Replies to post #22795 on ConneXionONE Corp (CNNN)

[kex0414]

Wrong about "No dissolution". below is a copy of the proposed 2015 Dissolution and Liquidation Meeting as proposed by the 70% voting stock owner/CEO/Director/Widow; N.V. 2015 NV revocation; 2015 MI Dissolution; 2015 Dissolution Auction. (Which created the shell).

MI SOS DISSOLVED 2015

NV SOS 2015 Revocation

Dissolution Auction

Dissolution and/or Revocation is a State Action, not a federal Action. That is precisely why a dissolved company can become a shell. So to say that a company is not dissolved because it is a shell is arguing against the actual reason for its existence as a shell. Q.E.D.

According to the rules of the U.S. Securities and Exchange Commission, a shell company is a company that has:
(a) No or nominal operations;
and
(b) Either: no or nominal assets; or assets consisting solely of cash and cash equivalents;
or
(3) Assets consisting of any amount of cash and cash equivalents and nominal other assets.

A company can become a shell company through various means, including a sale or liquidation of its business