Canna Corp (fka CNCC)

[CashBowski]

Kramer suit against Dror Svorai/Davis/RCGR still active.

Folks can just look it up.

https://www.pacermonitor.com/public/case/23415696/Power_Up_Lending_Group,_LTD_v_RCGR_Sub,_Inc_et_al

Month or so ago someone here mentioned an attorney friend told them the suit was dropped, which made me LOL, but I didn’t look into it until Friday which shows it’s very much still active. Perhaps they spotted a different suit against Dror, as it's alleged in the recent update filled with the court by the plaintiff's attorney that both he and his brother Dekel may be up to no good, as usual...

Quote: It appears to your affiant, that both Dekel and Dror Svorai live at the premises but the house is in their father's name in order to avoid the judgements and tax liens against them. (copy below)

Between all the tax liens and toxic notes in 2 companies (RCGR and VPOR) it's hard to keep up.

Here’s what I’ve been able to dig up through public records...

Regarding the Kramer suit, after the extensive research report submitted to the court by Kramer's attorney on all the monkey business, Svorai has requested and was granted an extension to May 1st (see case history below)

If anyone wants to see exactly how shady they are, buy an electronic access service to public US court documents and read the attorney letter (item #10 highlighted in case history below) with multiple evidentiary exhibits attached, and the reason why the attorney produced those. I've attached a couple of snippets, but you can read the entire file online.

This is likely going to cost a bundle in plaintiff's attorney fees and research costs, payable of course in toxic paper financed by shareholders...just because Dror allegedly tried to evade the legal system and his obligations for a few thousand dollars -- now multiplied by tens of thousands.

I nearly forgot, it's also alleged in the same document that Dror has another identity with a similar name -- Doron Svorai.

That however is odd since I recently discovered the identity behind a judgement filed against VPOR bears that name, who I assumed was another brother -- who recently filed a suit against VPOR and negotiated a $860,000 settlement by way of section 3(a)(10) to be issued unrestricted shares, that's likely why the price over at VPOR has been in a death spiral ever since then since those shares are issued at a whopping 55% discount. So, who is it? Is it Dror's alleged 2nd identity that sued his own company and diluting or is it another brother, who by the way is alleged in the Kramer suit to use the same address as Dror? Sigh, your guess is as good as mine, but I'm leaning on the brother angle, but anything is possible with these scumbags...

Regardless, coincidentally (was it really?) Dror Svorai steps down as CEO of VPOR shortly before the suit is filed by Doron Svorai, and Yaniv Nahon didn't seem to hesitate to sign off on the ~$860k settlement which was a couple hundred grand on top of the original principle in lickidy split to get those free trading shares issued... 45 days or so from when it was filed to settlement -- not like a typical suit that takes months, sometimes up to a year if not longer to settle.

Little insight on the sort of schemes that rely on section 3(a)(10):

3(A)(10) FINANCING: NEW PREDATORY FINANCING USING THE SECURITIES ACT
Thomas S. Glassman
ABSTRACT
The Section 3(a)(10) exemption of the Securities Act of 1933 is meant to exempt securities transactions where a fairness hearing by a judge or government agency’s ruling replaces the usual SEC registration requirements. Recently, there has been a rise in 3(a)(10) financing schemes, where a third party investor, what I call a “3(a)(10) financier,” will offer to purchase the outstanding debts of a company from its creditors in exchange for discounted, and unregistered, shares of stock. In many cases these exchanges are done with no notification to current shareholders whose value falls precipitously when the 3(a)(10) financier begins not only selling, but through a common clause in these 3(a)(10) financing contracts, also demanding that the company issue more shares to them at any time. The companies who work with 3(a)(10) financiers have, in some cases, become complicit in the scheme in order to hide these transactions from investors who provide the liquidity for the 3(a)(10) financier sell-offs. I conclude that the SEC needs to provide updated guidance on Section 3(a)(10) as well as bring significant enforcement actions to curtail this budding preda-tory finance scheme...

https://repository.law.umich.edu/cgi/viewcontent.cgi?referer=https://www.google.com/&httpsredir=1&article=1039&context=mbelr

Since you're paying for access to public court records, you might as well look up D&D Capital Inc, v. Vapor Group, Inc.

The suit alleges Dror Svorai took out over $600,000 in 4 separate notes (not counting millions more in other unrelated toxic notes to The company) through VGR Media which you know is a company he and Yaniv Nahon created out of thin air, racked up the 1st $75k note in American Express charges, majority of which was charged in a single month (attached an example page below) and then merged it with Vapor Group and proceeded to sign 3 more notes with Doron Svorai as the financier, each with 18% interest and 3 of which had a 80% conversion rate (unbelievable!) + 10% annual renewal fee -- meanwhile as if that wasn't enough pillaging for the dynamic duo, to top it off they issued themselves a sh!tload of preferred shares as payment LOL... now there’s a bogus spin-off to primarily benefit insiders that hold hundreds of thousands of Series B preferred shares that convert to millions of common RCGR shares, while common shareholders end up with a bag of circus peanuts...1:5000 vs 500:1.

That's how Nahon exerted his fiduciary duty to his shareholders, by negotiating an asset sale that was valued at $12M to what appears to substantialy benefit insiders, and that includes Svorai’s series B shares in VPOR that convert to millions of RCGR shares!!

By the way, it appears they also incorporated Vapor Group in the state of Maryland for the purpose of the D&D/Doron Svorai lawsuit (copy from state of Maryland SOS below).

If anyone's looking up the Doron/D&D case, make sure to scroll down to the bottom of the 1st of 4 notes ( $75k note) that was filed with the suit. You'll find the details of the American Express statements attached, which in addition to Doron's charges, you'll find multiple cards were issued to different Doron Svorai’s with various suffix’, e.g. Doron Svorai VIII, Doron Svorai X, Doron Svorai IX (you get the picture) and one to "Doran Svorai" -- all of which was primarily used for ads, until you get to Dror's charges as a cardholder and the largest spender, which (amongst other expenditures) includes travel, thousands in dining, shopping, cars, medical spa, and thousands spent at Miami Fontainebleau Hotel "Liv" nightclub? (see example page below)

Someone needs to explain to me how the heck do you rack up more than $4000 in one night at a nightclub, AND, turn around and do it all over again a few days later, and then a few days after that and so on!! I guess when you're spending someone else's cash then the sky's the limit! The more the merrier for the supposed lender since he gets to recoup every penny at an obscene premium, and guess who pays the ultimate price?

After multiple scam public companies with a similar pattern, I can't help wonder what will be the fate of RCGR!





D&D Capital (Doron Svorai) vs. Vapor Group