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Venturis Therapeutics: A legacy of failure & unaccountability
Here we are, four 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, I believe it's just a matter of time before Venturis is liquidated or declares bankruptcy. Venturis is likely on the verge of collapsing under the weight of its lies and deceit, and the alleged $14 million theft of funds of Calvin Wallen III, the controlling shareholder and CEO. Rather than addressing any of the concerns of shareholders, all the company and its supporters seem able to do is talk about events of 7 years ago, about the former CEO Dan Montano who hasn't been in the company for this 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
Venturis: Controlled/run by an alleged crook (according to the U.S. government)
Venturis Therapeutics is all but dead. and no one is going to invest in a company controlled and run by an alleged crook--especially when the allegations come from the U.S. government.
Venturis lost a long legal case resulting in a 7-figure adverse judgement in binding arbitration. Unless some third parties step up and invest, this insolvent, illiquid, zombie company is either going to be liquidated or will declare bankruptcy to temporarily halt the liquidation.
Let's face reality. No third parties are about to invest in a company that's controlled and run by an alleged crook, Calvin Wallen III. Anyone doing due diligence on Mr. Wallen will learn he has a history of allegations of wrongdoing, sketchy accounting that leads to allegations of fraud, etc. In this case, the accusations come from the U.S. government, who has accused Mr. Wallen of allegedly stealing $14 million from his previous company. Mr. Wallen's trial is upcoming.
For more information:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=157814754
And here's what an insider who spilled the beans had to say about Venturis:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=157664278
Compounding the Venturis failures: The Tell
What's really interesting to me is that Venturis Therapeutics shareholders focus on the company, asking questions (which do not get answered) like:
1) Why has Venturis failed to run a single clinical trial since 2007?
2) Why hasn't Venturis held the shareholders meeting in 2020 as required by the bylaws?
3) Why does Venturis Therapeutics often seek to (clumsily) cover up bad news rather than just forthrightly acknowledge it?
4) Why doesn't Venturis Therapeutics announce all the money it has raised and indicate who has invested, as is the norm in this industry and in fact in the history in this company? (we know why - there isn't any)
Yet the company's supporters (who I believe are actually just the leadership team in disguise) seem to only want to talk about one subject in response: Dan Montano, the former CEO who was ousted in a hostile takeover in 2013. It's all Dan Montano, all the time. That alone is the tell. Not only is it a poor attempt to change the subject, but it's an acknowledgement that everything the critics are saying is true. Well, at least we critics are flattered.
Yes, it's probably not pleasant for the leadership to talk about its consistent legacy of failures, lies, distortions, and broken promises. Yes, it's probably not pleasant for the leadership to admit they've failed miserably and bankruptcy is now at hand. But still, it's so OBVIOUS that their pathetic efforts to re-litigate events of 7 years ago, and this obsessive fixation on someone long gone, is a ridiculous and unsuccessful attempt to cover up a dismal record of failure, lies and deceit. Awesome reults for sure!
And of course, look at the leadership itself:
A) Calvin Wallen III is an accused crook by the U.S. government, who the government alleges stole $14 million from his previous company. His trial awaits him. And we need to note that Mr. Wallen has taken a scorched earth approach to delay, delay, delay, delay his trial. It's worked - it's three years now (although in his defense, Mr. Wallen had a great assist from coronavirus). Certainly this is the sign of someone who thinks they are innocent, right? And it's clear he's innocent too, because even though the government hired forensic accountants who discovered his alleged fraud and identified the dates, times, amounts, and recipient bank accounts where the money was siphoned off to for no valid business purpose, this is nothing less than the Deep State rearing its ugly head to smear and attack Trump supporters. Or something like that...
B) And then there's Grant Gordon, who also has repeated allegations of impropriety around him (although he is not facing a trial to the best of my knowledge). But I don't harp on Grant Gordon to the degree he deserves because he is reportedly not doing well.
