CardioVascular BioTherapeutics (fka CVBT)

[walhall]

The Bankruptcy of Venturis Therapeutics

Venturis Therapeutics is bankrupt, literally and certainly morally. Having recently suffered a binding non-appealable 7-figure adverse judgment, this insolvent and illiquid company is all but certainly unable to pay it, which I believe will result one way or another in the liquidation of this zombie company. Here is more information:

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=156705047

But aside from the literal bankruptcy, the moral bankruptcy is equally significant. Not only is the company controlled and led by someone the U.S. government accuses is a crook--Calvin Wallen III. But every time a shareholder raises a valid question about the company, not only do we not get a response, but instead the company and its supporters seek to divert the discussion to "Shittya" (the new company of the former CEO) or any extraneous topic that is anything but the question being asked. And that shows how bankrupt Venturis Therapeutics and its people are.

The company refuses to answer two (2) simple questions:

1) Why has Venturis not run a single clinical trial since 2007, in spite of numerous promises otherwise?

2) Why does Venturis refuse to release audited financial statements?

What financial information Venturis apparently does release, according to others on this board, is compiled financial statements from the auditors, hoping no one will notice that those are not audited statements but are rather just management's numbers on the auditor's letterhead. Big difference. Well, according to Robert Schleizer, Venturis CFO, the last audited statements that we know of came with a going concern qualification from the auditors. I guess that's not something the company wants people to see, though. And if there were more recent statements that did not have a going concern qualification from the auditors, something tells me we would have seen them. I wonder why we haven't?

Instead, all we get are bad attempts at diversion, obfuscation, and confusion. No one is fooled. Venturis and its leadership team has zero credibility with anyone--and even each other as rumors have it (a departed insider spilled the beans--click this link).
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=157664278

Well, the end is here. It won't be much longer before this company disappears. I already took my tax write-off. But I refuse to remain quiet, and will remain witness to the lies and deceit that are Venturis and its crooked leadership team.