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Re: shellytrader post# 354

Tuesday, 08/17/2010 9:09:14 PM

Tuesday, August 17, 2010 9:09:14 PM

Post# of 433
Shellytrader, that's all well & good, but the fact remains, the Kinti corp is void per its SoS filings. In fact, if there actually is on-going business in a dissolved corp, the insiders may be personally liable to creditors as well. The only business a dissolved corp should be doing is to wind-up its' affairs and its' fiduciary duty is to its' creditors. Therefore, even if the Fitness business was w/i the dissolved corp (I don't believe ANY of the assets are. They are all in Fat Frank's privately held holding company), it would mean that the Fitness assets would be liquidated to satisfy any creditor claims. This is ALL a mystery. No filings, no transparency and troublesome penny stock insiders.

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