C) And of course we can't let the dysfunctional Board of Directors off the hook. Can someone else name a company where the CEO is accused of fraud by the U.S. government yet the Board has not taken the appropriate and prudent step of removing him until the matter is legally resolved? Let's face it, we shareholders do not have a Board of Directors that is looking out after our interests. In my opinion it's a corrupt group of sycophants who are simply doing Mr. Wallen's bidding. It's disgusting. The only board member besides Grant Gordon who has reared his head is Jon Ross, who spoke at one shareholders meeting. At that meeting, he acknowledged in response to a shareholder question that Venturis (called CVBT at the time) was paying only one employee in cash. Way to go, Jon! After that, Jon was sent to the Cone of Silence, from which he has not emerged since.
It's over soon, folks. For more information:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=156705047
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 clear to me 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 and its supporters seem able to do is talk about events of 7 years ago, about the former CEO Dan Montano who hasn't been in the company for this 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
It appears Grant Gordon is heavily drinking again, based on what I'm hearing from my Venturis Therapeutics sources.
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.
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
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
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.
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
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
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 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
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
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--and I'm referring to 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).
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.
I checked with Venturis Therapeutics, and it appears "drunk warmed over" is missing in action.
For more information:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=156705047
Question 15: “Rumors” are that “one of the largest financial institutions in the world” is about to invest in Venturis Therapeutics (formerly CVBT). Who are the candidates?
A) No one is going to invest in an insolvent, illiquid, bankrupt company that is controlled and run by an individual the U.S. government alleges is a crook—Calvin Wallen III.
B) The North Korean Sovereign Wealth Fund
C) Deutsche Bank – a bank very comfortable investing in companies owned by crooks
D) The private bank of Vladimir Putin, the world’s richest man
E) J. Kushner & Co-Conspirators International Bank
F) First Jersey Securities
(The correct answer is listed below)
For more information:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=156705047
The correct answer is: (A). Literally no one—credible, crooked, or anywhere inbetween—is going to invest in Venturis Therapeutics. Why? Because according to Venturis CFO Robert Schleizer in 2018, the company received a going concern qualification from its auditors, which confirms it’s insolvent (and nothing has changed since then). And since Bankruptcy Judge Gary Spraker indicated Venturis/CVBT is unable to pay its debts as they become due, it’s illiquid. And with Calvin Wallen III being accused by the U.S. government of having stolen $14 million from his previous company, well, that’s the certain kiss of death. Anyone who thinks that any prospective investor conducing proper due diligence on Venturis Therapeutics would somehow miss finding any or all of these inconvenient facts, well, there’s probably a greater chance that a certain drunkard in Venturis Therapeutics's leadership has quit drinking as he publicly insists (except for the evidence of him passing out at public events and needing to be carried away because he couldn’t walk on his own). So why are we seeing these rumors? I believe that question is sufficiently answered in our quiz earlier in Question 10, which you can find linked below.
Maybe this is a good time to review what a high-placed Venturis Therapeutics insider who left the company had to say:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=155941891
And here are the earlier questions in our series:
Question 1: https://investorshub.advfn.com/boards/read_msg.aspx?message_id=155716885
Question 2: https://investorshub.advfn.com/boards/read_msg.aspx?message_id=155768166
Question 3: https://investorshub.advfn.com/boards/read_msg.aspx?message_id=155830431
Question 4: https://investorshub.advfn.com/boards/read_msg.aspx?message_id=155887684
Question 5: https://investorshub.advfn.com/boards/read_msg.aspx?message_id=156041065
Question 6: https://investorshub.advfn.com/boards/read_msg.aspx?message_id=156227658
Question 7: https://investorshub.advfn.com/boards/read_msg.aspx?message_id=156355920
Question 8: https://investorshub.advfn.com/boards/read_msg.aspx?message_id=156535390
Question 9: https://investorshub.advfn.com/boards/read_msg.aspx?message_id=156702737
Question 10: https://investorshub.advfn.com/boards/read_msg.aspx?message_id=156857356
Question 11: https://investorshub.advfn.com/boards/read_msg.aspx?message_id=156983504
Question 12: https://investorshub.advfn.com/boards/read_msg.aspx?message_id=157124141
Question 13: https://investorshub.advfn.com/boards/read_msg.aspx?message_id=157392141
Question 14: https://investorshub.advfn.com/boards/read_msg.aspx?message_id=157474813
We should not lose sight of the fact that Grant "Clean-Living" Gordon, a member of the leadership team of Venturis Therapeutics, had a major victory recently that deserves to be celebrated and remembered.
