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Former ceo: a legacy of failure and fraud
Daniel C Montano
Zhittya Regenerative Medicine
Zhittya Therapeutics
Zhittya Genesis Medicine
A Hard Pill to Swallow
It's hard to believe Dan has a hard time swallowing anything when you see his size 50 inch trousers but...
Not just a hard pill for Dan but also a hard pill for the heirs to the Montano family bankruptcy and the Slaubs and Facobs of the world.
Maybe it deserves a sticky.
Let's get this clear.
Just so I understand. The supposed college dropout, that Dan begged to invest in CVBT, to the point that Dan guaranteed Calvin's investment with his own personal shares was successful in getting Dan voted out by a 95% - 5% margin?
The same supposed college dropout that later used Dan's own shares against him to vote him out?
The same Calvin Wallen that posseses Dan's shares that are currently valued at $420 million by independent valuation company and major institutional investors?
I just want to make sure because it's hard to understand because Dan has been CEO of soooooo many companies. He has such a prestigious degree. There is no way way he could let himself be stripped naked of everything by such a loser.
I just want to make sure I understand because after seeing the explosive video where he was PUT IN HIS PLACE by the Delaware attorney and reading the deposition where Dan said GOD spoke to him. I don't know how that could possibly happen.
After reading the process server's deposition about how Dan sped through parks and fields where children were playing, it is difficult to believe such a STABLE individual could have been bested by an under educated person.
I guess it's a hard pill to swallow. Lolol
Daniel C. Montano is a co-founder of our company and has been Chairman of the Board, President and Chief Executive Officer since 1998. In that role, he devotes approximately 40% of his business time to us. Mr. Montano is also currently the Chairman of the Board, President and Chief Executive Officer of Phage Biotechnology Corporation, an affiliated private biotechnology company which manufactures recombinant protein drugs and is our sole supplier of Cardio Vascu-Grow. From 1981 until 2004, he was also a member of the Board of Directors of Helen of Troy, Ltd; a corporation whose shares are publicly traded. In connection with matters that occurred in 1994, Mr. Montano agreed in 1997 to a settlement with the National Association of Securities Dealers, Inc. pursuant to which he was fined $102,500 and suspended by the NASD from associating with any NASD members for a period of two years. Mr. Montano consented to the findings that he had engaged in a course of conduct that resulted in the mishandling or misuse by his firm, Montano Securities Corporation, of funds entrusted to it by applicants to the company. Montano Securities Corporation was also found to have carried out securities transactions without maintaining sufficient net capital. In May 1998, the NASD suspended Mr. Montano’s registration as a registered securities broker for an unspecified time due to his failure to pay an arbitration award. In July 1998, the Securities and Exchange Commission entered an order affirming a decision by the NASD that Mr. Montano was found to have violated certain rules of the NASD, including not accurately and sufficiently discussing the mechanism of short-selling or the risks associated with implementing the strategy using a particular stock, making improper references to prior recommendations, making exaggerated and inappropriate presentations of prior recommendations and making improper projections.
I'll summarize some key phrases here.....
- Mr Montano was fined >$100,000
- Mr Daniel C Montano engaged in a course of conduct...resulting in
MISHANDLING funds entrusted by applicants
- Conducted Transactions without sufficient CAPITAL
- Suspended by NASD
- Failure to Pay Arbitration Award
- VIOLATED RULES OF NASD
- Making Exaggerated and Improper references and recommendations.
- Making Exaggerated and inappropriate presentations of recommendations
and projections.
Any of this sound familiar to how Dan treated the shareholders of VT, our investments and how he has conducted himself since leaving CVBT?
Any of this sound familiar to how Daniel C Montano seems to conduct business at Zhittya and with RMO?
It does sound familiar which is why I purchased front row tickets to his next money show presentation. This guy is brilliant.
Daniel C. Montano is a co-founder of our company and has been Chairman of the Board, President and Chief Executive Officer since 1998. In that role, he devotes approximately 40% of his business time to us. Mr. Montano is also currently the Chairman of the Board, President and Chief Executive Officer of Phage Biotechnology Corporation, an affiliated private biotechnology company which manufactures recombinant protein drugs and is our sole supplier of Cardio Vascu-Grow. From 1981 until 2004, he was also a member of the Board of Directors of Helen of Troy, Ltd; a corporation whose shares are publicly traded. In connection with matters that occurred in 1994, Mr. Montano agreed in 1997 to a settlement with the National Association of Securities Dealers, Inc. pursuant to which he was fined $102,500 and suspended by the NASD from associating with any NASD members for a period of two years. Mr. Montano consented to the findings that he had engaged in a course of conduct that resulted in the mishandling or misuse by his firm, Montano Securities Corporation, of funds entrusted to it by applicants to the company. Montano Securities Corporation was also found to have carried out securities transactions without maintaining sufficient net capital. In May 1998, the NASD suspended Mr. Montano’s registration as a registered securities broker for an unspecified time due to his failure to pay an arbitration award. In July 1998, the Securities and Exchange Commission entered an order affirming a decision by the NASD that Mr. Montano was found to have violated certain rules of the NASD, including not accurately and sufficiently discussing the mechanism of short-selling or the risks associated with implementing the strategy using a particular stock, making improper references to prior recommendations, making exaggerated and inappropriate presentations of prior recommendations and making improper projections.
I'll summarize some key phrases here.....
- Mr Montano was fined >$100,000
- Mr Daniel C Montano engaged in a course of conduct...resulting in
MISHANDLING funds entrusted by applicants
- Conducted Transactions without sufficient CAPITAL
- Suspended by NASD
- Failure to Pay Arbitration Award
- VIOLATED RULES OF NASD
- Making Exaggerated and Improper references and recommendations.
- Making Exaggerated and inappropriate presentations of recommendations
and projections.
Any of this sound familiar to how Dan treated the shareholders of VT, our investments and how he has conducted himself since leaving CVBT?
Any of this sound familiar to how Daniel C Montano seems to conduct business at Zhittya and with RMO?
