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Re: solidus370 post# 9210

Monday, 02/08/2016 1:32:38 PM

Monday, February 08, 2016 1:32:38 PM

Post# of 10033
But if it is anything like BVAP through Seth Shaw's TAUG-related "debt conversion" activities in 2013, the BVAP shareholders will get creamed with much greater dilution, as the debtors are paid with company shares and bonus shares are added to encourage the debtor to accept the transaction! 500 MILLION to 8 BILLION! 8 BILLION...Unbelievable! Under Shaw's watch, TAUG only needed to go from 1 BILLION to 2.5 BILLION! The stated underlying logic looks to be "who cares, its only Authorized Shares, not issued and Outstanding Shares"! Yeah right! Any wagers on how many of these new shares will become "Outstanding"? Just a guess, a bunch of the newly Authorized Shares will land in the hands of the Comitos, the financiers, who have a long relationship with BVAP's interim CEO, Seth Shaw. Did the Comitos' BVAP financial participation come as the result of Seth Shaw, the company's then VP of Strategic Planning and "Money Man", arranging the deal? How about all of the other financing arrangements that now will be addressed by issuing more BVAP shares? It is probably very safe to assume that Josh Kimmel did not do all of the BVAP debt deals on his own! IMO...based upon Kimmel's history, he was incapable of finding the money sources, arranging the terms, and showing the backers the money would be "safe" under his guidance! Who was better qualified to do it? Just a guess, if Shaw was involved, the financiers, including the Comitos, are going to hold the Interim CEO's feet to the fire to get their money back!