CardioVascular BioTherapeutics (fka CVBT)

[GoneforDays]

LETS UNDERSTAND WHAT FRAUDULENT TRANSFER MEANS

as referred by another poster but chooses not to discuss.

https://en.wikipedia.org/wiki/Fraudulent_conveyance I hope this helps educate you.

Please take the time to read up on the case. It has been grossly misinterpreted for this board. The case referred to that a poster on this board keeps referring to has been extended by the petitioner (the trustee) who isn’t an independent party but is the same party as the creditor.

Judge Hale, a graduate of LSU, appointed the creditor, also a LSU graduate, as the trustee. More than highly unusual and certainly not independent. There has been no “forensic accountant” appointed by the trustee/creditor. This is more misinformation.

The background of the case is that Mr. Wallen who owned 100% of Tauren transferred assets from the company which he owns 100% of approximately 2 and a half years prior to the bankruptcy and that’s what the creditor is trying to claw back.

The reason for the continual extensions is that the creditor and Wallen are negotiating a settlement between them. That is what happens with a fraudulent conveyance case. I hope this helps educate certain people about what is going on.

Reread CVBTECH’s posts that explain things succinctly but the anti-Wallen person keeps conveniently ignoring time after time.

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=150474761

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=150474667

The information above comes from talking to people who are close to CVBT and then doing due diligence to prove it out.