It appears dan montano are an entire cow again
It appears Grant Gordon is heavily drinking again, based on what I'm hearing from my Venturis Therapeutics sources.
Bankruptcy Immenent?
Running Out of Cash?
DONT WORRY.... JUST CALL RMO!
Within minutes Laub and Montano can send you a term sheet and a fake PR for $150m in RMOnopoly money and make your insolvency problems go away. "Selling" international distribution rights in exchange for fake investments to Dan's friends and family has been the Montano hallmark of corporate funding for years.
Dan's proven method for "How to Bankrupt a Commpany in 30 Days" is the not so best selling sequel to Dan's first book "420m To Zero: The Story of the CEO of 13 Companies".
Due to be released soon are his upcoming titles...."Mail Order Brides for Beginners" and "When the Belt No Longer Fits: A CEOs story of extreme eating".
But the one I'm waiting for is "#IAmThe95% how to lose the company you founded and cry about it forever"
The Bankruptcy of Venturis Therapeutics
Venturis Therapeutics is bankrupt, literally and certainly morally. Having recently suffered a binding non-appealable 7-figure adverse judgment, this insolvent and illiquid company is all but certainly unable to pay it, which I believe will result one way or another in the liquidation of this zombie company. Here is more information:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=156705047
But aside from the literal bankruptcy, the moral bankruptcy is equally significant. Not only is the company controlled and led by someone the U.S. government accuses is a crook--Calvin Wallen III. But every time a shareholder raises a valid question about the company, not only do we not get a response, but instead the company and its supporters seek to divert the discussion to "Shittya" (the new company of the former CEO) or any extraneous topic that is anything but the question being asked. And that shows how bankrupt Venturis Therapeutics and its people are.
The company refuses to answer two (2) simple questions:
1) Why has Venturis not run a single clinical trial since 2007, in spite of numerous promises otherwise?
2) Why does Venturis refuse to release audited financial statements?
What financial information Venturis apparently does release, according to others on this board, is compiled financial statements from the auditors, hoping no one will notice that those are not audited statements but are rather just management's numbers on the auditor's letterhead. Big difference. Well, according to Robert Schleizer, Venturis CFO, the last audited statements that we know of came with a going concern qualification from the auditors. I guess that's not something the company wants people to see, though. And if there were more recent statements that did not have a going concern qualification from the auditors, something tells me we would have seen them. I wonder why we haven't?
Instead, all we get are bad attempts at diversion, obfuscation, and confusion. No one is fooled. Venturis and its leadership team has zero credibility with anyone--and even each other as rumors have it (a departed insider spilled the beans--click this link).
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=157664278
Well, the end is here. It won't be much longer before this company disappears. I already took my tax write-off. But I refuse to remain quiet, and will remain witness to the lies and deceit that are Venturis and its crooked leadership team.
It's really obvious to anyone not named the failed ex CVBT/VT CEO or one of his failed minions, why there hasn't been a clinical trial since 2007. And yet another reason why I'm happy the "uneducated" management took over.
WHY NO CLINICAL TRIALS SINCE 2007?
We shareholders keep posing this question to Venturis Therapeutics.
Venturis Therapeutics refuses to answer the question.
Venturis Therapeutics refuses to hold the shareholders meeting in 2020.
All Venturis Therapeutics and its supporters want to do is point fingers elsewhere and talk about Dan Montano (who is long gone). If in 7 years all the leadership of this company has to say is that "it's our predecessor's fault," that's the defintion of failure.
Faiure of leadership. Failure of accountability. Failure of viability.
For more information:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=156705047
A Hard Pill to Swallow
It's hard to believe Dan has a hard time swallowing anything when you see his size 50 inch trousers but...
Not just a hard pill for Dan but also a hard pill for the heirs to the Montano family bankruptcy and the Slaubs and Facobs of the world.
Maybe it deserves a sticky.
Let's get this clear.
Just so I understand. The supposed college dropout, that Dan begged to invest in CVBT, to the point that Dan guaranteed Calvin's investment with his own personal shares was successful in getting Dan voted out by a 95% - 5% margin?
The same supposed college dropout that later used Dan's own shares against him to vote him out?
The same Calvin Wallen that posseses Dan's shares that are currently valued at $420 million by independent valuation company and major institutional investors?
I just want to make sure because it's hard to understand because Dan has been CEO of soooooo many companies. He has such a prestigious degree. There is no way way he could let himself be stripped naked of everything by such a loser.
I just want to make sure I understand because after seeing the explosive video where he was PUT IN HIS PLACE by the Delaware attorney and reading the deposition where Dan said GOD spoke to him. I don't know how that could possibly happen.
After reading the process server's deposition about how Dan sped through parks and fields where children were playing, it is difficult to believe such a STABLE individual could have been bested by an under educated person.
I guess it's a hard pill to swallow. Lolol
Former ceo: legacy of fraud and unaccountability
Venturis Therapeutics: A legacy of failure & unaccountability
Here we are, three months past the date which the bylaws of Venturis Therapeutics state the 2020 shareholders meeting should have taken place (but didn't). With Venturis having suffered a catastrophic 7-figure adverse judgment in binding arbitration at the hands of its former CEO, Daniel Montano, it's just a matter of time before Venturis is liquidated or declares bankruptcy. I believe Venturis is on the verge of collapsing under the weight of its lies and deceit. And rather than addressing any of the concerns of shareholders, all the company's supporters seem able to do is to talk about events of 7 years ago, about people who haven't been in the company for thes same period, and refuse to address one simple question:
Why has Venturis Therapeutics failed to run a single clinical trial since 2007?
We shareholders never, ever, ever get an answer to that question. Under the leadership of Calvin Wallen III, who has been accused by the U.S. government of being a crook and is awaiting trial for having allegedly stolen $14 million from his previous company, Venturis Therapeutics has nothing but a legacy of failure, lack of accountability, and a repeated history of false statements made by the company and its representatives. It's pathetic.
It's all over soon enough. I've already taken my write-off of my worthless shares. But I refuse to stay silent, and I refuse to go away quietly. There will be accountability, one way or another.
