PowerTac?

fadetoblack73 said:

Is there something that I don't know about the company that most everyone else does?

Click to expand...

4sevens said:

I'll just go ahead and clarify this POWERTAC, LLC, JIAN LI, BORENCIO DARDEN, JIAN LI AND BORENCIO DARDEN PARTNERSHIP lawsuit.

It's all publically available anyways but I'll summarize.

Jian/Powertac/Tacbeam/Borencio owes Olight approximately $160,000 and refuses to pay. Olight assigned the debt to Fenix Flashlights, LLC (one of my companies) to pursue this debt.

Basically Olight shipped $160,000 worth of product to Jian/Powertac/Borencio late 2011 by ocean. Jian asked for a special waiver to not pay the bill until the products arrived.
Meanwhile beginning 2012 Jian/Powertac/Borencio started their own brand - in fact this was started months ago, in breach of their Olight distributorship contract.

Basically they used the $160,000 they stole from Olight to start their company. Actually the net revenue is probably double that because they sold Olight product at retail and wholesale and not at cost.
So they made out with a third to a half a million dollars from stealing from Olight.

Fenix acquired that debt and filed suit to claim the unpaid debt. simple right? It's been two years already. They still refused to pay the debt.

Anyway - I can write a book on this. There is no limit to the deceptive craft that has been going on.
All I can say is justice will be served. It's not a matter of if but of when.



-David

Click to expand...