Mensa Mining Corp (EQBM): Update on former Larry Skolnik activitie...

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Arturo_Bechstone

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Monday, 02/05/2007 11:37:39 AM

Monday, February 05, 2007 11:37:39 AM

Update on former Larry Skolnik activities,
first problem while researching Larry Skolnik's track record is the fact that his name is spelt in at least 15 variations. Sometimes he calls himself Mr. Lawrence or Larry Uri Skloknick or Lawrence Skolnick or just L. Sklonik. Don't know why people use this variety of aliases but probably you get a better idea after reading my little research.
Why do I write this? - because I know from my experience that pink sheet companies like every small business is highly dependend on the management team and this leads me to the idea to research into Larry Skolnik's past in order to define a track record of closed deals and other achievements.
Larry is a guy with a lot of business friends and with some international relations as he sometimes appears with Swiss based companies or he manages to work for a Panamanian company or is associated with some Israel based entities.
Don't want to bore you with the early "LeHat period" and like to start around the beginning of this century. Larry was with a small company incorporated in Florida that was quite flexible when it came to business model. Some sources (see below) say that his son in law also was involved into this little company but this is quite nice if you have a family business. The company is called InteramericanResources (IAMR) and is of course listed at the pink sheets. First they tried to took over a HongKong based company called International Sport Fields but the gods were not with Larry and so instead they attempted to take over Wimbledon Unreal Grass PLC a company that was run by Wayne V. Reid a former Australian world class Tennis player. "Mr Lawrence" had the great idea to promote the change of business of IAMR with a trip to win for two persons to Australia to meet "Mr. Wayne"
See for press release:
http://ragingbull.quote.com/mboard/boards.cgi?board=IAMR&read=6375

But the luck was not on Larry's side again and and the deal didn't close but at least Larry has found a new friend in Mr. Reid who was added in 2004 to the trustee board of EQBM and there is another link as Larry Skolnik was/is working for First Union Kreditanstalt, a Panamanian company with more than dubious directors that are involved in international arms trading and dubious financial activities but First Union managed it to take over James Barclay Alan Inc and renamed it to Titan Consolidated Inc – just a few weeks later the company was delisted from the OTC-BB and was milked sorry… traded as a pink sheet under the name Titan Oil and Gas (TNOG) and I suppose the company Larry works/ed for made a good fortune by selling TNOG shares (by the way – TNOG hasn't earned one penny till today).

But lets continue with Interamerican Resources – after the deal failed they decided to take over a South Korean company called Allixon International Corp and in preperation of this deal they hired Lee Balak (yes, that's Mr. Ecuador Minanca EMCO Panama Gold Balak) as a CEO and renamed the company to Allixon Corporation (AXNP). Unfortunately the deal didn't close and the Larry-company was a free-of-asset-zone as so often during the last couple of years and to even this misfortune the take-over target demanded from AXNP to change its name – after this December 2005 AXNP signed a LOI to purchase MeridCom Inc but until today nothing has been released in respect of this deal and so a Ragingbull member shouted out "larry sklonik is a fraud... " hard words if you ask me but to my surprise the statement hasn't been deleted yet. Anyway the IAMR/ANXP story reminds me a bit to the EQBM story where Larry hasn't closed a deal yet – same with IAMR/AXNP – lot's of smoke but no fire during the last 6 years. By the way the story of AXCP (Allixon International) continued some sort of tragic because the company issued unregistered shares to an overseas broker (based at Turks&Caicos) and this guy sold the shares into the market but SEC got him – there is justice all around but Stockwatch tried to imply a connection to Lee Balak what I found highly unfair because it's a different company – read this part from the following link

Allixon International nearly came to Canada
Allixon International appears to be an offshore company, although its predecessor did negotiate a merger with a Canadian company in September, 2004. The deal, which was never completed, was with InterAmerican Resources Ltd., a pink sheets listing with a Toronto address.
When it disclosed the deal, InterAmerican said Howe Street promoter Lee Balak was hammering out the merger on its behalf. InterAmerican also appointed Mr. Balak a director in anticipation of the merger.
Mr. Balak, who was fined by the B.C. Securities Commission in 1990 in an unrelated insider trading case, was not named in the SEC's Allixon complaint. He did not return calls asking about Allixon.
The merger apparently fell apart in May on unfriendly terms after InterAmerican changed its name to Allixon Corp. in anticipation of the deal.
"Allixon has repeatedly demanded that [InterAmerican] no longer use the name 'Allixon' for its company name or trading symbol and Allixon will take any necessary actions to prevent any future un-authorized use of its name," Allixon said in a May 5 news release.
InterAmerican, or Allixon Corp. as it is now known, trades on the pink sheets under the symbol AXNP. The SEC target, Allixon International, trades as AXCP.
The SEC target Allixon last traded at $3.88, while the Canadian Allixon last traded on Thursday for three-100ths of a penny.