For more information:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=156705047
What a great find. I missed that one.
Danny-Boy in the BIG HOUSE at 18 before Orange Jump Suits were invented.
BWAHAHAHAHA!!!!!!!!!
I found this on a search on our ex-CEO, Daniel C. Montano. There was a cocaine possession along with a certain, Yvonne Jimenez. If he's 78 years of age he is old enough to be the same Daniel C. Montano. He was arrested at Dakota Street, LA. I know Montano came from East LA. CHECK IT OUT.
https://caselaw.findlaw.com/ca-court-of-appeal/1809781.html
He looks the same other than the 250lbs in weight he has put on since 1960!!
Now that's an impressive list of accomplishments!
I am amazed by the ex-CEO, Daniel C. Montano posting on the message board. A sign of his desperation perhaps. One of the benefits of Alcoholic Dementia is that Dan’s short-term memory is all of about 10 seconds.
Daniel C. Montano, ex-CEO of CVBT, is guilty of the following -
A. Undischarged Chapter 7 bankrupt
B. Ex-CEO of CVBT whose shareholders voted him out by a margin of 95%-5%
C. Tried to steal VT’s property
D. Ran CVBT into the ground before being rescued by Calvin Wallen/Grant Gordon/Mike Flaa
E. Bankrupted Phage Biotech
F. Bankrupted Knudsen Foremost Dairies
G. Bankrupted VTN Corp
H. Bankrupted VTN Phils
I. Bankrupted Montano Securities
J. Bankrupted Baraban Securities
K. Bankrupted Gold Properties Resporation
L. Bankrupted Cardio Phage International
M. Bankrupted Zhittya Stem Cells
N. Bankrupted Medical Professionals International
O. Bankrupted Helenas Medical Research
P. Bankrupted St. Marya Investments
Q. Bankrupted St. Michael Research Corp
R. Bankrupted Medical Cloning Technology
S. Hasn’t had a successful company since 1983
T. Took a $1.8 billion public company & lost $1.76 bn of market capitalization
U. Driving through a parking lot full of soccer kids at reckless speed
V. Constantly blubbering like a baby in court & telling the judge that he, Dan Montano, is on a mission from GOD that only he can accomplish
W. Closet alcoholic who fires off drunken emails to creditors who then bankrupt Phage Biotech
X. Convicted of fraud when he looted Baraban Securities in Orange County CA
Y. Dan Montano destroys CVBT’s London IPO by giving an interview with a financial journalist a few days prior to the IPO. The IPO then went into meltdown due to his incompetence.
Z. Kept repeating the non-sensical statement that when CVBT hits he’ll hire Bill Gates as his gardener
AA. ALL OF THE ABOVE
Of course the answer is AA, all of the above.
ALL OF HIS IMCOMPETENCE/FRAUDULENT ACTIVITY IS CONTAINED WITHIN THE FOLLOWING YOUTUBE VIDEO
A Venturis Therapeutics (VT) affiliate has an award approaching $2m against the ex-CEO, Daniel C. Montano which is set in stone by the courts.
In the arbitration Montano/Jacobs were slammed by the arbitrator for attempting to steal VT’s assets. He did award Montano a few months unpaid salary dating back to 2013 which amounts to much less than 7 figures and is nullified by the above judgement against Daniel C. Montano. In any event the arbitrator stated that any payments to Montano/Jacobs would only be paid at VT’s discretion AFTER VT pays for it’s clinical trials costs and General & Administrative expenses.
7 individuals were found guilty of bringing a nuisance case against VT. The wife of Daniel C. Montano is being pursued by Judge Spraker for champerty for financing the spurious case which may or may not result in Federal jail time.
One of Daniel C. Montano’s closest business partners, John Laub, is one of the 7 mentioned above. He was caught perjuring himself by Judge Spraker when he finally admitted that the spurious action was for the purpose of trying to put VT out of business. This is a very serious matter. It appears that the damages award against the 7 could well result in the personal bankruptcy of the “Spurious 7”.
It was stated that the VT CFO declared that at a previous Annual Meeting (2 years ago) that VT was insolvent. Clearly that statement is erroneous. Firstly, no CFO would make such a statement at a shareholder meeting. Insolvent companies don’t have Annual Meetings. In addition insolvent companies don’t expand their Patent Portfolio as dramatically as VT has whilst being “insolvent”.
Dan’s puppies spout ad nauseum that Calvin Wallen is being pursued by the US govt. Much as I’m sure that is on the ex-CVBT CEO’s wish list it is again incorrect. As you can see from official court documents the action was being mediated at present at the request of Gloria’s Ranch. As Dan Montano found out the hard way, Calvin Wallen plays for keeps as the Gloria’s Ranch people also found out hence the mediation. Gloria’s Ranch failed to file on the papers in June so effectively the matter is now closed. https://www.dropbox.com/s/t4axik9b0gjj0a9/Tauren.pdf?dl=0
Hmmm...let's see. The current management is going to spend hundreds of thousands of dollars in legal fees and millions moving CVBT/VT forward and the previous failed administration thinks bankruptcy is imminent over a $1m judgement? If that's how an "educated" mind thinks, thank the lawd the uneducated took over.
BTW - Why would anyone celebrate a victory when they've already lost the war? It's already in Black and White! Hahaha.....
Agreed, JB. However, this only makes sense to the rational thinking people. The 95% of shareholders.
We expect the noise to continue if you're #420mtoZERO or had your shares taken away from you. It's actually fascinating to watch...
VT spent a quarter million defending the involuntary bankruptcy and litigating against fat boy, slaub and facobs.... But they are all of a sudden going to fold because a $1m judgement that the judge said they can pay at their discretion on timing? Give me a break.
Even in all the darkness, there's good news to be celebrated
There's no doubt these are very difficult days for Venturis Therapeutics, as Venturis is facing bankruptcy and liquidation after losing a 7-figure judgement to its former CEO, Dan Montano that it likely can not pay. Further, its CEO and controlling shareholder, Calvin Wallen III, is an accused crook who is facing a trial brought by the U.S. government for allegedly stealing $14 million from his previous company. Yet even with all the bad news of late, we must celebrate good news when it occurs.
