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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony,

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From: anniebonny4/12/2008 6:49:46 PM
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Accounting - Shane Traveller style....

search Sequoia International

An example of what is happening - from AERP 10Q filings:

On November 7, 2007, the Company agreed to a court-ordered settlement for payment on services previously rendered by a director of the Company valued at $80,000. The director had previously sold the services contract to a third party who then sought payment and brought an action against the Company in the 12th Circuit Court in Sarasota, Florida. Under the terms of the settlement, the Company issued a total of 72,700,000 shares of common stock. As a result, the Company recorded settlement costs of $318,850 which represented the difference between the fair value of the shares issued and the value of the debt obligation.

Now bear in mind many of the companies listed in those lawsuits in Florida do business with Javelin Advisory Group. Shane Traveller at one time (still?) was 50% owner of Javelin.
There is a well connected group that have been playing a game of rotating CEO through numerous r/m they have arranged.

Since the shares are not restricted you can only imagine what typically happens - Dilution and r/s.
Is there such a thing as a friendly win win lawsuit? Except that shareholders are not part of the win win?
I am not an accountant - but does this seem right???
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