- Jurisdiction
- Colorado
Hi,
I apologize in advance if my story lacks needed detail, I will be glad to provide additional information if needed upon request.
I am one of the many investors in a pink sheet stock of LATF (Latteno foods);
this company allegedly owned a few subsidiaries, one of wich was a seafood importer which brought the bulk of revenue for the company (over $12 millions per year apparently).
apparently, after a period of silence lasted many months, a new CEO was appointed, which stated he could not find any document to prove the affiliation of this company (named Vstar seafood) to LATF.
the old CEO of LATF has effectively removed that, and possibly other companies from the main entity without shareholder knowledge and apparently left LATF as a shell.
Vstar seems to be based in California and has the old LATF CEO as registered agent.
without Vstar, LATF is only dealing in Mj research and might hold as much value as any other hopeful startup on the OTC ($0). also they erogated around 10 billion shares prior to this move.
A lot of investors claim that there should be a legal process to force the companies removed from LATF back, however I am not familiar with the issue and wanted to ask here the following:
Is there anything that can be done to either recoup the investment in this, now empty shell of a company?
If so, what would be the possible action to take?
please let me know if there are precedents on issues like this so that any legal action necessary can be structured the right way without risking losing extra money in unnecessary legal actions.
thanks in advance for your help in the matter.
I apologize in advance if my story lacks needed detail, I will be glad to provide additional information if needed upon request.
I am one of the many investors in a pink sheet stock of LATF (Latteno foods);
this company allegedly owned a few subsidiaries, one of wich was a seafood importer which brought the bulk of revenue for the company (over $12 millions per year apparently).
apparently, after a period of silence lasted many months, a new CEO was appointed, which stated he could not find any document to prove the affiliation of this company (named Vstar seafood) to LATF.
the old CEO of LATF has effectively removed that, and possibly other companies from the main entity without shareholder knowledge and apparently left LATF as a shell.
Vstar seems to be based in California and has the old LATF CEO as registered agent.
without Vstar, LATF is only dealing in Mj research and might hold as much value as any other hopeful startup on the OTC ($0). also they erogated around 10 billion shares prior to this move.
A lot of investors claim that there should be a legal process to force the companies removed from LATF back, however I am not familiar with the issue and wanted to ask here the following:
Is there anything that can be done to either recoup the investment in this, now empty shell of a company?
If so, what would be the possible action to take?
please let me know if there are precedents on issues like this so that any legal action necessary can be structured the right way without risking losing extra money in unnecessary legal actions.
thanks in advance for your help in the matter.