CardioVascular BioTherapeutics (fka CVBT)

[walhall]

Unsubstantiated CVBT claims - is this fraud?

There are unsubstantiated claims that CVBT has raised equity at $3/share, even though there's exactly ZERO PUBLIC EVIDENCE this has happened. The company has said nothing. The only "evidence" is anonymous messages posted on this message board.

The matter could easily be cleared up, if it were true, with an announcement by CVBT. When biotech companies raise money, it's standard industry practice to publicly announce it. That's how it's done. But there's only been silence from CVBT. It’s clear that CVBT’s leadership reads this board and I believe posts here also, so it’s high time for CVBT to bring clarity to this matter.

Did CVBT raise equity at $3/share or not? If so, how much was raised? Until CVBT confirms all of this, the answers are actually NO and NOTHING.

Here is the definition of fraud: “a person or thing intended to deceive others, typically by unjustifiably claiming or being credited with accomplishments or qualities.”

It is a fact that Calvin Wallen, CVBT’s CEO, is being pursued for bankruptcy and other fraud by the Bankruptcy Trustee for Tauren Exploration. He is accused by the Bankruptcy Trustee of having allegedly stolen $14 million from Tauren, the company he ran prior to CVBT, and having allegedly falsified documents and submitted them to the bankruptcy court. The trial date is set for October 28, 2019.

Here are the links to the court records in these related cases:

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