Dead&Deader: When an alleged crook took over CVBT (now called Venturis Therapeutics)
All that awaits Venturis Therapeutics shareholders is the inevitable bankruptcy filing after having lost a 7-figure judgment at the hands of its former CEO, Dan Montano. Venturis is deader than King Tut. This was the inevitable consequence when an alleged crook, Calvin Wallen, took over CVBT based on a slate of false promises (also known as lies) made to shareholders.
By the way, we're now almost SIX MONTHS PAST DUE from when there was supposed to be a shareholders meeting in 2020. Perhaps it will still happen, in December, at the North Pole, with Santa Claus joining the Board of Directors. Or more likely, there will never be another shareholders meeting ever again.
As for Mr. Wallen, we will be learning soon when his upcoming trial brought by the U.S. government will take place, for allegedly stealing $14 million from his previous company, Tauren Exploration. Mr. Wallen has pursued a scorched earth approach to delaying his trial, with an assist from coronavirus, but the law is coming for him. The day of reckoning will likely occur in 2021. And assuming Mr. Wallen loses the case, it will be interesting to see what the IRS does, since even stolen money is taxable for the thief (and at that point we can drop the word "alleged"). I wonder if Mr. Wallen paid taxes on that $14 million? We will eventually find out. For more information about this failed company and the alleged crook who is its CEO and controlling shareholder, read here: https://investorshub.advfn.com/boards/read_msg.aspx?message_id=156705047