DD Support Board and Research Team

[nodummy]

CYPE/WSML/BTHI/AXMP - Yes Milost Global Inc is nothing but a fraud. They put out all of these press releases (mentioned in this post) about "term sheets" for large amounts of financing that they do not have.

But now evidence is surfacing that companies that Milost Global Inc signed bogus term sheets with were not even real companies. They were just fake companies invented by Milost Global Inc to help create the false public image that they are a financing company with large amounts of capital.

The first non-public company that Milost Global Inc announced a deal with was Tec CTL Inc on June 12, 2017

http://globenewswire.com/news-release/2017/06/12/1017953/0/en/Tec-CTL-Receives-a-Good-Faith-Draw-Down-Under-a-Working-Capital-Facility-After-Executing-a-Binding-Commitment-Letter-With-Milost-Global.html

NEW YORK, June 12, 2017 (GLOBE NEWSWIRE) -- Tec CTL, Inc., a New York-based integrated oil & gas Company announced today that it HAS signed a binding commitment letter with Milost Global, Inc. for the $3 billion working capital facility and both the Company and the investor will be working on the closing documents.

A term sheet for $3 billion in financing that Milost didn't have and never delivered.

But check this out. The Tec CTL Inc website at tecctl.com was created by Palewater which is the sister company to Milost Global Inc (also run by Brian Kistler and Mlanda J Gwadiso)



The domain which doesn't even exist any more was set up by Palewater just days before the bogus press release was published.

The following domains all share the same IP and were all set up by the same person/group:

http://palewaterrealty.com 2017-05-07 tucowsdomains.com
http://tecctl.com 2017-05-30 tucowsdomains.com
http://palewateradvisory.com 2017-06-20 tucowsdomains.com

Also look who was the representative for Tec CTL Inc in the press release for this bogus financing - Darlene Aulder:

https://djiboutinewsgazette.com/tec-ctl-signs-a-3-billion-working-capital-facility-with-milost-global/




Darlene Aulder was a Milost employee. I remember her from the Milost filings when Milost Global Inc acquired the Precise Acquisition Corp blank check company from Thomas DeNunzio

https://www.sec.gov/Archives/edgar/data/1701874/000158258617000049/precise_14f1.htm

Ms. Darlene Aulder, Age 27- Secretary, Treasurer.

Background of Darlene Aulder

From 2015 to present, Darlene Aulder has been the corporate secretary at Milost Global, Inc., a NY based private equity firm. From 2012 through 2015, Darlene Aulder was a corporate assistant secretary at Milost Advisors Inc., a New York investment banking company. On September 1, 2017, Ms. Aulder was appointed corporate secretary for Primewaterview located in NYC. Ms. Aulder’s responsibilities and duties as corporate secretary include managing all board and committee meeting logistics, attend and record minutes of all board and committee meetings; facilitate board communications and maintain key corporate documents and records.

How interesting is that. Not only did Milost employee Darlene Aulder represent Palewater's made up company named Tec CTL Inc, she was also the corporate secretary for Primewaterview Ltd.

PrimewaterView Ltd was yet another private company that signed a term sheet with Milost Global Inc for bogus financing on September 25, 2017

http://globenewswire.com/news-release/2017/09/25/1132189/0/en/Primewaterview-Announces-the-Execution-of-the-Milost-Term-Sheet.html

LAGOS, Nigeria, Sept. 25, 2017 (GLOBE NEWSWIRE) -- Primewaterview Limited a Nigeria based Real Estate Development & Investment Firm is pleased to announce that it has executed a $2 billion prelisting financing term sheet with Milost Global Inc (the "Investor") to fund its development projects in Nigeria. The financing is expected to be comprised of $1.3 billion in equity capital and $700 million in debt. Milost will also finance the total cost of the IPO for the company on the Nasdaq. On this transaction, Primewaterview Limited was advised by its lead advisor Palewater Advisory Group Inc through its Johannesburg office.

