Arkose Energy Corp. (RKOS)

[DaReal]

New Sole Officer: DANIEL L RITZ JR. aka "Bo Ritz" filed with the NVSOS
http://nvsos.gov/sosentitysearch/CorpDetails.aspx?lx8nvq=t0pyctOppyCXRcHe2dka5Q%253d%253d&nt7=0

hmmm Daniel Lee Ritz Jr:

For five years, Husky International Electronics, Inc., sold electronic components to one of its customers, Chrysalis Manufacturing Corp., and the latter racked up an unpaid bill of $164,000 to Husky. But instead of paying Husky the money it was owed, Chrysalis instead transferred nearly $300,000 in assets to various companies which just happened to also be owned in full or in some part by Daniel Lee Ritz, Jr., who was a Chrysalis director and shareholder.

Husky then sued Ritz personally, alleging that the moving of money by Chrysalis to these other companies constituted fraudulent transfers and that, under Texas Law, Ritz could be held personally liable for Chrysalis' actions as a Chrysalis shareholder.

Attempting to discharge this claim, Ritz filed for Chapter 7 bankruptcy. But Husky did not give up so easily, and thus filed an adversary action in Ritz's bankruptcy to hold him personally liable for the Chrysalis debt. Husky alleged in that adversary action that Ritz's actions constituted "actual fraud" under the aforementioned 11 U.S.C. sec. 523(a)(2)(A), such that Ritz could not discharge his liability to Husky for the Chrysalis debt.

The U.S. District Court held that Ritz was liable to Husky for Chrysalis' debt under Texas law. However, the District Court also held that the debt was dischargeable under sec. 523(a)(2)(A) because Chrysalis' transfers were not "actual fraud" under that section, even if they amounted to fraudulent transfers.

https://www.forbes.com/sites/jayadkisson/2016/05/21/actual-fraud-includes-fraudulent-transfers-in-bankruptcy-says-sotomayor/#db257746fced

Let's see what this Dude is planning with this Co shell
GL