PENNY GREEN AND DEAN—MANTRA VENTURE
Green is listed on the 2007 SEC filings for alternative energy company Mantra Venture Group Ltd. Mantra and Novori share at least one investor in common, and Faiyaz Dean owned 10,000 pre-IPO shares.
In 2003, Mantra’s president Larry Kristof was physically present in a minivan when Bellingham, Wash., police seized $29,000 from it. The money was suspected to be the proceeds of drug trafficking. (The civil forfeiture proceeds can be found here and Vancouver Sun article about it is here.) Note that the Vancouver Sun says this is the same guy, even though they spell his name differently.
Additionally, Kristof was previously the president for Lexington Energy Services Inc., whose filing was also done by Green. Green was also an option holder in this company. It too has shareholders in common with Novori, including Scott Lower (who was accused of the Novori stock hype).
Dean and Kristof were also pre-IPO shareholders in Park Place Energy Corp. This company started out as a website “which sold video clips of tennis lessons” and then turned into natural resources exploration company. One of its former directors, Oxana Avdasseva aka Advasseva aka Avdaseva was a pre-IPO shareholder in Mantra, Novori and Lexington. Oxana Avdasseva is believed to be related to Elena Avdasseva who was also a Park Place owner and as Vancouver Sun reported, worked for Scott Lower. (Her recently terminated dealer registration is here.)
Kristof also shows up in a subscription agreement attached to the initial registration for Green Bikes, the Dean-registered company that had to abandon its initial business proposal because it didn’t realize that potholes and bikes don’t mix.
