Unfortunately the holder of restricted stock was a control person in the company. Almost 20% of the total shares outstanding at the time.
Former control person after cancellation. Not before. Notice the difference.
He might be possibly be liable for the max pain inflicted on unrestricted shareholders ten years after disappearing. And for rejecting millions of dollars in settlement for the supposed “$25,000” investment and non-performance of CEO duties. And for bringing the reverse merger process to standstill.
How many small time shareholders have stomach acid for his actions a year ago.
Google university doesn’t teach one to apply their mind.