Not at all. Karl was signing off on Quartelys as the CEO. If he didn't think to look at the Nevada report whose fault is that? Here's a metaphor: what kind of a CEO signs his companies US taxes and then fails to file his state taxes? A very very ignorant one. Whose responsibility was it to file the annual report with Nevada? The CEO. If he hadn't quit then he should have been fired for gross negligence.
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