Optec International Inc (OPTI): It breaks down to the receiver needs to...

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tdbowieknife

Re: Yolo post# 90339

Tuesday, 02/13/2024 4:50:45 PM

Tuesday, February 13, 2024 4:50:45 PM

It breaks down to the receiver needs to be a 3rd party that doesn't have an interest in either side. To be fair and impartial. And approved by the court. Not Brett Rosen. Brett has said he is in this to get HIS money back. And even if a receiver appointed him as interim CEO, and I think that is NOT a given, that is solely up to the receiver, Brett would have very little power anyway. The receiver has final say in all decisions. That would include any sort of merger.

This is a good read on receivership.

https://www.munsch.com/portalresource/lookup/wosid/cp-base-4-6096/overrideFile.name=/basic_receivership_law_concepts_article_presentation_pdf.pdf

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