CardioVascular BioTherapeutics (fka CVBT)

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The Accurate Story Behind the Tauren/Calvin Issue

As many of you know Calvin is a self made - Texas Oil Guy. He began when he was just a kid and worked his way up to own many different oil companies over the years.

Years ago Calvin/Tauren was interested in acquiring some very valuable leases from Gloria's Ranch. There were various leases within Gloria's Ranch, the valuable ones however were discovered to be owned by the Grandmother of the family. So Calvin instead was working a deal to buy the Grandmothers instead of the entire entity and avoid the worthless properties. The son who owned the worthless properties became angry that his worthless properties were being excluded threatened to have his mother refuse to sign unless Tauren/Calvin did a deal for the whole thing.

The valuable leases were well worth the price so Tauren/Calvin did the deal.

Years later and after various disputes and threats Tauren/Calvin no longer wanted anything to do with Gloria's Ranch. He was advised by counsel to file Chapter 11 to reorganize Tauren.

Three years before this Tauren/Calvin transferred liquid assets from the company to another entity. Gloria's Ranch wants their hands on that money hence the lawsuit. However the crux of this is that liquid assets were moved to a different entity years before Tauren filed for reorganization. The issue before the court is was this a fraudulent transfer definition of Fraudulent Transfer?

The courts will decide, but my money is on Calvin/Tauren, he seems to win most of his cases and appears to have a kick ass legal team.

Let's not forget the reason Calvin is involved in CVBT! He made a huge investment, that he didn't want to go down the toilet. I am sure a Texas Oil man never had any intention of leading a biotech company!