I agree….
He screwed the prior shareholders already by allowing the company to the delist without appropriate financials kept up to date . Now after somebody comes in and does his work for him, spending the money goes through the court updates, gets the financials current this guy comes out of the depths of the darkness wanting to cause trouble for everybody Reminds me of a slime ball toxic note holder probably a bunch of naked shares out there. He knows what happens when this gets a huge R/M. Cover time. Heck all the attorney fees he is paying now he could’ve kept the company current if he really wanted to do something positive with it.
No, he screwed the prior shareholders and he’s trying to screw the current shareholders. I can’t see a court ruling and supporting that. If my theory is correct he probably has no choice but to try to do whatever he can.
In reality we should all be suing him!!
ALL POSTS are just my opinion! Never BUY/SELL stock based on only them! Perform your own DD and make your own decision!