New Colombia Resources Inc fka NEWC

[1manband]

Before you consider litigation, consider this:

NEWC is not only broke, they are essentially insolvent. The other debtors and creditors are first in line for any assets. Even if you win, you are unlikely to get anything.

And, if you think you can get it out of the CEO, you need to review NEWC's Articles and Bylaws first. See if the Company has an indemnification clause. If so, you are almost certainly out of luck, since that clause will require NEWC to cover any judgements against the CEO. Which means, as a shareholder, you will be suing yourself since you and the other shareholders would cover any money won in a lawsuit.

NEWC was an OBVIOUS scam. And had been for years.