In Ovations Holdings Inc. (INOH)

[DJ Ponder]

Ray Krapsitus sounds like a real piece of work.

Ray Kripaitis has been on the INOH list of convertible noteholders alongside his buddy, Goldy, for years on end. It turns out he WAS a broker who was BARRED by the SEC due to a nasty little con game he played on clients. He negotiated a secret arrangement with the then president of a publicly traded entity under which they were to receive one share of stock for each five shares sold to their unsuspecting customers. The SEC was alerted to the scam, Ray Kripaitis was fined and BARRED.

Although the SEC waived disgorgement based upon Kripaitis' financial inability to pay, he's consistently been an INOH convertible noteholder for years - it appears he's now found a way to make money off unsuspecting shareholders. Unfortunately all of these underhanded INOH shenanigans are very REAL.

Another dirtbag BARRED BROKER must think he knows it all.