On Monday I received a return voice message from the Receiver - in reply to my request for verification of the info I received from the Lawyer.
Not only does the Receiver state incorrect info, he threatens me with an Action if I post any more positive updates with respect to Shareholders' value.
Contrary to Mr. Stevens directive in his voice message, the Common Shareholders most certainly do still have an ownership interest in the Assets of Boreal, regardless of being delisted and no longer publicly traded.
Plus, the only sources the Shareholders should be relying upon to evaluate the value of their Shares are the filed Court documents in the Receivership and the Foreclosure. And not the PR of Aug 29, 2017 that Mr. Stevens directs in his voice message.
It is my understanding that the reason Francine chose a Receivership over a Bankruptcy is due to that it provides more protection for Shareholders.
In light of Mr. Stevens hostile response to my request I think it would be in Shareholders best interest if I sent a Letter of Complaint to the JUDGE in the Receivership Case.
I would like to also attach a list of Common Shareholders so that there is a Court record of our ownership interests.
I will be composing a Letter of Complaint this weekend and if anyone wants to be on the List please let me know and I will provide my e-mail.
Here is a copy of the voice message:
" Message is for Linda Neufeld. Linda, my name is Robert Stevens. I'm a Court appointed Receiver for Boreal Water Collection, Inc.
I understand you've been making phone calls and posting things online and so on and so forth about Boreal. The Common Stock has been worthless and not trading and delisted since before I got involved in the Project. It's been gone for about 2 years and there really isn't any market for the securities at this point. And I would advise you to reread the PressRelease that I put out right after we were appointed.
If you're attempting to try to create a market that does not exist there, we will take action against any individual that is trying to do that for their own benefit. That is in violation of United States Federal Securities Laws.
So anyways I don't really have any update for you because you are not a Creditor in the Estate. You are not a Claimant in the Estate. We don't provide updates to Shareholders. So I wish you luck and take care. "
Plus here is an excerpt from the Aug 29, 2017 PR:
" common stock holders and entitlement holders will likely not receive any distributions from the liquidation of the company, and the company will be judicially dissolved at the end of the proceedings. "
Unless the Lawyer I spoke with is in error the above Statement contradicts the info I received from the Lawyer.
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