He writes he has been damaged in excess of $15,000.00 from the "breach of implied covenant of good faith & fair dealing." ("Second Cause of Action," bottom of page 3 of 8). In Other words, Bluu Water Restaurant Group "unjustly enriched," themselves ... in the amount even surpassing Alessi's investment in the company.
Alessi, of course, is not an officer of the company. He's simply a smaller shareholder like us all. Therefore he has no holdings to reveal. When I could not pull up the case in the docket, & from the recent massive dilution, I thought Alessi had pulled out ---and the amount diluted very oddly matched the $15,000.00 Alessi investment. Plus another ~$5,000.00? worth of shares he kept? as invested profit to sell upon hijacking of BLUU. As a small-time investor, he would have the right to sell any time he wanted to.
I agree. It does not look very good ---at all. Lets Hope he wins & there is news.
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