CGLO

Former Independent Directors of Coro Global Inc. Issue Open Letter to Stockholders in Connection with Upcoming Annual Meeting

Retrieved on: 
Tuesday, April 5, 2022

In addition, Messrs. Naser and Hppi are sending an open letter to the stockholders of Coro Global highlighting the continuing mismanagement and massive destruction of stockholder value by the Companys existing leadership.

Key Points: 
  • In addition, Messrs. Naser and Hppi are sending an open letter to the stockholders of Coro Global highlighting the continuing mismanagement and massive destruction of stockholder value by the Companys existing leadership.
  • Dear Fellow Coro Global Stockholders:
    Approximately six months ago, a group of Coro Global stockholders holding over 50% of the Companys outstanding common stock delivered to the Board a request to call a special meeting of stockholders in accordance with the Companys bylaws.
  • The stockholder group included, among many others, Lou Naser and Rudolf Hppi, each of whom previously served as an independent director of Coro Global.
  • 2 See Coro Global Responds to Recent Request for a Special Meeting of Stockholders, GlobeNewswire, Sept. 30, 2021.

Former Independent Director of Coro Global Inc. Files Lawsuit Seeking to Hold Current Board and Management Accountable for Self-Dealing and Entrenchment

Retrieved on: 
Wednesday, October 6, 2021

The lawsuit also seeks to compel the Company Board (consisting of the two Dorr brothers) to call a special meeting of stockholders in accordance with the Companys bylaws.

Key Points: 
  • The lawsuit also seeks to compel the Company Board (consisting of the two Dorr brothers) to call a special meeting of stockholders in accordance with the Companys bylaws.
  • We believe that the Dorr brothers should be held accountable for this unlawful and dishonest action.
  • The lawsuit filed by Mr. Naser seeks to invalidate the shares issued to the Dorr brothers and their associates as well as to compel the Coro Global Board to call a special meeting of stockholders.
  • Greenberg Traurig, LLP is serving as legal counsel to Mr. Naser.

Majority Stockholders of Coro Global Inc. Request a Special Meeting of Stockholders to Remove the Current Directors

Retrieved on: 
Monday, September 20, 2021

It is time for meaningful changes at Coro Global, said Lou Naser, who previously served as an independent director and Chairman of the Board of Coro Global.

Key Points: 
  • It is time for meaningful changes at Coro Global, said Lou Naser, who previously served as an independent director and Chairman of the Board of Coro Global.
  • The full text of the letter is reproduced below:
    Dear Fellow Coro Global Stockholders:
    It is time for change and meaningful improvements at Coro Global.
  • Further damaging the Company, the current directors and management have engaged in self-dealing to line their own pockets at the expense of Coro Global stockholders.
  • Coro Global simply cannot afford continued mismanagement, lack of leadership and self-dealing by the current directors and management team.