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Tuesday, October 27, 2020 1:30:05 PM
I'm following another custodianship closely where old stock certificates have been deemed valid in that process and look like they will be honored. Unfortunately, as part of that process at QUTR, all new claims against Quture for claims/debts etc. from the period prior to the motion to resolve claims and disallow future claims have been disallowed. That is, the process is concluded, and the time to make claims has passed.
The case can be looked up at Clark County Courts via this case number:
A-19-805644-B
Search for the case docket here:
https://www.clarkcountycourts.us/portal
As part of that process, through the best of their due diligence, the custodian (Lazar/Custodian Ventures) via his attorney sent notifications to everyone for whom they had a record of a possible claim, and they also made several publications about this in newspapers. It would appear they didn't have your situation on record as presumably it wasn't listed in any public filings they had access to. The judge agreed that Custodian Ventures had done its due diligence in making its best effort to contact anyone with a possible claim.
The only thing I can think of at this point would be to bring this claim to Feazell's personal estate via an attorney. I'm not a lawyer or legal expert, but from what I can gather the time has passed to make claims against the company for such things. Perhaps a case could be made against Feazell, who is deceased (which might explain why he never got back to you). But then again, it's likely the statute of limitations has expired. To the best of my knowledge, they're in Florida, where the statute of limitations on written contracts is 5 years.
Lazar/Custodian Ventures have been discharged as custodian, and Lazar sold the control bloc to FiveT Capital Holding AG--you could try contacting FiveT, but again, since old claims have been legally disallowed via Clark County Courts in Nevada, it's unlikely you'd get anywhere with the new owners.
Just my opinion and again, not a legal one, but to the best of my knowledge there's probably nothing the new owners can do, and the time to settle the claim was prior to July 2020. I wish I had better news to report. Still, it may be worth contacting an attorney. If you do that, brush up on the Clark County Court proceeding I mentioned.
Or perhaps it can at the least be written off as a tax loss? That could be a good outcome, but would certainly require an accountant and tax professional. In that case, the Clark County Courts info would also be helpful.
Best of luck,
H
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