Saturday, March 10, 2018 10:07:20 PM
When Ziv was fired they issued an 8-k, not cause they had to but because they wanted to for clarity.
If you belong to a subsidiary you are not a legal part to the business.
Plain and simple, Ziv belonged to our subsidiary, in the event he did do foul play the parent company ( OWCP) in this case is not legally bound to his actions, if they were realized.
. Although a subsidiary might be wholly-owned, the subsidiary is a separate and distinct legal entity from the parent company. ... it is the role of the subsidiary's directors, and not the parent company, to manage the affairs of a wholly-owned subsidiary.
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