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Not even a good try to spin total misinformation and a fabrication of the facts.
FD Pharma is the one who signed an NDA with GBB in order to do their "due diligence" for acquisition purposes. They weren't in the beverage space only the medical R&D space when they signed the NDA.
You can spin fabricated lies all you want it will never change the provable facts!
Oh, and these world class researchers are so great that their former CEO is also suing them for fraud, and to date, they haven't actually had any successes other than burning through a ton of cash.
Don't get it twisted.....
I don't need to provide you with anything you ask.
The facts will come out in court and you can bet all those betting on the Canadian fraudsters running FD Pharma will be crying all the way to the bank.
Yup, seems GBB dangled its carrot to FSD Pharma that rejected GBB, where and because FSD Pharma was already underway creating its Unbuzzed drink, the reason GBB first solicited FSD Pharma.
Think about this timeline....
GBB gets access to much of FSD Pharma's information surrounding its now named Unbuzzed drink, its formulation, and samples by signing an NDA and negotiating terms to be acquired by the FSD Pharma company, and within weeks of the agreement being drawn up but not executed, FSD Pharma ghosts GBB having determined that GBB is a bunch of stock fraud crooks, without any legitimate product or claims, where to be clear to the Market FSD Pharma comes out with a press release stating they have a new division that will develop, produce, and market an alcohol inebriation counter-effects drink.
Essentially, we should believe that GBB was able to create a new drink over 10 years for $100,000 where FSD Pharma has a whole team of world class scientists with state of the art scientific research facilities. And oh, GBB's access to the FSD Pharma drink and formulation had nothing to do with GBB's pump n dump selling a basic common energy drink without any ingredient that actually reduces blood alcohol content, or that lines the stomach to prevent alcohol absorption.
GBB is betting that between FSD Pharma's strong financial position and having a competitive product, where GBB first solicited FSD Pharma (not the other way around) GBB decided to act fast, go to market first, irrespective of having no legitimate product, but none the less to promote its stock fraud pump GBB provided the Market an appearance of GBB's legitimacy, GBB sued FSD Pharma to support its pump n dump stock fraud public facing story in order to run its $SHOT stock price much much higher, where insiders and their shells could and did unload most to all their sub-penny acquired $SHOT shares.
Big mistake!
How is it your understanding, that they had an agreement contract drawn up?
More evasive blah blah, huh?
Consideration of the suit as a criminal case was by only you in our exchanges. You fabricate to suggest or convey otherwise. Fact.
You state, "If you're asking me to divulge Safety Shots formula..." Well no, I asked you what i actually asked uou, not your evasive suggestion that I asked you something I in fact didn't.
I asked you, of the known SafetyShot ingredients, what is or are the active ingredient(s) that reduce blood alcohol content and/or line the stomach, as SafeShot claims its drink does? You evaded in reply... as usual.
You again say, "My interest lies solely on the fact that FD Pharma tried to steal the drink." Yet you provide absolutely no evidence to support your conclusion and claim. Fact.
Therefore, your claims and conclusions is just conjecture, which is just your bullshit.
Fact.
First, I'm not the one who implied the lawsuit was a criminal act. That was another poster who spoke about a "prosecution" which doesn't exist for civil matters. So I would take the insults down a notch since you're actually insulting another shareholder, which is a dumb move.
Second, the formula for Coca-Cola has been a closely guarded secret for over a hundred years. So, what you read as ingredients on a can doesn't have anything to do with the process or formulation of a product that makes it unique. If you're asking me to divulge Safety Shots formula, I would suggest you give them a call to find out why they say their drink is so special, since you don't see it on their can.
My interest lies solely on the fact that FD Pharma tried to steal the drink and by doing so have defrauded their shareholders with false press releases. The $53 million lawsuit should be a concern for everyone because this company will not survive after they lose.
Ah, back to name calling in lieu of substance to support your argument.
Of course it's a civil suit. Only a whacko would consider any discussion to include notion of it as a criminal suit.
I'm sorry you lack common sense and/or have problems dealing with the truth.
Coca was the ingredient in CocaCola. What's the effective ingredient(s) in the SafetyShot garbage that lowers blood alcohol content? That lines the stomach wall? Come on Mr. Criminal Suit.
So???
Anyone who wants to be taken seriously should probably get their facts straight and also know the difference between a civil case and a criminal case.
Additionally, just because you read listed ingedients on a can doesn't mean that you are getting the full breadth of the process and formulation. Coca-Cola would be an excellent example of this.
Anyone who thinks GBB Labs would spend the money to file a $53 million claim for baseless reasons either lacks common sense or has problems with dealing with the truth.
"First, the lawsuit has been deemed valid and is already in front of a judge."
So?
"Second, this is a civil case not a crimibal case so there is no prosecutor."
