Sunday, October 11, 2015 12:51:50 PM
While the company MAY have lied about the subsidiary relationship of their original companies, IR Distro, et al., they may not have. They MIGHT have been dumb enough to actually make them subsidiaries. In that case, as they are under the control of the same people, the legal line of separation is removed and the subsidiaries could be held liable for the debts of the parent.
While I agree that even if the subsidiaries are thrown in, there is probably not $4 million dollars in total assets, there may be SOMETHING.
So if the Series C shareholders file suit, they might not get the full .20 cents per share, the should get SOMETHING. On the other hand, if they DON'T file suit, they will, FOR SURE, get NOTHING!
Filing suit does not preclude them from filing a complaint with the SEC. I would do BOTH.
Good DD IS NOT just reciting the PRs and company handouts and looking for the good. Those things are never hard to find.
Good DD IS finding out what the company and CEO do NOT want you to know.
Freedom Holdings Corporate Update; Announces Management Has Signed Letter of Intent • FHLD • Jul 3, 2024 9:00 AM
EWRC's 21 Moves Gaming Studios Moves to SONY Pictures Studios and Green Lights Development of a Third Upcoming Game • EWRC • Jul 2, 2024 8:00 AM
BNCM and DELEX Healthcare Group Announce Strategic Merger to Drive Expansion and Growth • BNCM • Jul 2, 2024 7:19 AM
NUBURU Announces Upcoming TV Interview Featuring CEO Brian Knaley on Fox Business, Bloomberg TV, and Newsmax TV as Sponsored Programming • BURU • Jul 1, 2024 1:57 PM
Mass Megawatts Announces $220,500 Debt Cancellation Agreement to Improve Financing and Sales of a New Product to be Announced on July 11 • MMMW • Jun 28, 2024 7:30 AM
VAYK Exited Caribbean Investments for $320,000 Profit • VAYK • Jun 27, 2024 9:00 AM