Are Dr. Warren Sherman & Dr. Laurence Meyerson facing personal liability for all of CVBT's debts if Cardiovascular Biotherapeutics is insolvent, johnnymcgriffen347, or just those debts incurred since they have been on board? I would think the latter, but I'm not an attorney. Dr. Warren Sherman is CVBT's Chief Medical Officer, arguably the 2nd most important executive in the company, and Dr. Larry Meyerson is CVBT's Executive Vice President, Research & Development and also an officer.
However, I can imagine that if CVBT gears up to run clinical trials and then is subsequently liquidated before those bills are paid, whether by the U.S. Government Bankruptcy Trustee for Tauren Exploration, or trade creditors, or lawsuits, or what have you, then Dr. Sherman and Dr. Meyerson may have something to personally worry about. Some would likely think that Dr. Warren Sherman and Dr. Laurence R. Meyerson are very deep pockets given their ages and career successes. But I can't imagine Dr. Sherman (hired in 2019) and Dr. Meyerson (an officer since 2014 according to his LinkedIn profile) are on the hook for monies owed to CVBT's former employees who were never paid since 2013, who I believe pre-date their arrival in 2019 and 2014, respectively. But if you're correct, johnnymcgriffen347, then any debts incurred since those dates they would be personally on the hook for.
Could you please clarify?
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