Then in 2012, McMillan self financed this very company with a convertible note through his "consulting company "J.H. Brech" and then converted and sold shares into his own company profiting at the sharesholders expense.
On October 31, 2012, J.H. Brech converted a total of $471,201 of convertible notes payable and accrued interest of $61,449 into 532,650 shares of common stock at a price of $1.00 per share. The underlying common stock issued has not been registered under the Securities Act and may not be offered or sold absent registration or an applicable exemption from registration requirements."
Then there is the Sun River fiasco in which McMillian was sued by the shareholders of that company claiming fraud and secured a judgment against McMillan. McMillan subsequently claimed bankruptcy.
On December 21, 2011, an involuntary bankruptcy pet ition was filed against Harry McMillan, the managin g member of Cicerone Corporate Development, LLC, a former consultant and principal shareholder of Sun River Energy, Inc. (the “Compan y”). According to the bankruptcy petition, McMillan owes the sum of $3,088,722 to a judgment creditor. The bankruptcy petition was fil ed in the United States Bankruptcy Court, Northern District of Texas. Thomas Aigner, one of the judgment creditors, obtained the judgmen t against McMillan on October 29, 1999. According to the judgment, the court found M cMillan liable for acts of common law fraud, statut ory fraud and breach of contract and awarded actual damages of $452,987 and exemplary da mages of $452,987. The difference between the amou nt awarded in the judgment and the amount claimed in the bankruptcy is attributabl e to interest.
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