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GColl

06/11/22 10:00 PM

#95247 RE: shajandr #95244

shajandr:
I probably should have taken the time back then to dig into the backgrounds of the retained lawyers.
I assumed (there's that word again) the plaintiffs were individuals of substance who were experienced in legal proceedings and knew how to find competent counsel.
Once I saw your posts about a real estate lawyer (first time I heard that), I wished I could have withdrawn the post you reference here.
I don't see anything positive on the horizon for SHs.
Everything seems to be dead in the water.
Sadly, even though you have pointed out many times that Billy has the majority of shares, I still think he operated with an invalid BOD and I still think he did things he should not have been able to do, but at the time he did them, there was nothing/no one in place to stop him.
It would take a monumental (and expensive) effort to get a court to review what Billy did without a legit BOD.
Many penny stock CEOs get away with "murder" and the SEC just doesn't want to spend the time, money and effort to go after them.
Probably one of the main reasons why these penny stocks are as risky as they are. An evil CEO can usually get away with almost anything.
Billy sure has.
Thanks and stay well. GC