Replies to post #96215 on Astra Veda Corp (ASTA)

[VeronicaFox]

It’s all possible, however the CEO has made no statement since his PR over a month ago.

ASTRA VEDA ANNOUNCES DEVELOPMENTS IN WYOMING CASE
Press Release | 01/12/2024
January 12, 2024
OTC Disclosure & News Service

Aurora, CO —

This release includes additional documents. Select the link(s) below to view.
Court Development Press Release 12 JAN 2024.pdf

Astra Veda Corporation (OTC PINK: ASTA), an innovative force in launching disruptive technology startups, regrets to inform its shareholders of the recent legal development in the District Court of the State of Wyoming Fourth Judicial District, Sheridan County, Case No. CV 2022-216.

The court has issued a partial summary judgment against Astra Veda Corporation, resulting in a substantial financial obligation and an impact on the company's ownership structure.

In the case, the court has ruled in favor of the Plaintiff, awarding a judgment amounting to $887,796.67. In addition to the financial penalty, the court has mandated that Astra Veda Corporation transfer 12.5% of all existing shares, regardless of class, to the Plaintiff.

Moreover, the judgment includes a provision for Astra Veda Corporation to allocate 12.5% of any new shares issued, irrespective of class, directly to the Plaintiff.

Furthermore, the court has ordered Astra Veda Corporation to cover all costs, expenses, and attorney fees incurred by the Plaintiff during the legal proceedings. This judgment stems from a claim by a formation creditor of the private company WorldFlix currently known as Astra Veda Corporation, who had loaned the company approximately $251,500 in 31 separate loans between 2007 through 2013 and $9,000 in 2016.

This company will provide any further updates as they may come available.

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ABOUT ASTRA VEDA CORPORATION

Astra Veda Corporation is a Wyoming corporation bringing disruptive and innovative technologies to market through a rigorous due diligence and opportunity assessment program. Through our subsidiary and co-investment affiliate partnerships, Astra Veda provides a variety of unique intellectual property, business processes, products, and tools that create value for our customers and partners.

The company does not routinely communicate with anonymous investors from the public on a one-on-one basis. We want to avoid the appearance of insider trading or other inappropriate communications behavior. All substantive news and information will be sent out by way of the OTC Markets platform as well as other traditional news outlets.

Astra Veda does not engage in promotion of our stock or company.

Source: Astra Veda Corporation

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