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Re: beast1423 post# 50729

Friday, 06/29/2018 3:22:35 PM

Friday, June 29, 2018 3:22:35 PM

Post# of 112680
Read through nodummy's well researched posting on the transactions related to the two entities. The answer to your question clearly appears to be no, because:

1. When Jason purchased the Landstar, Inc, North Caroline entity, he believed the Nevada entity had already been merged in and he owned it. The Nevada entity had the ticker and the stock.
2. That merger had not been done, and probably because the guy who tried to do it didn't really control/own the Nevada entity. Nevertheless, he obviously represented to Jason he had lock, stock, and barrel. The "merged" entity was domiciled in NC.
3. Jason's moves on behalf of the combined entity has been to change the name of the NC piece and give himself stock and money for the software he created using the NV piece.
4. When he discovered the merger hadn't happened, he did move to get it done. He says the reason he decided not to do so is the corporate laws are more favorable in NV, but it is likely because he's been stopped by NV and/or NC asking how he can do that.
5. If the merger wasn't completed prior to Jason acquiring the NC entity, he can't just decide to become the NV entity. All actions that he's taken related to stock and money would be invalid.

There is a distinction between "intent to deceive" and "being deceived." My opinion is Jason falls into the latter category, but, make no mistake about it, he will have to demonstrate that he did, indeed, acquire the NV entity through a legal transaction.
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