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Posted On: 07/20/2022 4:06:33 PM
Post# of 36541
I think that if there is someone out there that is reading this, who would qualify as a major stockholder (of 122 million shares), they could force to have a stockholder’s meeting.
In brief: Shareholder rights and powers in USA
https://www.lexology.com/library/detail.aspx?...ion%20211).
Then the stockholders could force “Do Nothing” Joe out of office.
How to Remove a CEO From a Corporation
https://www.upcounsel.com/how-to-remove-a-ceo...%20company.
Then if a new CEO was found, they could maybe put a halt to the Chapter 7 or convert it into a Chapter 11 for the purpose of reorganizing Generex, satisfying the creditors and keeping the company a going concern.
Not having work in the upper level of corporate America, I have no idea if this is even a valid idea, let alone, how it would be accomplished.
In brief: Shareholder rights and powers in USA
https://www.lexology.com/library/detail.aspx?...ion%20211).
Then the stockholders could force “Do Nothing” Joe out of office.
How to Remove a CEO From a Corporation
https://www.upcounsel.com/how-to-remove-a-ceo...%20company.
Then if a new CEO was found, they could maybe put a halt to the Chapter 7 or convert it into a Chapter 11 for the purpose of reorganizing Generex, satisfying the creditors and keeping the company a going concern.
Not having work in the upper level of corporate America, I have no idea if this is even a valid idea, let alone, how it would be accomplished.
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