Jun. 17 at 8:23 PM
$STHC In 2020, Bolster approached me and other shareholders requesting funds to acquire the Preferred shares of STHC. The stated purpose of the acquisition was to provide AMECA with access to public markets through a reverse takeover involving STHC.
One of AMECA’s shareholders subsequently transferred the funds to Mr. Bolster specifically for that acquisition.
Mr. Bolster then registered the shares in his own personal name rather than in the name of AMECA Mining or the contributing shareholder. To my knowledge, no clear commercial or corporate rationale for that structure was ever provided to shareholders, particularly given the stated purpose of the acquisition. He may argue that he was holding the shares in trust for the benefit of AMECA or certain shareholders. However, AMECA Mining has since been dissolved following broader issues under Mr. Bolster’s leadership, and questions remain regarding the ownership, control, and intended beneficiaries of those shares.