So Cecelia is the one who refuses to take the CE down? I don't know about all of that but regardless it was very professional of Harry not to mention her name in the shareholder letter. I honestly don't blame Harry one bit for this entire affair. But I have never talked to anyone from the company so its just my opinion.
If Hudson had a problem regarding his claim shouldn't he have handled it when Charles Townsend was the CEO? Why would he wait all of this time to complain and then spring this on Harry? Isn't there some sort of statute of limitations on all of this? It doesn't seem as if there is any dispute between the previous CEO Charles Townsend and Harry. If Hudson had a problem with the way things went down he should have handled it when Charles Townsend was the CEO.
4.5 Change in Control. On February 4, 2016, our co-control shareholders, EMSR and First Trust entered into a stock sale and business development transaction with Charles Townsend; whereby, Mr. Townsend would acquire control of the Company by EMSR and First Trust’s issuance to him of 35,000,000 shares of our Preferred Stock (“Control Stock”). As the result of this transaction, a change in our control occurred. Our sole officer and director resigned after appointing Mr. Townsend as our Chairman of the Board, President, and Chief Executive Officer. The consideration for the Preferred Stock was $40,000. Because the securities issued to Mr. Townsend were debt securities, they did not require registration or qualification in any jurisdiction. We have not subsequently registered the Control Stock; however, the Control Stock does appear on the stock transfer ledger maintained by the company. The Control Stock is not listed on any regional or national exchange, and the Control Stock is not quoted over-thecounter on any electronic intermediary quotation system