Background for those who don't know...... Some 30 or more investors have $15+ million in notes with IPX that were issued as debt but Daniel convinced them to change from debt notes to equity after a PPM 1 note holder filed suit against him for breach of contract (failure to pay the debt) on July 15, 2015. He had no way to pay millions if these investors decided not to extend their notes annually. So now, these investors actually own equity shares (stock) in IPX.
The issue for them is declaring that they have "worthless" stocks. For 18 months now, I have been begging one of these investors to assert their legal right to obtain financial records from IPX. I have yet to have one of them say they have done this. Go figure!
THIS is all they need to establish "worthlessness".
@Debbie has one of these notes (BUT she did not sign the conversion to equity agreement) so she may not have "standing" as a stock holder to request financial records. She has a CPA/attorney who could send IPX a demand letter for financial records, if not in her name, perhaps on behalf of another share holder. When (oh he will) Daniel refuses, it goes one step further.... to the ACC or the courts to compel a forensic financial assessment.
Actually, if half a dozen of you all send demand letters it strengthens the "case". They do not need to come from a lawyer, but need to be sent registered mail.
Perhaps William Kozub (former IPX/EFP lawyer, who made LOTS of money from your investments over the years) might be willing to draft a letter you could use. I will pursue that and get back to you!