NVMHNederlandse Vereniging van Munthandelaren
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0TC Bulletin Board: NVMH), now known as Terra Natural Resources Corporation, brought suit in California against NVMH; a company known as TiNV1; and two NVMH insiders, Christopher Michaels, NVMH's President, Chief Executive Officer and Chairman of the Board of Directors, and Jeffrey Kramer, NVMH's Senior Vice President, Chief Operating and Financial Officer and a Director.
The law suit seeks to set aside as a fraudulent conveyance an agreement between NVMH and TiNV1, whereby NVMH sold 1,500,000 shares to TiNV1 at a price of $0.
As part of the deal, NVMH and TiNV1 entered into an Option Agreement giving TiNV1 options to purchase 70,000,000 shares at $0.