Replies to post #2524 on Inventergy Global, Inc. (fka INVT)

[TennisStar]

Gotta wonder what the personal liability is for corporate officers and board members of a publically traded company who allow the company to fall into forfeited and or delinquent status? This seems a bit different then just delinquent status with SEC filing...I really don’t know but maybe someone hopes shareholders aren’t sophisticated enough to figure out what their rights are... Game, set, match

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Contract voidability

If your business is suspended
You cannot:
Legally do business

If your business cannot pay its taxes, we may make you personally responsible if you:
Took assets out of your business
Have unpaid loans to shareholders
Paid excessive salaries to officers

https://www.wolterskluwer.com/en/expert-insights/the-consequences-of-losing-good-standing-status
https://www.ftb.ca.gov/help/business/my-business-is-suspended.html

[jackieadams75]

The lawsuits are not over yet. I am sure the tax bill will be paid from the massive proceeds. No worries.