Replies to post #54427 on M Line Holdings Inc (MLHC)

[QServus]

You missed the best & downright absurdly comical parts:

October 2016, TCA, without just cause, fired M Line’s COO from his position in the Company however the COO still remained a board member. At that time without the legal authority, TCA took complete control of the business, changed the locks on the building and proceeded to remove assets including equipment and tooling, furniture, computers and servers as well as paperwork from the building and proceeded to shut down the aerospace business.
In January 2017, the prior COO obtained possession of the building again, and it was discovered that TCA had no authority, from the Board or CEO of the Company, to remove the assets and paperwork from the building. Unfortunately, with the removal of the tooling, manufacturing software and equipment as well as the computers and paperwork it was impossible to restart the aerospace business.

Due to the loss of documentation that was removed from the building by a lender (see the going concern and subsequent events notes) it is possible that there is litigation that is not included in this list.