Item 1. Legal Proceedings
Item
1. Legal Proceedings.
On
October 19, 2019 the Company was served with a lawsuit by Norman Reynolds, a previously engaged counsel by the Company. The suit
was filed in Harris County District Court, Houston, Texas, asserting claims for unpaid fees of $90,378. While fully reserved,
Greenway vigorously disputes the total amount claimed. Greenway has asserted counterclaims based upon alleged conflicts of interest,
breaches of fiduciary duty and violations of the Texas Deceptive Trade Practices Act (“DTPA”). Greenway is confident
in its defenses and counterclaims and intends to vigorously defend its interests and prosecute its claims.
There
are no other active material legal matters as of the date of this report. See also Note 10 - Commitments and Contingencies –
Legal Matters herein above to the unaudited condensed condensed unaudited consolidated financial statements included elsewhere
in this report and incorporated herein by reference.
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