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Wednesday, May 17, 2017 6:10:14 PM
Post# 45793
"Ken [Teknus] told [John] Quincey [Moaning] that he had two guys in mind as possible candidates to be the CEO of BLDV; these two people were Thomas J. Parilla (Tom) or Cleve Tsai. "
Seriously???? Teknus had the nerve to recommend Parilla as CEO of BLDV with this going on???
U.S. SECURITIES AND EXCHANGE COMMISSION
Litigation Release No. 23479 / March 3, 2016
The SEC's complaint against Fortitude Group, Inc. and its CEO, Thomas Parilla, filed in federal court in Pennsylvania on February 29, 2016, alleges that:
Between February and March 2014, Fortitude and Parilla made materially false and misleading statements in various publicly-disseminated press releases and a financial report concerning Fortitude's purported efforts to enter into the rapidly growing legal marijuana business industry.
The press releases falsely described Fortitude as having successful marijuana-related partnerships and operations, including claims about its issuance of a Discover-branded debit card and distribution of vaporizers to marijuana dispensaries.
Fortitude and Parilla falsely represented in a company financial report that Fortitude was earning revenue from the purported marijuana business.
Fictitious Subsidiaries
In a February 21, 2014 press release, Parilla announced that “after extensive research [Fortitude had] decided to set up a Medical Marijuana company within [its] Medical Subsidiary.” The Company further announced “the formation of three new majority owned subsidiaries[:] Fortitude Healthcare, Fortitude RE, and Fortitude Technology…with Management Teams [consisting] of seasoned professionals.”
In fact, the Company had not formed these subsidiaries at the time of the February 21, 2014 press release or anytime thereafter.
(more)
https://www.sec.gov/litigation/litreleases/2016/lr23479.htm
SEC Complaint, Fortitude Group
https://www.sec.gov/litigation/complaints/2016/comp23479-fortitude.pdf
As of March 2017 --"Ex-Erie penny stock company found in default-- SEC still pursuing civil case against CEO [Parilla]
http://www.goerie.com/news/20170304/ex-erie-penny-stock-company-found-in-default
Surely BLDV "consultant" Kenneth Teknus knew this was going on when he recommended Parilla. Surely he knew about the outrageous marijuana scam perpetrated by Parilla
My "opinion" is as valid as your "hearsay"
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