China Teletech Holding Inc (CNCT)

[zerohedge]

maybe they didn't do enough research?

look - so some AZ based lawyer who has a business of cleaning up shells went and got custody.

some Chinese dude bought the shell and was a granted a buttload of shares which he purchased from the lawyer which gave him control

now the old family who had control previously comes back and has $1mm+ in debt for expenses incurred over the last decade of trying to create something.

the old owners and their debt want their $1mm bucks back.

possible? absolutely possible.