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Here are the facts and the answer to your "crushing conversion rate" comment which I believe I have already answered but I'm glad to address it again.
Fact and FYI. There were already previous debt notes that were converted at the same rates many months earlier. This was long before Feldenkrais took control.
Fact. The shares issued to Marquis Trading LLC and placed in escrow are restricted!!! We do not know what the terms were and I will not speculate here what they might be.
Fact. For the foreseeable future placing the 2,148,820 shares in escrow effectively prevents other debt holders coming forward seeking the same conversion terms. As you know with these added shares the AS is maxed.
In my opinion this was a brilliant move on the part of Feldenkrais. This gives him ample time to negotiate and deal not only with the above Marquis convertible notes, but with others as well.
The answer to your question is quite simple. He couldn't even if he wanted to. The AS is maxed.
Okay Captain Obvious, yes I agree the FBI isn't going to become involved.
Try to re-read my comment again and for once try to distinguish the difference between the not so subtle sarcasm in my statement and reality. Easy to do if you take into account the context of the conversation.
Ask yourself what happened to the $5 million from DGF.
Do you know when Ziv Turner left the company, when the $5 million was advanced, and when Ziv Turner came back?
Obviously not otherwise you wouldn't be making such asinine statements. The $200,000 was put to very good use. It was used to conduct two shareholder meetings.
What is it that you don't understand about the company not having any money left. Do you think Bignitz would have left if there still was a nickel left on the table? Now don't take that literally, I realize a nickel is nothing!
Nobody cares, don't waste your time researching whether or not a continuation fee was paid. Of course it was paid. I'm certain that would have been one of the first things that Kugelman did when he started running the Company.
That is your opinion that I do not share. As the CEO there was nothing underhanded about entering into an agreement with another company. By the way, the agreement signed was with the Company NOT with Ziv Turner.
That is your view which I do not share.
Kugelman had plenty of time to file the existence of the contract if he had wanted to. If anyone blew anything, it was the idiot that put him in charge. In fairness to Kugelman I doubt that he even knew or had any say in his appointment as the head of the Company by Kirkland.
What the hell did you want for Ziv Turner to report, that the Company had no money left? What do you think the insolvency filing in December was all about?
Oh I see, if he had somehow done the filings, with money that the company didn't have, then he wouldn't have "majorly blown" it. That's because we all know that timely SEC filings is all that was needed. It would have been everything that the Company needed to succeed and move forward. In my opinion that is a crock of shit!!!
Should have, could have, would have.
By September 14, 2020 the company was essentially broke. It devoted whatever resources it had left to conducting the Shareholder meeting seeking approval for either or both a RS and an AS increase. On the same day the PR was issued announcing an agreement they signed with Canit.
When the Company failed to seek the required shareholder approval, it became painfully obvious that it could not possibly move forward maintaining the status quo. Afterwards Kirkland chose to play hardball, only to realize afterwards that sometimes you win and sometimes you lose. He lost big time, end of story!
Contracts signed, regardless as to whether or not its information is reported with an 8-K or not, is nevertheless binding.
If the outcome of the vote had been different, if Kirkland had chosen not to play hardball, and if the Company had extra cash laying around, I'm quite certain Ziv Turner would have filed an 8-K. Furthermore, David Kugelman was in control for the better part of 2021, why did he not report the agreement by filing an 8-K?
Here you go what? That there is not enough fresh air in the room? I already previously replied to your post the other day.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=166219806
And so are about 7 million other people located in the Miami Area. Now if both Svorai and Feldenkrais were located in Bumblefuck Missouri, then you might have a point.
I can't remember making such a statement about Kugelman.
If I did you must admit it was very clever and you obviously didn't detect the classic BruceLake sarcasm!
No on both concerns, and I assume a definite yes on the role Team Turner played in causing someone's knickers to twist into a knot.
I guess there is no concern about DGF right? Did they not officially announce taking control of the Board of Directors by appointing David Kugelman as Chairman and sole director of OWCP and the OWC Israeli entity, only to make a disgraceful exit without announcing a replacement?
I seem to recall a lot of giddiness towards this "new" management.
