CardioVascular BioTherapeutics (fka CVBT)

[walhall]

Question 10: Of the many false rumors floated over the years regarding Venturis Therapeutics (formerly Cardiovascular Biotherapeutics or CVBT), which one turned out to actually be true?

(For reasons revealed below, you'll learn this is a particularly timely question.)

A. Venturis/CVBT was about to go public again “soon”, after many years of being de-listed.

B. Venturis/CVBT was “imminently” about to close on an 8-figure investment from Asia.

C. The clinical trials would be re-starting “next year”.

D. Some major industry company was looking closely at Venturis and a partnering deal was imminent.

E. A very high profile investor was “about” to make a very large investment in Venturis/CVBT.

F. Venturis Therapeutics was going to lose a 7-figure judgment at the hands of its former CEO.

G. Calvin Wallen’s trial by the U.S. government for allegedly stealing $14 million from his previous company was based on corruption and/or a profound miscarriage of justice, and was imminently about to be settled.

(You will note this is a particularly timely question for our quiz, and the reason why is explained below where the correct answer is revealed.)

This is part of our new Venturis Therapeutics educational trivia series. Unlike our cheap imitators who lack a single original thought in their minimally-educated brains, ours is an educational and fun exercise for the whole family while we're mostly not social distancing anymore (and are now sorry we didn't).

For more information:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=156608105

The correct answer is: (F). Yes, while rumors were floating that in the binding arbitration case Dan Montano was going to lose catastrophically, in fact it worked out the other way around. Venturis lost the case, and the plaintiffs were awarded a 7-figure judgment. The exact total dollar amount has not yet been revealed, but we will have it soon. This is a judgment that an insolvent, illiquid company like Venturis is all but certainly unable to pay, and that's why most of us who are not leadership believe that Venturis will soon be liquidated.

However, it's important to take a close look below at the incorrect answers, because there's a pattern which seems to repeat itself over and over again (and we seem to be currently in it). I'm confident you'll figure it out.

(A) - It seems many times over the years the "rumor" has floated out of CVBT/Venturis that the company is about to go public. Around the time of the rumor, Grant Gordon's name pops up and people are directed to speak with him about the major transaction that is about to occur. But the event never occurs.

(B) - Likewise we have heard many times that the company is about to close on a sizeable new investment. The numbers keep changing. All that doesn't change, however, is that it never happens. But around the time of the rumor, Grant Gordon's name pops up and people are directed to speak with him about it. But the event never occurs.

(C) - How mahy times have we heard that the clinical trials will be starting "next year"? Too many times to count. And of course not a single clinical trial has been run since 2007. Around the time of the rumor, Grant Gordon's name pops up and people are directed to speak with him about the clinical trials re-starting again. But the event never occurs.

(D) - And of course there's the old favorite, some major partnering deal is about to be announced with a big pharma partner. But gosh, it has never happened just yet! How come? But around the times of the rumor, Grant Gordon's name pops up and people are directed to speak with him about it. But the event never occurs.

(E) - Ah, yes, the number of times it's been "rumored" that some major new investor was about to take a position in this company. But gosh, that never seems to happen.. Yet around the time of the rumor, Grant Gordon's name pops up and people are directed to speak with him about him, and wouldn't you know it, he often has some clients who need cash and are willing to sell stock now even though great news is coming? But the event never occurs.

(G) - Ah yes, we've heard time and time again that a settlement is near for the U.S. government's case against Venturis CEO Calvin Wallen III, for allegedly stealing $14 million. We're always told it's just a corrupt action from the swamps of Louisiana and it's all going to go away soon. But it never does! Around the time of the rumor, Grant Gordon's name pops up and people are directed to speak with him to discuss the coming great developments. But the event never occurs.

The bottom line: We still seem to be in this same pattern. There are "rumors" floating out of the company that some big event is about to occur. If the past is any sort of guide, we know what will happen - nothing. But curiously, Grant Gordon's name has repeatedly popped up yet again (for example, see posts #2445 and #2373), and people are encouraged to talk to him to find out about things. Now mind you, Venturis does not return calls from shareholders, and the company did not hold its 2020 annual shareholders meeting in violation of its bylaws, but one of the top two executives suddenly makes himself available to talk to people. Hmmmm...something tells me that Grant knows people who need cash and unfortunately have to sell their Venturis stock at this time. Well, take a look at this earlier posting:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=156783935

And here are the earlier questions in our series:

Question 1: https://investorshub.advfn.com/boards/read_msg.aspx?message_id=155716885

Question 2: https://investorshub.advfn.com/boards/read_msg.aspx?message_id=155768166

Question 3: https://investorshub.advfn.com/boards/read_msg.aspx?message_id=155830431

Question 4: https://investorshub.advfn.com/boards/read_msg.aspx?message_id=155887684

Question 5: https://investorshub.advfn.com/boards/read_msg.aspx?message_id=156041065

Question 6: https://investorshub.advfn.com/boards/read_msg.aspx?message_id=156227658

Question 7: https://investorshub.advfn.com/boards/read_msg.aspx?message_id=156355920

Question 8: https://investorshub.advfn.com/boards/read_msg.aspx?message_id=156535390

Question 9: https://investorshub.advfn.com/boards/read_msg.aspx?message_id=156702737