Grant Gordon, a member of Venturis Therapeutics's leadership team, recently celebrated an impressive triathalon victory in Oregon. As we've been repeatedly told, Grant made some serious life changes in recent years to embrace a "clean-living" lifestyle, and this victory is proof of how far that clean-living lifestyle has taken him. It's impressive any way you look at it.
Just after the finish line, when Grant apparently passed out right after performing an impromptu tap dance in celebration, Grant had to be carried back to his hotel room because he had pushed himself too far. It took a while for Grant to recover, but to no one's surprise, he is apparently hitting it hard again. The buzz on Grant from Venturis sources is that Grant is deeply thirsty for more, and this has led to a recent absinthe...er, absence, that everyone has noted because Grant's training seems to be the priority in his life. One would think that Grant might be satisfied with his most recent triathalon victory, but no, Grant is continually striving to quench an even greater thirst. Even during a recent blackout, Grant still continued to train, with his goal of many more toasts in celebration in the future.
Grant, I salute your victory, your dedication to your training, and your single-minded focus on drinking in all of the victories your clean-living lifestyle affords. We raise our glasses to salute these results, and hope for even better ones in the future!
For more information:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=156705047
The Bankruptcy of Venturis Therapeutics
Venturis Therapeutics is bankrupt, literally and certainly morally. Having recently suffered a binding non-appealable 7-figure adverse judgment, this insolvent and illiquid company is all but certainly unable to pay it, which I believe will result one way or another in the liquidation of this zombie company. Here is more information:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=156705047
But aside from the literal bankruptcy, the moral bankruptcy is equally significant. Not only is the company controlled and led by someone the U.S. government accuses is a crook--Calvin Wallen III. But every time a shareholder raises a valid question about the company, not only do we not get a response, but instead the company and its supporters seek to divert the discussion to "Shittya" (the new company of the former CEO) or any extraneous topic that is anything but the question being asked. And that shows how bankrupt Venturis Therapeutics and its people are.
The company refuses to answer two (2) simple questions:
1) Why has Venturis not run a single clinical trial since 2007, in spite of numerous promises otherwise?
2) Why does Venturis refuse to release audited financial statements?
What financial information Venturis apparently does release, according to others on this board, is compiled financial statements from the auditors, hoping no one will notice that those are not audited statements but are rather just management's numbers on the auditor's letterhead. Big difference. Well, according to Robert Schleizer, Venturis CFO, the last audited statements that we know of came with a going concern qualification from the auditors. I guess that's not something the company wants people to see, though. And if there were more recent statements that did not have a going concern qualification from the auditors, something tells me we would have seen them. I wonder why we haven't?
Instead, all we get are bad attempts at diversion, obfuscation, and confusion. No one is fooled. Venturis and its leadership team has zero credibility with anyone--and even each other as rumors have it (a departed insider spilled the beans--click this link).
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=157664278
Well, the end is here. It won't be much longer before this company disappears. I already took my tax write-off. But I refuse to remain quiet, and will remain witness to the lies and deceit that are Venturis and its crooked leadership team.
Really? Wow that's so intetesting.
Venturis Therapeutics's Bad Faith Part 1 - On Display For All To See In My Opinion
Sometimes an event occurs which crystallizes for you what you're actually dealing with rather than what you had hoped things would be. I had that experience long ago with Calvin Wallen III and Grant Gordon, at which point it was clear to me that the leadership of Venturis Therapeutics (called Cardiovascular Biotherapeutics or CVBT at the time) were bad actors and nothing good would come of this crew (and indeed, nothing has--not a single clinical trial has been run since 2007, and the lying has been constant, which I have documented elsewhere--see my quiz series for this--linked in below--and in particular questions 11 and 12).
Such a crystallizing event just occurred, in public and in the open for us all to see. So let me specifically draw attention to it for anyone who is sitting on the fence on whether or not there's even an iota of integrity left within the leadership of Venturis Therapeutics.
The U.S. government is suing Calvin Wallen to recover $14 million he allegedly stole from his previous company, Tauren Exploration Inc. I've documented this case extensively. Mr. Wallen has successfully managed to put off his trial for 3 years with a scorched-earth approach to delay, delay, delay (with a tremendous assist from coronavirus), so his day of reckoning has yet to take place. It will, and from reading the public filings in his case (linked below), it's my opinion (and I'm not a lawyer) that the government has him nailed to the cross. So if it's clear to a third party like me that he is guilty (and obviously to him as well, no one who is innocent wouldn't fight tooth and nail to delay their own trial to clear their good name, and let's not forget that all that money didn't make its way magically into bank accounts controlled by Mr. Wallen by itself), then it only makes sense that Mr. Wallen would try and put this off as long as possible.
The case is a little complicated, but at the center of it, as I understand it, is the largest creditor to Tauren Exploration, the owners of the land that Tauren was drilling for gas on, called Gloria's Ranch. As one delaying tactic for his own trial, Mr. Wallen was disputing how much money Tauren owed to Gloria's Ranch. The question to be decided was whether it was $26 million as Gloria's Ranch maintains, or $22 million as Mr. Wallen maintains. The matter was sent to arbitration to determine, and then once a final figure was issued by the arbitrator, then the Tauren bankruptcy case against Mr. Wallen would move forward.
So what's now coming out of Venturis Therapeutics's supporters is a report - a FALSE REPORT - that the entire government case against Mr. Wallen is over and done with.
That is a flat-out lie. And right there, it reveals the bad faith that is at the center of Venturis Therapeutics and people associated with it. To be clear, Venturis has not issued a statement on this. But it is my opinion that this explanation is clearly coming from people in Venturis Therapeutics leadership team, anonymously, to create plausible deniability. No one is fooled.
