Quantum Materials Corp. (fka QTMM)

[drugmanrx]

"Generally, corporate shareholders are not liable for the debts or obligations of the corporation, including legal liability for torts or contract actions. Under certain circumstances, however, a court will disregard the corporate protections and hold shareholders personally liable."

"A corporation is an incorporated entity designed to limit the liability of its owners (called shareholders). Generally, shareholders are not personally liable for the debts of the corporation. Creditors can only collect on their debts by going after the assets of the corporation."

And, saving the best and funniest for last, adding a deep pocket to a lawsuit is the most interesting tea leaf.

The only thing Pasaca supposedly owned were common shares.

Since this shareholder (Pasaca Capital) was not a shareholder at the time of the alleged incidence it seems very unlikely a court would allow the plaintiff to add them to a lawsuit without cause.

Now as a new owner on the other hand.................