So if the issue of stock wasn't in writing for a Delaware company, then his 50% claim is not valid as he was never issued stock? I'm sure #2 is a non issue for Cruise
Maybe. Guillory doesn't need to show he was issued shares to win. If Cruise promised him 50% equity, and didn't issue him any shares, that would be a breach of contract. Guillory would get damages not because he actually owned equity in Cruise, but to compensate him for the equity that was promised to him but never issued as shares. Contract damages put you in the place you would have been had the other side kept their promises.