if Roger put Ben as CFO in the fins
Rogeraskin , much to his surprise I'll bett, doesn't have the legal authority to make ________Ben the alleged cash flow bind CFO.
Only the full Board of Directors has the authority to appoint Section 16 officers, such as CFO. And the Board also needs to either demote or accept the resignation letter of LARRY LEVERTON eiher BEFORE or CONcurrently with the appointment of ________Ben to the CFO position - one doesn't have two simultaneous CFOs.
And here's the real butt-kicker - The Board needs to all sign off on an certified official Board resolution before _______Ben can become the cash flow bind CFO. If such a certified Board resolution was nott signed by all Directors before the 2018, 2019, and 2020 fins were published listing _______Ben as the CFO, then those fins are void.
It's simple law. And a retroactive appointment by the Board via a signed Board resolution cannot cure that defect. The fins will need to be RESUBMITTED with _________Ben the cash flow bind CFO signing once he is actually appointed by the Board and is the legal CFO.
No biggie, butt it means that until that is done, resubmitting the fins after an effective certified Board resolution is in hand and seen by Manny, who is having a very, very shitty weekend!) and Gerry from GT, and a new attorney letter from GT is published, the fins on OTCM are void and I would expect the STOP sign would (or should) stay.
Now, there may be other reasons for the STOP sign to stay up. Such as Rogerzawcz' message to a shareholder-victim claiming that the statement regarding the Company being in the process of increasing the AS is untrue, which should require an investigation by FINRA and the OTCMarkets crew.
Butt, be all that as it may, Rogeramilla simply lacks the legal authority to appoint a CFO. He can nominate sumbuddy for that post, butt only the Board can make such appointment legally, and it requires a certified Board resolution signed by each member of the Board of Directors before __________Ben the cash flow bind restaurateur can become _________Ben the cash flow bind CFO.
And then the restated fins will need to explain this issue and state the date on which ________Ben legally became the cash flow bind CFO. And Manny will have to restate the auditor attestation letter - and prolly explain to his partners and the PCAOB why he failed to verify that such a Board resolution was in place before he signed off on the original audit.
And then there remains the prollem of Rogercinott stating in a now-public text message that the Company didn't mean what it stated in the 2018 annual report re: raising the AS.
Manny is having the shittiest weekend because he realizes the prollem for himself. Rogerhagen is to/two/too/2/ii dumb to know the damage he's done with that text message and prolly still doesn't know that he can't appoint a CFO by waving his unicorn wand in the air. And ________Ben, the maybe-or-maybe-nott cash flow bind CFO at this hour, is prolly just befuddled by it all.
Butt Manny, Manny's nott sleeping well this weekend - even with a couple of Ambien and a triple Scotch rocks onboard.