It would appear that you are confusing "Team Turner" with the "IR" business. It is clear however that in their "illegitimate role" they've done a good job in causing someone's knickers to twist into a knot.
The "real" IR company that you are referring to was shunted aside because the service that they provided did not meet the company's expectations.
Instead the company chose to enter into an in-house agreement with "Team Turner" to further its interests, and were given enough latitude to act at their discretion. At this point, neither the company nor "Team Turner" is at liberty to comment and/or disclose the nature and terms of the agreement.
I would suggest that you send an email to IR with any concerns that you may have. It is certainly a more appropriate way of communicating than through a public forum. I have no doubt that you will get a prompt response from the IR team.
Yes we know the topic is the Haifa Court and I'm pointing out to you that the backlog is not due to any "Covid crisis". It has to do with another pandemic.
https://www.haaretz.com/israel-news/these-unvaccinated-10-fuel-israel-s-covid-crisis-1.10251639
I'm assuming that when the Federal Court Judge relegates the case to the trash bin of history, you will move it to another column?
Almost everywhere includes Israel! And my point that you fail to understand is that if the courts are indeed backlogged, it has nothing to do with a "Covid crisis". Further, not unlike other jurisdictions, cases continue to be heard and dealt with remotely on a daily basis.
I made reference to a "Covid crisis" because you're the one that brought it up. I provided you with a link that illustrates who is responsible for the so-called crisis. The fact that in Israel, COVID is fast becoming a pandemic of the unvaccinated is not a secret, nor is it unique to Israel.
The courts are backlogged almost everywhere. It has nothing to do with a "Covid crisis" in Israel.
You responded to a comment that was in quotation marks and highlighted in red. You obviously misunderstood who made the comment in the first place. The rest of the comment by Yaafah clearly illustrates that he's not in agreement with the quote.
Relax, in this case 911 was meant to be a joke!
I checked with Turner's Team and asked them to find out if Ziv is at all concerned about the SDNY Court and having to file the company's financials.
Apparently when asked he was having fits of laughter and ROTFLHAO!!!
When is the last time anyone has seen proof of criminal actions in public filings signed off by the CEO. Of course Bignitz was not that stupid!!! All we have for now are plenty of photos of him smoking cigars and drinking wine while taking "conference vacations" with his buddies. Not to mention a lack of accounting showing where the $5 million was spent.
Well done guys! The first trade of 500 shares at $.0036 netted $1.80. Does anyone know where you could buy a decent cup of coffee for less than $2.00?
Trading at .007 a few weeks ago is nothing to brag about and I'm sure you are aware of that. This was on life support in March of last year when the lights were turned off. It just happened to coincide with Bignitz stealing the last dollar from the $5 million DGF loan and running the OS to the maximum AS.
To answer your question, there has not been any recent specific news. Also don't believe the crap that it had anything to do with not bringing the filings current. Or the other BS that Ziv Turner somehow had anything to do with the current state of affairs. Just in case you are not aware here are some facts:
*When Ziv Turner left the company in early April of 2017 the share price was hovering around $1.00
*From April 2 2017 (Turner's departure) to April 30, 2018 (DGF Loan) Bignitz put together a new "Team" that included a new CFO, Stanley Hirsch, and a bunch of rented resumes that were only meant to deceive shareholders. The reality is that these aholes did absolutely nothing except to pretend they were on a new path with the promise of a brighter future. All they did was watch the share price drop to around the $.25 range from $1.00. Unfortunately the worse was yet to come!
*From April 30, 2018 to March 2020 these same morons, while being praised by some for their "stellar" performance, depleted the company of all its financial resources. During this period of time their only efforts were to try and push two R/S on its shareholders. One was for R/S up to 500:1 and the other up to 700:1. Of course both were defeated.
*In April of 2020 when Ziv Turner returned, the company had zero money. For the rest of the year he did his best to communicate with shareholders and deal with DGF, who by this time were in panic mode and kept insisting that somehow the company had to do everything it could to raise the AS so that they could continue to convert and dump more and more shares.
*For most of 2021 DGF, through their appointed puppets have been in control of the company. Ziv Turner was fired and replaced a long time ago and yet he is the one that is being blamed for not bringing the filings current.