Grant won a very special triathalon the first weekend in August. While Grant collapsed just after the "finish line" and had to be carried back to his hotel room, that's a true testament to his clean-living lifestyle and the incredible results he's achieving with it. It took Grant a number of days to recover from the effort, but he's back and in a celebratory mood, as he should be. While Mr. Clean-Living has little memory of winning the triathalon, that's not at all unusual for him.
Way to go, Grant! Keep up the great work! The clean-living lifestyle is paying off for you in spades!!!
For more information about Venturis Therapeutics:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=156705047
Congratulations - the official results are now in
All of us shareholders would like to congratulate Grant "Clean-Living" Gordon, a member of the leadership team at Venturis Therapeutics, on his win in a very special triathalon a week or so ago (the first weekend in August). Grant may have collapsed just after the "finish line" and needed to be carried back to his hotel room, but that's a true testament to his clean-living lifestyle and the incredible results he's achieving with it. It clearly took Grant a number of days to recover from the effort, but he does seem to be back. Apparently he has little memory of winning the triathalon, but that's not unusual for him.
Way to go, Grant! Keep up the great work!!!
For more information about Venturis Therapeutics:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=156705047
BEWARE: Trouble lurks within at Venturis Therapeutics
BEWARE! I believe anyone looking at purchasing stock in Venturis Therapeutics needs to exercise great caution and do very, very careful due diligence. There's reason to believe someone is trying to dump their Venturis Therapeutics stock onto unsuspecting (new) investors, and given the repeated reference to "GG" it may well be Grant Gordon. Venturis is an insolvent, illiquid, failed, zombie company that is facing imminent liquidation after having lost a 7-figure judgement. I believe anyone who purchases stock in this company through a private stock transaction (see posts #2373 and #2445) is going to lose 100% of their investment, and in near-record time.
The latest "rumors" are that "one of the largest financial institutions in the world" is about to invest in Venturis Therapeutics. In my opinion, there's exactly a 0.00% chance that will happen. Why do I believe this:
1) Venturis is insolvent according to Venturis CFO Robert Schleizer.
2) Venturis is illiquid according to bankruptcy Judge Gary Spraker.
3) Venturis's CEO is facing a trial brought by the U.S. government for allegedly stealing $14 million from his previous company.
If #1 and #2 weren't fatal, #3 certainly is. And the chances that any large institution would do due diligence on Venturis Therapeutics and fail to unearth that Calvin Wallen III is an accused crook by the U.S. government is zilch.
Further, there is a pattern of "rumors" emering from Venturis which intensify for a period of time (like now), but which are almost always false. Make sure you read this posting from my quiz series, which through humor suggests what's really happening and why:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=156857356
Make sure you also read about the company's imminent demise:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=156705047
You may also want to read about recent developments:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=156636621
A public service message brought to you by Walhall.
Congratulations again to Grant Gordon!
We should all again congratulate Grant "Clean-Living" Gordon, a member of the leadership team of Venturis Therapeutics, on his win in a very special triathalon held in Oregon last weekend. Grant may have collapsed after the "finish line" and needed to be carried back to his hotel room, but that's a true testament to his clean-living lifestyle that he's been living and the incredible shape it's put him into. It clearly took Grant a number of days to recover from the effort, but he does seem to be back. Apparently he has little memory of winning the triathalon, but that's not unusual for him.
Way to go, Grant!
For more information about Venturis Therapeutics:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=156705047
BEWARE: Someone's apparently trying to dump their Venturis Therapeutics stock onto unsuspecting investors, and given the reference to "GG" it may well be Grant Gordon. Venturis is an insolvent, illiquid, failed zombie company that is facing imminent liquidation after having lost a 7-figure judgement. I believe anyone who purchases stock in this company through a private stock transaction (see posts #2373 and #2445) is going to lose 100% of their investment, and in near-record time.
