It is pretty amazing, isn't it. I wonder how many shares the Spencer's ( owners of GOSY), have, if the person that filed suit against them got over 2,000 preferred shares.
Agreed, why would any other OTC traded company think the GOSY lawsuit was an example of anything. I actually think the lawsuit that was filed in 2015, by the Spencers, is dead and gone.
The people they were suing just won the Default Judgment. They now have the right to the 2+K of Preferred Shares that converts into Multi-Million common shares and the restriction is off.
YEP, Crazy to me why any other OTC company would use this since the GOSY group have lost the lawsuit that releases all those shares.
The whole complaint filed by Wallace is very interesting, it is 45 pages, if it wasn't so long I would post it.
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