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It has been a crazy year with the battle for control of our company. Finally looks like the end of Berth's days are near as he is destroying our company. Ilan did an amazing job of turning the company around and when he started looking into Milton’s alleged "self-dealing" transactions last year he was fired. He fought back in the court (follow avn or xbiz for the deets) and now the courts are starting to see things his way.
Key takeaway from the judge's ruling:
Finding of Facts section, Gonzalez states, “Private's directors, most notably Milton, have been guilty of gross mismanagement in the conduct and control of Private's affairs,” that its “directors, most notably Milton, have been guilty of misfeasance, malfeasance or nonfeasance,” that the company “has been unable to conduct its business in accordance with established principles of good corporate governance because of Milton's refusal to allow it do so and his exercise of undue influence over Private's so-called ‘independent’ directors,” that “Private's assets are in danger of waste, sacrifice or loss,” and that “the appointment of a receiver over Private is necessary to preserve its remaining assets and business, and to protect its shareholders.”
Proof crime doesnt pay.
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"Deja moo - The feeling you've heard this Bull before."
Skype: jeffreydillon
Email: [email protected]
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