So?
"If Celly Nu is foolish enough to try and put their drink into production with a formulation that was stolen they will most assuredly get hit with a restraining order and will be forced to wait until the outcome of the lawsuit or subject themselves to unnecessary litigation."
Blah, blah, blah...
"...with a formulation that was stolen." The Safety Shot ingredients evidence a standard energy drink.
All you've done is presume without a lick of supporting or cited documentation.
First, the lawsuit has been deemed valid and is already in front of a judge.
Second, this is a civil case not a crimibal case so there is no prosecutor.
If Celly Nu is foolish enough to try and put their drink into production with a formulation that was stolen they will most assuredly get hit with a restraining order and will be forced to wait until the outcome of the lawsuit or subject themselves to unnecessary litigation.
I never claimed a dispute of contract. Those were your words not mine.
I claimed theft of IP by reverse manufacturing a drink after FD Pharma signed an NDA and had been given samples of the drink and proprietary information regarding the formulation of the drink.
What did FD Pharma have that GBB wanted?
Cash and stock!
Thank you.
Yes, a projection of allegations is what has been presented as fact, with only the allegations presented to support those allegations. very m ag a.
You got a great argument SIO . Facts and practical reasoning always trumps name calling and a lack of a factual presentation. The truth always comes out in court and suing someone and taking them to court takes proof and a-lot of time. Nothing has been proven from the prosecution side and it will take a-lot of time before presenting both sides, If it ever makes it in front of a judge. I have popcorn and am waiting for the truth. So far all we have heard is projection of unproven facts. In the meantime I will wait to see what the Celly Nu team comes up with when they launch their product. I believe the CellyNu team is much more formidable than others in the market, complete with people from Celsius and Coca Cola with successful experience in sales marketing and distribution. If the product proves itself (and I believe it will) things will happen quickly. I would compare it to a war with the USA and Panama. The production, marketing and sales along with distribution is far more professional than any other company out there. Just my opinion on why I think I know what I own.
Have you seen the ingredients list for SafetyShot, it is only a standard energy drink.
Executed or not you claimed the issue of the dispute a contract.
Further, how do you know "there was an agreement that had been drawn up specifying terms which included cash and stock in FSD Pharma"? That's the proof I suggested you supply to substantiate your claim.
FSD stole the drink you say. How is it and why did GBB initially solicit FSD Pharma?
What does/did FSD Pharma have that GBB wanted?
Great business people don't steal the ip of another company and call it their own.
Hence, the $53 million lawsuit that should they lose, HUGE will never recover from.
I am hoping you are right!!!!
I BELIEVE THAT THIS STOCK WILL BE ONE BEST PERFORMERS THIS 24/25 YRS. A GREAT GROUP OF BUSINESS PEOPLE !!!
HAPPY NEW YEAR !!!!
Listen, you want to be pro FD Pharma and believe these Canadian conmen were able to develop a billion dollar revolutionary drink in a couple of months, then you deserve everything you'll get at the end of the day.
First, it's not my lawsuit so I don't know where you would think I would start coming up with documentation.
Second, I never said anything about an executed agreement. I said there was an agreement that had been drawn up specifying terms which included cash and stock in FD Pharma.
Obviously, you can't sue for an agreement that wasn't executed. However, it's an important piece of evidence in proving just how deep the relationship was before FD Pharma thought it was better to steal the drink than pay for it.
But you know there was a contract how?
The crickets informed you?
Why if the lawsuit is about a much more significant broken contract agreement (as you've alluded and apparently fabricated), why is the suit filed by GBB about only a broken NDA? Why?
One answer to this 'why' is that you just made it up.
You could support your claim with substance of explanation and supportive citation of documentation, but you don't.
.
Why did GBB first solicit FSD Pharma? It wasn't the other-way-around.
.
Everyone-on-the $SHOT board seems-to-think Safety Shot is a scam.
Hhmmm, now why did GBB even solicit FSD Pharma?
Which facts, you've never stated any.
You claim FSD had a contract with GBB. Yet you provide no evidence to support your claim, hence no substance. Fairly straight forward.
You state the evidence will be seen in discovery. That's bullshit too.
Considering there is no discovery yet to see, much less a case pending decision on dismissal for over six months.
Plus discovery is seen only if used as evidence at trial, at least a couple years down the road.
Seems you're just talkin'.
Sounds like something but no substance.
.
Actually, you're the one with no substance. The facts will bear out and anyone who is long this stock will be a sucker.
From FSD on X
In contemplating the notable journey of 2023, we are pleased to emphasize the substantial progress made in completing phase 1 trials for Lucid MS, our candidate drug for multiple sclerosis.
Additionally, we have collaborated with Celly Nu through Unbuzzd to address Alcohol Inebriation.
