Before considering a shareholder lawsuit first check to see if Explortex has any assets. Check that out quietly so as to not alert the company. If there are any assets then get a lawyer to put a Court Ordered freeze on any disposition of those assets and proceed to litigation.
The principals of an OTCBB or OTC company likely have huge liens against all assets so check that out too, because a lawsuit would achieve nothing other than the lien holders getting everything.
The principals have likely squirreled away any money they made from stock sales so it's not worth the costs to go after them, IMO.
It's tough to get even a lousy .10 cents on the dollar from a Nasdaq, NYSE, or AMEX company through shareholder lawsuits, so imagine the hurdles of getting anything from a company that hasn't filed Financials in years and is probably insolvent as well.
Best o' luck, Todoky and other aggrieved shareholders.
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