On January 24, 2011, the Board of Directors through Management of the Company, entered into material agreements with four primary officers of the Company for purposes of long term retention of the key personnel of the Company for the expected growth of the Company under its current business plan. In order to secure the retention of these officers the Company granted the four officers, Dennis R. Duffy, CEO and Director, Janis Okerlund, President and Director, Norman J. Francis, EVP and Director, and Daniel J. Duffy, EVP and Director, through their respective management entities, KE Enterprises, Inc., Myriad Ventures, LLC, Vision Management Solutions, LLC, and Onetrack Management, Inc., the amount of 250,000,000 shares of restricted shares of the Company’s common shares to each of these officers under a five year vesting agreement.Under the agreement said shares are issued but shall be held for purposes of vesting under the control of the corporation with vesting occurring at a rate of 1/60th of such shares per month for a period of 60 months, and such shares will be subject to Rule 144 holding regulations when vested. Such shares are entitled to voting rights, but do not fully vest in such ratio except on a monthly basis. Such shares are subject to forfeiture for numerous reasons under a vesting agreement executed by each.
I don't think the court looked at the shares very closely. I think Huffman likely mentioned the debt that VP purchased was reported by the company, or something like that as an argument. There should have been a BOD resolution even if the were legally purchased by VP. Any issuance, even exchanged, requires a BOD resolution and the TA (Kara) should have had it. Those CERTS, or any CERT should contain the rightful owners name. The TEMN "shareholders of record" list I saw still had the original owners name, not VP or Klein.
I am still waiting on Copy Clerk to get back to me so I can order Huffman's (ahem) affidavit he filed in August.
News 
Market Data 
Discover 
