S A M Trade Asia Pte. Ltd. (SMFX)

[Value Catalyst]

True, that’s likely possible. But if the entity renews it’s judgement (while it’s in default), the company technically still has that judgement against them in effect...and when someone buys/merges a shell they take on all of its liability both legal and financial. This would likely settle in court for a fraction of the amount, but definitely something a shell buyer would want to look into.
I haven’t done all the DD, but if someone wants they can check the case status on the court website (I believe it’s in Indiana if not mistaken) and see if the plaintiff has renewed the judgement...bc if not, statute of limitations is 6 years and would obviously be irrelevant for PFMS’s purposes.

I’m not a lawyer, don’t have all the facts in front of me, but this is just something I came across that found interesting.