Accredited Solutions Inc (ASII)

[tomasviejo]

Ferris resigned all of his positions at LSTG back in December, so yes he can, and has walked away from the company. Townsend and Hepford have not. Townsend is an officer (actually THE officer) of the company, and Hepford is a director. Since these individuals are formally "in charge" it's not possible for someone else to just move in and run things. The board, or the shareholders would have to remove the current officers and directors, and elect new ones. It is unlikely that the board, which consists of Messrs. Hepford and Townsend, will do this. Therefore, if it is to be done, the shareholders will have to do it.

Mr. Ferris remains liable for any criminal or civil misconduct that he may have engaged in while he was an officer of LSTG. He can't walk away from that.