My understanding is that when a shell merges with an actual company, the shell person goes away and the management of the actual company takes over the combined entity.
Coleridge has ridden off into the sunset, dude. His name is on a few pieces of paper, that's it. He's not getting anywhere near anything that smells like weed. It kills brain cells.
Like it or not, Moreno is your guy now. Now, if he goes to jail, your investment is gone. Coleridge isn't swooping back in. That deal is done. Coleridge cares about Boomchat, not the Wal-mart of Weed. I suspect he lent his name to it for his stock business brother. Family favor.
