CardioVascular BioTherapeutics (fka CVBT)

[walhall]

There's ZERO evidence that CVBT has raised $3 let alone anything more. And yes, SEC regulations apply to private companies raising money, not just public ones. As I understand SEC laws, had CVBT raised funds, an SEC filing would be required.

There have been no recent SEC filings for CVBT.

I'll be the first person to congratulate CVBT if there is an announcement of funds raised. But I highly doubt that will ever happen. Why? Because investors do not put money into companies where the CEO is accused of fraud by a Bankruptcy Trustee and is facing an upcoming trial where, if found guilty, he will likely be referred for criminal prosecution. CVBT's CEO Calvin Wallen III is accused by the Bankruptcy Trustee of Tauren Exploration, the company he was running prior to running it into bankruptcy, of allegedly stealing $14 million from the company. The U.S. Bankruptcy Trustee's office is involved, not just a local bankruptcy trustee, so that indicates how serious a matter this is.

Here is a link to the court documents in the Tauren case. Mr. Wallen's trial is scheduled for October 28, 2019:

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