As we enter the approaching year, our dedication remains resolute in potentially transforming the perception and treatment of neurodegenerative disorders affecting brain health—benefiting patients, their families, and the broader communities.
We extend a sincere appreciation to all FSD Pharma shareholders and collaborators for your steadfast support. Thanks to your contributions, we are advancing toward a future where innovative therapies for multiple sclerosis and alcohol-related lifestyle beverages become attainable.
Happy New Years !!
You're sounding like a short term basher. Just bash, no substance.
Yeah, but how do you know? Considering there is no discovery yet to see, much less a case pending decision on dismissal for over six months. Plus discovery is not seen, only if used as evidence at trial. Seems you're just talkin'. Sounds like something but no substance.
Yeah, that's never going to happen. They hitched their wagon to a bunch of frauds at FD Pharma.
You'll see it come out in discovery in the lawsuit.
They should have thought about that BEFORE Safety Shot went out and procured another deal. Now, SHOT raised the capital they needed on their own and FD Pharma doesn't get to reverse manufacture the drink and profit from something that they never paid for.
Wallstreet Waves.com pretty much said it.
UNBUZZD, with its innovative formula, is not a magical path to sobriety. Still, it aims to provide rapid detoxification following alcohol consumption. The product’s three natural ingredients are expected to usher in a fast and effective recovery from inebriation, offering relief to the aftermath effects of excessive alcohol consumption.
Expected to debut in the natural health products market by the end of Q1 2024, UNBUZZD is backed by an impressive team led by business icons such as Jerry David, Kevin Harrington, and John Duffy Jr. The product’s potential exceeds the individual consumer and extends into the realm of healthcare, with Lucid working on a hospital line designed to provide ER staff with an option for treating inebriation.
You know this how, the decreasing volume?
$53M ain't nothin' if Unbuzzed works.
How is it your understanding, that they had an agreement contract drawn up?
From what I understand, the lawsuit is based upon an agreement that was made and drawn up, but never executed by FD Pharma. It seems like they dangled the carrot long enough to acquire enough due diligence information to be able to create the drink themselves. Had they not signed the NDA and entered into talks to acquire the company, which was what gave them access to the due diligence information, they would have never been able to reverse manufacture the drink and call it their own.
Think about this timeline....
They get access to all of GBB's information, formulation and samples by signing an NDA and negotiating terms to acquire the company and within weeks of the agreement being drawn up but not executed, they ghost GBB and come out with a press release stating they are going to start a new division to look into "alcohol abuse." Then two months later announce they have created a revolutionary drink that lowers the BAC in a person.
Essentially, we should believe that they were able to create a new drink in two months that took GBB several years to create. And oh, access to the drink and formulation from GBB had nothing to do with it.
They were betting that between GBB's financial situation at the time and HUGE being a Canadian based company GBB would never be able to afford to go adter them.
Big mistake!
That isn't year end tax selling that's people jumping ship.
Bunch of suckers that are going to jump ship once FD Pharma loses the lawsuit.
From where do you believe they (FSD and GBB) had a contract? Is not the suit about a broken NDA without complaint about a contract then broken?
As for the Capybara report, you've only restated what generally the report is about. Of course, legit big firms put out long reports while holding subject company stock long, and what's your problem with long reports doing the same? And they often charge for client access to these reports, that also are short reports too.
You did not really answer my question, about what you think about what the Capybara report actually says and states.
Separately, what's your basis of fact that you think that HUGE is "trying to pull a fast one on this company."
All I hear is presumption from you, no solid reasoning, which was and is what my inquiry to you is about.
Seems awfully low...
I think that in the first quarter we will see news about the new product ! They have put a whole new team in place just for this new product...CELLY NUTRITION CORP...Look at the people involved...Happy New Year !
I believe $53 million was the value of the contracted agreement between the two parties before the drink went to market. This amount represents a "fair value" to the claim for damages.
As for the Capybara report....
They are being sued for the information they disseminated about the company while holding a short position in the stock. People who live in glass houses shouldn't be throwing stones.
SHOT is flushed with cash and has the ability to pursue legal remedies against anyone who they feel have damaged the company.
No doubt, HUGE made a big mistake trying to pull a fast one on this company. I wonder what Kevin Harrington thinks after dragging the good names of his buddies from Coca-Cola and Celsius into this mess.
Well, $53M seems quite low for a multi-billion dollar product if stolen.
Are you familiar with this? How plausible? Might Anthony Durkcazc be quietly behind this? Seems FSD Pharma is going for it.
_______
https://www.capybararesearch.com/post/safety-shot-exposed-shot
Safety Shot Exposed $SHOT
Updated: Dec 5
Boca Raton Snake Oil: Unraveling the Fraud Behind the Drink and Its Dubious Origins
Safety Shot claims to offer a revolutionary alcohol detox drink, but our investigation reveals a series of red flags that raise serious doubts about the company and products legitimacy.
