Thursday, September 25, 2014 3:51:48 PM
There are really only two things we need to see in order to know that this is not likely to be a criminal fraud:
1. the spin-out of Homeland Forensics, Inc. from ADIA must be completed in the manner originally agreed, so that equity is not stolen from anyone; and
2. the rights of ADIA shareholders to the probiotics business must be properly accounted for and respected in keeping with the spirit of the agreement and the fiduciary duties of the officers and directors.
Bill and Tony accepted responsibilities for ADIA, APRU and RSHN when they decided to create a family of public companies. Hundreds of shareholders of each company are trusting them to do the right things, and doing so is not any more difficult than being honest and respecting the equity rights of each group of stakeholders.
Nobody can possibly determine whether their equity rights are being respected if the needs of each company are not being taken care of diligently and competently. This family of public companies must not be operated as a dumping ground for newly-issued worthless Common stock that is not intended to hold the value of the respective businesses.
I am concerned enough about what I am seeing, and not seeing, that legal action may be required.
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- Form 1-A/A - Offering Statement [Regulation A]: [Amend] • Edgar (US Regulatory) • 05/24/2024 08:14:33 PM
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