“Having an actual controversy is a legal requirement for this share cancellation to proceed, but it does not mean that the defendants will contest. They might or might not, it really depends on whether they receive actual notice and feel it is worth the cost of hiring an attorney.”
That is correct! They may not contest it at all and it will be smooth selling. Some here are trying to say it will take a long time to cancel shares but they can’t back those claims - it’s just misleading info.
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