* Leadership has ties to notorious firm Stratton Oakmont raises concerns, especially when coupled with legal disputes and a history of pump-and-dump schemes.
* $SHOT's founders, Brian John and Richard Miller, have faced financial troubles, including lawsuits for unpaid debts, evictions, foreclosures, and adverse court judgments, prompting questions about their ability to manage a multi-million dollar enterprise.
* Miklos Gulyas has a history of shady dealings, including unpaid debts, lawsuits, evictions, foreclosure, trying to defraud a car dealership, and a fabricated resume.
* Safety Shot claims their drink can lower a person’s BAC by up to 50% in 30 minutes. $SHOT’s claims
* $SHOT’s claims about their drink are refuted by the most basic facts of how the human body processes alcohol.
* We believe Safety Shot markets itself as a nutraceutical beverage to avoid FDA regulation. Given the product’s fraudulent claims, we expect regulators to intervene.
* The recent surge in $SHOT’s stock price is the result of aggressive stock promotion and is detached from the company’s financials.
* $SHOT spent years claiming to build a CBD product company. Despite their claimed success, they have completely shifted the business to instead focus on their unreleased Safety Shot drink.
* Management has been in a legal dispute with one of their former associates from Stratton Oakmont.
* $SHOT is associated with known frauds including SRM Entertainment.
* $SHOT’s history of unfulfilled promises and management’s shady dealings lead us to believe the company is destined for the OTC trash bin.
Disclosure: We hold a short position in shares of $SHOT and believe the stock price is headed lower. Our report is purely opinion based and based on information found in public company filings and public domains.
Table Of Contents
Introduction
Brief History
Safety Shot Drink
Stratton Oakmont
Management
Promotion
Business Dealings
Dilution
Summary
Introduction
Safety Shot seems to do it all, cures for all your problems, alopecia, eczema, sexual wellness, hell they even got into the business of running their own SPAC. Well, that's not all, Safety Shot is just about to launch their own Alcohol detoxification drink which they claim can reduce BAC levels by 50% in 30 minutes! So yes, it’s time to get blackout drunk, take a Safety Shot, and drive home and make it home safely within 30 minutes!!! Just kidding, we strongly believe that it’s a total scam. 8-K Announcing Acquisition
In this report we dig into the sketchy backgrounds of management and the inventors of Safety Shot. We found numerous lawsuits, a securities ban, evictions, foreclosures, a paternity lawsuit, and so much more. Throw in an aggressive promotional strategy, connections to well-known pump & dumps and you get a fraud typical of reputable places like China or Boca Raton, FL.
The Company CEO and the former Chief Compliance Officer worked together at Stratton Oakmont, the infamous pump-and-dump shop that inspired the movie “The Wolf of Wall Street”. We actually found too much incriminating information on these people to fit in a single report. So, out of respect for your time, we’ve tried to present our findings as simply as possible, without unnecessary flourishes. But, again, there is a LOT more that didn’t fit into this report, so feel free to do some digging yourself. These disreputable people have left a long trail of ill-deeds throughout their “professional” dealings.
Brief History
Safety Shot was incorporated in Delaware as CBD Brands (2018-10-24), and struggled on its way to become a public company. In October of 2019, the Company filed an S-1 to list on the Nasdaq, but the SEC repeatedly questioned the company’s claims, for example touting "a robust e-commerce platform," which was a website that didn’t sell any products. And, that they plan to add CBD to branded consumer products to “increase the efficacy of such products.” In reality, the products were not approved by the FDA or any regulatory body. The SEC even stated that it was unclear how "the market for cannabis relates to the company's business." SEC Response to S-1
Eventually, in May 2020, CBD Brands changed its name to Jupiter Wellness Inc. Form 1-U and made another attempt to go public, filing a S-1 registration in June, 2020. S-1
At the time of IPO (JUPW), Jupiter Wellness claimed to be a "Cutting-edge wellness hemp-derived cannabidiol, or CBD, consumer product development company" with a "proprietary, trademarked line of products: CaniSun, CaniSkin and CaniDermRX."
By August 2023, the Company acquired Jupiter Wellness and with it the assets of GBB Drink Lab Inc, including Safety Shot. At that point, the company seems to have abandoned its years of effort to build a business selling CBD products and went all in on Safety Shot, stating that the Company decided to "Change Company Name and Focus on Launch of World’s First Rapid Blood Alcohol Detox Drink".
8-K Announcing Acquisition
Safety Shot Drink
Safety Shot, marketed as a nutraceutical functional beverage, makes bold claims about its ability to "lower blood alcohol content by up to 50% in just 30 minutes." 8-K Announcing Acquisition It doesn’t take a medical doctor to know that the product claims are impossible. It’s complete rubbish; nothing but snakeoil. Casting further doubt on the efficacy of Safety Shot, the company claims the drink was created by a doctor who is never named.
