Cardiovascular Biotherapeutics'/Venturis Therapeutics' lawyer made a statement on the US Federal Court records citing that our company was worthless. The lawyer stated: "Upon investigation as to Venturis ability to pay legal fees in accordance with its agreement, it has become evident that there are currently no assets or revenue streams from which payments can be made."
This statement was made in April 12, 2021.
However, this did not stop Venturis Therapeutics from officially promoting the company. After their lawyer's statement, Venturis then went on to post to their official company website about newly secured patents, obviously in an attempt to raise money from such an announcement.
Their statement was made in April 30, 2021.
Clearly, Venturis Therapeutics' administration was attempting to bring value to the company despite clear statements on the US Federal Court records citing their lack of assets (including patents). Would this make Cardiovascular Biotherapeutics/Venturis Therapeutics liable for fraud? Would this make the company administrators liable for fraud?
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.