Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Because friends of mine started the company.
So I guess you can shove the remainder of your ridiculous comments!
I don't know who you are but you can certainly contact me directly. INOL according to ParkerPoe's filing to the court to be removed as counsel got stiffed in a large way.
Still would like to know where the $716,000.00 that they brought according to their filings went to. Does not appear for business so that leaves little to one's mind, people's pockets.
I guess now that everyone has quit except for Mr. Wright and Mr. Beam, the company's website shows out of stock for products that the company is heading for sub penny land, and fast.
This group has done a great job, in Oct. 2016 a stock price of $2.76 and now $.18.Great job!
Also to the person that asked why I would care about the FDA APPROVAL MATTER. IF YOU ARE NOT KNOWLEDGEABLE REGARDING THE FDA, THEY HAVE VARIOUS CLASSIFICATIONS OF FDA APPROVAL, THE LEAST AND EASIEST TO OBTAIN IS WHAT IS REFERRED TO AS LISTED OR CLEARED STATUS. THESES ARE COMPARED TO OTHER PRODUCTS EXISTING WITH IN THE MARKETPLACE AND ARE REVIEWED TO SEE IF THEY HAVE COMPARABLE RESULTS. IF THEY DO THE PRODUCT CAN OBTAIN A CLEARED OR LISTED STATUS WITH THE FDA "BUT MUST BE MARKETED AS SUCH".
INOL however has claimed that the have FDA "APPROVAL". Which is an extremely lengthy and costly process which can certainly take years if not decades. Inol does not have that classification and it is acutely against the U. S. FOOD AND DRUG ADMINISTRATIONS rules and regulations to FALSELY market to the general consuming public ESPECIALLY A MEDICAL Device for approval parameters for self financial gains. It is a very big deal and land squarely in the land of "FRAUD".
Just so everyone understands how great the Plantiffs must be feeling right now after reading all the filings that this cast of lying individuals keep supporting their lies within court filings.
If you simply take one basic reoccurring claim that they have made within all of their filings against Berthold.
Which is, that he did not provide Lanham and Lanham with at least 51% control or voting control of Inolife Technologies, Inc.
So let's look at FACTS using a calculator. Per the filings Berthold transferred 49,079,160 of the series B preferred shares with a voting right of 1 preferred to 10 common shares and a conversion rate of 1 preferred b share to 250,000 common shares.
Now, this would have provided Lanham and Lanham with 490,791,600 votes of common stock and converted to 12,269,790,000,000 of common stock.
Now Berthold held 10,000,000 preferred D shares, with a voting right of 1 preferred D share to 10 common shares and a conversion rate of 1 series D preferred share to 500,000 common shares. This would have provided Berthold with 100,000,000 common share straight voting rights and converted to 5,000,000,000,000 common shares.
Now I may not be reading this correctly but Lanham and Lanham has and had significantly more then 51% voting or conversion ownership in INOL. Berthold provided substantially more ownership in INOL than the SPA agreement called for and he relinquished way more stock to Lanham and Lanham then he had to.
This is only the beginning of how the Plantiffs in my opinion can demonstrate how fraudulently this group is conducting business and they can go right down the line and provide the same type of Facts for all of their other claims.
One aspect that I am really supprised at INOL is by having legal counsel in multiple states file false statements and lies to judicial venues. Do they not realize that they have opened wide the opportunities for the plaintiffs to file charges with the state law boards against their attorneys? Every attorney in the USA from my understanding is required under their granted law license to perform basic reviews of their clients claims prior to filing anything with the courts.
Anyone wish to enlighten me how any attorney can make those very simple mathematical computations with the above numbers show that Berthold did not provide 51% of voting control to Lanham and Lanham?
Well folks, it appears that we are entering a period of darkness from INOL. This should not be a surprise to anyone since their is absolutely nothing in INOL nor has there been.
Since some of you have been all over Berthold and associates and I have been following this company since its inception let me provide you with a few facts.
Since this companies inception in 1998 with the Robbie family,then Weirs, then Bertholds group and now this current cast.
This current group has accomplished something no one else has remotely come close to.
