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Agree, they can be replaced, before David can move Univec forward, or get any of the licenses needed.
He has to address several issues, I'm not "attacking" him; just pointing out that he is signing documents with a title he no longer legally possesses in the jurisdiction where the business actually operates Maryland.
Representing oneself as a "CEO" in corporate filings while a court order has stripped those powers and labeled the individual a "Trustee" is considered a material misrepresentation,a direct strike against the Delaware Securities Act.
Fraud and Deceptive Devices." Under Section 73-201, it is unlawful for any person, in connection with the offer or sale of securities, to:
Make any untrue statement of a material fact.
Omit a material fact necessary to make statements not misleading.
If a person signs a document as "CEO" to maintain a stock’s "Verified" status or to entice investors, but they are legally a "Trustee" whose primary duty is to liquidate assets for a creditor (Case #24C08007222), that is a material misstatement.
Investors think they are buying into a growing company led by an executive; in reality, they are buying into a "zombie" entity led by a court-appointed liquidator.
In corporate law, these two roles have opposite goals:
CEO: Authorized to grow the business, sign contracts, and issue stock for expansion.
Trustee (of a Forfeited Corp): Authorized only to wind up affairs, pay creditors (like the $162-k owed to Baltimore), and distribute what remains. A Trustee generally does not have the power to "operate" the business as if it were a healthy, going concern.
UNIVEC CONGLOMERATE INC.
========================
Company Number (2670427)- number used in OTCM filings...
Incorporation Date 4 October 1996 (over 29 years ago)
Company Type Corporation
Jurisdiction Delaware (US)
Previous Names-UNIVEC, INC.
Agent Name-CORPORATION SERVICE COMPANY
Agent Address251 LITTLE FALLS DRIVE, WILMINGTON, New Castle, DE, 19808
Directors / Officers CORPORATION SERVICE COMPANY, agent
inactive branch UNIVEC INC (Maryland (US), 2 Apr 2003- )
The company which the court order placed him as "Trustee"
UNIVEC INC branch
=================
Company Number F07298094
Status-Forfeited
Incorporation Date-2 April 2003 (almost 23 years ago)
Company Type-FOREIGN CORPORATION
Jurisdiction-Maryland (US)
Branch of UNIVEC CONGLOMERATE INC. (Delaware (US))
Registered Address
SUITE 1404, 10 E. BALTIMORE STREET
BALTIMORE
21202 MD United States
Business Classification Text 03 ORDINARY BUSINESS - STOCK
Inactive Directors / Officers-DR. DAVID DALTON, agent
16 Nov 2007
DEPT. ACTION - FORFEITURE
OTCM doesn't check any of this, they take Davids word.
He has to address several issues, I'm not "attacking" him; just pointing out that he is signing documents with a title he no longer legally possesses in the jurisdiction where the business actually operates Maryland.
Representing oneself as a "CEO" in corporate filings while a court order has stripped those powers and labeled the individual a "Trustee" is considered a material misrepresentation,a direct strike against the Delaware Securities Act.
Fraud and Deceptive Devices." Under Section 73-201, it is unlawful for any person, in connection with the offer or sale of securities, to:
Make any untrue statement of a material fact.
Omit a material fact necessary to make statements not misleading.
If a person signs a document as "CEO" to maintain a stock’s "Verified" status or to entice investors, but they are legally a "Trustee" whose primary duty is to liquidate assets for a creditor (Case #24C08007222), that is a material misstatement.
Investors think they are buying into a growing company led by an executive; in reality, they are buying into a "zombie" entity led by a court-appointed liquidator.
In corporate law, these two roles have opposite goals:
CEO: Authorized to grow the business, sign contracts, and issue stock for expansion.
Trustee (of a Forfeited Corp): Authorized only to wind up affairs, pay creditors (like the $162-k owed to Baltimore), and distribute what remains. A Trustee generally does not have the power to "operate" the business as if it were a healthy, going concern.
UNIVEC CONGLOMERATE INC.
========================
Company Number (2670427)- number used in OTCM filings...
Incorporation Date 4 October 1996 (over 29 years ago)
Company Type Corporation
Jurisdiction Delaware (US)
Previous Names-UNIVEC, INC.
Agent Name-CORPORATION SERVICE COMPANY
Agent Address251 LITTLE FALLS DRIVE, WILMINGTON, New Castle, DE, 19808
Directors / Officers CORPORATION SERVICE COMPANY, agent
inactive branch UNIVEC INC (Maryland (US), 2 Apr 2003- )
The company which the court order placed him as "Trustee"
UNIVEC INC branch
=================
Company Number F07298094
Status-Forfeited
Incorporation Date-2 April 2003 (almost 23 years ago)
Company Type-FOREIGN CORPORATION
Jurisdiction-Maryland (US)
Branch of UNIVEC CONGLOMERATE INC. (Delaware (US))
Registered Address
SUITE 1404, 10 E. BALTIMORE STREET
BALTIMORE
21202 MD United States
Business Classification Text 03 ORDINARY BUSINESS - STOCK
Inactive Directors / Officers-DR. DAVID DALTON, agent
16 Nov 2007
DEPT. ACTION - FORFEITURE
OTCM doesn't check any of this, they take Davids word.
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