When the Company was touting questionable CBD products they were happy to disclose patent IDs in SEC filings. Now, the Company claims that Safety Shot is patented but provides no details to actually identify the patent(s). We wonder what has changed. Despite an exhaustive search, we have been unable to find any patents for Safety Shot. We also haven’t found a patent assigned to the Company (or related companies) for anything resembling the Safety Shot drink. We’re skeptical that the patent exists.
The company claims Safety Shot drastically lowers a person’s BAC based on self-reported testing with no formal clinical validation . This is a serious red flag. The Company asserts that their beverage's efficacy was established through blood alcohol content testing on dozens of test subjects. However, the company provides no peer-reviewed research, doesn’t share their study data, and doesn’t identify the mysterious patent they claim to own. The statistical results provided, while seemingly favorable, lack the transparency and detail necessary to be evaluated independently. The bolder the claim, the more proof is needed to back it up. In this case, the Company claims to have an antidote for alcohol. If such a thing were possible, it would be a billion dollar pharmaceutical available in every emergency room in the country.
Product claims:
1. Can reduce a person's BAC by up to 50% in 30 minutes
2. Prevents alcohol absorption by lining the stomach
3. Accelerate the conversion of alcohol into sugar within the body
We don’t want to belabor the point, but we have to be clear. It is beyond reason to believe a bunch of sketchy characters from Boca Raton created an ethanol antidote that can reduce a person’s BAC by 50% in 30 minutes.
Furthermore, the claim that the product accelerates the conversion of alcohol into sugar in the body is not consistent with established physiological processes. Alcohol metabolism primarily occurs in the liver through a series of enzymatic reactions, leading to the production of acetaldehyde, acetate, and ultimately water and carbon dioxide. At no point in this process is alcohol directly converted into sugar (glucose). Sciencedirect Perhaps they found a Boca Raton Dr. who invented a drink that defies man’s current understanding of physiology and biochemistry. Or, the more likely, they’re a bunch of liars.
Stanford says it best, "Contrary to popular belief, nothing can lower BAC except time; coffee, cold showers, and chugging glasses of water will not help you sober up any faster." https://vaden.stanford.edu/super/education/alcohol-drug-info/reduce-your-risk/what-blood-alcohol-concentration-bac
The Company claims to have “spent roughly ten years and more than $1 million to research and develop the world’s first formulated drink that aids in rapid blood alcohol detoxification.” court listener However, the company behind Safety Shot, GBB Drink Labs Inc (GBB) was created in June 2020 and was registered to Miklos Gulyas's home address in Miami Florida. This calls into question the Company’s claims of a decade-long development.
This seemingly meager investment, averaging barely $100k annually over a supposed decade of development, raises doubts about the feasibility and authenticity of GBB's grandiose claims.
Furthermore, GBB's failed association with FSD Pharma, listed as $HUGE on the Nasdaq, adds another layer of skepticism. Despite FSD Pharma having considered an acquisition, their following public statements expressed concerns about GBB's understanding of the technology. GBB's website boasts about the product's efficacy being established through testing on test subjects, but FSD Pharma questions the lack of formal clinical validation. Moreover, GBB's assertion that their patented formula accelerates the conversion of alcohol into sugar contradicts established scientific knowledge about alcohol metabolism. FSD Pharma eventually backed away from the acquisition, citing GBB's failure to meet expectations, a lack of provided information, and attempts by GBB to alter the proposed deal structure. These factors collectively contribute to a narrative that challenges the credibility of GBB Drink Labs and their flagship product, Safety Shot. Business Wire
Unsurprisingly, GBB filed a lawsuit against FSD alleging a material breach of a mutual nondisclosure agreement and trade secret misappropriation. FSD categorically denies all allegations.
By now whoever is reading this is probably thinking, yep their drink is probably a scam, but can it get worse then that? Yes, it can get much worse. The next two sections document the dirtbags who are behind this fraudulent enterprise.
Stratton Oakmont
Brian John, the CEO of Safety Shot, and Richard Miller, former Chief Compliance Officer for Safety Shot and Chairman of the Board at SRM Entertainment, used to work together at Stratton Oakmont. For the uninitiated, Stratton Oakmont was a notorious boiler room that defrauded investors and was depicted in the movie “The Wolf of Wall Street”. Stratton was eventually barred by FINRA and many Stratton employees ended up in prison. The two Stratton alumni at Safety Shot Inc have been embroiled in a legal dispute with Robert Koch, another ex-Stratton dirtbag [ https://brokercheck.finra.org/individual/summary/1917229 ] who pleaded guilty to felony securities fraud. Justice Gov.
