From RB by poster phoenixrising1-
Court case update...Marc, et al, came to court with proxies dated after the vote to oust Ed, et al. RW represented Marc's side with their legal team. The judge issued a continuance for additional evidentiary discovery as marc's side said they realized they had more affirmative proxies that they originally knew. Ed team claims the proxies are less than realistic given the post-dated nature of some of them. He also claims that the proxies were never filed with the SEC to validate the vote and the boards actions. Therefore the vote to oust Ed, et al., should be overturned. The judge seems to be looking at this case as an issue between two partners that has gone bad and seems to want a solution somewhere in the middle. Schwantz, I believe, was able to get into the court records evidence that Marc's team has allegedly mismanaged (lost, taken, or otherwise distributed to shell companies related to the Canadian trio and others) over $14 million in company funds over a relatively short time span. They have turned this information over to the SEC and, I believe again, the FBI. I have no idea what, if any, action the SEC or FBI will take. The court has ordered discovery for late August with another hearing currently slated for October. So, stand by, but don't hold your breath.
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