Let's assume for a moment that the alleged filing date by Gloria's Ranch was missed. And let's assume because of that, the arbitrator rules in Calvin Wallen's favor. All that means is that the liability to Gloria's Ranch has been determined to be $22 million, not $26 million. It doesn't mean that there is no liability. And it doesn't mean that there's a chain of events that leads to the discharge of the government's case against Mr. Wallen. Indeed, if one looks at the filings in the government's case against Mr. Wallen, nothing has changed - the case is still active and is going to advance. I don't know what happened in the arbitration case, and I'm not going to spend time to figure it out because it doesn't matter. I suspect that whatever deadline passed is not going to prove to be a watershed event, but even if it does, it just means that Tauren's liability to Gloria's Ranch is $22 million, not $26--and Calvin Wallen is still accused of stealing $14 million of the money that should have gone to the company's creditors.
It's my opinion that these arguments are made in bad faith, in order to fool unsuspecting individual(s) who may be looking at investing in Venturis, from the reality of the situation. Let's not kid ourselves - no credible person would invest a dime into ANY company where the CEO is accused by the U.S. government (no less) of stealing $14 million. And efforts to obfuscate, confuse, or outright lie about that reveal character deficiencies that should be disqualifying for anyone paying attention.
So go ahead, Venturis Therapeutics leadership, put out whatever disinformation you think best. All it does is reveal bad faith, dishonesty, and further cement reasons why no one should be dealing with this company or its leadership, for any reason.
Here are the links to the various U.S. government cases against Calvin Wallen and related entities for allegedly stealing $14 million from Tauren Exploration Inc., for which Mr. Wallen will eventually be going on trial:
Tauren Exploration, Inc. Liquidating Trust vs. Calvin Wallen III:
https://www.pacermonitor.com/public/case/24021776/Tauren_Exploration,_Inc_Liquidating_Trust_v_Wallen,_III
Tauren Exploration, Inc. Liquidating Trust vs. Pandale Holdings, Inc. et. al:
https://www.pacermonitor.com/public/case/24021775/Tauren_Exploration,_Inc_Liquidating_Trust_v_Pandale_Holdings,_Inc_et_al
Tauren Exploration, Inc. Liquidating Trust v. Fossil Operating, Inc. et al:
https://www.pacermonitor.com/public/case/24021777/Tauren_Exploration,_Inc_Liquidating_Trust_v_Fossil_Operating_Inc_et_al
Here are the links to my quiz series, which documents the lies and repeated failure of Venturis Therapeutics in a humorous format. This is the link to the most recent question, but at the bottom of the posting are links to all the previous questions in the series as well:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=157528260
For more information:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=157492465
A Venturis Therapeutics Insider Tells All
Back in June 2020 I put up a posting revealing what a Venturis Therapeutics insider who left the company had to say about his/her experiences there. It's worth another look:
MAJOR NEWS: Venturis Therapeutics Insider Spills The Beans
Someone I know who's also a Venturis Therapeutics / Cardiovascular Biotherapeutics (CVBT) shareholder had a phone conversation with an individual who used to work at Venturis Therapeutics, and found out what’s really going on. It's ugly (to no surprise).
Here are the highlights:
1) The individual indicated Venturis Therapeutics is broke and has no money, and has not had any money during his/her period of involvement. The lack of resources has led to departures of several executives. (Editorial comment - this explains the constant turnover in the leadership team, which I have noted in a series of posts over the last several years.)
2) This person said that not only is there no clinical trial activity going on, there is no plan for any clinical trial activity to happen. They have not even manufactured drug. This person said all the clinical programs are dead in the water.
3) The individual indicated the whole patent strategy is an effort to give the appearance of viability, and spending money on patents is cheap compared to clinical trials. This person does not believe that any of the new patents are actually meaningful. (Editorial comment - That’s obvious to anyone who has any background in science or medicine, or has any level of education.)
4) Grant Gordon has reportedly been in and out of hospitals due to his end-stage illness, and has been written off by insiders.
5) This individual believes the situation at Venturis Therapeutics is hopeless. It’s why he/she left. And he/she is still owed money that he/she believes he/she will never see.
Editorial comment – None of what this individual told my friend comes as a surprise. Still, it’s useful that it’s now been confirmed by someone who was in a position to know all.
Question – How many weeks will it be before Venturis Therapeutics shuts down/files for bankruptcy? I believe we are down to weeks at this point, not years.
For more information:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=155716827
All days ahead are brighter and better because DM is not part of the company
If "better days" means bankruptcy and liquidation, then I agree with you.
For more information:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=156705047
All I know is Montano screwed up CVBT and is paying for it. My involvement with CVBT for over 15 years warrants this conclusion. From what I heard recently better days are ahead.
Following my previous posting, one other explanation for why Venturis Therapeutics's leadership continues to anonymously put out demonstrable falsehoods could be due to alcoholic dementia.
I happen to believe it's bad faith exclusively, BUT we can't dismiss that there could be alcoholic dementia involved as well. Time will tell...
Venturis Therapeutics's Bad Faith - Part 2 - They Can't Stop
One would have thought that since Venturis Therapeutics has been called out by me and others for its bad faith in putting out demonstrably false information that would be favorable to the company if true (although it's not), that someone would have realized it's unwise to continue doing so (see link below). Apparently not.
I'm not going to tear apart message #2740 lie by lie, because it's not worth my time. Let me just call out one particularly egregious, pants-on-fire, Pinocchio-on-steroids lie:
"In the arbitration Montano/Jacobs were slammed by the arbitrator for attempting to steal VT’s assets. He did award Montano a few months unpaid salary dating back to 2013 which amounts to much less than 7 figures and is nullified by the above judgement against Daniel C. Montano. In any event the arbitrator stated that any payments to Montano/Jacobs would only be paid at VT’s discretion AFTER VT pays for it’s clinical trials costs and General & Administrative expenses."
Rather than refute that paragraph lying sentence by lying sentence, let me just say this. At some point, I'm confident that this judgment is going to become public information. When it does, the above statement will be seen as the orgy of lies that it is. And indeed, the same can be said for many of the other assertions.
I simply do not understand how Venturis Therapeutics thinks it's advantageous to lie about black and white matters that even if not public today, will eventually become so. It's beyond discrediting.
