thomas wants shareholder meeting so he can take ov
Post# of 9144
(Total Views: 879)
Posted On: 06/19/2024 8:39:03 AM
thomas wants shareholder meeting so he can take over NNLX at such meeting--he apparently bought a lot of stock after the damage had already been done(his 1st complaint)
he is proposing a stock redo in which broker would have 15%, existing nnlx holders 25%-- and thomas would thus have 60% of stock by default
does not sound like current share structure would be used - nnlx holders might be compensated on a partial value basis for new stock- so current nnlx holders might receive far fewer shares than we now own but new shares would be worth more than the old shares worth at some point in past some years-or some other arrangement
its an ambitious scheme which remains to be seen- several steps would have to occur 1st- including avoiding a summary judgment on existing NNLX behalf and obtaining standing (right to sue NNLX)
THE PROPER VENUE is usually in the state and area where the company was located( Ohio) and doing business(out of Ohio)
thomas argues modern faxes etc trump the old rules of venue and thus would allow New Jersey court location-I've never seen this argument win out yet in cases I've been aware of
our emergency room dr will probably have to answer brets health questions
under most homestead rules one is allowed to keep their primary residence - but one can lose their house for back taxes -just as the IRS was often used to scare the mob
from public info it appears Bret has no money but his lawyer brothers must have money
he is proposing a stock redo in which broker would have 15%, existing nnlx holders 25%-- and thomas would thus have 60% of stock by default
does not sound like current share structure would be used - nnlx holders might be compensated on a partial value basis for new stock- so current nnlx holders might receive far fewer shares than we now own but new shares would be worth more than the old shares worth at some point in past some years-or some other arrangement
its an ambitious scheme which remains to be seen- several steps would have to occur 1st- including avoiding a summary judgment on existing NNLX behalf and obtaining standing (right to sue NNLX)
THE PROPER VENUE is usually in the state and area where the company was located( Ohio) and doing business(out of Ohio)
thomas argues modern faxes etc trump the old rules of venue and thus would allow New Jersey court location-I've never seen this argument win out yet in cases I've been aware of
our emergency room dr will probably have to answer brets health questions
under most homestead rules one is allowed to keep their primary residence - but one can lose their house for back taxes -just as the IRS was often used to scare the mob
from public info it appears Bret has no money but his lawyer brothers must have money
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