Xtreme One Entertainment takes control of $892,000 in legal judgments and recovers 6.7 million shares following a successful court action against Williamsburg Venture Holdings.
The company now solely owns court judgments totaling $892,000 plus accruing interest against Williamsburg Venture Holdings and founder Ronald Glenn, and any future fraud damages flow directly to shareholders. It also completed recapture of 6.7 million shares of its own stock fraudulently dumped on the market, reducing overhang. However, the award is small for a company and collection from a convicted, cash-poor defendant is uncertain, limiting the upside.
As of Q3 2026, it solely owns the $892,000 in court judgments against Williamsburg Venture Holdings and Ronald Glenn, plus accruing interest and all future claims, and it completed the recapture of 6.7 million of its own fraudulently transferred shares.
Yes, the litigation for alleged fraud, breach of contract, wire fraud and conversion remains open, and any additional damages and awards on those claims will flow to Xtreme One, but the amounts have not been calculated yet.
Xtreme One Entertainment has acquired full ownership of $892,000 in court judgments against Williamsburg Venture Holdings and founder Ronald Glenn. The company also successfully recaptured 6.7 million shares of its own stock that were previously subject to fraudulent transfers. This move consolidates the company's legal position as it continues to pursue further damages related to breach of contract and wire fraud.
As of Q3 2026, it solely owns the $892,000 in court judgments against Williamsburg Venture Holdings and Ronald Glenn, plus accruing interest and all future claims, and it completed the recapture of 6.7 million of its own fraudulently transferred shares.
Yes, the litigation for alleged fraud, breach of contract, wire fraud and conversion remains open, and any additional damages and awards on those claims will flow to Xtreme One, but the amounts have not been calculated yet.