In the lawsuit, Koch alleges that Brian John and Jupiter Wellness (now Safety Shot) were wrongly enriched by his efforts in building and expanding Jupiter Wellness. Furthermore, Koch claims that they had multiple verbal agreements for consulting services provided to Caro's clients between April 2015 and July 2018. Koch is seeking compensation for these services.
The connection to Stratton Oakmont, infamous for its pump-and-dump schemes, raises concerns about the ethical and operational foundations of Safety Shot's leadership. The lawsuit and the association with individuals linked to fraudulent activities at Stratton Oakmont suggest potential continuity in their approach, prompting scrutiny regarding the company's commitment to ethical business practices. $SHOT’s management has shown little regard for the interests of investors and we believe they are unfit to run a publicly listed company.
Management
Miklos Gulyas, Co-Founder GBB Drink Labs and Director at Safety Shot
Miklos Gulyas, co-founder of GBB drink labs, has some serious red flags and a history of trying to defraud. Gulyas was sued for failing to pay Florida State and County Sales tax on a luxury vehicle he purchased from F10 Motorsports. Gulyas also attempted to defraud the dealership by misrepresenting a trade-in. He claimed it was never in an accident when it had. In fact, the car was in an accident after he agreed to trade it in, but before he had delivered it. He lied to the dealership and claimed it was in the shop for routine maintenance. To make matters worse, the dealership had actually helped Gulyas during Hurricane Dorian by letting him store his fleet of vans in their warehouse. Gulyas returned the favor by attempting to defraud the dealership and when that failed he dodged them for months to avoid paying the sales tax he owed, forcing them to take him to court. Unsurprisingly, the court found in favor of the dealership.
[image not included in this post]
SMS message sent from F10 Motorsports to Gulyas.
To make matters worse, Gulyas was later sued for $30k by the driver of the vehicle struck by his Porsche. The case was settled out of court.
Gulyas also leased a space for a pizza shop in Ft. Lauderdale, FL and quickly fell behind in payments. In January 2023, the landlord filed suit for $65,050 and to evict the tenant.
[image of text not included in this post]
Complaint; CH RETAIL FUND I FT. LAUDERDALE UNIVERSAL PLAZA LL Plaintiff vs. ILLEGAL PIZZA LAUDERHILL LLC, et al Defendant
As another example of Gulyas’s financial acumen, his condo was foreclosed on because he was unable or unwilling to pay $518,442.24.
Gulyas was involved in more shady dealings, but you get the point. It’s clear what type of character he is.
Jarrett Boon Co-Founder GBB Drink Labs and COO at Safety Shot
Jarrett Boon is also a co-founder of GBB Drink Labs.
In his Safety Shot bio, Jarrett Boon claims that SW Promotions, a resort marketing and advertising company founded and led by Boon, had 400 employees and was acquired by a publicly traded company. However, the evidence we’ve found indicates that this is a blatant lie. Throughout SW’s existence, the company’s official address was Boon's personal residence. Furthermore, Boon was the sole shareholder, the sole officer, and the sole board member in all of the company’s annual filings with the state. We can also find no record of the company employing anyone besides Boon. Besides Boon, there isn’t even a single person on LinkedIn claiming to have worked at SW. Not one of the 400 people he claims to have employed.
SW Promotions doesn’t appear to be the shining success story Boon claims it to be. In fact, for the first three years of its existence, it wasn’t even a company. It was actually a DBA that Boon filed for the name Southwest Promotions.
While Boon claims SW Promotions was a wild success with 400 employees, court records paint a different picture. One customer, "Otior LC" even filed for a restraining order against Jarrett Boon.
Boon also claims that he was “one of the original thought leaders and investors in LifeLock”. We have found no evidence to support these claims. We did find that Boon was a racecar driver and LifeLock was one of his sponsors. It’s strange that he doesn’t mention his racing career in any of his bios. Perhaps this is the extent of his relationship with LifeLock.
Boon’s claims of professional success doesn’t sync with his financial situation. While operating S.W. Promotions, Boon failed to pay his federal income taxes and the IRS placed a federal tax lien against him for $41,697.44.
John, Brian Scott, CEO Safety Shot
Brian John cut his teeth working at Stratton Oakmont and after that, court records indicate that he had a difficult time finding success through honest endeavors.
John was recently sued for not paying his credit card debt and an order was issued to Jupiter Wellness to garnish his wages. He was CEO at that time.
JPMorgan foreclosed on his house.
John had three federal tax liens filed against him:
2011: $129,579.16
2012: $47,797.62
2013: $87,621.06
He was also sued by American Express and was ordered to pay $24,308.14.
