Well, this turd was designed by Rogerincchio’s dead pennyscamming daddy as a pennyscamming vehicle in 1985, so that indemnification provision would be unsurprising however likely held to be void and unenforceable by a competent court.
Kinda like why docs cannot have you sign a waiver of making a malpractice claim against them and requiring you to sign as a condition of service.
Plus, as that waiver was never put to a vote of the shareholders, it cannot be claimed that they willingly entered into such an agreement. And with~OUTT a ’meeting’ of the minds and approval and acceptance by shareholders, that waiver is void.
Plus like the physician-malpractice waiver, that waiver would be recognized by a competent court as being neither valid nor enforceable.
These clowns and Daddy Clown DEAD FRANK MORTIMER are (or in the case of FRANK MORTMER, were) unsophisticated and simply do nott know what they do nott know.
If ne plans to commit securities fraud, at least be smart enuff to spend some bigg bucks on securities lawyers (or even a good ACCOUNTANT!) to handhold you as you walk the legal tightrope. The Clownshow is trying to walk the tightrope with~OUTT a net and these amateur pennyscams often end very badly for the insiders because of thinking they can do it by themselves as uneducated rookies.
’’Mr. Castanie, can you show the court where in the AMFE/FUNN?FUNNQ financials where this debt owed to LARRY was first recorded and how it was reported as this debt continued and increased over years. Please start with the SEC financial reports prior to filing the Form 15 and continue thru the annual and quarterly financial ads published on OTCM thereafter.’’
’’Please list the dates on which the debt to LARRY was incurred/accrued and for exactly what service he performed for each debit entry.’ Also please direct the court to the debt agreement the company had with LARRY for debts that were nott paid within a year of their accruals.’
