1ManBand&others, owners could hypothetically be pumping and selling...
Hypothetically speaking, suppose it was the plan to sell off shares, bank the money, then simply meet once a year and draw a salary for it while making a few stabs at improving some properties or developing some prospects?
I am unaware whether or when the company sold any shares at all but it's possible.
In Nevada, shareholders can sue to dissolve a company. Revocation is sufficient grounds.
Then the company has to distribute the remaining assets to the shareholders.
Nevada shareholders are only liable for the company's debt up to the amount that they stand to gain.
If, hypothetically speaking, the company isn't really operating, then there should be no real debts.
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