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Saturday, January 12, 2019 4:03:21 PM
This fraud, run by Managing Principal, David P. Smoot, signed an M.O.U. with Carl to grow GKG in Arizona and build green energy utilities fed by GKG.
I called 'B.S.' within minutes of doing basic due diligence. Of course, I was called all sorts of names, a liar, etc.
Well, June 11, 2018, David P. Smoot and his wife, were brought up on FRAUD charges before the Arizona Corporate Commission. Here is the link: http://images.edocket.azcc.gov/docketpdf/0000189082.pdf
Last line from page 4: Even though they raised over $6 million from investors to operate the Business and frequently described their operations as involving active, operating Utilities, Respondents' Business remained only a model: Respondents never designed, financed, developed, built, or operated any utilities.
Subsection 48, page 9: Smoot's purchases of items for personal use...cigars & clothes, with shareholder money.
WHAT COMPANY DOES THAT SOUND LIKE???
Answer: VIASPACE!!! Carl & his wife, traveled the world on the shareholder dime. Carl & his wife bought a vacation home in Nicaragua with shareholder money, using the excuse "we're building green energy projects here."
And nothing has ever been produced by Viaspace. No projects, no operations, no revenues, no profits. Just tall tales from management.
Rule #1 is never lose money.
Rule #2 is never forget Rule #1.
My posts are my opinions only. Do you your own due diligence.
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