The latest "rumors" are that "one of the largest financial institutions in the world" is about to invest in Venturis Therapeutics. In my opinion, there's exactly a 0.00% chance that will happen. Why do I believe this:
1) Venturis is insolvent.
2) Venturis is illiquid.
3) Venturis's CEO is facing a trial brought by the U.S. government for allegedly stealing $14 million from his previous company.
If #1 and #2 weren't fatal, #3 certainly is. And the chances that any large institution would do due diligence on Venturis Therapeutics and fail to unearth that Calvin Wallen III is an accused crook by the U.S. government is zilch.
Further, there is a pattern of "rumors" emering from Venturis which intensify for a period of time (like now), but which are almost always false. Make sure you read this posting from my quiz series, which through humor suggests what's really happening and why:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=156857356
Make sure you also read about the company's imminent demise:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=156705047
You may also want to read about recent developments:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=156636621
A public service message brought to you by Walhall.
Question 14: Name the investor who has announced its/his/her investment in Venturis Therapeutics / Cardiovascular Biotherapeutics (CVBT) since Calvin Wallen's hostile takeover in 2014?
A) NEA - the premier VC firm in the biotech industry
B) The Gates Foundation
C) 3rd Street Beverage, an especially cash-rich operation these days
D) Warren Buffett
E) Too Sweet Cakes - Bend OR's finest cake bakery, whose business has exploded the last couple of years.
F) None of the above.
G) None at all.
(The correct answer is listed below)
For more information:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=156705047
The correct answer is: (G). None at all. Not a single investor has ever announced investment in CVBT/Venturis since Calvin Wallen’s hostile takeover 7 years ago. Not one. That’s rather telling. It’s the norm in biotech for any substantial investor to announce investments. Indeed, CVBT announced its investments when the prior leadership was running the company. So either there have been no significant investments since Mr. Wallen took over, or Mr. Wallen has only “invisible” investors. Given that Venturis CFO Robert Schleizer stated at the 2018 annual shareholders meetings that CVBT/Venturis had received a going concern qualification from its auditors, well, I think we know the answer. That, plus Judge Gary Spraker in CVBT’s involuntary bankruptcy stated that CVBT/Venturis is unable to pay its bills as they become due. Now that Venturis has suffered a binding 7-figure judgment to the former CEO, Venturis is all but certainly facing liquidation or bankruptcy. Either way, I believe the curtain falls for good very soon. If you selected (F) instead, while that is technically correct, it’s actually the wrong answer because it implies there are some other choices even if not listed here. In fact, there has not been a single investment announced for Venturis Therapeutics. (G) is the correct answer.
Maybe this is a good time to review what a high-placed Venturis Therapeutics insider who left the company had to say:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=155941891
And here are the earlier questions in our series:
Question 1: https://investorshub.advfn.com/boards/read_msg.aspx?message_id=155716885
Question 2: https://investorshub.advfn.com/boards/read_msg.aspx?message_id=155768166
Question 3: https://investorshub.advfn.com/boards/read_msg.aspx?message_id=155830431
Question 4: https://investorshub.advfn.com/boards/read_msg.aspx?message_id=155887684
Question 5: https://investorshub.advfn.com/boards/read_msg.aspx?message_id=156041065
Question 6: https://investorshub.advfn.com/boards/read_msg.aspx?message_id=156227658
Question 7: https://investorshub.advfn.com/boards/read_msg.aspx?message_id=156355920
Question 8: https://investorshub.advfn.com/boards/read_msg.aspx?message_id=156535390
Question 9: https://investorshub.advfn.com/boards/read_msg.aspx?message_id=156702737
Question 10: https://investorshub.advfn.com/boards/read_msg.aspx?message_id=156857356
Question 11: https://investorshub.advfn.com/boards/read_msg.aspx?message_id=156983504
Question 12: https://investorshub.advfn.com/boards/read_msg.aspx?message_id=157124141
Question 13: https://investorshub.advfn.com/boards/read_msg.aspx?message_id=157392141
Grant Gordon search - Day 572
We shareholders of Venturis Therapeutics would all still like to hear from Grant "Clean-Living" Gordon, a member of the leadership team of Venturis Therapeutics, to weigh in on the issue of why Venturis Therapeutics has not run a single clinical trial since 2007. He should give us shareholders the opportunity to get an answer to this question that no one seems willing to answer. But alas, Grant apparently has nothing to say on this topic, like the rest of the Venturis leadership team. Strange. One would think that running clinical trials would be the single most important issue for a development-stage biotech company with no revenues.
