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Bhang didn't steal from MNTR. They were conned by MNTR.
Just like Chester has been conning the market with his BS.
1) Vape patent. They never had an patent, only a flimsy and now worthless application. PS There is no such thing as an "international" patent
2) Chester doesn't have 2 million coming in from the courts, He has around $1.7 coming because he was forced to buy stock back by the AAA ruling. Stock that was later found by the Federal court to be issued without proper authorization aka "unregistered securities"
3) Chester knew about the fraud on the loan and the credit default insurance long before he notified the trading public.
4) The 600k from the credit default insurance is still in the wind. Made a big deal of getting a judgment, but dent mention it again. Why? Are you actually pursuing it?
5) stretched truths, half truths and worst of all flat out lies. It is the CB way.
WHY NO PRESS RELEASE CHESTER?
You have known since last Friday that Bhang placed the money in the court to pay off the judgement. Why haven't you let the trading public know that? Don't you think that is relevant? Or maybe you think it is as relevant as the fact that a US Federal District court has ruled that you did not exit bankruptcy court properly and all the stock you issued under that bankruptcy (you know all your warrants) are likely illegally issued unregistered securities. ISN"T THAT RELEVANT INFORMATION??? Oh I forgot, you probably only share that kind of info with people in the Ukraine, Russia and Ireland. Maybe that was the angle for the BS loan, the BS credit default insurance or all of the other BS that was part of that. Maybe just David "your inside guy" in Asia who set up that whole disaster. Seems like the only person who it wasn't a disaster for was you. Don't worry though Chester, the ones that really need to know do... SEC, US bankruptcy court, FINRA and the financial crimes division of the FBI. Tick tock
The only time this rag of a sock ever crossed the $7.00 mark was when Chet almost pulled off convincing Bhang he actually had they money he said he had. They found out he was full of crap, deal fell apart. Bhang was thrilled to pay the court the money and be rid of him once and for all last week. The SEC is already on top of all the illegal unregistered securities that have been sold since MNTR failed to properly exit bankruptcy as ruled on by the Federal Court just a few short weeks ago. Good thing MNTR has the money back rom Bhang. They are gonna need it to deal with the SEC, FINRA and financial crimes tornado likely headed Chet's way. Chet says he was selling stock to pay for tuition and medical bills. With al the dumping he could have done that 10x's over already. Maybe he is smart enough to know with what is headed his way, that having some money to defend himself personally might not be a bad idea.
shareholders meetings? Ha ha you must be kidding
$2+ million Paid to Court by Bhang
Seems odd that only the "insiders" Chester shares with know Bhang has placed $2,040,000.00 with the court to satisfy the judgement. It is easily found in the Federal court information about the case. Guess that is the "big" news he has been telling people about.
Wouldn't everyone consider that relevant information??
"Will" MNTR get shutdown?
A more likely question would be: Is it going to be the FBI, SEC or FINRA. Maybe Chester will squeak through??? Oh the suspense!!! One thing is for sure. Federal Court Motion for Summary Judgement states is warrant program is not valid. All those people who bought into Chester. Making misrepresentations on a federal bankruptcy declaration is a crime. Wonder how the bankruptcy court will be dealing with this. Guess we all get a front seat. Oh no we don't cause having annual shareholder meetings and posting relevant TRUTHFUL information is not really a Chet thing, is it?
Tick-Tock
We will see soon enough what the SEC, FINRA, US Bankruptcy Court and financial crimes Unit of the FBI all have to say about MNTR and Chet. What are all the "winners/Losers " going to do when this whole mess comes crashing down around them? What will they do if they are stuck with potentially worthless stock when trading is halted? The belief that this is all just par for the course in junk penny stocks is delusional at best. Failure to disclose relevant information is a crime. Putting out false and misleading press releases is a crime. Crime is not part of normal rise and fall of the market, it is criminal conduct done with the intent to defraud the trading public and to manipulate stock price (also quantified as a crime)
Just ask Chet, he has been reprimanded enough times.
Yes they can and should sue....
He keeps saying "oh its gonna hurt the shareholders"
He and the board are the near bulk of the shareholders. They have been liquidating the near maximum legal limit since they were made aware of Chet's failure to do his required items for the bankruptcy.
The dollar amount doesn't matter. Chet has been filing his pockets with cash on a plan that isn't legal. No bankruptcy discharge approved plan = no warrants = no warrants to exercised shares = no excessed shares means no legal shares = end of MNTR and end of Chet's shit eating grin
CONCERNS?
Here is a few for you...
A United States Federal JUDGE just ruled your warrant plan and all the shares that stem from it are illegal unregistered securities. How you gonna deal with that real fact Chet?
