The object of the lawsuit is not to benefit the Company's shareholders but to financially benefit
The Schoon Doctrine supports that acting Directors cannot bring actions against the Company, its Directors and/or Officers that are not in the interests of the Company and as such breaches the fiduciary responsibility of each the Director to the shareholders.
Accordingly, the Chairman of the Aphex Board of Directors,
Investor Contact:
Milestone Management Services
Jon@milestonemanagementservicesllc.com
702-217-9518
https://aphexus.com/
About
Forward Looking Statements
This current press release contains "forward-looking statements," as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations, or intentions regarding the future, including but not limited to, any products sold or cash flow from operations. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with distribution and difficulties associated with obtaining financing on acceptable terms. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations, and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations, or intentions will prove to be accurate. Investors should consult all the information set forth herein and should also refer to our most recent annual report for our last fiscal year, our quarterly reports, and other periodic reports filed from time-to-time with the
Source:
2022 GlobeNewswire, Inc., source