Perhaps we're not hearing from Grant because he's too busy living the clean-living life these days. Heck, right now he's probably out running 10-12 miles or biking 50 miles to start his day on the west coast (rumor has it Grant won a very special triathalon last weekend--staggering results, no less!). Hopefully once Grant has finished "working out" he will answer shareholders' questions. But he just never seems to.
Grant, everyone is really going to miss you once you're gone--and that day is likely coming pretty soon. Whether because of the pending liquidation of Venturis by creditors, or for any other reasons (whatever they may be). Grant, please give us your answer to the question above, about why Venturis has not run a single clinical trial since 2007, before it's too late. Thank you!
Cheers!
For more information:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=156705047
#DrunksDeserveBabiesToo
#IllDrinkToThat
#ANewDayForAlcoholics
One doesn't need to have a crystal ball for a pretty clear idea of what Grant Gordon's future is.
For more information:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=156705047
#DrunksDeserveBabiesToo
#IllDrinkToThat
#ANewDayForAlcoholics
Another day has gone by, but we still haven't heard from Grant "Clean-Living" Gordon, a member of the leadership team of Venturis Therapeutics, to weigh in on the issue of why Venturis Therapeutics has not run a single clinical trial since 2007. He should give us shareholders the opportunity to get an answer to this question that no one seems willing to answer.
As he's very busy living the clean-living life, he may be taking the day off today to enjoy a long weekend simulating his own triathalon. Word has it that Grant won a very special triathalon last weekend, and he may be eager to re-create it on his own this weekend. Unfortunately though there won't be as many people around to carry him if he collapses after the finish line as he's been known to do. Hopefully once Grant has returned he will answer the shareholders' questions.
Cheers!
For more information:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=156705047
#DrunksDeserveBabiesToo
#IllDrinkToThat
#ANewDayForAlcoholics
A New Direction For Venturis Therapeutics - Part 2
Before we get too far into this series, I want to address one of the key objections at Venturis Therapeutics to pursuing the Alcoholic Impotence indication. Reportedly, Venturis believes that it would be difficult to recruit for such a clinical trial. To that, I say, nonsense. For sure some clinical trials are difficult to recruit for, but this isn't one of them.
Folks, there's work that's been done on this very issue by Dr. Angus Innes, so there's no need to re-create the wheel. Dr. Innes has identified where he finds subjects for his studies, and it really presents a roadmap that Venturis would be wise to follow. It comes down to identifying the alcoholic in his/her native habitat:
1) Bars. Dr. Innes spoke with bartenders at bars to identify some of their best alcoholics, and offered a recruitment incentive to them for doing so. He said this worked unevenly, but in the situations where it worked, it was tremendous.
2) Liquor stores. No one knows who the alcoholics are better than a liquor store. Sure, this is not information they are going to share with anyone, but Dr. Innes indicated that when he presented his academic credentials and explained the reason for his study, in certain instances he received strong cooperation.
3) Yet the most productive location to find alcoholics, according to Dr. Innes, is wedding venues. Dr. Innes indicated that every weekend, wedding venue General Managers can see very clearly who the hopeless alcoholics are once open bar begins (particular upscale wedding venues were open bars are the norm). It makes perfect sense - unlike the first two habitats, a wedding removes whatever financial constraints the alcoholic has, and he/she will drink excessively and quickly to take advantage of the situation. And when the alcholic is so drunk that he can't even get up, walk, let alone go back to his hotel room and needs several guests to carry him, well, could the recruiting get any easier? Yes, Dr. Innes acknowledges, one has to get past the belligerence that can often by found with the drunkard in this situation, but Dr. Innes indicates that eventually once that period passes, the alcoholic will often be willing to sign up for the trial. But Dr. Innes cautions that the researcher must move quickly to sign up the alcoholic before the cycle begins again. Repeat ad nauseum.
