Duluth Holdings (DLTH)

[inversor86]

They were called Janus Resources -symbol JANI- until 2013. An "oil and gas" company. Prior to that, they were Entheos Technologies, Inc. symbol ETHT. And prior to that several others, all owned/run by this guy who is a 60%+ owner of Renovacare... https://www.investorvillage.com/mbthread.asp?mb=6741&tid=3301750&showall=1


Kalen Capital Corporation (“KCC”), a private corporation solely owned by Mr. Harmel Rayat, beneficially owns approximately 66% of our issued and outstanding stock. This ownership interest may permit KCC to influence significant corporate decisions.

As of March 16, 2017, KCC, a private corporation solely owned by Harmel S. Rayat, a former officer and director of ours, beneficially owned approximately 50,008,783 shares (including shares issuable upon exercise of outstanding warrants and convertible notes), or approximately 66%, of our outstanding common stock. As a result, Mr. Rayat may be able to exercise significant influence over matters requiring stockholder approval, including the election of directors and approval of significant corporate transactions, and will have significant control over our management and policies. Mr. Rayat’s interests may be different from yours. For example, he may support proposals and actions with which you may disagree or which are not in your interest. This concentration of ownership could delay or prevent a change in control of our company or otherwise discourage a potential acquirer from attempting to obtain control of our company, which in turn could reduce the price of our common stock. In addition, Mr. Rayat could use his voting influence to maintain our existing management and directors in office, or support or reject other management and board proposals that are subject to stockholder approval, such as the adoption of employee stock plans and significant unregistered financing transactions.

Harmel Rayat and SEC fine for stock promotion. Numerous failed shell companies:

https://seekingalpha.com/article/46455-stay-away-from-octillion

Also read this article near the bottom about Rayat:

Entheos Tech, Internat'l Energy, PhytoMedical, and Octillion Corp.-- No Bargains in This Penny Stock Bin

http://10qdetective.blogspot.com/2007_09_01_archive.html