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Friday, December 26, 2014 7:44:57 PM
I am sure Turner has reported tax issues under the Whistle Blower regulations of the IRS. For example, if an officer named Jason has received x number of shares, unrestricted, he must report the income for services performed on the valuation date that he received the unrestricted shares. But the IRS will look into the specifics of this once he files his tax return. It is unclear how the Certs will be treated, since PVEC has always stated that the Certs were a GIFT and had a valuation of 20 cents each.
In regards to the Texas case, Quang versus PVEC/Peter Villiotis, this IMO will ultimately result in a judgement and subsequently Peter's personal bankruptcy. As we all know, Peter's representations to the court will likely result in perjury and possible fraud charges. We also know that their is no stature of limitations for fraud. IMO, Peter has "squirreled away major monies (possibly millions)from PVEC and its shareholders. Quang is going to be in the best position to collect.
I am sure Turner's accounting and investigative skills will assist in identifying assets.
Judgement Day is definitely coming....Truth, Justice, and the American Way...no one will be able to stop it.
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