Shareholders can sue at anytime, current, not current, doesn’t matter.
However, shareholders need to sue RCCH and name geno in a derivative action.
Bottom line is litigation is waste of money, company has no assets, nor does geno.
At this point, I would think that geno would love to turn over the company to anyone to get out of any liability. The statue of limitations is over.
So if he turns it over willingly or go through a court action to get custodianship, then what?
Who has the $200k to get this back on the pinks and what is the biz of RCCH?
My 2 cents
