Clean Vision Corp (CLNV)

[old man river]

A number of years ago, I had some money in a solar power company which was developing systems to run pumps on farms in a developing country. Leading edge solution for the local agricultural need. The solar power company was to buy the panels from a proven third party provider. In essence, the listed pinkie was a reseller of solar panel and not a solar panel maker or installer.

The CEO visited Dubai twice for meetings. The guy then went to India and created a new partially owned subsidiary to sell and install these panels and pumps. There were photos of government officials all over the place with the CEO and the panel supplier. It all sounded great.

The CEO increased the number of issued shares from less than 100 million to over 300 million driving down the price. There were press releases from other firms announcing financing for a number of projects promoted by the CEO.

Is this starting to sound familiar?

An audit was arranged to drive up the share price. When the audit was released, the company had large receivables from the sale of systems. When push came to shove, nothing could be proven. The qualified auditor for pink sheet companies had his license cancelled.

We still lack third party proof.