… In any event, the press release said that the board subsequently terminated Farnsworth and his pals & promised an 8-K filing. The only problem was that “[t]he Company’s SEC codes and SEC filings by the Company have been blocked by the Farnsworth Group,” so that Form 8-K couldn’t filed until those issues were resolved.
Apparently, they still haven’t been completely resolved, because the only 8-K filed after this press release relates to an announcement that the company’s shareholder meeting was being postponed. However, on Wednesday, the company announced that a Nevada court had entered a TRO barring the Farnsworth Group from, among other things, “holding themselves out internally or externally as employed by the Company or acting on its behalf in any capacity.” The court also ordered the Farnsworth Group to turn over the company’s SEC codes.
In its press release, the company claimed that it had “thwarted a hostile takeover attempt for no consideration by the Farnsworth Group.” Over the years, I’ve seen a lot of people try to take control of a lot of public companies in a lot of different ways, but allegedly swiping EDGAR codes as a hostile takeover strategy is a new one on me….
‘Enforcement 40’ for 2020
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