No...if that was the case, they would put the lawyer in retainer. Also, no need to recruit a lawyer with a business background and expertise with the OTC for that purpose.
Secondly, an expansion of the BOD would go against the idea of a BK...conversely, if there were BOD resignations, then that might be a sign of worry if the resignations were not to make room for new members.
Lastly, not sure how many people are tuning into the full scope of this person's credentials...he is verses with the OTC and has a business background. In the company's PR, I believe they stated they needed funding to move their business plan forward...and not that they needed to discontinue operations due to surmounting debt.
Okay...all that also doesn't mean 'there's a guarantee' here. Thinking this continues up, but wish I had that crystal ball.
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