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Wednesday, June 29, 2022 12:58:50 PM
”The litigation in both matters above is currently on hold while the parties attempt to negotiate a settlement”.
On April 6, 2021, Alford served a complaint against the Company and its transfer agent, Action Stock Transfer, for failure to remove a restricted legend from 4,000,000 common shares held in Alford’s name and alleged damages to Alford for such failure.
The complaint was filed in Utah state court. The Company responded with a motion to stay the proceedings until after the Nevada proceedings are completed. The motion was granted by the court to stay the proceedings until October 1, 2021.
On September 15, 2021, the Company filed a motion to extend the stay in light of the continuance of the trial date of the November proceeding. The litigation in both matters above is currently on hold while the parties attempt to negotiate a settlement.
IT PAYS TO READ THE WHOLE FILING
PAGE 19
https://www.otcmarkets.com/filing/html?id=15821950&guid=FKpwkpLZGS9pJth
GNCP $$$$$$$$$$$$$
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