Very insightful analysis. But I have a little more interesting info. There were some interesting documents filed on Monday in NY Supreme Court in the case of Platinum Long Term Growth and J&N Invest v. Klepsy.Of most interest is Klepsy's sworn affidavit, signed and notarized on April 26.
In short, Klepsy settled with the plaintiffs and then apparently reneged. Platinum moved for a Confession of Judgment and Klepsy agreed to sign one, but for some reason, although there are emails from Klepsy consenting to the Confession of Judgment, he just never seemed to be able to find a notary. So Klepsy's defense is that the plaintiff's attempt to enforce the judgment has no merit because Klepsy broke his promise to sign the documents in the first place. It's a rather unusual defense, as you'll see.
But I digress. There is some interesting info --here again, from Klepsy's own words, under oath-- about Qtrax financing that I found to be just fascinating. He admits that he has no funding and therefore can't pay his creditors or even afford any shareholders meetings or to make any SEC filings. If that's the case, how is he paying his attorney, and furthermore he claims that he is constantly in the Far East negotiating for funding (he says that the funding that he was supposed to get late last year fell through). If he can't afford to keep shareholders informed, how is he paying for first class travel to Asia?
The bottom line is that Klepsy has obviously thrown some junk up in an attempt to make Asian investors think that he's got something live and will try to milk some cash from them. And of course his shills start crowing like Jesus has just risen from the dead. It's all baloney--just as I said it was. No licenses. None. Zip. Nada.
I suggest that you read up on this particular case as there is a wealth of information including emails directly from King Klepsy himself. It makes for fun reading. But then again, who is stupid enough to believe what they read in the public record? To hell with the facts. Right fellas? God I am so jealous that I'm not Klepsy.
And, I almost forgot. Curious that "The A Team" (God I love that!!!) seems to have taken their names off the site. They are no longer listed on the About page.
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