Exactly—but interesting timing!
with aid of his bro Dror Svorai and CEO Yaniv Nahon pillage ~$900,000 from VPOR shareholders in convertible shares at 55% discount — in February 2018, Dror shuffles the bro-scam
over to this ticker (RCGR) by using Doron Svorai/D&D Capital to buy from Crown Bridge $39,250 worth of debt and he is immediately issued 2 million shares.
Quote: Then comes the week of 4/11/18... https://investorshub.advfn.com/boards/read_msg.aspx?message_id=139973046 That week
On February 16, 2018 the Company issued 2,000,000 shares of common stock valued at the conversion price of $0.01625. The shares were issuerd to convert $39,250 from certain Convertible Promissory Note, dated March 27, 2017 between Rich Cigars, Inc. and Crown Bridge Partners, LLC which sold the note to D&D Capital, Inc, who finally submitted the Conversion Note.
we all discussed my research (posts dated between 4/11-4/14) on Kurt Kramer’s case and how the Svorai brothers, in this case Doron Svorai of D&D capital along with the help of Yaniv Nahon had used a little predatory
legal trick used by shady shell companies (section 3(a)(10)) to go to court and collect almost a million dollars — convertible into unlimited number of shares.
Good read on Section 3(a)(10) schemes: https://repository.law.umich.edu/cgi/viewcontent.cgi?referer=https://www.google.com/&httpsredir=1&article=1039&context=mbelr
Shortly thereafter, I found a second pending lawsuit by yet another Svorai brother — Dekel Svorai of S&E Capital
running the same shady legal maneuver, especialy since the last one worked out like a charm, but this time turning a small amount of debt into nearly a million dollar payday, multiplied by 55% once he’s done converting those shares. There isn’t enough shares authorized to convert both Doron and Dekel’s winning lottery tickets
..... https://investorshub.advfn.com/boards/read_msg.aspx?message_id=140044154 2 days after our convo on 4/16/18 Doron Svorai has an epiphany.... the fishy soup was starting to stink up the place and smelling a little scammy — so he decides to return the 2 million shares to RCGR rather than go through with cashing in on his 2nd winning lottery ticket that could’ve netted a few hundred grand for $40k worth of debt (quote below) — notice he was issued shares at .01963. I’m sure folks can figure out how much those shares would’ve netted at today’s prices, or once the 180 day restriction was up....sigh
By this point it’s raining winning lottery tickets over at VPOR-RCGR headquarters for the Svorai clan — ~$2 Million dollars so far from VPOR, however since red flags were flying higher than birds migrating south they decided to take a breather from the pillaging, and what could only be described as ridiculously shady activity involving 2 public companies and 3 brothers aided by an unscrupulous CEO that signed off on both cases, without bothering to negotiate down the claims as any legit CEO would do with any lawsuit of that magnitude that without a doubt could be (is) devastating for their shareholders!
On April 16, 2018 the Company received as cancellation from D&D Capital Inc, 2,000,000 shares of common stock issued at the conversion price of $0.01963. The shares were issued to convert $39,250 of the principal amount, of the Note dated as of March 27, 2017 issued to Crown Bridget Partners LLC and then D&D Capital Inc acquired $40,000 of such Note.
Keep in mind in comparison, Kramer’s debt here was far less than $100,000 and according to court documents they were pursuing all sorts of tricks to avoid being served and drag out the suit as long as possible, as they do with multiple other lawsuits that’s been filed against them and the alleged tax evasion — but when it came to the Svorai clan it appears Yaniv actually negotiated UP and threw in the kitchen sink to the Svorai boys as consolation prize.
SMH. RCGR is VPOR 2.0. Just by a quick glance at the report and today’s news, I can tell Dror and Yaniv are running the same sh!t show and using it as their personal piggy bank — the same multi-subsidiary scam they ran in VPOR that blew up a small float up to multiple billions of shares, resulting in thousands getting caught in a death spiral that either took massive losses or are still holding heavy bags.
Dror also converted another 10 million shares to add to his 37 million he converted on the last report.
Since I’ll be stickying this post on the board — for those interested in more research into Dror-scams, they can search Fraud Research board that has posts going back some years for some insight into his prior public scams...ex: https://investorshub.advfn.com/boards/read_msg.aspx?message_id=100189985&txt2find=Svorai
And who could forget this little gem...”Securities Fraud Accusations”: https://seekingalpha.com/article/2113783-securities-fraud-accusations-and-misrepresentations-leave-vapor-group-up-in-smoke