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Microcap & Penny Stocks : International Automated Systems
IAUS 0.0400-9.1%Jul 8 5:00 PM EST

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From: TEDennis2/16/2022 3:02:08 PM
   of 7572
Court docs for the 828 Civil case have been updated. They are available at the website.

The Receiver's 13th Quarterly Status Report is interesting. It contains summaries of ongoing litigation and appeals.

Also ...

One of Neldon's appeals was to a ruling denying his motion to set aside the $50mil judgment and throw out the entire civil case. He filed that motion way back in August of 2020. That appeal was recently denied by the Federal Court of Appeals, meaning the judgment stands as decided by Judge Nuffer. Is anybody surprised?

And ...

After a Tax Court "test case" was ruled in favor of the IRS, several (all?) of those 200 taxpayers supported a motion to "intervene" in the Receiver's collection of funds. They claimed they should be compensated for their loss (that's a rough interpretation) and that the IRS was "double dipping" (again, a rough interpretation). The court ruled on that motion. Does anybody care to guess which side that ruling favored?

Finally ...

The Receiver settled with the estate of Roger Freeborn (RIP).

For those who might have forgotten the old adage, here it is:

"If it sounds too good to be true, it probably is."
-- IRS

Sure is a pretty day.

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