VGTel Inc (VGTL)

[janice shell]

But short of that, there is nothing in the fiduciary duties of the CEO that requires any disclosure or discussion with the shareholders of where the company is at, what is going on with their stated business plan, or any updates regarding the last 8-K…

There are two glaring exceptions to that. The first is the duty of care. Has Amilya been negligent? Has she neglected her duties as CEO?

http://scholarship.law.berkeley.edu/cgi/viewcontent.cgi?article=2150&context=facpubs

The second is one everyone's aware of, and that's disclosure. As an SEC registrant, VGTL is required to file periodic financial reports with Edgar. Not only has Amilya failed to do that; she's also failed to explain why. Sure, the reasons are obvious, but that does not relieve her of the obligation. VGTL's delinquency may eventually have serious consequences.