You raise very excellent points! Who were the stockholders that got invited to vote on the "alternate to bankruptcy" sale, as described in the California news release? Did anyone here get invited?
And what are the possible ways to, as you mention, to gain majority control of a public corporation? Buy up stock to gain a majority ownership or, create and issue a significant number of new shares which one, or the friends of one, control.
How many new shares was it that were issued just before the "alternate to bankruptcy sale" and transfer of assets to the "unrelated" (LOL) private company took place. Who were the stockholders that approved the issuance of those new shares? Again, anyone here? Has any stockholder here received a report detailing the results of the asset sale and exactly who were the creditors satisfied by the proceeds?
You raise all great points LT! That's why . . .
THE NYDA, THE IRS, THE SEC AND FIRA NEED TO FOLLOW ALL THE LYJN AND SCHMIEDER-SOLOMON MONEY, TRANSACTIONS, ASSETS, TO ACCOUNT FOR ALL SHAREHOLDER INVESTMENTS AND ASSETS.
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