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True, that’s likely possible. But if the entity renews it’s judgement (while it’s in default), the company technically still has that judgement against them in effect...and when someone buys/merges a shell they take on all of its liability both legal and financial. This would likely settle in court for a fraction of the amount, but definitely something a shell buyer would want to look into.
I haven’t done all the DD, but if someone wants they can check the case status on the court website (I believe it’s in Indiana if not mistaken) and see if the plaintiff has renewed the judgement...bc if not, statute of limitations is 6 years and would obviously be irrelevant for PFMS’s purposes.
I’m not a lawyer, don’t have all the facts in front of me, but this is just something I came across that found interesting.
FWIW: "in which a $46,276 judgment was entered on May 5, 2008."
Taken out of 10-K from 2008:
The CEO sold his last ticker to Mark Cuban...$VNUE management have very relevant experience related to their industry, and a proven track record for success. Patience is Key, but I like $VNUE for the long term.
$VNUE Long&Strong
Anyone have any info on "Investment Reserves Series (insert name of defunct company)" LLC. ?
Noticed they filed around 5 custodianship apps last month, with Jay Shafer as their attorney...
haven't been able to find much on this group. Thought I'd post here before paying for the whole apps and digging deeper.
Any info would be appreciated. Thanks in advance!
GRNL with 1.4mil float. Already reinstated and updated on otcm, now awaiting status report and close out of custodianship. Filing could come any day now! DollarLand is well within the realms of possibility, given this SS. All imho, Glta!!
$GRNL
14.3mil BUYS vs. 1.7mil Sales...very telling!
Accumulation of a--Low Float,Revenue Generating(!), legitimate startup with experienced management--pink trip0...won't stay in the trips for much long, grab all the cheapies you can before takeoff!!!
All imho. GLTA!
$VNUE Long&Strong
We Break .0010’s and it’s Game On!
$VNUE Long
$VNUE on Fire today!..and days not over yet!!
$VNUE Looking Good!
Nice sideways accumulation before the big run!
$UNRG on FIRE today!!!
This stock is Good as Gold!
$UNRG Long&Strong
Float has gotta be locked up already! And there was virtually no short volume yesterday...appears to be a lot of accumulation at these levels. Nickel & dimes to come!
$UNRG Long&Strong
Very similar characteristics between the two! Except $UNRG has a waay smaller OS & Float, and a lot more Upside potential imho.
$UNRG Long
Great Day $UNRG
I see .03-.05 in the very near future. Glta!
$UNRG
$UNRG having a Great Day!
$UNRG Custodianship Filing today! 31.5mil Float only!!
$UNRG new Custodianship Play! 31.5mil OS
$UNRG Custodianship application just out.
Only 31.50mil shares outstanding! Unbelievably small at a just a penny PPS. GLTA!
$UNRG
This is AWESOME!!!
$UNRG Long!
I agree. Things are starting to heat up here with volume + spread/L2 action...dilution appears to be done with, expecting a move higher from here.
$JPEX
$IPRC Blowing Up today so far! Wonder why all the buys?!
$FERN experiencing a healthy retract atm. Nothing to worry about--we'll be back in 00s in no time, and perhaps one less zero than that soon as well! Last chance to grab the cheapies imho. Glta!
One of the very few OTC stocks that actually generate revenue. Albeit small, at least it's a start for this promising company.
$VNUE Long&Strong
Nice.
I agree. Volume has definitely been interesting—to say the least—over the past few weeks. Won’t take much to send this to pennies imo; happy to hold.
$BRZV
Premarket Volume & Gap...you know what that means!!! :)))
$FERN Long&Strong
$FERN just turning Pink Current status today!! Will be a fun trading session!!
Great SS and small Float—could see pennies! Glta!
$FERN just turned pink Current this am! Will be a beautiful Green Day!! Glta!
$FERN just turned Pink Current today!!!
Fantastic SS & new business direction—will run hard today! Glta!!
$FERN Pink Current today!!! Great SS and new business direction—should run hard today! Glta!!
Float under a bil. $FERN is set to sky-rocket today!
Pink Current today!!!
$FERN about to have a Great Green Day!
POWER HOUR!?!?!
$FERN (again) Looking GOOD!!
52wk-High of .0013 dangerously close to getting broken wide-open!
Once that happens, it’s game on to another planet from where we stand right now.
$FERN Long&Strong
Wholly-WHACK-amolley!!! $FERN Looking Goood!
Beautiful. Stop sign no more officially, and now we wait until Friday or early next week for the Pink Current status.
I can wait that long, and judging by the virtually no sells—I think so can everyone else haha. Then we get the late party buying once the switch is official, if company releases a PR (?)...what dreams may come!
Glta. Last chance to buy the cheapies imo!
$FERN
Awfully quest today for $FERN so far—that’s the way I like it though. Won’t be the case when we go current :)
Volume precludes news usually, you know the game. I’m holding until the fall—at least—so no rush for me.
$GRNL Long!