I just read the 41 page filing.
Doug Johnson is allegedly quoted as saying "F*ck the shareholders, this is my company and no one is going to tell me how to run it" when confronted about not scheduling an annual shareholders meeting this year.
Also very interesting to see how many alleged opportunities for financing that were rejected by Strickler and Johnson.
Strickler and Johnson allegedly tried to create a preferred class of stock and issue it to themselves without shareholder approval. This was allegedly stopped due to Paul Thompson's objections.
Strickler and Johnson then issued an 8K stating they would be compensated $180,000 annually and 10 mil shares issued at their discretion.
The lawsuit demands that Strickler and Johnson be removed "temporarily and permanently" from the board of directors and the court appoint a trustee to oversee TMSH.
If you've got time it a very interesting read. The plaintiffs all have a vested interest in TMSH and I have a feeling we have not seen the end of the company yet. Just my opinion, who knows what will come from the court proceedings.
News 
Market Data 
Discover 
