Once again, if the company is going to continue in business (and regardless of what the business is), the debts are not discharged. This company was liquidated and shut down. Since this is a scam, the bankruptcy court and those owed money were not informed of the hijacking of the shell. I expect once they do become aware, they'll ask how the CEO intends to address the unpaid debt.
I swear I’ll never use the phrase “you can’t make this stuff up” ever again after being on the OTC. Apparently you can.