December, 2016 No Comments News

On December 23, 2016, BitRush Corp director Karsten Arend issued a press release that “A MOTION HAS BEEN SCHEDULED FOR JANUARY 4, 2017” seeking the following:

  1. An interim Order that Werner Boehm deliver or cause to be delivered forthwith to BitRush the corporate assets and property of BitRushand its subsidiaries that continue to be within his possession or control; and
  2. An interim Order that Werner Boehm cease dealing with BitRush’s assets, communicating with BitRush’s customers, or holding himself out as an officer of BitRush or its subsidiaries.

The press release allegedly has been done on behalf of the Board of Directors which unfortunately is not the case. Truth is that the directors Karsten Arend and Hansjoerg Wagner neither communicated the commencement of legal proceedings nor its status or the respective press release to the third board member.

Furthermore, Karsten Arend and Hansjoerg Wagner are members of the Special Committee that has been implemented by Karsten Arend and Hansjoerg Wagner themselves without consent of the third board member.

Despite the press release regarding the Special Committee (Dec 7, 2016, see link) the Special Committee that has “to investigate the circumstances leading to the cease trade order and related matters and to report its findings to the Board” actually never reported anything to the board since inception, never asked for the approval of legal proceedings nor the respective press releases.