However, EGLA and the EGLAVATOR continued as usual, from July 2021 to October 2023, EGLA maintained its operations with multiple pitch events, training events, podcasts, investor meetings, and serving the community from our 10,000 sq. ft area.
EGLA attempted, at one point, to purchase the entire building, given the investment made to the space and all the legal disputes that were being taking place but such acquisitions was anticipated by Mr. Bhavin Shah, and his company 791 POC LLC that took over a year to close from the moment of an offer, to the closing date in and around March 2023.
Unfortunately, multiple legal disputes were covering sute 300 and a lengthy legal record is publicly available at the palm beach court.
This dispute is a reflection of how difficult was not only to sublease or to stay at the space, but a testament of how lack of disclosure of certain events is required to avoid being a victim of legal disasters like this one.
EGLA reached out to the landlords, prior and new, and was told that all our original was going to be honored, and that it was a matter of closing with the new owner to get a clearer picture on the lease situation.
Nothing of that was true, as at 791 POC LLC wanted almost 2x the original lease and wanted back pays and other unknown charges.
Ever since 2023 ended, EGLA has been unable to find a suitable location and retrieving all the equipment that was inside our offices.
Who did EGLA help our Startup Ecosystem?
We helped many startups that had no money and no capital, to basically have an office for free, or pay whatever they wanted. We even, had companies like MEDMATCH, ADAM REHAB, FORTENEER, SEO TURBO BOOSTER, CONDUCTION LABS, EVOLUX LLC (SkyShare), GUILTLESS TO GO, and many many more came to the EGLAVATOR, used the facilites for FREE. We helped many many ventures, Anchor-U, South Florida Tribune, that even wrote a book on Podcasting & Radio, NFT/Crypto Ventures, MARINE NETWORKS, and numerous other ventures that didn’t last that long in the office for numerous reasons, but I bet they learned a ton from the program. Even Guiltless To Go made it to ELEVATOR PITCH (TV SHIOW) raising $25K from the founder of NETFLIX, and POINTSKASH with over $3M in capital raised thus far.
Unfortunately, EGLA CORP, in many cases was not compensated in any way, with shares or even financial compensation. The only company that paid with equity was POINTSKASH, GUITLESS TO GO, and ANCHOR University, that was a non-profit accepted the rent as a donation.
How the real-estate situation unfolded?
EGLA, Dr. Edwin, and Mr. Shah began in good terms, and all appear to be going well as a partnership. Eeven discussing expansion of the co-working space and designing with an architecture firm, a new space. Mr. Shah even attended several of our pitch events, and got involved in negotiations with startups that were being assisted by the EGLAVATOR.
Around August/September 2023, Mr. Shah requested a large payment initially over $80K but then corrected to be around mids $70k, which EGLA submitted as a wire transfer in exchange of assurance to stay in the building until December 31, 2023, and downsizing operating to a small area, which we did.
Not withstanding while I was traveling to the Philippines as my sister was participating in a Mrs. Universe and around the end of September beginning of October 2023, 791 POC LLC or Mr. Shah sent a crew to change all locks at the EGLAVATOR.
By October 25th, 2023, as show in the following videos,, Mr. Shah’s workers used the new key to get it. I know they are his workers as I met some of them, just two weeks prior. As we were under the impression that we were going to fix all the floors, and reignite the EGLAVATOR. But none of that happen, as it shows in the following videos, such crew came to take down all cameras and who knows what they did to the furniture, parts, technology, and anything that is was in the building.
Why do we out all the EGLAVATOR program on-hold now?
Despite all efforts, we have been unable to recover our property from this building, we were never evicted, we never received any notice, simply and illegally, the new landlord, despite paying over $70K, changed all the locks and sent a crew to dismantle the EGLAVATOR. Although, we tried to work with Dan Gudema and the space assigned by Marc Wilder, we were hesitant to risk again capital and money without having a clear picture on what’s going on.. Obviously, we will never go back to that 791 POC LLC’s building! and we are facing a hiatus.
In January 2024, my mother and co-founder was hospitalized with pneumonia, and I spent almost a month in the hospital, family, real state issues and, a lawsuit that had to be filed in 2024, gave us no choice but to stop all EGLAVATOR assistance and the entire program.
In sum, we cannot open fronts as we had a major loss at the EGLAVATOR, and we had to put the entire incubation process on hold, as we had to fight other issues, and we cannot accommodate all these issues in one shot.
Now, in and around January-March 2023, EGLA had to deal with other legal matters, most importantly recently we filed a patent and trade secret litigation, and decided to put all the investment into the EGLAVATOR and use these funds to fight a legal battle against Stingray, Mood Media, AT&T, and others.
This real estate dispute included issues with disputed by KRS like mold, discrepancies and problems with size of the space being rented, and our suite was, without our knowledge, in the middle of the dispute.