But then again, maybe it's not that strange coming from a company where the man in charge, Calvin A. Wallen III, is accused by the U.S. government of stealing $14 million from his previous company, and is facing trial. And Grant Gordon has also credibly been accused by others of (different) illegal acts as well. Birds of a feather...
For more information:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=156705047
Here are two earlier postings exposing the falsehoods that are coming out from Venturis Therapeutics:
#1: https://investorshub.advfn.com/boards/read_msg.aspx?message_id=157614782
#2: https://investorshub.advfn.com/boards/read_msg.aspx?message_id=157492465
I'm sure everyone is delighted that VT has Alcoholic Impotence covered by the 3 ED patents it has in the ever expanding patent portfolio
If only VT could come up with a therapy for Business Impotence which a certain ex-CEO of VT has been diagnosed. Unlike VT though, the ex-CEO does have his own catchy theme tune.
FAT BOY'S THEME TUNE
To cut through the various inaccurate statements
A Venturis Therapeutics (VT) affiliate has an award approaching $2m against the ex-CEO, Daniel C. Montano which is set in stone by the courts.
In the arbitration Montano/Jacobs were slammed by the arbitrator for attempting to steal VT’s assets. He did award Montano a few months unpaid salary dating back to 2013 which amounts to much less than 7 figures and is nullified by the above judgement against Daniel C. Montano. In any event the arbitrator stated that any payments to Montano/Jacobs would only be paid at VT’s discretion AFTER VT pays for it’s clinical trials costs and General & Administrative expenses.
7 individuals were found guilty of bringing a nuisance case against VT. The wife of Daniel C. Montano is being pursued by Judge Spraker for champerty for financing the spurious case which may or may not result in Federal jail time.
One of Daniel C. Montano’s closest business partners, John Laub, is one of the 7 mentioned above. He was caught perjuring himself by Judge Spraker when he finally admitted that the spurious action was for the purpose of trying to put VT out of business. This is a very serious matter. It appears that the damages award against the 7 could well result in the personal bankruptcy of the “Spurious 7”.
It was stated that the VT CFO declared that at a previous Annual Meeting (2 years ago) that VT was insolvent. Clearly that statement is erroneous. Firstly, no CFO would make such a statement at a shareholder meeting. Insolvent companies don’t have Annual Meetings. In addition insolvent companies don’t expand their Patent Portfolio as dramatically as VT has whilst being “insolvent”.
It would be nice to see some evidence for remarks made by all posters.
Dan Montano’s puppies spout ad nauseum that Calvin Wallen is being pursued by the US govt. Much as I’m sure that is on the ex-CVBT CEO’s wish list it is again incorrect. As you can see from official court documents the action was being mediated at present at the request of Gloria’s Ranch. As Dan Montano found out the hard way, Calvin Wallen plays for keeps as the Gloria’s Ranch people also found out hence the mediation. Gloria’s Ranch failed to file on the papers in June so effectively the matter is now closed. Nothing about the Feds jsu another pair of rich guys fighting with each other Mediation in Tauren (Wallen) case
I was just reminded of the need to continue in my series on Alcoholic Impotence and the new strategic direction for Venturis Therapeutics. Rest assured, Part 3 will be coming this week.
Until then, here's more information about what's going on at Venturis Therapeutics:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=157557220
It's no secret I've been very critical of Venturis Therapeutics leadership. And for very valid reasons. But I also believe in recognizing real accomplishments when they occur.
Two weeks ago today, Grant Gordon, a member of the leadership team at Venturis, notched an impressive victory in a triathalon in Oregon. He's at an advanced age. And it's public knowledge he's had a lot of health issues in recent years, reflected in his tremendous weight loss which was apparent to everyone who saw his presentation video (although the good news is that the overall household weight in Grant's home is unchanged). So this come-from-behind victory deserves to be recognized again and again, and to never be forgotten. I will never forget it, I can promise you that.
Sure, Grant did collapse after the "finish line" and needed to be carried back to his hotel room by a group of people. And yeah, he has little memory of his impressive victory in the triathalon, he tends to black out these things due to his modesty. Sure, it took him days to recover from such a strenuous workout. And yes, he was incredibly thirsty even after he recovered. But true to form, Grant went right back at it once he did, which is heartening to those of us who believe in his "clean-living" lifestyle he's told us all so much about. But we saw the proof two weeks ago, and no one can argue with the results.
Congratulations again, Grant Gordon! We are all looking forward to your next triathalon and more clean-living victories to come.
For more information:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=156705047
Speaking of anniversaries, it's the 90-day anniversary next week of Venturis Therapeutics refusing to hold the 2020 annual shareholders meeting. Why is this so significant? Because when Calvin Wallen, Grant Gordon, and their allies were agitating to take over CVBT in 2012/13, one of the arguments they made in writnig to shareholders was the lack of communication from company leadership and the fact that the company had not been holding regular shareholders meetings. They pledged that once they took over, it would be different.
HAHAHAHAHAHAHAHAHAHA! (the joke's on us)
So we're now at 90 days since the 2020 shareholders meeting was supposed to take place, and there's been not a peep on the subject. Just to be clear, this is in violation of the company's bylaws.
There are still 4.5 months left in 2020. So maybe Calvin Wallen & Company will surprise us with a 2020 shareholders meeting. (And maybe there really is a Santa Claus!)
Here's my best guess why there will never be another shareholders meeting ever:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=157557220
I heard from a friend who has the inside skinny on the former failed CVBT/VT CEO and his best buddy, Slaub. Rumor has it Slaub provides the cannabis and the ding dongs when the failed CEO has his emotional breakdowns, which has been very often lately hahaha
It must really really be tough to take. To continually be beaten at every legal angle by the current CVBT/VT Uneducated Management. This didn't have to happen right, Obese Slaub? Your education couldn't possibly be bested by some uneducated nobody's. Ohhhh but it did. $420m to ZERO. Prison time. A Bankrupt and a Slaub.
"But no one needs to take my word for it, read the public filings instead: "
READ PARAGRAPH 2.
