May, 2011 $889,210 disclosure today = apology When I discovered TODAY the "financial circumstances" of the May 3, 2011 Press Release announcing the formal complaint by Brent Johnson to the Internal Revenue Service against Mike Fitzgerald........then the May 20, 2011 Option Agreement with Jorge paying him $3 Million over one year, I owe catchathief, yourkidinright and silver_bars an apology.
Mrs. Jackholm's payment of $889,210 in May, 2011 exposed the GREED surrounding Jorge and the MSX attorney Alan Finlayson (who wrote the agreement) for lots of CASH and STOCK.
https://www.infomine.com/index/pr/PB041931.PDF
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=88335277
https://www.cnsx.ca/Storage/1524/140217_NR_March182013.pdf
If Ms. Jackholm has not received her $13,070 monthly payment since June, 2011 ($323,680), then I can understand why Brent Johnson became the "target" by Jorge, Tom Jackholm and Bruce Olivier in 2012-2013.
I still support Brent Johnson. But I must agree with several posts silver-bars, catchathief, goldpanner, yourkidinright and others have posted seeking additional information.
Mountainstar, directors sued by 85-year-old woman
2013-06-12 12:59 ET - Street Wire by Mike Caswell
Mountainstar Gold Inc. and two of its directors are facing a $1.24-million lawsuit in the Supreme Court of British Columbia filed on behalf of an 85-year-old woman. The woman lent money to the company while under "unacceptable pressure" from Mountainstar's Brent Johnson and Tom Jackholm, the suit claims. The men arranged for her to take out mortgages she could not afford, according to the suit.
The allegations are contained in a notice of claim filed on Thursday, June 6, at the Vancouver courthouse by the guardian of Jytte Jackholm. The defendants are Mountainstar, Mr. Johnson and Mr. Jackholm. The suit identifies Ms. Jackholm as Mr. Jackholm's mother. (Mr. Johnson's name is misspelled as "Johnston.")
The trouble, as described in the suit, began in 2004 when Mountainstar's predecessor company borrowed $353,000 from Ms. Jackholm. By the fall of 2008, the company still had not repaid the money. Mr. Jackholm and Mr. Johnson agreed to assume personal responsibility for the loan, but despite demands they did not pay Ms. Jackholm, the suit claims.
The company took out a second loan from Ms. Jackholm in May, 2011, in the amount of $889,210, according to the suit. She allegedly lent this money under "unacceptable pressure" from Mr. Jackholm and Mr. Johnson. "By virtue of her age and her trust in [Mr.] Jackholm, the Plaintiff was subject to vulnerability," the suit reads.
To obtain the money, Ms. Jackholm took out mortgages over several properties, according to the suit. Mr. Jackholm and Mr. Johnson allegedly arranged the mortgages. As part of the deal, Ms. Jackholm was to receive eight million shares of Mountainstar's predecessor and monthly payments of $13,070. In reality, she received neither the shares nor any other consideration, the suit complains. (The lender on those mortgages, VWR Capital Corp., has since filed a $1.79-million foreclosure case against Ms. Jackholm, and is seeking the court's permission to sell four properties she owns.)
According to the suit, Ms. Jackholm was induced to enter the second loan agreement without the benefit of independent legal advice. Mr. Jackholm should have told her that the loan agreements should be in writing, among other things.
The suit seeks a $1.24-million judgment, an order requiring Mountainstar to issue eight million shares to Ms. Jackholm, plus an order barring the company from issuing any further shares or options that could dilute Ms. Jackholm's interest. In addition, the suit seeks punitive damages, on the basis of "wanton and highhanded conduct ... deserving of the Court's admonishment, reproof and/or rebuke."
The suit was launched on Ms. Jackholm's behalf by her guardian, Lisa Oleksiew (who is also her daughter). The suit states that Ms. Oleksiew has power of attorney for Ms. Jackholm. Vancouver lawyer John Fiddick of Whitelaw Twining Law Corp. filed the notice of claim.
Mountainstar, Mr. Jackholm and Mr. Johnson have not yet filed a response to the claim. The stock closed at 31 cents Tuesday, up a penny.
May, 2011, in the amount of $889,210
2004 – 2008 $353,000 = $1,342,210 + interest and 8 Million shares