Question 13: While the 2020 annual shareholders meeting for Venturis Therapeutics was not held--in violation of the company's bylaws, in what month was it supposed to take place?
A) January 2020
B) March 2020
C) May 2020
D) June 2020
E) Why bother with shareholder meetings when Mr. Wallen is too busy preparing his defense against the U.S. government's case against him for allegedly stealing $14 million from his previous company?
The correct answer is: (C). Yes, May 2020 came and went, and not a peep from Venturis Therapeutics about the annual shareholders meeting. For those of us who don't have alcoholic blackouts, when Mr. Wallen launched his hostile takeover bid for CVBT, one of the reasons he cited was because the company failed to have regular shareholder meetings as required. "Meet the new boss....same as the old boss." Rumor has it however that the real reason Mr. Wallen didn't hold the shareholders meeting in 2020 is because they couldn't afford the open bar afterwards with Grant Gordon present, and yet they knew if they didn't have the open bar as usual everyone would notice it and put 2+2 together, which would undercut Venturis's narrative about its (cough cough) strong financial condition (as reflected in the going concern qualification from its auditors).
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