First, I do believe in legally asserting your rights if you believe you have been wrong. Not sure shareholders would have a claim yet based on what happen to the FOXO shares as fraud for lack of evidence.
However, I do feel there is merit to exploring a lawsuit that starts with acting in bad faith, fraud, on the misuse of the US Government's Provider Relief Fund Program. There exists evidence, plus the 1.2 million settlement. RNVA in what appears in substantial financial difficulty at the time, with their scheme, went to enrich lenders ( Chris Diamantis ) and insiders including Seamus Lagan himself. How were the acting in the best interest's of the shareholders? quite the contary.
In the action, the Government alleged improper accounting. The financial reports from RNVA stopped in 2022 ? so the lack of transparency I believe starts around then & could be connected to why there are no fins. A lawsuit by shareholders perhaps could consider a request for forensic audit based on evidence presented in the Government action.
Shareholders typically need to file within 3 years of the act that gave rise to the lawsuit, or two years within discovering the act. This could be a problem, but I would say RNVA said they were innocent, and it was only discovered when they settled. Obviously, a lawyer would have to be consulted.
Basically, just saying, since you said you’re not kidding about filling an action, that I would look to say the fraud, act of bad faith, followed by lack of transparency, including to now with no fins, with no disclosure about action to get of EM status stems from their conduct with the fraudulent attempt of US PRF program funds.
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