Kingfish Holding Corp (fka KSSH)

[ErnieBilco]

Where did they say they were increasing the shares? I read that Toomey won't require the increase til June 2016.

Although we agreed in the October 2014 Note Agreement to promptly submit an amendment to the Company’s certificate of incorporation to our stockholders to increase the number of authorized shares, Mr. Toomey has agreed to waive that
requirement until June 30, 2016

And the "old pile of debt" - they specifically stated they don't have the current books of the previous management so they left all the debt on the books til the statute of limitations or settlements are met.

If no one is asking for debts to be paid - they obviously have already written them off their books. Think about it. If you were owed $774K for past rent wouldn't you be seeking a judgement in court? I don't see any of that.

There are presently no pending legal proceedings to which the Company, any of its subsidiaries, any executive officer, any owner of record or beneficially of more than five percent of any class of voting securities is a party or as to which any of its property is subject, and no such proceedings are known to the Company to be threatened or contemplated against it.