InvestorsHub Logo
Followers 0
Posts 294
Boards Moderated 0
Alias Born 09/15/2016

Re: johnnyblades2001 post# 706

Tuesday, 04/09/2019 7:26:31 AM

Tuesday, April 09, 2019 7:26:31 AM

Post# of 3648
There's ZERO PUBLIC EVIDENCE CVBT has raised equity. No SEC filings. No public announcements. No investors making public announcements of investment in CVBT. Nada. Nothing. Zilch.

And let's think logically - who would put a penny into a company that is hugely insolvent, whose CEO is facing a trial in October 2019 brought by the U.S. government (not simply some aggrieved third party) for bankruptcy and other fraud, and who upon conviction is likely to face criminal prosecution referral, and where there's major leadership turnover which signals to any investor that there are serious problems within?

So where does CVBT get the funds to pay for its various lawsuits if not from new investment? I believe the Bankruptcy Trustee for Tauren Exploration might have an idea or two. The Bankruptcy Trustee alleges that Calvin Wallen stole $14 million from Tauren Exploration, the company Calvin Wallen was running prior to CVBT. If true, that would fund an awful lot of lawsuits.

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
Join InvestorsHub

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.