CardioVascular BioTherapeutics (fka CVBT)

[walhall]

CARDIOVASCULAR BIOTHERAPEUTICS (CVBT) TO SHUT DOWN IN 2020 IN MY OPINION

I believe CVBT will close its doors for good sometime in 2020, especially after what I believe are very adverse developments CVBT will suffer in Q1 2020 - none of them good.

Why do I believe this? There are too many reasons (and this is not an exhaustive list of them):

1) CVBT remains an insolvent company according to generally accepted accounting principles (GAAP). I believe they are claiming to be financially healthy only by playing accounting tricks and preparing financial statements that do not conform to GAAP. In fact, CEO's CFO Robert Schleizer said in the 2018 annual shareholders meeting that CVBT's 2017 audited statement was going to receive a qualified opinion as a going concern from CVBT's auditors. And what has changed since then? It all smells like Enron.

2) According to bankruptcy judge George Spraker in 2019, CVBT does not have the ability to pay its bills as they become due. That's not my opinion, that's a statement of fact from a bankruptcy judge. (And it's in the public record.)

3) CVBT's leadership keeps alarmingly turning over - people don't stick around. If things are going so well, why have the President, the Chief Medical Officer, and the equivalent of the Chief Science Officer all left the company in 2019? And why did CVBT try to so clumsily cover up the departure of the Chief Medical Officer, Dr. Ori Ben-Yehuda in particular, who stayed only a few weeks before leaving? What did Dr. Ben-Yehuda learn in those few weeks that made him run for the door? (Probably the same things that are making everyone else run for the door too.)

4) CVBT is being pursued by creditors right and left as I understand it, and CVBT has only kept creditors at bay by playing the game of delay, delay, delay. At some point, that game no longer works and the jig is up. I believe that point is in 2020.

5) CVBT's CEO, Calvin Wallen III, is being pursued by the U.S. government for fraud and for allegedly stealing $14 million from his previous now-bankrupt company, Tauren Exploration Inc. Mr. Wallen has also played the delay, delay, delay game to keep pushing back the start date of his trial, but again, at some point that stops working and the trial will happen. I believe it will happen in 2020. A TX bankruptcy attorney I spoke with who is familiar with the outlines of the case said to me, "the government does not lose cases like this." If Mr. Wallen is innocent as his supporters claim, then why would he be wanting to push back the date in which his alleged good name is cleared? I believe the reason why is because with this conviction, the curtain comes down for good. The conviction will automatically set in motion a series of events that will first result in referral for criminal prosecution (which my sources tell me is a mandatory referral because of the size of the alleged theft), and additionally, it will likely result in a referral to the IRS to determine if Mr. Wallen paid taxes on the $14 million in stolen money. If he did not pay those taxes (because under the law, one must also pay taxes on illegal income), well, I don't predict Mr. Wallen is going to enjoy his retirement so much.

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

And here's more information about the current troubled state of CVBT:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=151409373