For more information:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=156705047
Here is Part 1: https://investorshub.advfn.com/boards/read_msg.aspx?message_id=157411512
#DrunksDeserveBabiesToo
#IllDrinkToThat
#ANewDayForAlcoholics
Forgive me, please post a single link where there is an answer to this question many of us have asked: Why has Venturis Therapeutics not run a single clinical trial since 2007?
The answer, as we both know, is that Venturis refuses to answer the question. Many of us have asked it. In response, we hear: "Shittya, Dan Montano, the 95%, patents, etc." But never an answer to the question.
And that obfuscation is continuing...
For more information:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=156705047
#DrunksDeserveBabiesToo
#IllDrinkToThat
#ANewDayForAlcoholics
Would you kindly show me where even one time Grant and/or Venturis has provided an answer to the question: Why has Venturis not run a single clinical trial since 2007?
I must have missed it.
For more information:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=156705047
#DrunksDeserveBabiesToo
#IllDrinkToThat
#ANewDayForAlcoholics
Awesome! Because when Grant is willing to speak with shareholders, we have a pretty good idea what that means:
Read this:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=156885999
...and this:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=156857356
For more information:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=156705047
#DrunksDeserveBabiesToo
#IllDrinkToThat
#ANewDayForAlcoholics
I'd like to hear from Grant "Clean-Living" Gordon, a member of the leadership team of Venturis Therapeutics, to weigh in on the issue of why Venturis Therapeutics has not run a single clinical trial since 2007. He should give us shareholders the opportunity to get an answer to this question that no one seems willing to answer.
I would imagine he's living the clean-living life and unavailable to us at this moment, as he's probably out running 5-6 miles or biking 25 miles before the start of the workday on the west coast (rumor has it Grant won a very special triathalon this past weekend). Hopefully once Grant has finished working out, he will answer the shareholders' questions.
Cheers!
For more information:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=156705047
#DrunksDeserveBabiesToo
#IllDrinkToThat
#ANewDayForAlcoholics
This must explain why Venturis Therapeutics has failed to run a single clinical trial since 2007. Right?
I'm a shareholder in Venturis Therapeutics, not other companies. Given that this is a board discussing Venturis Therapeutics, we'd all raise our glasses to you if you would share your opinion why Venturis hasn't run a single clinical trial since 2007.
For more information:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=156705047
#DrunksDeserveBabiesToo
#IllDrinkToThat
#ANewDayForAlcoholics
A New Direction For Venturis Therapeutics? - Part 1
Given that Venturis is dead in the water, has proven it can't raise any money to keep going forward with what it currently has, and is likely to be soon liquidated by its creditors, maybe it's time for some bold new thinking if the ship is to be salvaged.
Maybe Venturis should re-focus its clinical efforts and branding efforts/marketing messages on treatments for alcoholics, re-focusing the company around the Alcoholic Impotence indication and now possibly an indication for End-Stage Alcoholism, to regenerate liver function for alcoholics dying from cirrhosis.
I believe the logic is delicious. In a world where there are so many companies that look and sound like so many others, there's nothing like this out there. According to the CDC, 37 million Americans binge drink once a week. That's a huge market--over 10% of the country, and grossly under-served. <wink>
In the coming weeks (so long as Venturis does not file for bankruptcy), we are going to explore these topics. I've been doing lots of research and am eager to share my findings. It may not be viable because Venturis Therapeutics may not last that long, but where there's life, there's hope. Heck, I'll drink to that!
For more information (though it may be too late to save Venturis), read here:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=156705047
#DrunksDeserveBabiesToo
#IllDrinkToThat
#ANewDayForAlcoholics
Another indication for Venturis’s drug?