I found a further quote in a message board that shows how impressed people are with Larry Skolnik and his skills on almost all fields of business

funny how Skolnick shows up again with the company. what does he know about gold? his prior so-called companies were the med field (Advicemed) when Henley was persuing that, then he was cyber oriented (Magra) when Henley, then CISI were persuing that. When CISI was persuing e-commerce he had Shopping Europe. When they became IAMR his son-in-law shows up...but his SIL was involved in MAGRA also. Now they revive the company...a company that he states his SIL WAS president of. He is listed as Manager. Unfortunately the Fl Corps page seems to have a problem...maybe that last nasty virus...and all documents from 2002 are no longer available. [I found it] http://www.sunbiz.org/scripts/corevt.exe?a1=DETEVE&n1=H32242&n2=DOMP

Chapter 2 or lets call it "parallel activity is very exciting also and started in Canada like EQLFF did. Some businessman established a company called Cyrari Capital Corp that was incorporated in Ontario. Good old EMCO – another Panamain company that is involved in Minanca Ecuador as well – bought Larry, who was President of Cyrari Capital some Claims somewhere in Canada but Cyrari Capital wasn't that keen on developing those properties. In 2005 they re-domicilated to the USA (of course Wyoming) and changed name to Intercontinental Exploration (Ticker: INCE) – Jim Adams as CEO and good ole Larry Skolnik as President – an unbeatable team one would be tempted to say. Some shareholders might be a bit irritated that the company updated it's shareholder base as of 1/21/2006 in two different versions – but these are exactly the small things that make us love Larry and Jim. At both version EMCO (Panama) held 28.41% of the shares in INCE but in version A) a person called Fernando Sandigo from Nicaragua and director with a third Panamanian company called Overseas Investment Banking Alliance S.A. that was involved in the Matrixx/Vinoble story that happened last year and in fact they provided the properties (appears to me that the Panamanian companies are the better property providers, this guy held 5.47% and a Singapore company another 5.33%. Version B) is more interesting because the other Panamanian company Larry works/ed for – First Union Kreditanstalt S.A. held 39.44% and the subsiary First Union Kredit Group held another 5.59%. Quite strange that Larry wants us to believe First Union Kreditanstalt is a Swiss based company

First Union Kreditanstalt S.A Zurich CH Tel Aviv Israel
Larry Skolnik
management and funds administration
North American Office 2500 BATHURST ST #1006
TORONTO,ONTARIO m6b2y8
Canada
PHONE: 416 410 3995 fax 784 1529 mob 416 898 0708

http://www.imbinvest.com/news1.asp

Just because I mentioned Imbi Invest e.g. Imbi Bank e.g. IMBI partners. Look at the profile:
iMBI Partners was an international investment-banking boutique, structured to provide financing and services for the entire development cycle of a technology company. iMBI provided seed, start-up, and mezzanine finance for small to mid-size companies. In addition to capital, iMBI provided its selected start-ups with hands on experience in financial engineering, strategic management, and marketing advice.
Imbi ceased its business activities but I founf it quite a co-incidence that the CEO of iMBI Mr Guy Ravid is CEO of all three US-registered companies Striker LLC, Mr Carthy Grmache and BLRS LLC that sold its stake in Soma Petroleum LLC to EQBM back in 2004 – it's a small world one is tempted to say.

http://www.cukierman.co.il/web/teamview.asp?id=69 - that's Mr Ravid
http://www.cukierman.co.il/new_web/team_popup.asp?id=69 or is it him ??

Let's get back to INCE,; according to the latest year report the company wanted to enter the diamond business in Brazil but since then nothing was heard by INCE only one remarkable fact – the homepage of Intercontinental Exploration
http://www.icemining.com

redirects to the Homepage of Sao Luis Mining, another Pink Sheets company that is in the diamond business in Brazil just around the corner of Junina Mining the godd ole CMKM affiliate and as you remember it was CMKM that once held the Mininca property in Ecuador.
Bottom line is that my research led me to the conclusion that Larry's track record isn't that impressive. Someone told me once that you can only understand the future if you know and learn from the past….
Cheers

Arturo