To summarize: When Turner left the company in 2017 the SP was around $1.00. Before he returned in 2020, except for a brief P&D in December 2019, the SP had hovered around the $.007.
What is most troubling, and defies logic is ignoring the real facts, and wrongly attributing the demise of the company to one individual only. Meanwhile being oblivious to who the real criminals were.
I don't believe for a moment that Ziv Turner was one of them.
True it wasn't with the "blessing" of the CEO. Replace the word with approval, knowledge, understanding, or anything else you want.
When a criminal is talking, it doesn't matter who he's talking with or thinks he's talking with, nothing that comes out of his mouth should be taken as the absolute truth!
Why would he say that if it wasn't true?
A simple answer to that would be to legitimize or you might say add credence to the fraud he was committing. There is not a much better way to do that than to say it was with the blessing of the CEO.
What you believe or anyone else believes is irrelevant!
Quite obviously the judge wasn't fooled by the defense attorney's statement, was he? He ruled in favour of a prison for Svorai. This is fact.
Everything else you wrote are just your opinions. Opinions that I don't share.
If you believe the statement of the defense attorney of a well known fraudster then you may be on to something. Here is part of starstx reply to CB.
I sense someone is in panic mode here.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=165980596
LOL!! Sure, colour might have made the difference.
Glad you put special emphasis on the word "currently". Of course even if it had been written in all bold capital letters and underlined by the FBI Special Agent, Anthony Fry in the actual affidavit, I still would have questioned the actual meaning of "previously held or currently hold".
There is no doubt as to which CEO he was referring to. I personally think that writing it that way covers all the bases and that it makes the statement stronger and all encompassing. Especially if the previous CEO was offered a role and a corporate position in the new restructured company.
Further, we know that the statement was a direct reference to the 3 resignation letters. #21 in the Affidavit:
It's always sad when anyone dies because of their own stupidity. But one less moron is not such a bad thing.
That's clever. For a moment I thought he meant a better "planet" for all mankind.
With all due respect, quoting specific language contained in an FBI Affidavit and suggesting that it is somehow unique is really misleading. The fact is that the first three numbered statements contained in the Anthony Fry affidavit, before the Probable Cause section, are not at all unique. They are almost identical to the language used by other FBI Special Agents.
This is what you wrote:
Why did Svorai pay to get the filings current if he didn't have 'ties'? Of course he had ties. Dror Svorai has/had ties with every toxic lender that ever existed.
Here is an example of just one. He was at one time the President and CEO of Vapor Group and then succeeded by his friend Yaniv Nahon.
https://docplayer.net/142298725-Vapor-group-inc-quarterly-report-for-the-6-months-ending-june-30-filed-august-14-2017.html
Look at the list of the major shareholders with debt conversion notes. One that really stands out is Auctus Private Equity Fund.
Here is a link to one of my earlier posts regarding the conversions of 5 debt notes by Auctus Private Equity Fund, LLC that took place within a few months before the end of 2020, and before Feldenkrais assumed control of CATV.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=165897087
There were approximately 615 million free trading common shares that were issued. In February 2021 that number of shares represented around $20 Million.
I'm only pointing this out as a reason why Svorai may have been very eager to get the filings current. He did after all have 20 million reasons to do so.
Do I have proof? Of course not, but neither does anyone else. At this point I'm not convinced that Feldenkrais had any connections or associations with a scumbag like Dror Svorai. It just doesn't make sense that Feldenkrais would risk anything when he already had total control of the company.
That is an outstanding post and thank you for the links. I read the August 16, 2021 SEC vs Amalgarby case with interest since it's the most recent.
Read the following and let me know if Feldenkrais was responsible for issuing these as well. Don't tell us it was his ghost that issued the first 4 notes at a conversion price of $0.00004. LMFAO!!
https://www.otcmarkets.com/otcapi/company/financial-report/300968/content
At the bottom of page 21 you will find outlined 5 different notes whereby the company issued over 600 million common shares for conversions that took place just 1-2 months before Feldenkrais came on board. The grand total principal and interest of these notes was just under $28,000!
Shame on the company for not providing clarity. Or one might say shame on the investor that does not read the entire filing to get a better picture.
But I do agree that these kind of conflicting statements create nothing but confusion.