Seaam: If the legal action between ALAS International Holdings, Inc. and PV Enterprises, Inc. was truly a reverse merger with PV Enterprises being the surviving entity, both Saenz and Red Tide Defense (now named IMAG Group) would have ceased to be subsidiaries as they were subsidiaries of the mergedout corporation.
The only way for Saenz and Red Tide to have survived is if the transaction was NOT a RM as was claimed in the PRs and disclosures, but was simply ALAS International Holdings acquiring PV Enterprises as an additional subsidiary but issuing so many shares that Peter Villiotis became the majority shareholder.
After reviewing the PRs and OTC Markets disclosures, I believe that the transaction was an actual reverse merger and that neither Saenz nor Red Tide Defense (IMAG Group) remained as subsidiaries of the surviving corporation.