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StockLogistics

08/12/21 2:20 PM

#51510 RE: trader59 #51509

I addressed this question more than once:


“Do you believe that anyone who'd go into a state court requesting appointment as a receiver fully aware of those bankruptcy proceedings and the trustee administering the estate intends to do legitimate business with the hijacked corporation?“

When you say “intends to do legitimate business” are you referring to the act of a custodian transferring the entity to a real business? I would not define that process as “doing legitimate business” since the definition of doing business in my opinion involves buying and selling a product or service, not transferring “business rights” to do so.

If you are asking me if I expect Harry to start a business that offers products or services that he administers as CEO, no I do not personally expect that, I only hope that a HPIL type situation or better would occur where the entity is assigned to someone who does business.
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StockLogistics

09/20/21 9:09 AM

#51672 RE: trader59 #51509

“ Disclosure of Court Appointed Custodian and Other Material Events:
1. Date of court order, name of court, case number, and name of custodian (if a corporate entity, include name of controlling individual).
On May 8, 2018, Chapter 7 bankruptcy proceeding was commenced in the United States Bankruptcy Court, District of Nevada (case#: 18-12662-ABL). On May 10, 2021, the case was fully discharged.
On July 14, 2020, Angela Collette was appointed the Receiver of the company in Case number 2020-1064-CB by Honorable Judge Alexander C. Lipsey of 9th Cicuit Court, Michigan.”

https://sec.report/otc/financial-report/294954/Supplemental-information.pdf

In 14 months no entity appears to have challenged this Michigan appointment.

How much are the creditors owed? How can there be creditors if the bankruptcy case was fully discharged?