"snowcrow, the statement released by OMDA stating that the stock issued to Lanza was invalid, if accurately worded makes me wonder. If OMDA's stock issued for payment of debt is ruled invalid, isn't that a problem for OMDA?"
Assuming that OMDA retired real debt with the issuance of the stock, then that would be true. OMDA would have a problem. Per my reading on the summary judgement, though, this was not a favorable ruling for BDGR. The judge followed up his decision by ordering the defendants to pay OMDA's legal fees. It would sure be great if BDGR would issue a statement as to what their exposure is here. My fear is that the claim of ownership to certain assets sold by Lanza to BDGR originate with the stock issue that is now ruled invalid. Of course, short of doing an awful lot of research, I have no way of knowing this for sure. Which is again a good reason for BDGR to speak out on this issue. This is a serious cloud hanging over BDGR and they should make their position public. Silence is not the right strategy.
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