Edward Vakser promises but NEVER delivers!
Edward "Eddie" Vakser currently manages four tickers
SUTI (OTC "STOP"), PRPM (OTC "STOP"), PBHG (OTC "STOP") and AURI (OTC PINK)
He has ruined four others
TDEY (aka JMDP- OTC "STOP" -evicted from management), TSRR (OTC "GREY MARKET"), KLXC (DELISTED) AND ARTS (SEC REVOKED)
DD on Vakser will save you $$$$$$$$$$$$
Jorge Luis Saenz-- NEW CEO as of 06/04/15
RESIGNED 10/2015--ALLEGES VAKSER "FRAUD"
I am sending you this letter after many attempts to contact you over a prolonged period of time. I have been tirelessly trying to contact you to discuss several pressing matters regarding SUTIMCo International Inc. Back in June you appointed me as the chief executive officer of the company. At that time, I was under the impression that you and I had a clear understanding as to the outline for moving this company into a positive direction. At inception you agreed to compensate me via a share plan for my duties as ceo. You never honored that agreement. After several discussions, I realized that this was going to be a challenge for you to follow through. Instead of pursuing compensation, I agreed publicly in a press release that I would forgo compensation until you, me, your attorney and chief financial officer could repair this haphazardly run company. At that point I felt it was in the best interest of the shareholders for me to focus on repairing the company and moving it in a positive direction rather than my seeking the compensation that you and I initially agreed upon.
My biggest priority is responding to shareholders with updates. You and your inept former ceo, Luther Jeffries, started this ProTek Capital dividend process before my time. I made it a high priority to follow through on your word. Instead of allowing me to tackle this difficult task, you insisted on excluding me and submitting the documentation to FINRA on your own. My major issue is that you refuse to communicate with me so that I am kept abreast of the situation. Shareholders were promised this dividend about a year ago. You assured me that this would be attained. I understand that certain delay matters are out of your control. However, that does not excuse your lack of communication with me. In addition, your extreme confidence in executing this dividend is the sole reason why I thought it would be beneficial to offer a similar type dividend reward to our SUTIMCo shareholders. Well neither dividend was executed and absence leaves me responsible to explain an unfulfilled promise.
The SUTIMCo name change is another issue. You insisted on taking full control of that as well. That would have been fine if you got the job done. You blame your former ceo, Jeffries, for executing a name change on the Wyoming Secretary of State, yet you do not follow up with finalizing it with FINRA. Regardless, FINRA is obviously not going to effectuate a name change for SUTIMCo International with an abandoned name change process for ProTek Capital and a lingering dividend application. For whatever reason, you appear to have lost complete sight of the priority.
Third, you supposedly finalized your agreement for DMND Inc. The concept appeared to be a wonderful insertion into the company. The deal made and the plan for the minimal restricted shares attributed seemed quite beneficial to the company. To date, I have yet to see us move forward with utilizing this venture that cost the company 150 million shares. This was a deal that you supposedly brokered. I signed my name of the press release but I am given no indication on how you intend to move forward with utilizing this acquisition.
Fourth, the tentative plan that you, Mr. Tassan and myself had with respect to the accumulated company deficit went unfulfilled. The SUTIMCo books are a disaster. My understanding was that there was a plan in place for us to reduce the overall liability to the company. I informed shareholders that the SUTIMCo 2nd Quarter would show a reduction in overall liabilities. That did not occur. Actually nothing occurred. Also, we started the process for the retirement of shares. Whether we were doing that via a company buyback or noteholder cancellation, it was never finalized. Consequently your noteholders appear to have done a major conversion in mid September which may very well be the result of the stated internal investigation of your noteholders by the new directors of 3D Entertainment. As of last week SUTIMCo was on the verge of 3 billion outstanding shares and I, the supposed chief executive officer, am left in the dark without knowledge or explanation. ProTek Capital is a complete issue in itself. You, nor any of the remaining company officers, have made yourselves available to discuss with me the severe damage done to the share structure, the outrageous accumulated company deficit and what potential plans exist to move in a positive direction.
