Judge said she will hear arguments on the Abandonment claim, and that Brassington was not able to answer questions in her capacity [as a subcontractor], she wanted to hear from a legal representative of RETC (CEO/Director).
Although RETC has been reinstated with NVSOS, the judge has not heard the full testimony and closing arguments from either side in order to decide whether the abandonment claim has merit, and if an equitable remedy may be proper given the facts of the case.
As per the testimony of Brassington, all operating units are currently non-operational (closed). Whether they have been forced to "give up" is irrelevant bc the ultimate decision/action by management was made with their own INTENT irrespective of fault, MEANING "We were forced to close down due to COVID" does not negate the fact that all operating units have indeed been abandoned despite "desires" to re-open once COVID is gone. To me, this is no different than a parent giving up his/her child with "desires/hopes" to come back when circumstances are better?
I called the listed numbers of RUNE NY & Social Sunday and got "your call can't be completed as dialed, pls check your number."
Interestingly, the FINAL agreement for the BluWire acquisition is missing from 10-K exhibits of 2019. What we have is a redacted LOI of 10/16/2019 from 8-K filed which is only INTENT to acquire 51% membership interest:
1) Did this deal ever consummate?
2) Where is the final agreement on the 10K, what are the terms for the seller?
3) Did the 39.5% seller blow out of their Preferred Shares already & they still own minority interest?
DOES RETC REALLY own BluWire?
LOLssss $RETC - the plot thickens.
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