Anyone can file a suit.
you better have proof of what you file. you cannot rely on the company giving you that information. that would require an audit on your part at your expense.
my guess is, if you have at least 50,000 and a good lawyer you maybe able to get somewhere. however, the company could sue you for false filing if you do not have proof up front.
the fact that there is no audit is not a factor. if the company is still in business that is fact even.
if the doc files some information from time to time that is proof that at least he is providing information.
whether that information is correct or not is not the point here. its that fact that information is being filed.
good luck. you will need it. the SEC may ask you questions on what proof and facts you have if the doc follows that route.
as for me and my 6,000,000 shares and having problems getting large blocks now, i will wait. i have patience. the doc does answer my email questions because i ask a question and for information NOT giving advise, not given hell, and not yelling within the request.
just simile and clear. i do get answers. again, i will wait.
personally, i would like to wait till we have enough funds, or doc wants to invest in another joint operation, buy something, sell his shares, THAT will at least require a two year audit and if doc wants to sell some of his 50,000,000 shares he will have to post within the SEC that he wants to sell after the audit.
therefore, he needs to audit at some time, he is not getting any salary, he does get or was getting some shares instead of salary - now i think its just put on the balance sheets as owed to the doc.
good luck to all,
old man with 6,000,000 shares.
