CardioVascular BioTherapeutics (fka CVBT)

[walhall]

THIS IS WHY CVBT IS HEADED FOR LIQUIDATION IN MY OPINION

OK everyone, we have Exhibit A for why CVBT is in my opinion doomed and why I believe its liquidation is inevitable and just around the corner. Take a look at message #1003, which I'll refer to as Exhibit A. Where CVBT's CEO is accused by the U.S. government of allegedly stealing $14 million from the company he ran into bankruptcy (Tauren Exploration) before becoming CEO of CVBT, and then allegedly falsifying documents to cover up his alleged theft, CVBT's supporters (or leadership?) are seeking to confuse the issue and in various anonymous identities keep stating inaccurately over and over again that this isn't FRAUD, it's fraudulent conveyance (as if "fraudulent conveyance" is something good for you or something to be proud of). FRAUD is FRAUD is FRAUD, especially when the U.S. government is making the accusation and especially when it involves an alleged HUGE theft, alleged falsifying of documents and submitting them to the court as if they're legitimate when they're not, and an alleged coverup. Being accused by the U.S. government of allegedly stealing $14 million is not something one should be taking any victory laps over.

And I love the frequent anonymous comments that the case is going to be "settled." What a joke. Exhibit A author, have you actually READ what the government claims and the evidence it lays out? The only settlement I can imagine the U.S. government will accept is one that ends with a guilty plea and a forfeiture of assets to avoid the public embarrassment of a trial (or mauling as the case may be). Why would the U.S. government want to otherwise settle a case where they have what appears to be airtight evidence, and forensic accountants who will testify to the fraud and coverup they discovered (i.e. professionals whose job is to find these sorts of misdeeds)? It's easy to say "there will be a settlement" because those are just words anonymously being thrown about. There's exactly ZERO EVIDENCE any such settlement is in the cards unless it involves a total capitulation by Mr. Wallen. In fact, it's obvious to me there will be no such settlement, because it's amply clear to anyone paying attention that this trial is just the first step in a larger process that will be followed by a referral for criminal prosecution once the civil conviction is obtained, and then a referral for an IRS criminal investigation into tax evasion. I am not a lawyer and the only perspective I have is from reading publicly-available documents, but it's extremely difficult for me to see how this ends well for Mr. Wallen.

The bigger question is, does CVBT have an actual functioning Board of Directors? Can you name me ONE OTHER BIOTECH COMPANY where the CEO is accused by the U.S. government of stealing a huge sum of money from his former company and yet the Board of Directors has left him still in charge and running the show, and the Board has not acted to protect the company from what's likely to play out? Yes, we are all innocent until proven guilty, but the Board has responsibilites to protect the COMPANY, not just the CEO. Why has Mr. Wallen not been asked to step aside until these matters are settled, and bringing in an acting CEO for this interim period until Mr. Wallen is either cleared or convicted? I have to assume the Board of Directors has read the government's claims and evidence against Mr. Wallen as some of us have, which as I said earlier reads like a legal mauling. In my opinion, there is no excuse for the Board of Directors not stepping up and doing their job, which it to protect the SHAREHOLDERS above all.

And for sure if I were an investor, I wouldn't even consider looking at a company where the CEO is accused of stealing money from the last company he ran into bankruptcy. What rational person would touch that????

It seems to me the Board is not doing its job, and I have to imagine there will be consequences to that. I hope CVBT has good Directors Insurance for its Board of Directors. While I'm not privy to any particular activities of any particular parties, it seems to me there's a case for gross negligence by the Board of Directors of CVBT. But this is beyond my pay grade--who knows for sure?

If you haven't already read it, be sure to take a look at my post yesterday on the CVBT disinformation campaign that is being waged, with links to more information about the government's fraud case against Mr. Wallen and other challenges CVBT is facing:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=150507722