IAHL Corporation (IAHL)

[binzur]

Here is the operative part of the suit you show that applies to this post. So it was Ed Hayters shell that FGFC used and what is provided below from the lawsuit. And the stock has gone from .40 in April to close at .002 last Friday.

"51. On February 21, 2006, the defendants issued a press release usng Business Wire announcing that FGFC named “E. Abraham Rosenman” as its new President and “COO.” The press release claimed that, “Mr. Rosenman was recruited from outside the company to lend fresh ideas and direction to the company’s growth, objectives and business plan going forward, and has the Board’s full support for his ideas and strategies.” The press release deceptively concealed that, contrary to being recruited from outside the company, Edward Abraham Rosenman was actually a restaurant manager for IBAC Corporation, controlled by Edward Hayter, who previously owned FGFC’s corporate shell and operated it under the name Viyon Corporation. Indeed, Defendant Rosenman’s primary source of income is his job running Mr. Hayter/IBAC’s restaurant located in Florida.
52. Immediately after issuing the press release identifying the President of FGFC as “E. Abraham Rosenman,” and in a further effort to confuse the public, the defendants began referring to Defendant Rosenman as “Abraham Rosenman.” Subsequent investigation and discussion with Defendant Rosenman’s coworkers revealed that he is not known by his middle name, but is known as “Edward Rosenman.”"