Last and most imperative is the Quarter 2 filings for SUTIMCo International. You continue to supply the filings for the company by your choice. You insist on having sole access to OTC Markets and these filings. I was appalled to see that you made the decision to upload these filings with my name on the electronic signature. I did not approve, nor even review, these quarterly financials. You could imagine the awe that I was in to see that you had the audacity to sign my name next to a company report that I never even saw. I am hopeful that you do realize that there is an electronic paper trail that proves that you made no attempt to send this filing to me. Last, this brings us to the recent ProTek Capital filings made on September 18, 2015. I truly believed that we were going to get this set of quarterlies correct. However, after you sent this quarterly draft to me, I questioned you about accrued salaries noted in the amount of $270,000. You did not respond. You simply chose to execute this quarterly filing and sign your name as director. With that said, I immediately resign from both SUTIMCo International (as ceo) and ProTek Capital (as ceo). I am demanding that you remove my name from OTC Markets and press release this material event within three (3) calendar days of this letter.
Jorge Luis Saenz"
TWITTER FEED FOR CEO JORGE SAENZ
June 4th, 2015: "The first and most critical project that I will tackle would be to file and complete the dividend from our sister company SUTI,-- Jorge Saenz "
11/05/15, Still no dividend in
PRPM shareholder accounts!
FINRA and SEC have received official complaints regarding the promised dividend!
September 15 at 9:38am Facebook Vaping Dragon Industries LLC -- If you need answers please email your questions to the following... he insisted NO RS when I came aboard. He has yet to discuss plans for PRPM. I came on board with Suti. ..PRPM was placed on my lap because the previous CEO was captured and put in jail. ....... email@example.com
NOTE: The CEO/ Fund Manager of "BV Remenstein" (aka Baron Von Remenstein) is--- EDWARD "EDDIE" VAKSER.
http://www.linkedin.com/pub/eddie-vakser/33/153/501 This fact was not disclosed to investors in the above PR.
Vakser claims to have been "CEO/ Fund Manager" of Baron Von Remenstein since its' formation in November 2014. This information was first revealed on Feb 4, 2015 (post # 40165) as well as subsequent posts in March-April (#46621 and #50923). As "CEO/ Fund Manager" of Baron Von Remenstein, Vakser is obviously among the unnamed individuals holding a "substantial position" in SUTI as announced on 6/19/15.
Dallas, TX -- May 6th, 2015 -- InvestorsHub NewsWire -- ProTek Capital Inc., (OTCPK: PRPM), is pleased to announce that PRPM has entered a Memo of Understanding for the acquisition of IncBuzz, Click to read: http://ih.advfn.com/p.php?pid=nmona&article=66730485
ONCE AGAIN, EDDIE VAKSER IS RECYCLING AN OLD PR FROM ANOTHER OF HIS COMPANIES (OTCPK: TDEY). THE RECIPIENT THIS TIME IS SUTIMCO'S "SISTER COMPANY" PROTEK CAPITAL (OTC: PRPM ) --WHICH WAS DTCC LOCKED FOR NEARLY A YEAR). ON NOVEMBER 10, 2014 VAKSER ANNOUNCED THE "BIG NEWS" ABOUT "INCBUZZ" AS A REASON TO BUY HIS TDEY. CHECK OUT HOW WELL IT WORKED FOR THEM... PPS .0001 AND NO BID!
Edward Vakser was indicted by the Dallas County grand jury for "felony theft" on 2/12/2014. Accordingly, he was required to disclose that he was facing a felony charge in Dallas in Shareholder Disclosures. Despite claims he had "resigned" from any managerial position earlier in the year, it is believed by many that he remains fully in charge. He has recently officially returned to manager/ director/ control person status by declaring himself a "consultant" on OTC. He and his family (which includes the CFO) are accused by some investors of dumping tens of millions of shares.
UPDATE: ON MAY 4, 2015 VAKSER ANNOUNCED THAT "ALL CHARGES AGAINST HIM HAVE BEEN DROPPED" ...THAT THE CASE WAS "DISMISSED" AND PROCLAIMED HIS COMPLETE "INNOCENCE" IN MULTIPLE PUBLIC POSTS.
