CardioVascular BioTherapeutics (fka CVBT)

[walhall]

Venturis: Controlled/run by an alleged crook (according to the U.S. government)

Venturis Therapeutics is all but dead. and no one is going to invest in a company controlled and run by an alleged crook--especially when the allegations come from the U.S. government.

Venturis lost a long legal case resulting in a 7-figure adverse judgement in binding arbitration. Unless some third parties step up and invest, this insolvent, illiquid, zombie company is either going to be liquidated or will declare bankruptcy to temporarily halt the liquidation.

Let's face reality. No third parties are about to invest in a company that's controlled and run by an alleged crook, Calvin Wallen III. Anyone doing due diligence on Mr. Wallen will learn he has a history of allegations of wrongdoing, sketchy accounting that leads to allegations of fraud, etc. In this case, the accusations come from the U.S. government, who has accused Mr. Wallen of allegedly stealing $14 million from his previous company. Mr. Wallen's trial is upcoming.

For more information:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=157814754

And here's what an insider who spilled the beans had to say about Venturis:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=157664278