Mark Grober on Linkedin shows that he currently is Managing Member for Panache Capital. Significantly, one Sarfraz Hajee also works for Panache Capital. Why is that significant?
Well, Sarfraz Hajee signed the Registration Rights Agreement between IHSI and GHS FOR GHS:
So why is this significant? Well, Mark Grober (of GHS investments remember), also lists on his LinkedIn page that he was employed by Fairhills Capital and NIR Group (although he omits GHS):
So now why is THIS significant? (Phew... getting tough to follow the string? )
Well, Fairhills Capital was a MAJOR toxic financier (a "toxican"... love that name!) that even had its own board on IHub devoted to the companies they "death-spiraled.":
AND, they are were charged by the SEC " in a scheme to purchase billions of shares of stock from small companies and illegally resell those shares to the investing public...".
So although the Mark Grober on LinkedIn doesn't acknowledge GHS Investments, he acknowledges being Managing Member of a company (Panache Capital) that Sarfraz Hajee, the GHS signer of the Reg Rts Agmt with IHSI, also works for.
Not much doubt that this Mark Grober is the GHS Mark Grober, IMO.
In his defense, Mark Grober claims to have HIMSELF been defrauded by Fairhills, et al, and sued for compensation "promised to him" when he invested in Fairhills' illegal financings and sales.
Reading that you'll see that Grober is asking the Court to believe that he took a $180K/year position with FairHills (Ed Bronson) and was "innocently beguiled" into investing his compensation into Fairhills' schemes.
If y'wanna believe that, y'probably believe in the tooth fairy.
The Court has so far refused to compensate him, saying that to do so would be to engage the Court in the distribution of "ill-gotten gains", at least until the SEC charges are settled.
So there you go... great bedfellow for IHSI. At least he's apparently learned his lesson about the registration of shares!
Although to be clear (and please correct me if I'm wrong here) NO SHARES HAVE YET BEEN REGISTERED OR CHANGED HANDS.
The S1 appears to be provisional and is replete with errors, as my2Mustangs has previously pointed out.
If and when shares DO change hands however, it appears that Grober is entitled to $150,000 worth of FREEBIES as a Commitment Fee!
Wotta sweetheart deal!
Fun research though! IHSI is a poster child for death-spirals!
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