CONFIRMED (May 5, 2015)-- THE CASE AGAINST VAKSER WAS "DISMISSED" ONLY BECAUSE...
HE ACCEPTED A "REDUCED CHARGE" AND PAID "FULL RESTITUTION OF $27,500" TO THE PLAINTIFF.
To view all official court documents click here: http://courtecom.dallascounty.org/pav/
Enter case# -->>F1400082<<-- and click “search.”
Shareholders of record—119 a/o Apr 15, 2015
NOTE: THE COMPANY HAD A "PAR SHARE COUNT" of 5,500,000,000.00 with a PAR VALUE of .001** CAPITAL AMOUNT= $5,500,000.00 until 2/3/15
NOTES: In January 2015, the issuer (SUTI) claims it acquired Luxuriant Holdings from ProTek Capital, Inc. (OTCPK:PRPM) --which had been DTCC globally locked since the spring of 2014. SUTI later promised to offer to issue a 10-for-1 future dividend to ProTek Capital shareholders (i.e. 1 share of SUTI stock for every 10 shares of ProTek Capital stock owned) sometime in April 2015. This arrangement also includes billions of shares held by management and “beneficial shareholders (i.e. the Vakser family) which likely accounted for the record volume experienced by both companies when the DTCC lockwas lifted. PRPM has 12 billion shares authorized.
HISTORY OF MANAGEMENT
LUTHER JEFFRIES WAS HIRED BY EDWARD “EDDIE” VAKSER TO SERVE AS CEO OF PROTEK CAPITAL [PRPM] ON DECEMBER 19, 2013. IN THE SPRING OF 2014, PRPM WAS SLAPPED WITH A DTCC “GLOBAL LOCK.” VAKSER THEN ACQUIRED SUTIMCO INC [SUTI] IN JULY 2014 “FOR PRPM SHAREHOLDERS” NAMING HIMSELF AS CHAIRMAN, CEO, PRESIDENT & DIRECTOR. HE PROCEEDED TO STEP DOWN AS CEO AND INSTALL JEFFRIES IN AUGUST 2014.
NO “VERIFIABLE” INFORMATION ABOUT JEFFRIES OR HIS PAST WAS EVER DIVULGED BY EITHER HIMSELF OR MANAGEMENT. EVERYTHING WAS HEARSAY. A GROUP OF INVESTORS UNCOVERED EVIDENCE THAT JEFFRIES WAS A WANTED FUGITIVE WHO HAD SUCCESSFULLY EVADED A 9 YEAR OLD WARRANT FOR GRAND LARCENY. HE WAS ACCUSED OF STEALING $20K FROM THE “FAMILY DOLLAR STORE” HE MANAGED IN WASHINGTON COUNTY, NY. (A FACT OMITTED FROM HIS EMPLOYMENT HISTORY). ONCE CONFRONTED JEFFRIES REPEATEDLY AND PUBLICLY DENIED THESE ALLEGATIONS AND THREATENED LEGAL ACTION AGAINST THE MEMBERS WHO MADE THEM. NEVERTHELESS, SOME MEMBERS NOTIFIED LAW ENFORCEMENT WITH SPECIFIC INFORMATION AND DETAILS WHICH CONFIRMED TO POLICE HE WAS THE MAN THEY WERE SEEKING.
The following image was posted on 3-25-2013 on Facebook using the alias "Luke Jeffreis" --intentionally misspelled by him to avoid capture. This photo was instrumental in assisting police in identifying him as the man they were looking for.
ON 3/31/15 LUTHER JEFFRIES ANNOUNCED HIS PLANS TO RESIGN AS CEO OF SUTI AS OF 04/02/2015. INSTEAD HE WAS ARRESTED THAT VERY DAY. SEE NEWS REPORTS BELOW:
09/23/2015 Luther Jeffries - Defendant was sentenced to 1 to 3 years on a GUILTY plea to Grand Larceny in the 3rd Degree, a Class D Felony. He was incarcerated at the Ulster Correctional Facility in New York.
No charges were filed in the stock case, in which he was soliciting investment in a venture to provide assistance to growers of medical marijuana.