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Re: pantherj post# 55873

Saturday, 11/10/2018 12:13:13 PM

Saturday, November 10, 2018 12:13:13 PM

Post# of 81030
The courts records seems to disagree with you.

Anything and everything that was done or said was at done or said at his direction and with his approval.

.

It does appear Walther needed someone else's approval to get things done.


On December 19, 2012 – the same day the Letter of Intent was executed – a quorum of Supreme Energy’s Board of Directors consisting of Walther and Joseph Scivoletto, secretly adopted a Resolution of the Board of Directors of Supreme Energy to issue Series “A” Preferred Shares. Walther Dep. 79:6-15; D.E. 84-3, Resolution. The Resolution expressly stated that “the quorum of the board of directors of the company adopted the foregoing resolution on December 19, 2012.” D.E. 84-3, Resolution. Further, the Resolution authorized the issuance of 666 shares of Series “A” Preferred Shares to each of the following: JSR Productions, LLC (an entity controlled solely by Walther), RMS7 (an entity controlled solely by Scivoletto), Inc., and Bottom Line Holdings, Inc. (an entity solely controlled by Walther’s long-time associate, Rhonda Windsor



As a corporation, even if he was sole check writer, everything Walther did required board approval, such as where those checks were going?

Such are the rules of incorporation.

Unless you are saying Board members Scivoletto and Adelstein were neglectful in fulfilling their Judiciary duties in overseeing operations?