Well that depends on who you ask. Rufus said Mike signed those away when the merger happened. Mike said he never signed it. Those are the 50m shares that appaerently helped oust Rufus as CEO. Rufus did admit on one of the subpenny that there was some clause in the merger agreement that if fraud was perpetrated that Mike could exercise those shares. Well Mike thought because the SEC accused Rufus of Fraud the T/A could sign over the shares for execution. But according to Rufus, Mike was suppose to go to court and deal with the default first and have the courts decide if he was the true CEO. there was also chatter that Mike was the one that sold his shares over the Berlin stock exchange. Guess the courts will decide on that one - but no one has bothered to get an attorney to deal with the default yet. Not that I have heard.
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