Followers | 3 |
Posts | 268 |
Boards Moderated | 0 |
Alias Born | 09/19/2013 |
Tuesday, October 17, 2017 8:22:48 PM
Hypothetically speaking, suppose it was the plan to sell off shares, bank the money, then simply meet once a year and draw a salary for it while making a few stabs at improving some properties or developing some prospects?
I am unaware whether or when the company sold any shares at all but it's possible.
In Nevada, shareholders can sue to dissolve a company. Revocation is sufficient grounds.
Then the company has to distribute the remaining assets to the shareholders.
Nevada shareholders are only liable for the company's debt up to the amount that they stand to gain.
If, hypothetically speaking, the company isn't really operating, then there should be no real debts.
VHAI - Vocodia Partners with Leading Political Super PACs to Revolutionize Fundraising Efforts • VHAI • Sep 19, 2024 11:48 AM
Dear Cashmere Group Holding Co. AKA Swifty Global Signs Binding Letter of Intent to be Acquired by Signing Day Sports • DRCR • Sep 19, 2024 10:26 AM
HealthLynked Launches Virtual Urgent Care Through Partnership with Lyric Health. • HLYK • Sep 19, 2024 8:00 AM
Element79 Gold Corp. Appoints Kevin Arias as Advisor to the Board of Directors, Strengthening Strategic Leadership • ELMGF • Sep 18, 2024 10:29 AM
Mawson Finland Limited Further Expands the Known Mineralized Zones at Rajapalot: Palokas step-out drills 7 metres @ 9.1 g/t gold & 706 ppm cobalt • MFL • Sep 17, 2024 9:02 AM
PickleJar Announces Integration With OptCulture to Deliver Holistic Fan Experiences at Venue Point of Sale • PKLE • Sep 17, 2024 8:00 AM