Fund.com Inc (FNDM)

[Captain Marvel]

In response to many posts, the Receiver has no authority to do anything with the assets other than monetize them (and resolve any debt, if there was any, which there is not). In other words, he cannot do anything with the cash other than keep it safe and he has no authority to do anything with the shell other than sell it or keep it as an asset if he cannot sell it. As to the shell, he must at least try to sell it rather than hold on to it for his own purposes. The assets belong to the shareholders, not the Receiver. As to the delay, the Receiver has a duty to advise the shareholders as to the status, but he has not advised them of anything in 16 months, an obvious violation of his fiduciary duties.