How you gonna deal with the fact that the moment you found out out the real possibility of it coming out to the public you started dumping stock Chet? Isn't that something you should have shared with the trading public? Since you didn't, you and your CFO were dumping on inside info, right? She might want to get an attorney too. It doesn't look good for both of you. She can't say she didn't know because according to the AAA hearing documents, she was at the hearing for the duration.
The SEC, FINRA and the financial crimes Unit of the FBI are all circling. How ya gonna deal with that?
The Golden's ruling is only the first of 4 that will likely prove you and your stories about this bankruptcy ruling are nonsense. What ya gonna do about that. The first already rules your warrant plan null and void.
Penny...When you go get your check from Chet for posting, ask him these and report back. Hope you aren't getting paid in exercised warrant issued shares. They are worthless now according to Federal court.
PS. Make sure you ask Chet how he is going to deal with having committed perjury when he signed that he did file all the necessary items with the California Secretary of State. Federal Judge says he didn't. Lying on a federal discharge document is a criminal offense. Hope he didn't spend all that money he drained out of the market. Sounds like he is going to need a good NEW bankruptcy attorney AND a criminal defense attorney.
Tick Tock Chet
NO Shareholder's Annual Meeting...
Chet, aren't you required to have an annual shareholders meeting?
When was the last time you actually did that?
You just appoint people to the board yourself?
I've been a shareholder for years and NEVER received an annual shareholders meeting announcement.
Just more for FINRA, SEC and financial crime division of FBI to soak up. Tick tock Chet.
You run this company like your own little piggy bank. Guess you needed to come up with a way to pay for your kids tuition because they were not willing sucker the US tax payers into paying for it like you did.
Can you actually just say the words "got kicked out of West Point for demerits" Say the REAL truth, it might make you feel better getting that deception off your shoulders.
Do due diligence
Makes you wonder if all the shares Chet has been dumping have anything to do with the fact he knew this court ruling was a very real possibility. He was made aware of this fact that his warrant plan was illegal during AAA arbitration hearing. Then he starts dumping stock. Suprise suprise. His new k-8 is about is untruthful as you could be. Classic Chet. Symbian bank not his fault. Credit default insurance money vanishing not his fault. Company stock dropping not his fault. Getting kicked out of West Point not his fault. When will Chet actually be a man and admit that he is at fault for ALL the failings of MNTR. Come on Chet, be a man for once in your life and fess up. Or wait until you are sitting in cuffs. Either way the truth is coming out. SEC is just a knock at the door away. Get ready. Roosters are coming to roost.
Here is a great reason why Bhang was entitled to the money.. Chet was running an illegal and ineffective stock plan all along. Don't like it or believe it. Federal court says otherwise. "MNTR never fulfilled its obligations under the bankruptcy court order, therefore their plan never became effective" Plan not effective = no warrants = no legal shares = end of MNTR and Chet's BS
Fair enough,
But it is a very possible reality that trading will be halted... then you are stuck holding toilet paper.
Take care and best of luck
Oh there is gonna be a drop alright.
And after FINRA is done reviewing this (as the are right this moment) there will be a bottomless abyss.
https://docs.justia.com/cases/federal/district-courts/utah/utdce/2:2015cv00176/95912/124
You are very mistaken. Never an employee of MNTR. Federal court rulings are no fiction, they are reality. Chet has been selling stock that are not legal. Fact. Nothing cheap about that. Well, aside from the legal counsel he received from his attorney on this unfortunate path not to settle with the Golden's before the shit hit the fan.
You say that like MNTR is gonna be around in a year..
Clearly you haven't read VERY relevant info.
This is the VERY RELEVANT INFO that Chet keeps forgetting to remember he is LEGALLY obligated to inform the trading public of.
https://docs.justia.com/cases/federal/district-courts/utah/utdce/2:2015cv00176/95912/124
Guess you were drinking the punch..
Roosters have come to Roost!!! MNTR is done...
https://docs.justia.com/cases/federal/district-courts/utah/utdce/2:2015cv00176/95912/124
Mentor Capital Loses BIG in Utah case!!!!
Federal Court finds MNTR's warrant structure to be invalid and never having become "effective"
Maybe all the money Chet has been liquidating for medical bills has been saved for legal bills.
The rooster's are coming to roost....
https://docs.justia.com/cases/federal/district-courts/utah/utdce/2:2015cv00176/95912/124
Wow nice of Chester to provide you all that. If it was just Symbian and Ravensburg that might be like a one in a million. But when you add in the fact that it is also the CDI insurance company. That is flat out impossible. And you go a step further and see that the same person has designed the websites. Oh and that they were all recently renewed on the same day. I really hope you aren't this naive.
