CardioVascular BioTherapeutics (fka CVBT)

[walhall]

Clarification – CVBT’s CEO indicates creditors cutting CVBT off

Re-reading my last post (#373) that the CVBT bankrtupcy has not been dismissed and is in fact advancing, I just wanted to clarify a key point.

To be clear, it's not the judge who is speculating that CVBT's creditors are cutting the company off and demanding cash, this is from a statement made to the court by Cardiovascular Biotherapeutic's Chairman and CEO, Calvin Wallen III. Quoting from page 5, first paragraph of the judge's 10/10/2018 ruling denying that the case be moved to Dallas from Las Vegas:

Wallen attests that certain creditors have suspended credit with CVBT as a result of the involuntary proceedings and that its ability to conduct business has been significantly impacted.

Here is a link to the judge's decision:
https://www.nvb.uscourts.gov/downloads/opinions/mkn-18-15410-cardiovascular-biotherapeutics-inc.pdf

My point is to clarify that reports of CVBT's current dire condition are not speculation from the judge or third parties, but rather directly from CVBT's CEO and Chairman, Calvin Wallen III, himself.

Here are the links to the bankruptcy case court records:

https://www.inforuptcy.com/filings/nvbke_375552-2-18-bk-15410-cardiovascular-biotherapeutics-inc

https://businessbankruptcies.com/cases/cardiovascular-biotherapeutics-inc

https://app.courtdrive.com/filings/nvbke_375552-2-18-bk-15410-cardiovascular-biotherapeutics-inc

https://www.pacermonitor.com/public/case/25603612/Cardiovascular_Biotherapeutics,_Inc

Also, the CVBT bankruptcy case is linked to the lawsuits and upcoming fraud trial of Calvin Wallen III, the Chairman and CEO of Cardiovascular Biotherapeutics (CVBT), in early 2019 for allegedly having stolen $14 million from Tauren Exploration Inc.

Tauren Exploration, Inc. Liquidating Trust vs. Calvin Wallen III:
https://www.pacermonitor.com/public/case/24021776/Tauren_Exploration,_Inc_Liquidating_Trust_v_Wallen,_III

Tauren Exploration, Inc. Liquidating Trust vs. Pandale Holdings, Inc. et. al:
https://www.pacermonitor.com/public/case/24021775/Tauren_Exploration,_Inc_Liquidating_Trust_v_Pandale_Holdings,_Inc_et_al

Tauren Exploration, Inc. Liquidating Trust v. Fossil Operating, Inc. et al:
https://www.pacermonitor.com/public/case/24021777/Tauren_Exploration,_Inc_Liquidating_Trust_v_Fossil_Operating_Inc_et_al