This current group within a few short months has brought into via debt notes over $716,000.00 per their own very casual financial filings. This has been accomplished with no products, no product development, no product research, no marketing, no financial accounting costs, no revenue, constant "OUT OF STOCK" on their website, sticking their North Carolina Law Firm from what has been discussed well over $200,000.00, and who knows how they are currently sticking their other law firms and other individuals and parties.
This makes one wonder how many very select people have very nicely lined their personal pockets in a very short time with that $716,000.00.
This along with the active trading that only N3gu has been able to accomplish since the massive stock reverse of last year. If all of you recall N3gu owns the perported technology that was going into INOL and was yanked out of INOL this year with one of N3Gu's managing partners being CEO of INOL. If any of you have been keeping track of the only group that has enough stock to trade this year N3gu.
This group at least looking at level 11 trading since this past August, has been able to trade well in excess of $1,000,000.00. Take this amount of monies add the $716,000.00 to it and this very small group has pocketed approaching $2,000,000.00 in a very short time frame that would make most of us envious.
This all accomplished with NOTHING IN INOL.
This current group make any of the prior parties involved with INOL over the years look like extreme novices.
It very well might be time for some of you to look at the facts and begin focusing on these current individuals that are not only preying on INOL but other companies and individuals.
This current group is nothing short of very well honed, savvy, professional scammers and crooks to be able to accomplish what they have in such in a few short months with Nothing in a company.
It is time for the Regulators to jump in and go after Mr. Michael Wright, Mr. Kenneth Beam, Mr. Fred Dasilva, Dr. John Oda, Mr. Henry Benoit, Mr McClellan, Mr. Randall Lanham, along with others and the law firms that this group is dragging threw threw the mud with some very interesting claims and filings that they have made to the courts if any of you take the time to read them. Be very interesting to see if these law firms can support some of these claims and keep themselves out of trouble with the regulations and their own Bar Associations.
These are just some very simple verifiable facts.
You also may wish to take the time to speak with the individual associated with the MicroCap Group which some of us have done to find out actual fact from fiction regarding the SEC matters that they are involved with. I say this due to someone's prior post insinuating that there may have some wrong doing between INOL and MicroCap, which total rubbish. There is and are no issues there. Just someone attempting to create something that does not factually exist.
These are just some thoughts and facts.
I heard from a very good source that the SEC, Canadian Security Regulators in Alberta, Ontario, Quebec, North Carolina CPA Board, California Bar Association,CA Attorney Generals Office, NY Attorney Generals Office are going after this entire group with INOL.
The whole project is a sham. No product, no sales, no technology, Cannot purchase any products from their website, stiffed their NC LAW firm, snatched $716,000.00 and their is nothing for it, wondered where the monies went?
It should be interesting to see how the Regulators view Michael Wright being CEO of INOL and a managing partner in N3Ggu with everyone knowing that N3GU is the only one that has stock that they have been trading since August. This will be interesting!
Then we have now a true non filing company, maybe the nonsense of stating that they have formal FDA approval (when they do not), had no revenue (5,000,000) as stated be Mr. Lanham when they went into INOL almost 2 years ago, absolutely no revenue (WHICH IS WHAT SO OF YOU CLAIMED BERTHOLD DID), Intreging how it is OK for this group but not for Berthold,specifically remembering that this current group has Grabbed $716,000.00 and stuck in in their POCKETS is why they decided to head toward that well known DARK FILING Activities. (Just more indication of this sham). Do not recall Berthold ever doing that, certainly in only over the few months that this group did.
So the group of Dasilva, Wright, Oda, Benoit, Beam, Lanham and the rest of their cronies will have a nice time explaining everything to the Regulators. It is about time for them all to fall. They have been playing this SHAM game with to many companies and people for way to long.
So what has happened to their financial filing?
Anyone know who the new transfer agent is for INOL?
Let me add one more comment.
Anyone that is on this board, have you ever seen a pubco that has had ALL TECHNOLOGIES removed from it via a public filing and the witness in the next day's trading the share value increase along with having one of its strongest trading days???
I doubt it!
Something rather odd about that.
