JK1, I encourage you to read the below article (Link below) regarding this subject.
https://www.thebasilelawfirm.com/post/how-tox...nt-actions
A key part of the article is outlined below. First question is does snpw have potentially unlawful notes on their books that are currently being converted? If so, sounds like it would be up to snpw to file a lawsuit, the sec won’t file one for them. Sounds like it is every man for itself. Do you know if snpw is considering this? Again, suggest you read the article since you brought up this subject.
So where does that leave OTC Markets companies that have existing and potentially unlawful notes on their books that are currently being converted or are subject to a new rash of lawsuits by those lenders?
It’s still every man (company) for itself. If an OTC Markets company has potentially unlawful notes in its books, it should consider taking action now before it is further victimized by unregistered note holders. Indeed, some OTC Markets issuers CEOs have adopted an aggressive “take the fight to them” approach on behalf of their companies and their stockholders, and commenced lawsuits to rescind those agreements and have all of the stock that was unlawfully issued returned to the company or, instead, the dollar value of that stock paid to the company.
It would be a mistake to wait for the toxic lender to sue you first, forcing the company to react to their lawsuit. In the meantime, there are hundreds of OTC Markets issuers that suffer daily conversions of potentially unlawful notes crushing their company’s stock price and shareholder value. Issuers’ management teams owe a fiduciary duty to protect the company and its stockholders from such destructive, unlawful acts. Accordingly, we strongly suggest that you review all convertible notes on your books with your corporate counsel or securities attorney, do a simple SEC broker-dealer check (click here to check) and determine whether you need to take action to further protect your company and stockholders
If the SEC wins a favorable Ruling from this in the courts.Huge $ amount could be Awarded back to $SNPW/issuer.
Investors Hangout: https://investorshangout.com/post/view?id=670...z8dboLQBBT
https://www.thebasilelawfirm.com/post/how-tox...nt-actions
A key part of the article is outlined below. First question is does snpw have potentially unlawful notes on their books that are currently being converted? If so, sounds like it would be up to snpw to file a lawsuit, the sec won’t file one for them. Sounds like it is every man for itself. Do you know if snpw is considering this? Again, suggest you read the article since you brought up this subject.
So where does that leave OTC Markets companies that have existing and potentially unlawful notes on their books that are currently being converted or are subject to a new rash of lawsuits by those lenders?
It’s still every man (company) for itself. If an OTC Markets company has potentially unlawful notes in its books, it should consider taking action now before it is further victimized by unregistered note holders. Indeed, some OTC Markets issuers CEOs have adopted an aggressive “take the fight to them” approach on behalf of their companies and their stockholders, and commenced lawsuits to rescind those agreements and have all of the stock that was unlawfully issued returned to the company or, instead, the dollar value of that stock paid to the company.
It would be a mistake to wait for the toxic lender to sue you first, forcing the company to react to their lawsuit. In the meantime, there are hundreds of OTC Markets issuers that suffer daily conversions of potentially unlawful notes crushing their company’s stock price and shareholder value. Issuers’ management teams owe a fiduciary duty to protect the company and its stockholders from such destructive, unlawful acts. Accordingly, we strongly suggest that you review all convertible notes on your books with your corporate counsel or securities attorney, do a simple SEC broker-dealer check (click here to check) and determine whether you need to take action to further protect your company and stockholders
If the SEC wins a favorable Ruling from this in the courts.Huge $ amount could be Awarded back to $SNPW/issuer.
Investors Hangout: https://investorshangout.com/post/view?id=670...z8dboLQBBT
