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Crown Equity Holdings Inc CRWE is Awarded TRO Against Billy Barnwell CEO of EQCO2, Inc (CLNO)

Crown Equity Holdings was awarded a TRO (Temporary Restraining Order) against EQCO2, Inc. CEO Billy Barnwell & Discovery Carbon from a judge last Friday in Las Vegas Regional Justice Court.

The court ordered TRO effectively shuts down Billy Barnwell from engaging in any activity that might be damaging to EQCO2, Inc. (CLNO) shareholders.

The TRO was awarded related to an ongoing Fraud, Misrepresentation, Non Performance &  Breach of Contract lawsuit  between Discovery Carbon, EQCO2, Inc., Billy Barnwell v.s. Crown Equity Holdings Inc. and Zaman & Co that is based on an Exchange Agreement.

The court was notified by Anthony M. Santos Esq. of an unlawful hijack attempt by the CEO of EQCO2, Inc. when Billy Barnwell illegally called a board meeting and afterward filed an 8-K that

1. Unlawfully removed a board member so he could unsurp control of the company.
2. Placed Arnold F. Sock Esq. (non practicing) as a board member and CFO.
3. Moved corporate office to 282 Cheyenne Way, Zepher Cove, NV 89448
4. Issued himself 500,000 preferred shares of CLNO (Each share is worth 50,000 votes) in a hijack attempt to give himself a staggering 93% voting control of the company.

Billy Barnwell, Arnold F. Sock and Shad Sullivan showed up to the Las Vegas Regional Justice Court looking hopeful but their demeanor gradually changed during the court case especially after the merits of the case were being brought the the attention of the Judge by Anthony  Santos and Harold Gewerter.

Anthony Santo’s clear and concise explanation of Billy Barnwell’s hijack attempt of EQCO2, Inc. and the events leading to it were very vital to the presentation of the case and had the court room riveted.

A little hijack attempt

After Santos was finished with his opening statement, his claims were disputed in a rambling statement that lasted over an hour by the defendants attorney.

Halfway through, when questioned by the judge about the company’s product, operations, sales and revenue, the defendants attorney seemed to be at a loss and was getting pieces of advice from Arnold F. Sock Esq. (non practicing)  who was sitting with Billy Barnwell at the defendants table.

Well into the defendants argument, when the Judge questioned and verified the time line of the recision demand letter and when the unlawful board meeting was called and held by EQCO2, Inc. CEO Billy Barnwell, the atmosphere took a dramatic turn in favor of Crown Equity Holdings Inc.

After another desperate plea from their attorney that fell way short, the judge ruled for a TRO in favor of Crown Equity Holdings Inc.

Billy Barnwell, Arnold F. Sock and Shad Sullivan left the courthouse looking completely deflated and defeated.

Important Facts:

One of the actions in the TRO is to prevent Billy Barnwell from issuing more shares to unsuspecting investors and diluting the company even more.

It also effectively locks him out of the corporate bank account and stops any and all transactions and issuance of stock certificates at the transfer agent that handles EQCO2′s stock transfers.

The TRO was rendered ‘effective immediately’ and was signed by all the required parties involved.

There will be an in depth review of the hearing once the court transcripts are available.

Fact:

Billy Barnwell, Discovery Carbon Environmental Securities and EQCO2, Inc are being sued for fraud and misrepresentation.

The lawsuit can be found at http://www.crownequityholdings.com/CRWE_vs_EQCO2.pdf

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