Players Network Inc PNTV

Players Network through its subsidiary holds Nevada state-issued medical and recreational cultivation and production license(s). The company primarily engages in the growing marijuana and create extracts which are used for cartridges, oils, and edibles. It also owns a social network and lifestyle channel called WeedTV.com that aims at creating a network for the company within the marijuana industry. WeedTV.com is launching the go-to source for information, entertainment, products, and services.

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Players Network Inc > Lots of chatter on ihub - pntv

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Comment by NewDenverKnowson Dec 15, 2016 11:18am

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Post# 25604533

RE:RE:RE:RE:RE:RE:RE:RE:RE:Lots of chatter on ihub - pntv

We're not going to get anymore cheap shares here. Am I ready just in case? Yes. But I don't see another panic drop happening. I only see upward and big.

NewDenverKnows wrote: This is America. If you step on someones toes you're more than likely gonna pay the toes. Until the company says it's done, I believe it's still on.

mdjbrown wrote: NDK, things have progressed since that timeand it appears a Summary Judgement decision by the courts will be the future guide as to whether this legal labrynth continues or not.

SETTLEMENT CONFERENCE

A settlement conference was conducted with the undersigned Magistrate Judge commencing at 9:00 a.m. on August 9, 2016. In addition to above counsel, Mark Bradley was present as representative for Plaintiff. Also Thomas Nathan was present on behalf of Defendants. The Court heard presentations from counsel and from each of the parties present and thereafter met individually with counsel and each individual party. Discussions concluded at 2:00 pm.
No settlement was reached. Accordingly, the Court finds this case should be returned to the normal litigation track.

Here is a message from PNTV management that would support the above

In January 2014, PNTV filed a $150 million dollar lawsuit complaint against Comcast Communication for breach of agreement. Earlier this year the discover process was completed and Comcast filed a motion for Summary Judgment. This tacit is an attempt to prevent the case from being heard in a Nevada federal courtroom, prior to the motion Comcast has failed twice with similar motions trying to have the case dismissed. This is the last such motion allowed and we are currently waiting for the federal judge assigned to our case to make a decision regarding the motion. In early August 2016, a mandatory court ordered settlement conference was held to try and resolve the claim.

Both parties met and Comcast's legal team demonstrated they had no intentions of settling at this time we assumed that one reason is because no decision has been made on the summary judgment. I am hopeful a decision is made by the end of the year in our favor and a trial date can finally be set which will lead to a negotiated settlement or trial; either one is fine with me because I know we have a strong case.

Cheers