Well, I guess the fraud is going to be on the current group for all of the false filings, false statements, over $700,000.00 placed into the company over the past few months, and all of the recent stock trading for only 1 parties benefit and Berthold only had a couple thousand shares, so it certainly was not him.
Something stinks here with this current group, maybe Dasilva getting involved or the simple facts that this group was promoting a product falsely as having formal FDA APPROVAL when all it had was FDA Clearance, huge difference.
Let me address the FDA situation:
Inojex model 30 is a class 11 device, as such it is not required to have Formal FDA APPROVAL to fall under the governance of the FDA. However, there are different categories within the FDA governance, from what this product actually has to FORMAL FDA PRODUCT APPROVAL like so many products actually legally have which inojex 30 does not have. As most probably know, formal FDA product approval can take years, exhaustive clinical trials and unbelievable amounts of money, none of which inojex model 30 went through.
INOL can sell this product under the governance of the FDA by stating that the product has "FDA CLEARANCE OR FDA LISTED" but absolutely cannot falsely or fraudulently market the product as having "FDA APPROVAL".
Berthold and associates were presented in 12/2015 prior to any SPA ARRANGEMENT being executed that the injex 30 product had FDA APPROVAL and 5 million dollars in revenue, neither is true nor can inol legally state that this product ever had or has FDA PRODUCT APPROVAL. Berthold and all shareholders were presented with fraudulent information from the onset.
Let's remember that this current group has accepted investment dollars, issued a private placement memorandum, issued false filings all under the fraudulent FDA CLAIMS.
Can you imagine one of your family members using a product that purportedly has FDA APPROVAL, and that family member has some adverse reaction (unusual or not) and that individual finds out that the product and the company selling the product where and are mis-stating what FDA approvals that product had or did not have?
The legal action that would follow would be mind boggling. I do not know if INOL could remotely afford liability insurance to cover themselves properly, especially since they stiffed ParkerPoe.
Everyone can simply validate this with a call to the FDA.
WHILE YOU ARE VALIDATING THIS INFORMATION SEE IF YOU CAN VALIDATE WHAT WAS STATED IN INOLS DEFINITIVE AGREEMENT OF FEBRUARY 2016 SIGNED BY HUGHES BENOIT AND JOHN ODA,
FDA VERSION NUMBER- M GBA EN FR RO1 1209SFR
I have not been able to locate this above number anywhere.
Potentially just more fraud!
anyone know the best way to scan a couple dozen pages and place them on here?
First off, I am not going to post dozens of pages of support documents.
What anyone can simply do is what I did, call the FDA and obtain the same information that I did. Go the the FDA website and begin reading, you will be able to print off the exact same information that I also have including the FDA testing the syringe on a CHICKEN BREAST.
Then go to the North Carolina Court system and look up the court filings for inol, the Plantiffs. That includes the sworn affividavits of BEAM AND LANHAM.
EVERYTHING IS RIGHT THERE FOR THE WORLD TO READ.
Just like you can go to the State of California Bar Association and look up attorneys, type in Randall Lanhams name and begin reading. You might have to pay for the information like I did but everything is directly available for public reviewing, so this has nothing to do with me, just Facts about this extremely crooked and criminal group.
Apparently you must obviously know exactly what they did. Just because of the filed employment agreement certainly does not denoted they paid themselves that.
Again this person does not know facts either, Bertholds only executed 1 stock reverse not what this person is stating. Just another example of people that can hide behind am alias name and post non factual information.
The difference is that I am only interested in posting facts that can be supported.
You on the other hand do not mind posting false and misleading information for self serving purposes.
I have no ax to grind in this matter but people that post rubbish that is speculation just for the purpose of slandering a person or or persons is wrong on all levels.
This current group has conducted significant fraud and if you have been watching the stock price and actually paid attention to who is the only party that has enough stock in INOL you can clearly see who are the crooks.
The stock price was as high as $3.40 and now it is what $0.30 or below? The lower they drive the stock the further it supports this group fraud and scam. It just looks better for all the Regulators to prove their fraud. If this group had any intention of doing anything with this company they would most certainly be walking the stock up and not done.
