They will claim the 'sale' of Greenpay only included the name & business plan, no other assets.
However, gist of the lawsuit is that Ed actually controls all 3 of these companies and all of these transactions are not arm's length & are all related parties. Therefore, all transactions should be rolled up into MYEC, which they never have been, and should be audited accordingly.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.