“The consolidated income statements showed in 2013 through 2015, growing net income losses (-$6.3 million; -$8.3 million; -$8.9 million), growing accumulated deficits (-$26.1 million; -$34.4 million; -$43.3 million), and abysmal EBITDA margins (-28%; -33%; -31%). These numbers were never brought to the attention of the small investors.”
The coversheet the trustee’s causes of actions against the officers are:
“Breach of Fiduciary Duties of Loyalty, Care and Good Faith; Aiding and Abetting Breach of Fiduciary Duties of Loyalty, Care and Good Faith; Negligence; Accounting; Corporate Waste; 28 USC §§ 157(b), 1334(b) and 1409(a). MONETARY DAMAGES AND ACCOUNTING.”
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