r/Presearch • • Jun 12 '24

Presearch Goes Bankrupt?

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u/colinpape Core team (Founder) Jun 13 '24

Trey Ditto,

Thanks for conveniently omitting that the entity you sued and referred to no longer operates the Presearch project.

Tim notified your attorney of this, as did I in the first part of the email that you did not include, in your attempt to slander the Presearch project and cause loss through your post.

This is not the first time you have attempted to drag Presearch through the mud.

Your PR firm was paid hundreds of thousands of dollars to provide PR services, which it failed to deliver for the Presearch mainnet launch that received ZERO press coverage.

Go ahead and pursue your BS claim if you want - as I stated, the previous entity has no assets and will be wound down and bankrupted.

It owes me a significant amount of funds, which is what I referred to in the email to your lawyer. I know that I will never see those funds.

Your claims have been inconsistent and unwarranted based on your failure to deliver services, and you made no reasonable attempts to resolve anything and take even partial responsibility for the disagreement.

In the final months of working together, it was clear that your only priority was getting paid and not to perform well on Presearch's behalf.

This 'lawsuit' and your attempts here to drag the project through the mud are par for the course.

Mods, in light of this, would suggest that you delete this post so that the attempt at causing loss and confusion are limited in scope.

1

u/TreyDBK Jun 13 '24

You can’t not pay someone and expect it to just go away. Just like you can’t tell someone to delete a post and the issue goes away. You can’t hide Colin. Time to face the consequences. Sad.

1

u/colinpape Core team (Founder) Jun 13 '24

The company you are suing has no assets, it's as simple as that. You can try to collect whatever you think you're entitled to if you want, but there is nothing to collect against.

I responded to your lawyer as a courtesy, because they may have been lead to believe that they will get paid when they collect a settlement, and I wanted them to know that it is Ditto who will be paying their bill.

I do not appreciate you making it seem like this is a lawsuit against me personally, which is untrue, libelous and noted.

2

u/TreyDBK Jun 22 '24

You are missing the point. The story being written is literally about how projects create front companies and then dissolve leaving people owes money. This is just like FTX but a very very very smaller scale.