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CaoPanShou

09/02/22 12:17 PM

#4851 RE: free_man_n_paris #4846

A "custodian" is a court appointed manager. Lazar buys stock in a long dead empty shell and then goes to court to get himself appointed custodian. He then attempts to clean up the shells mess using the court to try and invalidate debts. When he has cleaned it up he ask the court to release him of his court appointed duties and then proceeds to sell it as a reverse merger candidate.
Sometimes it goes south. Lazar just asked to be relived of his custodianship of another ticker when he discovered the debt situation was not fixable.