CoreStream Energy, Inc. (fka ZLUS)

[patchman]

Looks to me like Ault may be padding his resume a bit.

According to a recent filing, Ault is 41 years old. In the 8-K he claims to have “over twenty two years experience in various aspects of the Oil and Gas industry”. That would imply that he has been in oil and gas since before the ripe age of 19. I guess he skipped college and went right to work at Dean Witter - oops nope not true.

I was looking at another Bio I found when he was 39 and this is what that Bio claimed:

Mr. Milton Ault, III is the Chairman and Chief Executive Officer at Ault Glazer & Co Investment Management. Mr. Ault also serves as the Chairman of the Board and Chief Executive Officer of Ault Glazer & Co., Inc. He co-founded Ault Glazer & Co in 1998 and also serves as a controlling and managing member and the Chief Investment Officer of Ault Glazer & Co., Inc. Mr. Ault has been in the investment banking and asset management industry for over 16 years. Through his activism experience, he acquired Franklin Capital. Mr. Ault became the Chief Executive Officer of the firm and restructured it from a BDC to successful medical device company called Patient Safety Technologies, Inc. From May 26, 2005 until July 13, 2005, he served as an Interim Chief Executive Officer at Tamarack Ventures Inc. Mr. Ault was an Interim Chief Executive Officer of Ipex, Inc., from May 26, 2005 to July 13, 2005 and of DigiCorp, Prior to Reverse Merger with Rebel Crew Films, Inc., from April 26, 2005 to September 30, 2005. He served as the Chief Executive Officer of Patient Safety Technologies Inc., from October 22, 2004 to September 2006. From July 1998 to June 2005, Mr. Ault was a registered representative of Strome Securities, L.P. While there, he was involved in portfolio management and worked on several activism campaigns including Taco Cabana, Jack In The Box (formerly Foodmaker), and 21st Century Holdings Co. Prior to founding Ault Glazer, Mr. Ault served as a Portfolio Manager and regional institutional financial Advisor for Prudential Securities from February 1996 to July 1998. From November 1992 to February 1996, he served as an Institutional Account Executive for Dean Witter Reynolds Inc. Mr. Ault has been a Director of Ipex, Inc., since May 26, 2005. He served as the Chairman of Patient Safety Technologies Inc., from October 22, 2004; Franklin Capital Corp; and Digicorp from July 16, 2005 to September 30, 2005. Mr. Ault was a Director of Tamarack Ventures Inc., since May 26, 2005. He served as a Director of Patient Safety Technologies Inc., from July 2006 to September 2006.

http://investing.businessweek.com/research/stocks/private/person.asp?personId=12932610&privcapId=27145185&previousCapId=49194403&previousTitle=Zealous%20Capital%20Markets,%20LLC

Now my math may be bad but 16+2=18 not 22. I also see that he was at Dean Witter in November 1992 and with this being 2011, I don’t get “over 22 years”. I also don’t believe that Taco Cabana, Jack in the Box, etc… have anything to do with Oil and Gas or that Digicorp or Patient Safety had anything to do with oil and gas. In fact, this resume he posted only 2 years ago never mentions anything about Oil and Gas but his new one is all about 22 years of Oil and Gas. BTW… Wasn’t 21st Century a fraud? He doesn't even talk about his porn business. He also filed for personal and business bankruptcy 2 years ago and was doing nothing in oil and gas for those 2 years. I wonder if the Oil he was talking about was the oil his porn stars used. LMAO

Bottom line, Ault lied in the 8-K about his "over 22 years" experience and it will be reported. Just more to add to an already open case file. The problem with cons today is that there is so much material on public record con men get sloppy and can't keep track of all they have said in the past.