"The parties are scheduled to mediate this matter on May 28, 2020 in Dallas, Texas. (Ret.)
Judge Leif Clark will serve as mediator. Meanwhile, Tauren’s application for writ of certiorari to
the Louisiana Supreme Court is currently due to be filed by May 4, 2020."
Gloria's Ranch didn't file in June, ergo, case finito.
More good news for Venturis - REDUX
A Venturis Therapeutics (VT) affiliate has an award approaching $2m against the ex-CEO, Daniel C. Montano which is set in stone by the courts.
In the arbitration Montano/Jacobs were slammed by the arbitrator for attempting to steal VT’s assets. He did award Montano a few months unpaid salary dating back to 2013 which amounts to much less than 7 figures and is nullified by the above judgement against Daniel C. Montano. In any event the arbitrator stated that any payments to Montano/Jacobs would only be paid at VT’s discretion AFTER VT pays for it’s clinical trials costs and General & Administrative expenses.
7 individuals were found guilty of bringing a nuisance case against VT. The wife of Daniel C. Montano is being pursued by Judge Spraker for champerty for financing the spurious case which may or may not result in Federal jail time.
One of Daniel C. Montano’s closest business partners, John Laub, is one of the 7 mentioned above. He was caught perjuring himself by Judge Spraker when he finally admitted that the spurious action was for the purpose of trying to put VT out of business. This is a very serious matter. It appears that the damages award against the 7 could well result in the personal bankruptcy of the “Spurious 7”.
It was stated that the VT CFO declared that at a previous Annual Meeting (2 years ago) that VT was insolvent. Clearly that statement is erroneous. Firstly, no CFO would make such a statement at a shareholder meeting. Insolvent companies don’t have Annual Meetings. In addition insolvent companies don’t expand their Patent Portfolio as dramatically as VT has whilst being “insolvent”.
Many of the posts are pure projection - Projection is a psychological defense mechanism in which individuals attribute characteristics they find unacceptable in themselves to another person. For example, a husband who has a hostile nature might attribute this hostility to his wife and say she has an anger management problem.
Many of the posts are accusatory in nature, yet provide zero evidence to back up their accusations. Making accusations without backing them up with documentary evidence is meaningless & can be discounted 100%.
Dan’s puppies spout ad nauseum that Calvin Wallen is being pursued by the US govt. Much as I’m sure that is on the ex-CVBT CEO’s wish list it is again incorrect. As you can see from official court documents the action was being mediated at present at the request of Gloria’s Ranch. As Dan Montano found out the hard way, Calvin Wallen plays for keeps as the Gloria’s Ranch people also found out hence the mediation. Gloria’s Ranch failed to file on the papers in June so effectively the matter is now closed. Gloria's Ranch v Taurens (Wallen)
This is factually challenged, and I think it's fantastic that Venturis Therapeutics leadership is putting forward these "arguments" that do not withstand scrutiny. There's no need for me to expand on that, because anyone doing even a modicum of due diligence can see the utter falsehoods in SlalomKing's posting.
I stand by everything I've said here, and in fact it's all well documented:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=157492465
And by the way, the U.S. government's lawsuit against Calvin Wallen is anything but over as has been suggested in SlalomKing's posting. This is one of the many lies that have been put forward to try and wish away this problem. The fact remains, the U.S. government is pursuing Calvin Wallen for having allegedly stolen $14 million from his previous company. Were it not for the coronavirus pandemic, we would have already had a date for the trial in 2020. Now it is likely to be in 2021. And there is going to be no settlement unless Mr. Wallen pleads guilty, because the government has the goods on Mr. Wallen. But no one needs to take my word for it, read the public filings instead:
Tauren Exploration, Inc. Liquidating Trust vs. Calvin Wallen III:
https://www.pacermonitor.com/public/case/24021776/Tauren_Exploration,_Inc_Liquidating_Trust_v_Wallen,_III
Tauren Exploration, Inc. Liquidating Trust vs. Pandale Holdings, Inc. et. al:
https://www.pacermonitor.com/public/case/24021775/Tauren_Exploration,_Inc_Liquidating_Trust_v_Pandale_Holdings,_Inc_et_al
Tauren Exploration, Inc. Liquidating Trust v. Fossil Operating, Inc. et al:
https://www.pacermonitor.com/public/case/24021777/Tauren_Exploration,_Inc_Liquidating_Trust_v_Fossil_Operating_Inc_et_al
Great post thank you
More good news for Venturis
A Venturis Therapeutics (VT) affiliate has an award approaching $2m against the ex-CEO, Daniel C. Montano which is set in stone by the courts.
In the arbitration Montano/Jacobs were slammed by the arbitrator for attempting to steal VT’s assets. He did award Montano a few months unpaid salary dating back to 2013 which amounts to much less than 7 figures and is nullified by the above judgement against Daniel C. Montano. In any event the arbitrator stated that any payments to Montano/Jacobs would only be paid at VT’s discretion AFTER VT pays for it’s clinical trials costs and General & Administrative expenses.
7 individuals were found guilty of bringing a nuisance case against VT. The wife of Daniel C. Montano is being pursued by Judge Spraker for champerty for financing the spurious case which may or may not result in Federal jail time.
One of Daniel C. Montano’s closest business partners, John Laub, is one of the 7 mentioned above. He was caught perjuring himself by Judge Spraker when he finally admitted that the spurious action was for the purpose of trying to put VT out of business. This is a very serious matter. It appears that the damages award against the 7 could well result in the personal bankruptcy of the “Spurious 7”.
It was stated that the VT CFO declared that at a previous Annual Meeting (2 years ago) that VT was insolvent. Clearly that statement is erroneous. Firstly, no CFO would make such a statement at a shareholder meeting. Insolvent companies don’t have Annual Meetings. In addition insolvent companies don’t expand their Patent Portfolio as dramatically as VT has whilst being “insolvent”.
Many of the posts are pure projection - Projection is a psychological defense mechanism in which individuals attribute characteristics they find unacceptable in themselves to another person. For example, a husband who has a hostile nature might attribute this hostility to his wife and say she has an anger management problem.
