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Re: MakinBank post# 6982

Sunday, 08/21/2022 11:51:33 AM

Sunday, August 21, 2022 11:51:33 AM

Post# of 7034
I'm a trial member so no PMS allowed for me. As for receivership, a CFO or someone with capacity can petition the courts to take this over, so long as they can demonstrate capacity to execute filings and a track record of fiduciary etc.. Once granted, they'll have full ownership and stewardship, unless any of the tangible assets can be defended via private purchase. None of which qualify IMO. Once receivership is granted, they can sell off a Petro station, a tanker, shore up the financials, and or RM the complete entity. They could also rescind shares that were allocated to the CEO. Love that part.
The black mamba is jeopardizing a complete loss by their predatory tactics in non compliance. With the tangible assets here, it'll be hard to find a bigger fool in play...
For these reasons, no one should sell. There's too much value in the tangibles.
Hope that helps.

BFCH just got receivership. You can read the subsequent filings. The former CEO and VP forbidden under trespass on the property.