John claims to run a “highly successful financial consulting firm” with his Stratton buddy Richard Miller. However, when John filed for chapter 7 bankruptcy in Aug. 2015, he claimed his 50% interest in the firm was worth $23k. However, his creditors determined his interest had “zero value for the bankruptcy estate”.
[images of text and photo not included in this post]
US Bankruptcy Court in the Southern District of FL (case #15-24036-PGH)
John clearly didn’t learn his lesson after filing for bankruptcy against debts to dozens of creditors. He continued to rack up debts that he was unable to fulfill.
John was also involved in shady business dealings. John and his close associate Richard Miller started Simpleons, Inc. They paid a company to create SEC filings with the goal of taking the company public. The company they hired completed and delivered the filings but Simpleons never paid. They ended up filing suit against Simpleons for payment. Determined not to pay, John, who was party to the lawsuit, resigned from Simpleons stonewalling the lawsuit. They later sold the Simpleons shell to another company who wanted the public listing.
We believe John’s behavior shows a clear pattern of financial malfeasance. He repeatedly puts his interests above those he does business with and has demonstrated little regard for the financial interests of others.
Given his history, we believe John is unfit to run a lemonade stand, let alone a multi-million dollar public company.
Wilson, Glynn, CSO Safety Shot
Dr. Glynn Wilson's track record as a leader doesn't exactly shine. He's been at Safety Shot since 2018, and in April 2021, he snagged the Chief Scientific Officer title. But let's rewind a bit to his time at Tapimmune (now Marker Therapeutics and listed as MRKR). Despite being a big shot there from 2005 to 2018 (CEO from 2009 through 2017), as of the last 10-K with Wilson a CEO, they ended up with “no approved products or products pending approval”. As such, their 10-Ks spilled the tea – they survived on financing, not business success. MRKR 10-K FY 2017
And here's the real kicker: Tapimmune loved a bit of stock promotion. They danced with Anthony Di Stefano, a stock promo wizard from JV Public Relations, and got cozy with Neurotrope, a sketchy OTC creation by Michael Silverman and Adam Gottbetter (a lawyer who did time for stock fraud). Bloomberg Gottbetter. Like a bad sequel, Tapimmune got a boost from Di Stefano's bullish coverage, which was then broadcasted far and wide by paid press releases tied to JV Public Relations. To top it off, they even used Michael Silverman's Katalyst Securities to raise money Form of Subscription Agreement. And the links don't stop there – Joshua Silverman who was under SEC investigation for his role in the imploded stock promotion MGT Capital, is also the guy behind Iroquois Capital, which filed 13Gs for both Tapimmune and Neurotrope. It's a tangled web, and with Dr. Glynn Wilson at the helm, we believe Safety Shot is headed to a similar fate.
Tapimmune (now MRKR) is down over 99% from its inception.
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Markita Rusell, CFO, Safety Shot
Markita Russell is Safety Shot’s CFO and as such the company’s success depends on her financial diligence.
We were surprised to see not one but two lawsuits filed against Russell for unpaid debts. Court filings indicate that she has dodged being served leading to the cases being dismissed without prejudice, meaning the lawsuits can be filed again. There is no indication that the debts have been paid.
If a CFO can’t manage their personal finances, how are they qualified to manage the finances of a $200mm company?
(Broward County Case Number: COWE08006491,) (Broward County Case Number: COWE08016794)
Promotion
If anyone has been following our previous short reports, you will know we have an eye for companies engaging in heavy promotion to attract naive investors. Safety Shot, the subject of our scrutiny this time, follows a similar path as other companies we've investigated such as KSCP, which has seen a staggering 70% decline since our report. Safety Shot's promotional practices align with our concerns surrounding companies that heavily market their stocks to lure in investors who might not have the full picture.
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Safety Shot employs 3rd parties like https://www.secretalerts.com/shot, leveraging mass spam through emails, text messages, group chats etc. We were able to find proof of $20,000 compensation to this group (read disclaimers in link to see for yourself).
Safety Shot has also paid for promotion from SNN Inc, aka Planet MicroCap. Planet MicroCap is a notorious promoter of stock frauds including the recent frauds TIO and FNGR. SNN is one of the more shameless promoters of these public market frauds. Shout out to Robert K. Your mom must be so proud.
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Another promoter, nasdaqpicks.com claims to be a "Nasdaqpicks.com themselves claim to be "paid advertisers, also known as stock touts or stock promoters, who disseminate favorable information (this “Article”) about publicly traded companies (the “Profiled Issuers”)." "This group, has or expects to be paid up to $150,000 USD for this campaign," and of course "owns zero shares of SHOT." Nasdaqpicks main source of traffic to their website appears to be through running google ads promoting Safety Short which then take the user directly to their website which posts a page of favorable information in an attempt to lure people to invest in Safety Shots stock.
