Could be, but this is the responsibility of the current CEO and managment, not the prior EX-officer, Ed Salmon or Al Ayers.
In regards to the spin-out, we still have not seen anything that is compliant to the ALAS Shareholders Agreement that requires Annual Shareholders Meetings, votes for any disposal of assets not dispersed from paid-in-capital, or any disclosure of why these former officers have the authority to take company assets for their personal enrichment and dictate the terms of their personal enrichment.Has anybody received a shareholders voter proxy or such? Any notice of annual meeting?
I am very concerned regarding this so-called "spin out".
It appears to follow the posting on, Stock Playas, "Anatomy of a Scam", in some ways.....see
especially when you run a Florida Secretary of State directors/officers list under certain key names and see the 30 or 40 companies that had these same officers and whose company's closed their doors within one year of their appearance.