vacated within 30 days by filing a written motion with the court. The motion must be sent to the other party in the case, and the filer must appear in court for a hearing. The trial court has the discretion to grant or deny the motion.
Approved - Order to Vacate Default Judgment
Illinois Courts (.gov)
https://www.illinoiscourts.gov › Resources › Mor...
PDF
The judge will decide if your Motion to. Vacate Default. Judgment is granted or denied and complete the rest of this form. have filed a Motion to Vacate Default ...
https://www.ilga.gov/legislation/ilcs/documents/073500050K2-1301.htm
Illinois Default Judgments Explained
O'Flaherty Law
https://www.oflaherty-law.com › learn-about-law › illin...
May 1, 2024 — When a default judgment is vacated, the judgment is essentially nullified, and the case proceeds from the point at which the default judgment ...
Vacating a default judgment | Illinois Legal Aid Online
Illinois Legal Aid
https://www.illinoislegalaid.org › legal-information › vac...
May 24, 2020 — You can get rid of ("vacate") a default judgment by filing a motion. This is a written request to the judge asking them to throw out the judgment.
How to Ask the Court to Vacate a Default Judgment ...
Illinois Courts (.gov)
https://www.illinoiscourts.gov › Resources › Mor...
PDF
o The court is more likely to grant your Motion to Vacate Default Judgment of Foreclosure if you file it no later than 30 days after the date the default ...
Under Illinois Law Finality is Not So Final
Pretzel & Stouffer, Chartered
https://www.pretzel-stouffer.com › 26.1.31.pdf
PDF
Under section 2-1401, a party can petition the court to vacate the dismissal order, but will be subject to the requirements discussed below. Id. There is also ...
TheFirm
9 시간 전
some of you are on drugs or have an inability to learn or comprehend... here are FACTS. not FANTASY. For example, when you leave a store with a power ball ticket, you have a chance to win $400 million... but the fact is you should not call your boss up and quit and curse him out. here are FACTS i know
1) there are ZERO employees..Nada. None. just JT.
2) there are no 'developers" or 'Programers"...the entire site is a white label ,leasable version from India,,ever wonder why site goes down? they missed payment
3) "under advisement" from a judge is a polite way of saying...'stop talking" ..its not a commitment or even a speed bump. means nothing after verdict is rendered.
4) nsav created fake value on self made tokens and used that to create fake revenue of '$11 billion" which everyone but leverage have laughed at.
5) the Judgement was based on NSAV not showing up,market conditions and potential..if you show up in court you can make the argument, otherwise you have to go by only compliant party
6) the judge cannot 'Vacate' the entire judgement willy nilly out of thin air...she awarded it a long time ago. it went final.
7)NSAV never filed appeal within 30 days of final judgement..
8) if they hit lottery like you dream of and judge reduced award to $100k....they STILL do not have money to pay for it and would still be in default
9) neither Cole nor receiver has been paid ...how many unpaid lawyers is this now?
10) receiver will recommend BK and she will be inclined to let him or offer it all to Vik...he doesnt want the company anymore because of fraud..so its an easy way to clean her desk of this mess .
Major Profits
20 시간 전
Where did you get that information? Can you post a link to it? TIA
You posted this:
The company asserts that the claims lack credibility and that its assets, including cryptocurrency holdings, are undervalued in the proceedings.
The receiver wrote:
Grover Judgment
The Grover Judgment remaining in this case remains outstanding, although the Company and Tilton have, through counsel, moved to reconsider and vacate that judgment. The Temporary Receiver notes that the $64 million value of the Grover Judgment was based on the high price of the stock, which was only achieved as a result of one of the Silverbear deals and excitement on the possibility of a new cryptocurrency exchange, none of which came to fruition and may have been the result of misconduct not attributable to Grover. Whether NSAV has meritorious defenses is beyond the scope of this Initial Report.
What? Possible "misconduct not attributable to Grover"? That right there seems troublesome to me but I do wonder why nobody else seems to give a crap. Not important enough? But don't forget the receiver also wrote this:
In addition to his personal review, the common conclusion is that the $11 billion valuation is not based upon any actual market, and—with the exception of the AWH principal—all have indicated that the tokens themselves have red flags suggesting the possibility of fraud.
What? The "possibility of fraud"?
And how about this, after EIGHT YEARS of Tilton?
The only verifiable asset that the Temporary Receiver has been able to find is $43 in an NSAV business checking account.
It boggles my mind that the receiver wrote those things but many seem to think it's no big deal. Like who cares? Well, I just hope other agencies might care, because, frankly, I believe some additional investigation into things here is warranted.
You also posted:
If the lawsuit results in a payout, the company may need to issue additional shares to cover the costs, though this could be mitigated if they secure favorable settlements ?.
The receiver wrote this:
VI. RECOMMENDATIONS AND NEXT STEPS
As set forth above, the Temporary Receiver’s preliminary analysis reveals that NSAV does not have any material assets that could be used to satisfy the Grover Judgment. The only access to working capital or any kind that NSAV appears to have is the sale of shares on the OTC Markets. However, because the Q2 Report does not reflect the accurate financial condition of NSAV—based on the Temporary Receiver’s preliminary analysis—the Temporary Receiver respectfully submits that the issuance of new shares bears too high a risk of noncompliance with the securities laws for him to authorize such issuance.
And what does this mean?
Given the severity of the gap between the Q2 Report and the Temporary Receiver’s view of the actual financial condition, it is not clear that any restatement of the financial reports would be reasonably possible.