Now let's put some facts out here that can be actually validated.
When Berthold was presented this project by Mr. Clark who had Injex presented to him by the Zouvas brothers, Injex was purported to have FDA APPROVAL, 5 MILLION DOLLARS IN EXISTING REVENUE AND A NOVEL PRODUCT. Non of which was True. The emails that I saw, had Lanham stating this, also stating that Injex had product inventory to sell and get rid of prior to releasing the new purported Injex model 50,if this guy was telling the truth where are the product sales that Mr. Wright has stated they had so much interest in, they apparently had product to sell according to the email I saw from Mr. Lanham ? MORE LIES!
There has not been any revenue, there is no FDA product approval, Injex did have what the FDA refers to as product clearance which is significantly different then having a classification of FDA APPROVAL. In order to have FDA APPROVAL and you can read about this, it takes years, substantial amounts of monies, repitious clinical trials etc. Injex's syringe was tested on a chicken breast in 2002 and was compared to other products on the market at that time so consequently this product never was NOVEL as presented to Berthold. The FDA does not tolerate companies or individuals making false statements about this.
This is simply flagarent fraud!
Can anyone imagine the liability of a doctor or a medical facility using this product on a patient or client based on the belief that the product had formal FDA PRODUCT APPROVAL and then found out or was informed by a client or even worse then that, someone experienced a negative result. This is way beyond FRAUD by this entire group. They are playing with peoples lives and well being.
Berthold and every shareholder has been presented with a completely fraudulent situation.
What I have just stated is completely able to be validated not only with the FDA but also with support documents.
Wait until the AMERICAN MEDICAL ASSOCIATION is presented with this information that I have heard Berthold is or already has presented to them.
How would you like to be one of the groups that invested in INOL based on them having FDA PRODUCT APPROVAL and finding out that it was all FRAUD?
Then this entire crooked group has the audacity to issue a 3 million dollar private placement memorandum under these same fraudulent parameters. This makes anyone else in the microcap arena look like saints compared to these criminals. REMEMBERING THAT THIS PRODUCT SUPPOSEDLY IS TO BE USED TO HELP SAFE LIVES OF PEOPLE WITH DIABETES ESPECIALLY CHILDREN. CAN YOU IMAGINE USING THIS ON YOUR BODY FOR COSMETIC PURPOSES, DENTAL OR WORSE, OUR PETS WITHIN THE VETERINARY COMMUNITY. THESE ANIMALS ARE TOTALLY INNOCENT.
You cannot really blame Berthold for doing it. This group with INOL has taken full advantage of everyone, not willing to negotiate with the Plantiffs, not paying their law firm, not reporting the 2 company name changes in 2017, stating that preferred shares do not exist because there was not a paper stock certificate when Manhattan Stock Registrar Company shows on their own stock issuance journals that the preferred shares are held in book entry which equates to this groups cancelation of the preferred series B and D shares as being totally illegal and constituting criminal fraud. Then they convince some how Thayer O'Neil, SEC AUDITORS to opine in their July 2016 annual filing that the preferred shares were canceled when first off they can not be canceled after they were issued, they did exist according to the TA REPORTS and there was no filing with the State of New York regarding this. Now, anyone wish to explain to the world how this group obtained that opinement from the auditors?
Then you bring in the 2 sworn affividavits from Beam and Lanham that are on file.
Beam stated that the only reason Berthold issued the stock to all of the plaintiffs was to maintain control, which so ridiculous for anyone to believe. All one has to do is add the the issued stock to the plaintiffs up and compare that to the preferred shares Berthold had and you can clearly see that Beam PERGERED himself and was lying just to attempt to make Berthold look bad. Then Beam states that the company had invested a million plus dollars into INOL to clean it up, interesting that none of theirs financial filings or any other filings with OTC MARKETS remotely support this, once again Beam PERGERED himself under his own sworn affividavit just to try and make Berthold look bad. Now Lanham, he stated under his sworn affividavit that the preferred shares were canceled, did not exist, the Judge himself called this to ParkerPoe's attention, once again Lanham PERGERED himself under his own sworn affividavit as an attorney just once again to try and make Berthold look bad.