Later PrimewaterView was brought back into the picture to help pump the Williamsville Sears Management Inc (WSML) share price through a "letter of intent"

https://globenewswire.com/news-release/2018/04/10/1468071/0/en/Williamsville-Sears-Executes-an-LOI-to-Acquire-PrimewaterView-Ltd-From-Milost-Global-Inc.html

But surprise surprise, the Primewaterview website is suspended

http://primewaterviewholdings.com/

Here is what it looked like in 2017 before it got suspended

https://web.archive.org/web/20170728050540/http://primewaterviewholdings.com:80/


I think maybe I have to go through all of the Milost press releases announcing term sheets for non-existent financing to see what other red flags come up. All good information to add to my updated research report I will be working on soon.

Mediwell Holdings (Pty) Ltd - June 20, 2017
http://globenewswire.com/news-release/2017/06/20/1026459/0/en/Mediwell-Holdings-Engages-Palewater-Advisory-Group-as-It-Seeks-Growth-Alternatives.html

Eco Medical Village Ltd - July 10, 2017
http://globenewswire.com/news-release/2017/07/10/1042090/0/en/Eco-Medical-Village-Limited-Signs-a-300-Million-Term-Sheet-with-Institutional-Investor-Milost.html

Herman Trading Limited - September 7, 2017
http://globenewswire.com/news-release/2017/09/07/1114354/0/en/Herman-Trading-Limited-Guinea-in-conjunction-with-The-Guinea-Government-Ropes-in-a-US-Based-Firm-to-Develop-the-150-000-bpd-Bofa-Refinery-Plant.html

Mau Wing Industrial Limited - October 9, 2017
http://globenewswire.com/news-release/2017/10/09/1142869/0/en/Mau-Wing-Industrial-Signs-a-100-Million-Financing-Term-Sheet-With-a-New-York-Based-Funder.html

River One Resources Limited - October 9, 2017
http://globenewswire.com/news-release/2017/10/09/1142902/0/en/River-One-Resources-Announces-a-500-Million-Financing-Term-Sheet-With-a-New-York-Based-Funder.html

IDS PNA Pte Ltd - October 30, 2017
http://globenewswire.com/news-release/2017/10/30/1160134/0/en/IDS-Signs-a-Financing-Term-Sheet-With-Milost-Global.html

Kings Pride Properties Limited - December 5, 2017
http://globenewswire.com/news-release/2017/12/05/1229400/0/en/Kings-Pride-Announces-the-Execution-of-the-Financing-Commitment-Letter-With-New-York-PE-Firm.html

Femab Properties Limited - December 19, 2017
http://globenewswire.com/news-release/2017/12/19/1265914/0/en/Femab-Properties-Receives-the-Initial-Drawdown-of-10-million-from-MESA-Fund-1.html

Royal Systems & Services Limited - February 14, 2018
http://globenewswire.com/news-release/2018/02/14/1347835/0/en/Royal-Systems-Announces-A-Funding-Commitment.html

Japaul Oil & Maritime Services PLC - February 14, 2018
http://globenewswire.com/news-release/2018/02/14/1347855/0/en/Japaul-Locks-Horns-With-New-York-Based-PE-Giant.html

Resort Savings & Loans PLC - February 26, 2018
http://globenewswire.com/news-release/2018/02/26/1387531/0/en/Resort-Savings-Loans-Executes-A-Binding-Financing-Commitment-With-A-New-York-Based-Africa-Friendly-PE-Giant.html

Iberto Cement Company Limited - May 24, 2018
http://globenewswire.com/news-release/2018/05/24/1511317/0/en/Nigerian-Billionaire-Cletus-Ibeto-Closes-Financing-With-a-New-York-based-PE-Firm.html

Turner Wright Limited - May 24, 2018
http://globenewswire.com/news-release/2018/05/24/1511712/0/en/Turner-Wright-Limited-Executes-a-binding-Milost-Equity-Subscription-Agreement-with-a-New-York-Based-Africa-Friendly-PE-Giant.html


All press releases about term sheets and commitments for Milost to provide large amounts of financing and to date Milost hasn't provided a penny of financing to any of them.

