Well Corey's arguments are a stretch. First AJW is just a creditor of the company - what standing do they have to challenge the company's business deals. If they're more than a creditor, then the stock issued to them needs to be restricted like any other insider. Second the note that Corey disputes has been accepted by the State of Texas - both the Court in Austin and the Secretary of State.
What Corey ought to be doing is submitting his conversion requests to the proper person in charge or who he thinks is in charge.
He can submit the conversion request to me, I'll issue him some stock.
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