Shouldn’t Venturis Therapeutics be pursuing another indication for its drug, in treating patients with cirrhosis of the liver? Based on what I’ve read in the scientific literature, the drug may have the real possibility of regenerating liver function, particularly in end-stage patients.
What prompted my research was a wedding I went to out of town last weekend. My best friend’s oldest son got married, and they had a scaled-down, socially-distanced wedding. Right after the ceremony, one of the bride’s relatives had gotten so drunk that he fell down and couldn’t get up on his own, or even walk. His wife, who is morbidly obese (about 5’4” and close to 300 pounds, and so overweight she couldn’t even bend down to help him on the floor), asked a bunch of us to carry her husband back up to his hotel room. I wish she hadn’t asked me (because of coronavirus concerns), but I couldn’t turn down someone in distress. So several of us helped get this drunk guy back to his hotel room—-he certainly couldn’t get there on his own. I learned from one of the others that this man, Gary, was dying and doesn’t have much time left because his liver is failing from decades of abuse (he apparently has lost 100 pounds in the last few years due to his illness). Gary’s doctor reportedly told him that if he has another drink, he’s a goner, but obviously Gary’s still drinking. It reminded me of my cousin’s wife who passed away from end-stage liver disease brought on by decades of heavy drinking. So I went online and read further about this, and it just made me realize there’s another clinical opportunity for Venturis Therapeutics that really should be pursued.
Here’s a thought – maybe Venturis should re-brand itself as a company that specializes in treatments for alcoholics? Maybe that would attract capital from new sources—-nothing else seems to have.
Question 13: While the 2020 annual shareholders meeting for Venturis Therapeutics was not held--in violation of the company's bylaws, in what month was it supposed to take place?
A) January 2020
B) March 2020
C) May 2020
D) June 2020
E) Why bother with shareholder meetings when Mr. Wallen is too busy preparing his defense against the U.S. government's case against him for allegedly stealing $14 million from his previous company?
(The correct answer is listed below)
For more information:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=156705047
The correct answer is: (C). Yes, May 2020 came and went, and not a peep from Venturis Therapeutics about the annual shareholders meeting. For those of us who don't have alcoholic blackouts, when Mr. Wallen launched his hostile takeover bid for CVBT, one of the reasons he cited was because the company failed to have regular shareholder meetings as required. "Meet the new boss....same as the old boss." Rumor has it however that the real reason Mr. Wallen didn't hold the shareholders meeting in 2020 is because they couldn't afford the open bar afterwards with Grant Gordon present, and yet they knew if they didn't have the open bar as usual everyone would notice it and put 2+2 together, which would undercut Venturis's narrative about its (cough cough) strong financial condition (as reflected in the going concern qualification from its auditors).
Maybe this is a good time to review what a high-placed Venturis Therapeutics insider who left the company had to say:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=155941891
And here are the earlier questions in our series:
Question 1: https://investorshub.advfn.com/boards/read_msg.aspx?message_id=155716885
Question 2: https://investorshub.advfn.com/boards/read_msg.aspx?message_id=155768166
Question 3: https://investorshub.advfn.com/boards/read_msg.aspx?message_id=155830431
Question 4: https://investorshub.advfn.com/boards/read_msg.aspx?message_id=155887684
Question 5: https://investorshub.advfn.com/boards/read_msg.aspx?message_id=156041065
Question 6: https://investorshub.advfn.com/boards/read_msg.aspx?message_id=156227658
Question 7: https://investorshub.advfn.com/boards/read_msg.aspx?message_id=156355920
Question 8: https://investorshub.advfn.com/boards/read_msg.aspx?message_id=156535390
Question 9: https://investorshub.advfn.com/boards/read_msg.aspx?message_id=156702737
Question 10: https://investorshub.advfn.com/boards/read_msg.aspx?message_id=156857356
Question 11: https://investorshub.advfn.com/boards/read_msg.aspx?message_id=156983504
Question 12: https://investorshub.advfn.com/boards/read_msg.aspx?message_id=157124141