Furthermore, Mineseeker became aware that material facts were not disclosed. Mineseeker was advised by the NHSH SEC attorney that many of these issues were not capable of being remedied, and advised that the Mineseeker management could be subject to enforcement action by the SEC if it continued operating within NHSH. The letter of rescission and resignation of Mike Kendrick and Mark Dorey was sent to NHSH in October 2012. All of the shares were returned to NHSH immediately thereafter.
It was Mineseeker that failed to pay Mr. Owens for the shares which Mr. Owens then sold to Mr. Canouse which (according to a Florida judge) is why QASP controls NHSH now.
Mineseeker claimed they didn't have to pay Mr. Owens because Mr. Owens' shares were canceled by a judge in the British Virgin Islands (which was ludicrous) and Mineseeker had been issued a seperate set of brand new shares. A Florida judge called B.S. on that garbage. Mineseeker Operations is now owned by QASP. That's the part that "can't be remedied" in Mr. Kendrick's view.