Friday, October 24, 2014 11:55:40 AM
Huffy/Klein sued the corporation VP vs. Team and Zo, while claiming to be the majority holder of the corporation. He could have filed a complaint with NV real easy, correct? He could have shown the Preferred "E" shares were null and void, right?
Or would he need a BOD resolution and not "wire transfers" and an amended SPA showing proof of ownership?
It's also interesting that the resolution for the common share issuance wasn't submitted, but the "stipulation" was they were fully-paid for.
If the Former Fab 4 still possessed the commons today, they still would NOT be fully paid for. They were for future services into Jan 2016.
Perhaps they meant they were "fully paid for" by Klein. Awfully nice of him to simply surrender all that control for less than 5% of what he (ahem) owned.
A market value of just over $6MM, if converted, was surrendered for a market value of $300K on 9/16.
Would the man from Peoria believe that?
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