Just wondering.
Oh well, not long now before we hear from the court.
GLTS
Big Hook
22 시간 전
This is what is really happening in court. Don’t listen to all the junk.
NSAV (Net Savings Link, Inc.) is currently dealing with a legal dispute involving a $64 million lawsuit. The case stems from a former employee’s claim about unpaid shares from 2016. The lawsuit has resulted in a restraining order that limits the company from launching new technologies, managing funds, or taking other operational actions. Critics argue that the lawsuit is overreaching and harms the company’s current growth potential rather than addressing its past issues ? ?.
The company asserts that the claims lack credibility and that its assets, including cryptocurrency holdings, are undervalued in the proceedings. NSAV remains optimistic about its ability to resolve the matter and pursue its initiatives, such as Staynex, a crypto-based travel booking platform ? ?.
If the lawsuit results in a payout, the company may need to issue additional shares to cover the costs, though this could be mitigated if they secure favorable settlements ?.
Major Profits
23 시간 전
"Defendant Net saving Link, Inc's motion to vacate default judgment203 are taken under advisement. Briefing is set on the following motions: Response to WRD Capital LLC's motion to intervene due 10/4/24; reply due 10/25/24. Response to Plaintiff's motion for writ of garnishment212 due 10/4/24; reply due 10/25/24."
So what month is this? If you don't know, it's now November. Ever think that, maybe, the judge wanted to wait to see what the receiver found out before deciding anything? (If she did, I don't think she's very pleased about what he wrote.) Also, does NSAV even have an attorney anymore? I read he left.
What a mess. 💩
GLTS
Major Profits
1 일 전
So, gotta ask, do you believe any of them 3-letter agencies will be doing anything about any of this? I mean, I watch the videos and also see what's going on with NSAV (and what the receiver wrote), but kinda hope something more will happen besides, say, a NSAV bankruptcy (if you know what I mean. )
TIA
GLTY
Major Profits
1 일 전
I've paid a huge tuition fee at the "School of Hard Knocks" believing such posts (often by those with a ton of followers) saying "copper soon!!" and other HYPEIUM and HOPIUM only to have the pps tank within a week. Then there's these:
From "Google U":
Pumptard
An overly optimistic stock market investor somewhat out-of-touch with reality. one who spreads false rumors with the intention of creating interest in a stock therefore increasing demand and a higher price. The pumptard sells the stock after it has appreciated and therefore benifits from the higher price. pumptards usually spread their dubious information via online message boards.
This from an Ihub post (on another board):
"Who ever is manipulating this stock is doing a great job. That’s how ya make money. Create a false narrative, pump pump, you get some suckers to buy, and the price goes up. Then, as you pump, pump, and pump more, you dump, dump, dump, those false narrative share right on them, to create more and more bag holders. Does that sound about right?"-Unknown iHub poster
GLTS
ccore10
1 일 전
Page 6 of his report:
Given the lack of resources of NSAV to fund even basic operations—let alone a
receivership or even potential litigation claims against AWH, Silverbear, or other counterparties—
the Temporary Receiver further recommends that his appointment not be made permanent at this
time. Moreover, as NSAV has no foreseeable ability to fund liabilities or future operations, the
Temporary Receiver recommends—subject to the views of the Parties to this Action—NSAV file
a Chapter 7 Bankruptcy, which will allow a court-appointed trustee to wind down NSAV in an
orderly manner under the provisions the Bankruptcy Code. The Grover Judgment, any other
liabilities, and any fee application approved for the Temporary Receiver would all be unsecured
liabilities in such bankruptcy proceeding.
Major Profits
1 일 전
"NOT IN THE RECEIVER AUTHORITY TO RECOMMEND BANKRUPTCY, LOL.
WHO'S THE CLOWN , LOL
Where does she get this chit ?"
Did you even read the report? The receiver wrote this:
VI. RECOMMENDATIONS AND NEXT STEPS
Given that NSAV appears to be, based on the preliminary review of the Temporary Receiver, deeply insolvent without any ability to satisfy the Grover Judgment and with significant concerns about the raising of capital via the public markets, NSAV and its stakeholders may benefit from filing for protection under Chapter 7 of the Bankruptcy Code. A Chapter 7 bankruptcy will preserve the Grover Judgment as an unsecured debt of putative bankruptcy estate, and will protect NSAV shareholders and other stakeholders by allowing for an orderly wind down of NSAV’s affairs consistent with the Bankruptcy Code and federal securities laws.
From "Google U":
Dictionary
rec·om·men·da·tion
/?rek?m?n'daSH(?)n/
a suggestion or proposal as to the best course of action, especially one put forward by an authoritative body.
Seems to me like that is precisely what the receiver did.
GLTS
.......................................
lakers17
1 일 전
Yep, most likely bankruptcy or expert market coming. NSAV is done. Judgement owed, receiver money owed, lawyer money owed, past salaries owed. No lawyer left and the three same clowns still hanging around, Tilton, Knoll and Osborn. Vik is not much better. I don't trust any of them. People with their head in the sand, ignoring all the real facts. These 4 management clowns will just move to another OTC play. We can read more nonsense about NSAV unique technology and their app. They have nothing unique that people want. The big crypto companies could easily do the same and actually have money behind them. NSAV is BROKE!
The money at least for now is in crypto. I have cleaned up easily covering my NSAV losses this time around and hope my many other OTC plays come back. The OTC is the only market not hot right now. The naive here backed the wrong horse. As always and they still beleive the NSAV story.
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