Venturis Therapeutics finally acknowledges CATASTROPHIC ADVERSE JUDGMENT
Well, it finally happened. Venturis Therapeutics finally
acknowledged that it suffered a catastrophic adverse judgment in February 2020 in the Dan Montano case. How do we know this? Well, for those of us with good memories, shortly afterwards, Venturis Therapeutics posted a defiant press release on its website that apparently bore little resemblance to the judge's actual ruling (as I've heard through my Venturis Therapeutics sources). If one read the company's press release one would think this was much ado about nothing, not a catastrophic 7-figure adverse judgment the company can not pay. And the echo chamber on here has only amplified that moronic conclusion (or is it an alcoholic one?).
But guess what? Mysteriously as we inch towards a final $,$$$,$$$ determination from the judge (that's 7-figures for those sober enough to count), that press release has magically vanished from Venturis Therapeutics's website. Poof! Just like the press release on October 2, 2018 announcing the new Chief Medical Officer Dr. Ori Ben-Yehuda, who left the company soon thereafter, resulting in the press release suddenly and mysteriously disappearing from the company's website without explanation, turning Dr. Ben-Yehuda overnight into a non-person.
But thanks to the Vecho chamber (the Venturis Therapeutics echo chamber), the Venturis Therapeutics press release touting its "victory" in this lawsuit has been preserved on this message board. I want to thank johnnyblades2001 and SlalomKing, among others, for repeatedly re-posting this message, thus preserving it forever even if Venturis Therapeutics wanted it to quietly go away. Thanks to their diligence and hard work, I am able to copy it in below: In the Interim Decision handed down on February 25th by the Arbitrator, Michael Zimmerman, the Arbitrator found that Montano and/or Jacobs had plagiarized Venturis’ reports, made misleading statements to investors, infringed on Venturis’ copyrights and contractually breached their agreements and duties to Venturis. Due to the delay in Venturis bringing this action, complicated by the Montano Chapter 7 Bankruptcy Filing, and the ruling as to lack of sufficient evidence of damages, Venturis was awarded only a nominal amount of attorney fees. The Arbitrator also found that Montano and Jacobs were due some amount of the back salary from Venturis that they were claiming, stemming from working at Venturis from early 2012 through the middle of 2013; however, the amount due to Montano and Jacobs is less than the outstanding legal Judgment against Montano held by affiliates of Venturis.
I'd like to also thank Venturis Therapeutics for their integrity acknowledging this undeniable fact--by trying to erase it. Nothing speaks louder than actions. Once the judge issues his exact 7-figure determination, I'm hearing the rumor that collection efforts aggressively commence. It's over, folks. Goodbye Venturis Therapeutics.
The only question in my mind is, does the company get liquidated by Dan Montano, or by a court--assuming it files for bankruptcy? There is no hope for survival because this is a company with no revenues and no products on the market. Its fate was sealed in February 2020. Actually long before that, but we'll save that for another message, or upcoming quiz question. For more information: https://investorshub.advfn.com/boards/read_msg.aspx?message_id=155716827 And to hear more from a Venturis insider who spilled the beans: https://investorshub.advfn.com/boards/read_msg.aspx?message_id=155941891