Bhang did provide several great press releases to MNTR. I went to the Cannabis cup to see about one of them. Perhaps it wasn't the announcements that were the problem. I went to the cannabis cup and the Bhang executives were being VERY supportive of their relationship with MNTR. I stood around their booth while a couple MNTR shareholders stopped by. The execs were very happy to talk with those people and show them the new CBD product they had. So to say "Had they promoted" is just ignorant. Go ask Chet what he has done for us stockholders lately. Apparently sell warrants/stock below price? Call warrants after them hitting $8 only to have them crash beginning the next day. Or best yet possibly have lost $621K.
Lastly, you are telling me that they(Ravensburg/Symbian) were ok to make an announcement that they supposedly couldn't get MNTR's money out (although there is now been quotes of Chet put out that paint a very different picture) but at the same time made no announcement that the whole acquisition of Symbian by Ravensburg couldn't happen. Wow if you believe that I have some great real estate to sell you in Louisiana.
Westend, So where is the CDI money?
We are ALL waiting for the punch line of from this sad joke that either Chet was telling from behind the curtain or was told to him. Either way this CEO has to GO! Clearly not even a small amount of DD was done by him.
Let the shareholder actions begin.
Anyone interested please contact me directly. I have found a couple great legal offices we could choose from in CA.
Westend, Fraud is not contained within the arbitration clause. After speaking with a qualified attorney and NOT wikittorney the following has been conveyed:
If one party or the other files a suit for fraud it bypasses the arbitration clause. He said it does not need to be laid out in the agreement. It was considered standard under contract law. None of us know where this is headed. It sure doesn't seem like "Bhang isn't complaining" now does it Westend?
Maybe shareholders were all at their attorney's offices figuring out what to do with this big mess.
Or Westend they are not to happy with their beloved cannabis chocolate supplier being messed around with???
Still waiting for those answers from you or Chet.
Westend, the problem with your theory is that it shouldn't have mattered if the Russians or Ukrainian government had sanctions in place. The loan was not supposed to be coming from there. The loan was transferred to Luxembourg according to the press release from Symbian about being acquired by Ravensburg. If there had been some restriction put on anything it would have ben an announcement halting the purchase of Symbian. But alas there was no announcement. This is all a very tangled web that has been woven. We are all still waiting for the answers posed to you and chet:
1) How much was paid to Stone for this great bank referral
2) By colluded do you mean directed. Chet ceased the loan. There is no mention anywhere that the bank was unable to provide funding. Chet pulled out and then directed the bank to say it was their doing. Collusion is right!
If you actually take the time to read the contract and not just get your spoonfuls from Chet you will see that there is more than just the stock as an option. The second would require payment in cash with a penalty. The problem is that is if that option is taken by Bhang then MNTR must be able to perform on that. based on the poor financials released by MNTR it would seem unlikely it would ever be able to pay the original debt.
Lastly I would ask you to ask Chet (since he has gotten very shy about answering his phone) if he has gotten that money back from the CDI. It has been almost 2 weeks already. Oh wait, maybe they have banking restrictions in Ireland now too!
Since Chester has been so quick to put out the bhang contract maybe he would also be happy to put out the CDI insurance policy he supposed signed, the loan agreement Any proof that he actually had the warrants available to sell shares to the Bhang Officers listed in the posted agreement. He states that the $1.95 price was offered to everyone. I never got that offer when the price was $8.00. Seems like that wasn't too fair to the rest of us.
I absolutely do not acknowledge their existence. Quite the contrary. Addresses are bogus, phone numbers are bogus. Neither bank is known to their local governments. They are ghosts. In any educated person's opinion one of two things must be true in light of all this. Either Chet was in on all of this or he wasn't as smart as he claims. He has a responsibility to do proper due diligence with all of our money as shareholders and investors. He has clearly not done that. Next time you aren't talking to him ask him where the $621k that should be back in the bank are and who was the supposed escrow agent for the transaction was. Also ask how much he paid Jeff Stone the convict for this fantastic referral.
Instead of being Chet's mouth, why doesn't he man up and speak for himself here. We are all sick of only being able to communicate with him through you. Are you the official spokesperson for Chet? Who is the general counsel of record for MNTR? Who was the escrow company for this transaction with Symbian/Ravensburg? Why was Chester talking with Symbian when Ravensburg was supposed to be handling the transaction after the supposed acquisition? We would all like to know. Make sure you get good clean concise answers from Chet next time you talk to him.
Here is something Chester probably would have preferred to keep private. The fact that Chester is the creator of the whole Force Majure concept from the "fictitious" banks.
Pulled form Bhang's most recent press release:
“From: Chet Billingsley
Sent: Wednesday, June 11, 2014 3:49 AM
To: Chet Billingsley; 'Symbian Bank'; ‘info@ravensburgcapital.com'
“With regard to an international press release, my thoughts are as follows [emphasis added]:
“A force majure' prevented funds from a recently closed March 10, 2014, loan to Mentor Capital, Inc. from being transferred out of Europe. International fund transfer issues have not yet been able to be resolved with oversight agencies.”
