Not sure there are any options that justify the costs of pursuing them.
The assets that were purchased with funds that investors put into SBCO are not necessarily owned by SBCO.
For instance the airline certificate was purchased by a company that its unclear SBCO has any financial interest in.
Also that asset was paid for with a loan so their is a lien on that asset with upsurous terms, also the company that owns the cert has lots of other liabilities so the sale of the cert if that is even possible before the FAA cancels it is unlikely to lead to any leftover equity that would end up in SBCO's hands if it even has ownership.
Anyone who gave Karen money has been scammed. The things she PR'd or told you aren't necessarily true. It's basically a Ponzi scheme where money that came in didn't go to where it was supposed to and was used to pay her personal debts, payoff earlier investors and fund her private companies like AJet Holdings/Ryan Air. All of course collateralized with more and more SBCO stock but not direct ownership?
Add in the mess regarding the directors and their knowledge and potential conflicts of interest and you have a huge mess with lots of victims fighting for questionable assets and a very expensive legal process to investigate and prove SBCO has title to asets, all while facing a short deadline against the canceling if the FAA cert for it not being active.
The only plan that COULD work is to use the certificate to build a real airline that SBCO would own a piece of as well as receive cash to build a true BDC but with so many different entities involved with different conflicts of interest and unclear title, it is an major uphill battle that is going to cost big $$.
First, you have to get some political help that can keep the FAA at bay long enough to figure out who owns what, what the share structure is, what other liabilities exist and then be able to find a airline group who needs a certificate and is well funded enough to make it work and would agree to pay for the cert as well as give up equity.
Once you have that done and own a true portfolio company and have cash you can figure out if any of the other things like the Moon movie and that production company is owned by SBCO and has value or the water valve company. Then you need to get the financials and filings current and raise capital for additional portfolio companies.
On the plus side one should be able to get any of Karens personal assets due to her fraud considering her 30 month Club Fed vacation isn't even related to all of this additional fraud so that vacation could be extended.
Anyone want to write a blank check to make this happen?
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