Replies to post #1083 on NIR Group

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A shareholder could take action against a company for breach of fiduciary duty if the terms of the note are reckless.

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To jjj373--

I'm really just trying to learn this stuff...but from what I saw at the co., NIR (and affiliates) obviously know the SEC and balance sheets for the past few years and continue to lend money even though there is no way the co. could EVER pay back the loans.

When the co. cannot pay by due date --which is EVERY single time for 4 years and 8 loans, the CEO works on some debt restructuring and suddenly there's 250,000 or more new shares traded at below .00001 cents.

When I say that I believe that this company is not real....I mean I really think the CEO is trying to keep it from turning a profit. I am at a loss as to how that could possibly work, but I swear it is happening. I know the CFO and CEO are close to NIR and affiliates.