Now there are some that will say this is not true but the way anyone can state this information is not true is because they have not researched it or have chosen to continue with the abundance of false reporting that has been posted on this site.
Glad to hear that you have/had so much knowledge about what Berthold and company were doing that enables you to make comments like this.
What is there to share? Nothing about INOL.
You are correct!
What goods and services? They have no audit cost, no products for sale, no marketing, they have a website and that is it
Maybe you can enlighten us all with you wisdom and reading aptitude.
Interesting, where did you read that Berthold stripped the company and left it with only debt?
You filed the employment agreement but once again you have no FACTUAL KNOWLEDGE of what Berthold lived on.
Once again, all speculation and no facts.
Just because there is an employment agreement does not mean they issued themselves stock and traded any or lived off of anything that they may have made prior to INOL.
So once again, all speculation and no facts.
Beyond ridiculous!
What you have stated here includes the issued and outstanding. In order to be accurate in your statements you need to have had access to the TA stock reports and maybe you did but I seriously doubt it or you would report the actual facts.
Your stock view that you presented reflects what occurred from 1998 on. Berthold did not get involved until 11/2009
Once again, I believe that you need to research your facts prior to starting anything publicly.
They never traded any and whatever Berthold, I do not know about his ex wife had when he executed the SPA agreement with Lanham, went to Lanham and his common shares were reduced to around 2000 after the stock reverse.
So whatever happened you are definitely looking in the wrong area.
If you will check your facts, you will quickly find out that Bertholds never traded any stock that they had or have.
There are many other situations that have evolved with inol over the past 18 months that certainly have and will garnish the of the SEC along with Ontario and Alberta Securities Commission.
Watch what this current group does with the stock price this week, then we will see Finra and the SEC jump in as they should.
Unfortunately for him for either of them that had salaries filed with the SEC, which most executives never do, they did not receive funds from that filing, FACT!
I agree the current damage is all that is relevant.
But you still have no ability to state what Berthold did or did not do. Your opinions are not for these sites, just facts.
Like what is going on with INOL currently. What it tank more tomorrow. The only good thing about what they are do is it flags the company and its participants with the regulatory agencies.
How do you how that he was living off of anyone's funds?
If you do not know that for fact, it is rather ridiculous for you or anyone to make those types of comments.
Maybe you are his ex wife which is the only individual that would actually know about that.
Once again, simple facts from fiction!
You also need to remember that this current group came into INOL with a marketable product from day one that had been out since at least 2002 and have not generated anything, except to burn money. Berthold was always was involved in RD, working to develop products and technology to bring to the market.
Very big difference no matter who you are or what company you have.
No one is putting Berthold on a pedestal, but you cannot locate where he blew through over $700,000.00 in 6 months and zero funds left, no product sales, no marketing, non reporting and considering bankruptcy
They certainly are getting things done on a non reporting basis which means nothing.
If you notice the TA has not certified any of the share issuances, why might that be?
Yes, things are so much better since Berthold left, company stock is tanking, not losing pennies but dollars, no revenue, no sales and they took in approximately $717,000.00 over the past few months and where has it gone except into their personal pockets?
How long ago did the check bounce?
That is where I think they want it to go.
Still curious if the TA has been paid, if not bankruptcy next.
Very simply, right off of INOL'S filings with regards to the approximate $717,000.00 they took in over the past 6 months or so, directly off of court filings and the FDA website if you know how to navigate it and read.
All facts!
You are ABSOLUTELY CORRECT and it goes far beyond that.
Keep laughing, you will see!
LMAO
It would be interesting to see if the TA has been paid, since this group did not pay their law firm in North Carolina and that law firm is no longer representing INOL and they were a large hot shot law firm from what I read.
Well, I guess we are still experiencing that from this group as well but much more dramatic with this group then ever with Berthold
I am not going go as far as you making those comments but what this group has and is doing goes beyond disgraceful. At least Berthold kept it a reporting company, what has this group done regarding that? Especially after their statement about the Maxim Group and wanting to become fully reporting and moving to another exchange, what a joke.