Replies to post #40205 on 12 Retech Corp (fka RETC)

[Randylus]

If you don’t perform your fiduciary duty to shareholders, someone else will. That’s the topic here. Shareholders (GS) has every right to challenge the current management.

[NewTrader2017]

Did George Sharp miss something? There are tons of abandoned companies in otc who hasn’t filed in years and have decent share structure.

Out of all these why he picked RETC , did he or his lawyer missed to do the due diligence that current management is still in operation and last quarterly report was filed at 06/26/2020 and then 10K on 04/01/2021 . They have submitted SC13G filings on 01/25/2021 . I definitely understand that they did it to exempt SEC filings.

What did George Sharp saw in current business that they found it an abandoned shell ?

Can someone answer me that? I am still holding my shares but feel shaky at this moment.

[BP Profits]

Shareholders can petition for custodianship when the company is abandoned by previous management, as in not filing for a year and allowing the company to become revoked. Which is where George Sharp came in.

[Major Profits]

If Sharp hijacks control of their shell, they can no longer use the RETC stock as a capital source to borrow more money for their business operations in the future.

That's true but if they own stock themselves the pps would go far higher with a George Sharp win and those shares would end up being worth a ton at some point.

I guess.

$RETC