Techcom Inc (TCRI)

[WoosterOh]

Munaf Ali is still controlling owner, according to the 10-k, though a quick look I did not notice anything new. Will look some more.

There is this, not the biggest deal

On March 8, 2022, the General Court of Justice of Mecklenburg County, North Carolina, issued a civil summons regarding a complaint entitled William R. Allessi Jr. vs. Techcom Inc. Mr. Alessi, the Company’s President and majority shareholder prior to October 2017, alleges that he is entitled to receive an additional 3,097,017 shares of Common Stock of the Company under his prior employment agreement. The Company does not have sufficient information to determine if the Company would be liable in this case but is reviewing the claims and intends to defend the action.

I suppose these were issued to Alessi

During 2017, the Company issued 120,000,000 shares of common stock, which were valued at $1,200, as compensation for the Company’s CEO at the time.

There was then a 1,000-1 reverse, so I wonder if he would then be entitled to 3,097 shares, or is he claiming he was due 3B shares?