Wednesday, March 30, 2016 2:32:46 PM
Looks like Spader is suing Verity because he says he owns over 20 million shares and is owed millions of dollars by the company. How did he get all those shares?
District Court Civil Clark County, Nevada
Case # A-16-733815-W
Plaintiff- Somerset Capital. Ltd. (acting as a proxy for Duane Spader) Attorney: Dubowsky Law Office, 702-360-3500
Defendant-- Verity Corp.
Maybe it makes sense now. Sneller sent out an e-mail last year saying that he was having trouble with the largest shareholder (and an ex-CEO of Verity).
This Duane Spader sounds like his ethics (or management skills) are lower than whale s#it. Did he get all these shares and debt when he was CEO? How the hell does he own all those shares? He did not buy them, apparently--because the company still "owes" him money. So he did not "buy" those shares. He probably gave them to himself.
Now, I will be the first to say that if Spader comes in to defend the rights of shareholders and turns things around--I will crown him king--King of Spader Business Management--or something.
But this lawsuit suggests that he is suing for what he can
get out of the company. This lawsuit should be monitored by shareholders.
The attorney mentioned is a proxy for Spader. Who is looking after the interests of shareholders?
Does anyone here know anyone in Sioux Falls?
I did not sell my shares for a loss last year because I was hoping that the planting season was coming up. What a circus.
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