![](https://investorshub.advfn.com/uicon/127353.png?cb=1681930771)
Saturday, November 13, 2021 12:47:39 AM
https://drive.google.com/file/d/1oFfPBJUp73u2MOl2HvG84tncASM-L7ji/view
5. Defendants, however, failed and refused to provide any of their consideration to
give effect to the intended merger, additional consideration from Plaintiff was not exchanged, and
no wholly-owned subsidiary of Optec was formed to facilitate the forward triangular merger.
6. To date, CEM and We Shield continue to operate and market themselves as separate
and distinct entitles from Optec. These Defendants continue to conduct separate businesses,
market their own products and services, and retain exclusive ownership and control over their
separate brands, marks, management, employees, inventory, accounts, other assets, liabilities,
books and records, equity accounts, and insurance.
7. Importantly, Defendants also continue to hold and refuse to return Optec’s
$2,700,000.00 and Preferred Shares despite that no merger was effected and no other facts or law
justify or otherwise excuse Defendants’ misconduct.
8. Undeterred, the Shareholder Defendants have also filed a frivolous UCC-1
financing statement against Optec (annexed hereto as Exhibit 2), as purported creditors under the
failed merger, in their individual names as well as in the name of Holdings—an entity of which
Optec has no knowledge or record of authorizing the formation, or of actually forming—in an
unlawful attempt to encumber Optec’s assets and collateral as security.
![](http://investorshub.advfn.com/uimage/uploads/2017/8/18/uohomBaby-Laugh.gif)
My posts are my opinion and should not be used as investment advice.
Glidelogic Corp. Becomes TikTok Shop Partner, Opening a New Chapter in E-commerce Services • GDLG • Jul 5, 2024 7:09 AM
Freedom Holdings Corporate Update; Announces Management Has Signed Letter of Intent • FHLD • Jul 3, 2024 9:00 AM
EWRC's 21 Moves Gaming Studios Moves to SONY Pictures Studios and Green Lights Development of a Third Upcoming Game • EWRC • Jul 2, 2024 8:00 AM
BNCM and DELEX Healthcare Group Announce Strategic Merger to Drive Expansion and Growth • BNCM • Jul 2, 2024 7:19 AM
NUBURU Announces Upcoming TV Interview Featuring CEO Brian Knaley on Fox Business, Bloomberg TV, and Newsmax TV as Sponsored Programming • BURU • Jul 1, 2024 1:57 PM
Mass Megawatts Announces $220,500 Debt Cancellation Agreement to Improve Financing and Sales of a New Product to be Announced on July 11 • MMMW • Jun 28, 2024 7:30 AM