RE:So let me get this straight.. Senior's offshore moral entity legal status lapsed due to unpaid taxes. Approximately 1.5 months later, the POA was
signed (questionable according to AMF allegations*). Senior and junior, ought not have executed* the agreement as the moral entity could not be bound within the same due to lapsed legal status. Was it an error, willful blindness, negligence, or fraud on the part of two seasoned C-suite executives - both PYR shareholders, one upper management/director of PYR that had previously attained $1 billion market capitalization? Junior a former investment Banker.
The above is the opinion of this layman, dalesio_98.
Good luck to all!
tamaracktop wrote: "Considering that Pascali Junior, by having orchestrated the Phoenix Claim and the Settlement.."
Did the CEO of PyroGenesis actually use a power of attorney from his father to initiate an action On Behalf of his Father against his own company and then turn around and negotiate a settlement on behalf of the shareholders???
You bet.
This story is completely F'd.