Many of the posts are accusatory in nature, yet provide zero evidence to back up their accusations. Making accusations without backing them up with documentary evidence is meaningless & can be discounted 100%.
Dan’s puppies spout ad nauseum that Calvin Wallen is being pursued by the US govt. Much as I’m sure that is on the ex-CVBT CEO’s wish list it is again incorrect. As you can see from official court documents the action was being mediated at present at the request of Gloria’s Ranch. As Dan Montano found out the hard way, Calvin Wallen plays for keeps as the Gloria’s Ranch people also found out hence the mediation. Gloria’s Ranch failed to file on the papers in June so effectively the matter is now closed. https://www.dropbox.com/s/t4axik9b0gjj0a9/Tauren.pdf?dl=0
Calvin Wallen, our CEO, has fought for a hard earned win in his battle with the Louisiana oil guys.
Great news for Mr. Wallen & equally good news for Venturis Therapeutics
CALVIN WALLEN WINS YET ANOTHER COURT CASE
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VENTURIS THERAPEUTICS (formerly Cardiovascular
Biotherapeutics or CVBT) is a dead, zombie company
that hasn't run a single clinical trial in nearly 15
years. Not even one patient (!) has been treated
since 2007. Venturis Therapeutics is insolvent,
illiquid, and is controlled and run by an individual
who was accused by the U.S government of
embezzling $14 million from his previous company.
Venturis' lawyer, Barry Cannaday of Dentons (one
of the largest law firms in the U.S.), withdrew from
representing Venturis in April 2021 because Dentons
is owed over $200,000 by Venturis, and Mr. Cannaday
attested that "there are currently no assets or
revenue streams" to pay Dentons. Yet anonymous
advocates for Venturis (who I personally believe are
the company's desperate leadership) lie about public
facts that are easily verifiable. One of the most
absurd false claims is that there are (allegedly) two
ongoing pivotal clinical trials (see that particular
false claim below). These "clinical trials" exist only
in cyberspace but not in the real world the rest of us
(including Dentons) live in. That said, enjoy the
entertainment that lies below. Hopefully it gives you
some good laughs - that's about all that's left from
this dead, zombie company. Enjoy!
VENTURIS THERAPEUTICS (VT) OVERVIEW
VT was almost bankrupted by the original
CEO, Daniel C. Montano, and was rescued by
Calvin Wallen, Grant Gordon and then CFO,
Mickael Flaa.
VT had almost $40,000,000 in debt & was
effectively insolvent. The board of directors
who replaced the Dan Montano cronies
rehabilitated VT so that today the company has
almost zero debt and an comprehensive patent
portfolio. Under the disasterous management
of Dan Montano, the company had zero
patents.
Our Approach in Science and Technology:
Venturis Therapeutics, Inc. is a clinical stage
biopharmaceutical company advancing novel
therapeutics to address diseases such as
diabetic wounds, severe ischemic heart disease
and
peripheral artery disease. Our pre-clinical
therapeutic programs include erectile
dysfunction,
infarct stroke, degenerative disk disease and
Parkinson’s Disease.
Venturis Therapeutics, Inc. is focused on
targeted delivery of next generation
molecules which will improve the quality of life
for those suffering from vascular dysfunction.
We employ human proteins from the Fibroblast
Growth Factor family. Our lead candidate
stimulates the growth of new blood vessels when
administered to ischemic organs and
tissues. These anatomical targets are shown in
our pipeline section of the website.
www.vt.care
VENTURIS THERAPEUTICS (VT) OVERVIEW
VT was almost bankrupted by the original
CEO, Daniel C. Montano, and was rescued by
Calvin Wallen, Grant Gordon and then CFO,
Mickael Flaa.
VT had almost $40,000,000 in debt & was
effectively insolvent. The board of directors
who replaced the Dan Montano cronies
rehabilitated VT so that today the company has
almost zero debt and an comprehensive patent
portfolio. Under the disasterous management
of Dan Montano, the company had zero
patents.
Our Approach in Science and Technology:
Venturis Therapeutics, Inc. is a clinical stage
biopharmaceutical company advancing novel
therapeutics to address diseases such as
diabetic wounds, severe ischemic heart disease
and
peripheral artery disease. Our pre-clinical
therapeutic programs include erectile
dysfunction,
infarct stroke, degenerative disk disease and
Parkinson’s Disease.
Venturis Therapeutics, Inc. is focused on
targeted delivery of next generation
molecules which will improve the quality of life
for those suffering from vascular dysfunction.
We employ human proteins from the Fibroblast
Growth Factor family. Our lead candidate
stimulates the growth of new blood vessels when
administered to ischemic organs and
tissues. These anatomical targets are shown in
our pipeline section of the website.
www.vt.care
VENTURIS THERAPEUTICS OVERVIEW
Our Approach in Science and Technology:
Venturis Therapeutics, Inc. is a clinical stage biopharmaceutical company advancing novel
therapeutics to address diseases such as diabetic wounds, severe ischemic heart disease and
peripheral artery disease. Our pre-clinical therapeutic programs include erectile dysfunction,
infarct stroke, degenerative disk disease and Parkinson’s Disease.
Venturis Therapeutics, Inc. is focused on targeted delivery of next generation
molecules which will improve the quality of life for those suffering from vascular dysfunction.
We employ human proteins from the Fibroblast Growth Factor family. Our lead candidate
stimulates the growth of new blood vessels when administered to ischemic organs and
tissues. These anatomical targets are shown in our pipeline section.
vt.care
Venturis Therapeutics (VT) is
a biotechnology company based
in Dallas, Texas. VT has pivotal trials
ongoing in Ischemic Heart Disease &
Diabetic Foot Ulcers.
VT has a comprehensive patent
portfolio protecting its therapeutic
programs.
Venturis Therapeutics (VT) is
a biotechnology company based
in Dallas, Texas. VT has pivotal trials
ongoing in Ischemic Heart Disease &
Diabetic Foot Ulcers.
VT has a comprehensive patent
portfolio protecting its therapeutic
programs.
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