Plus there was the Unity Bank fraud

Milost put out a press release in March of 2018 that they were going to make a $1 billion investment in the struggling Unity Bank Plc

https://www.proshareng.com/news/Debtors%20&%20Recovery/Milost-Plans-$1-Billion-Investment-in-Unity-Bank-Plc/38992

https://www.bloomberg.com/news/articles/2018-03-19/milost-is-said-to-plan-1-billion-investment-in-nigerian-bank

The offer quickly got the attention of the Nigerian SEC which began an investigation. And soon after Unity Bank PLC was criticizing the deal and Milost was backtracking by terminating the offer and passing blame all over the place for the failure.

https://www.dailytrust.com.ng/we-are-gathering-details-on-milost-unity-bank-saga--sec.html

Milost claimed it was approached in 2017 by Unity Bank’s chief executive officer and chief financial officer over the deal.

“Following the call, a desk top due diligence was conducted by Milost to its satisfaction. On September 4, 2017 a $1billion financing term sheet was fully executed by both Milost and Unity Bank,” the statement said.

It also said “The facility, a combo of equity and debt, was provided on the exciting understanding that Unity Bank would delist on the Nigerian Stock Exchange and move its listing to the US” adding that the “The signed term sheet was approved by the board of Unity Bank.”

In a swift reaction, Unity Bank had refuted claims it signed a deal with Milost insisting that all that was between the parties was negotiations and not a deal, as it were.

Unity Bank Plc in a statement said it didn’t enter into a 60 per cent holding structure or a $1bn investment contract with Milost Global Incorporated.

The bank’s statement posted on the Nigerian Stock Exchange (NSE) website also said it didn’t at any time agreed to move its listing from the NSE to the U.S.

It said of Milost Global Inc. that it “is one of the prospective investors introduced to the bank by a local entity called Mayo BV.”

“It is not unusual that this introduction and expression of interests would involve some level of preliminary discussions and exchange of non-binding documentary communication between the intending parties towards establishing mutual foundation on which the transaction contemplated would be initiated” the bank had explained.

It claimed that “The “Term Sheet” dated Sept. 4, 2017 was just a “proposal” submitted by Milost Global Inc. “for discussion purposes only and not a commitment” by the two parties.

“No definitive documentation governing the proposed financing was executed,” it said.

https://www.vanguardngr.com/2018/03/controversy-consumes-milost-global-unity-bank-1bn-acquisition-deal/

https://www.businesspost.ng/2018/05/23/1b-deal-unity-bank-milost-global-probe-still-ongoing-sec/

https://investadvocate.com.ng/2018/05/22/sec-probes-1bn-milost-global-investment-unity-bank/



Milost also has a history of making offers/deals with public Issuers trading in the US that all amounted to nothing real at all.


They signed a financing agreement with Phi Group Inc (PHIL) in September 2016

http://globenewswire.com/news-release/2016/09/08/870525/0/en/PHI-Group-Secures-100-Million-Commitment-to-Finance-Acquisition-and-Growth.html

According to the PHIL SEC filings when PHIL tried to draw down $500,000 from the financing agreement Milost refused to deliver the money so the deal was terminated and PHIL took back stock they issued to PHIL as upfront payment for services that Milost was supposed to provide.




They signed a term sheet with Inspyr Therapeutics (NSPX) in March 2017 which ever even made it into the NSPX filings

http://globenewswire.com/news-release/2017/03/28/945867/0/en/Inspyr-Therapeutics-Signs-Commitment-Letter-with-Milost-Global.html

And of course there was the financing agreement they put together with Alexander MacGregor in which they tricked Alexander MacGregor into acquiring a worthless blank check company from Brian Kistler for $580,000 as the first step in Milost offering $100,000,000 in financing to Alexander MacGregor which led to Alexander MacGregor suing Brian Kistler and Milost for fraud

http://promotionstocksecrets.com/wp-content/uploads/2018/05/MilostGlobalLawSuit.pdf

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=141418337

And as I showed yesterday, Milost "founder" Mandla J Gwadiso has been fronting for Brian Kistler since at least 2013

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=141580851

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=141581239

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=141581706

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=141582161