Then, prior to the Press Release in #1 on this page, considering Ravensburg, Billingsley emailed the following to Ravensburg, on June 12, 2014:
“Symbian / Ravensburg -- I very much appreciate you taking the time especially to send out the force majure press release.”
From: info@ravensburgcapital.com [mailto:info@ravensburgcapital.com]
Sent: Thursday, June 12, 2014 6:46 PM
To: Chet Billingsley; Symbian Bank
Cc: info@guaranteesupportservices.net; Paul Marotta Esquire (Paul@TCLG.com) Subject: RE: Mentor Capital, Inc US$35MM Wire Status from Ravensburg Capital June 6th 2014
Dear Mr. Billingsley
According to your instructions we have set about to unwind the transaction with Mentor Capital until another time in the near future when the conditions permit completion of obligations and requirements. [Emphasis added]
Please take further note that the press release was sent out internationally yesterday reading as per your instructions again with some slight modifications. [Emphasis added}
It was never the bank's idea to stop the loan or to use the force major language. It appears it was Chet. That is contrary to the press release by the bank.
We shareholders certainly would have liked to know that Chet had been given a loan by the company for shares to guarantee the loan. I also am wondering how a country that does daily regular transactions with the US is suddenly a country that obstructs funds. I wonder who had the idea to stop the loan and call it a force major?
I think that the Bhang Capital is actually the announcement from MNTR of Bhang Financial. Must have been a DBA or something. Based on MNTR's recent posting on their website it would seem that the MNTR press release was not accurate that MNTR funded Bhang Financial. It states that 1.5 million dollars had been paid to bhang owners. If it was the owners money and not Bhang Chocolates' or direct funds from MNTR into bhang Financial than it would seem the press release was false.
Westend,
Bhang had ben publicizing Mentor. I know of several people whom Bhang had approached to bring into MNTR. The fact of the matter it became clear, based on these people's representation, was that there wasn't any money available o close deals with. So Bhang was holding up their end of that provision. But it would be unrealistic to believe they would continue to put their name out on behalf of MNTR when there was no ability to consummate those proposed deals.
Westend... it would be presumptuous to believe that the press announcement was the full scope of what is going on. I spoke with one of the founders yesterday and he assured me that "That press release is just the tip of the iceberg of what will be presented to the shareholders and public over the next week."
Anyone doing any DD on:
1) Chet,
2) MNTR's past,
3) The SEC sanctions actions against MNTR's legal counsel,
4) The Cease and desist SEC action towards Chet
5) The absolutely ludicrous claims regarding the bank loans
6) The mysterious $620K+ CDI insurance
7) The association of Chet and MNTR with Securities Fraud Convicted individuals
8) The misrepresentation of current and past press releases
would see that there is clearly much more going on than just the contract. And the basic smell test would say something definitely stinks here!
Westend you must be eating bhang Bars by the handful. If you honestly think that there is no proof that the banks are bogus, then you are crazy. How about Chet or you provide even one shred of proof that they exist. Why hasn't Chet announced the loan being withdrawn by Ravensburg or Symbian or whatever? Where is the insurance money... it should have been returned by now!!!! We have all tried to call Chet, no response and typical talk around answers.
Westend, What you say and what you mean consistently seem to be different. That is not a good sign. Make sure you check with your handler before you post so that you don't have to keep correcting and back tracking.
Westend,
Everyone is well aware of the US banking institutions being reluctant to finance. Does that mean you run out and go to a convicted SEC security fraud felon to get a recommendation on a bank (that has yet to be proven exists) and send out $600,000.00 plus to a company you have never worked with (or again can prove exists)? A flight to Europe to do a little DD would have been well worth Mentor's time. Do not for one moment try to justify actions taken by Mentor by using the American Banking's lack of interest as the cause. This whole things stinks and nothing you or whomever is feeding you info can justify it.
Sounds as if you have seen the agreement. Care to share with the rest of us? Why would Bhang have thought that the funding could be difficult? Why would Bhang have thought that Mentor would have made deals with anything other than companies that could fund or with people that were anything other than reputable.
Hey Westend the more important question would be whether or not Chet ever met with Symbian, Ravensburg or the CDI insurance company. Bhang's deal was with Mentor, not the bank. It was Mentor's responsibility to have done their DD.
Thats odd you would say that as the money is no longer supposed to be in the Ukraine, but rather in Luxembourg. Ravensburg acquired Symbian did they not? The loan was no longer in the hands of the Ukrainians. It is interesting that they didn't announce that the whole acquisition of the Symbian Bank portfolio had fell through. Things just don't add up. I'm sure it will all come out in the end.
Sujita, the loan is no longer an if... but it is dead as of the 11th
http://finance.boston.com/boston/news/read/27425217/