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The company's approach involves creating hype around the stock, enticing individuals to invest without a comprehensive understanding of the underlying fundamentals or potential risks.
Business Dealings
Safety Shot's business trajectory raises concerns about its strategic vision and commitment to shareholder value. The acquisition of SRM Entertainment, a toy and souvenir designer, seems disconnected from Safety Shot's original focus on healthcare with CBD products. This shift, coupled with a move into alcohol and merchandise, indicates a lack of a coherent business plan.
The company's foray into a Special Purpose Acquisition Company (SPAC) suggests a tendency to follow trends rather than adhere to a well-defined and sustainable strategy. Safety Shot's abrupt shifts in focus and ventures into unrelated industries signal potential opportunism rather than a long-term vision for value creation.
Furthermore, SRM was acquired from Vinco Ventures (BBIG) which raises red flags about the companies Safety Shot chooses to do business with. Vinco Ventures, formerly listed on Nasdaq under the symbol BBIG, underwent a sudden delisting on July 28th, without any prior notice to public shareholders. This abrupt delisting likely followed multiple unanswered delisting notices, reflecting a lack of transparency and responsiveness.
Prior to the delisting, BBIG had decided to cease reporting earnings abruptly, and key directors began departing from the company. The company is now entangled in lawsuits, and within a day of delisting to the OTC marketplace, BBIG experienced a downgrade to the expert market, where it recently traded at $0.0003, for all intents and purposes it is $0.
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Safety Shot’s de-spac Chijet currently trades at $1.68, down 83.2% from its merger.
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It is clear that the speciality of Safety Shot’s management is in reducing shareholder value.
Dilution
With a >$180 million market cap as of yesterday's close, Safety Shot seems to be riding high on the stock market despite its main product, a yet-to-launch alcohol detox drink, being marred by fraud concerns. The company's valuation appears inflated, and thus we believe dilution is to come.
During its relatively short period as a publicly traded company, Safety Shot has engaged in a notable pattern of dilution, involving two convertible notes and two offerings. This history of dilution raises concerns among investors about the potential impact on the value of existing shares and the company's financial strategies. Furthermore, with over 9 million warrants awaiting exercise, notes that haven't been paid off, the company appears positioned for additional dilution. But theres more, there are even earn out payments to incentivize warrants being exercised: “in the event that during the Earn-Out Period, the Company receives cash proceeds of at least $11,000,000 from exercises of the Company’s $1.00 Warrants at an exercise price of $1.00 per Common Share (“Milestone 1”), the Company shall pay to the Seller $2,500,000 payable in cash;” 8-K
The recent surge in stock price and volume provides an opportune environment for Safety Shot to pursue further dilution, with $95 million remaining within Shelf facility. Investors are advised to stay vigilant and consider the potential consequences of ongoing dilution on the company's financial health and shareholder value.
Summary
Safety Shot is a dubious venture, with a history tainted by deceit, erratic business decisions, and ties to questionable entities. From its inception as CBD Brands to its current state as an alcohol detox drink peddler, the company is destined for regulatory scrutiny.
The leadership, with backgrounds at notorious firms like Stratton Oakmont, raises serious ethical concerns, compounded by legal troubles, financial instability, and a penchant for promotional tactics reminiscent of previous stock frauds.
The claims of a miraculous drink to lower BAC levels and revolutionize the beverage industry appear nothing short of a deceptive ploy, especially when scrutinized against the backdrop of the company's sketchy past and its leaders' questionable track records.
The company's murky history and alarming red flags cast doubt over its credibility and legitimacy, painting a compelling picture of a scam in the making.
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You would have to ask GBB Labs (Safety Shot) how they derived that amount. I believe they had come to an agreement for the licensing rights to the drink for cash and stock totaling that amount before FD Pharma ghosted them and then lied to the public about "creating a new division" that somehow created this drink in less than 90 days. This is the original reason why there was an NDA in place and why FD Pharma physically visited GBB's lab and was provided samples of the product.
It tells you a lot about the people running FD Pharma when you try to defraud a company and their own shareholders like this.
Why only $53M then?
I doubt "Unbuzzed" will ever be released. I'm sure a restraining order to prevent production until this matter is resolved will be implemented.
As for the merit of the case.....
Considering Safety Shot's R&D was comprised over several years as opposed to 3 months for FD Pharma combined with the fact that FD Pharma signed an NDA with GBB Labs (now Safety Shot), physically visited their lab, received samples, was exposed to the formula, then "miraculously" ghosted the company and announced their own version 3 MONTHS LATER, I would say the case has significant merit.
That's because the other company is selling product. So will UnBuzzed when released. Does the Safety Shot, Inc., formally Jupiter Wellness that acquired GBB Drink Lab, does its court filed complaint have any weight or credibility?
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