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Saturday, July 20, 2024 6:16:17 PM
Instead he agreed to settle the suit against him. He was ordered him to destroy all the counterfeit masks HE SOURCED AND IMPORTED and pay $25,000 to 3M.
(6-27-22) https://casetext.com/case/3m-co-v-ppe-sols-grp-2
He and his co-conspirator incorporated PPE SOLUTIONS in early April 2020. He sold it to RIII in early August, was named CFO in late August. Then this happened 4 months later after his counterfeit shit hit the fan.
"On December 21, 2020, John Park, our Chief Financial Officer, Treasurer, Principal Accounting Officer and Director, resigned for personal reasons from all of the foregoing positions (the “Resignation”)."
BUT >>HE'S<< THE VICTIM??
Worth noting on February 22, 2021 (3 months after JKP "resigned") Renavotio posted this--
Renavotio, Inc. (OTCQB: RIII) (the “Company”), a holding company focused on infrastructure opportunities including personal protective equipment, 5G, utility construction, utility management, IoT, water, and waste management technology, is pleased to announce it has secured a $2,150,000 initial purchase order from a PPE supplier for boxes of surgical gloves, which order is subject to the buyer's product inspection and final 60% payment.
Renavotio Infratech, Inc., the Company's wholly owned subsidiary (NOT JKP's PPE Solutions), has continued to focus on the PPE markets. The Company has secured production of PPE to supply third parties with masks, gloves and gowns.
After this delivery, Renavotio plans to utilize labels that will incorporate VerifyMe’s (Nasdaq: VRME) anti-counterfeit technology solution labels to secure a 2 million 100-count box order direct from the manufacturer. This initial order opens up overseas relationships to implement directly with the factories to prevent counterfeit PPE products from entering the U.S. Counterfeit Personal Protective Equipment (“PPE”) continues to be a major issue as the pandemic persists. According to CNBC.com on February 17, 2021, DHS seizes over 11 million counterfeit 3M N95 masks, more raids to come.
Billy Robinson, Renavotio’s Chief Executive Officer, commented,... We believe this initial order will lead to much more significant opportunities as we continue to develop direct relationships with manufacturers that we are introducing the VerifyMe anti-counterfeiting security technology to, allowing us to provide original manufacture PPE products with the knowledge that the risk of counterfeit has been minimized.
https://www.sec.gov/Archives/edgar/data/1574910/000147793221000990/riii_ex991.htm
Consider me an IDIOT. Do not buy, sell or make any investment decision based any information or opinion I post. Conduct your own DD.
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