Monday, April 11, 2011 9:26:02 PM
Vital Products
Was actually just some padded baby baths and some other unmarketable crap that he unloaded so a former packaging company exec. could begin selling shares publically. He retained the patents and they paid him in convertable shares, which I believe he's still collecting on. They immediately dumped the baby line and have been though multiple splits, sound familiar? the CEO sold his private company to his public company, using shares to pay the costs. Check out that message board (VTPI) Just full of happy shareholders.
On The Go Healthcare
The other company he sold also went through multiple splits before he sold it to a Florida company. That sale ended up with him in court because the convertable note holder (Laurus I believe it was)retained the assets of the company and it wasn't his to sell.
I believe he ended up in court with some former partners in the beginning of that deal also, but I can't recall the names without some research.
I wonder if image8 or whatever their name is knows the devil their in bed with? They couldn't be that niave.
These are only the facts that I can remember to the best of my ability. It's all out there somewhere.
He is one hell of a salesman, he's probably sold or been directly responsible for the sale of more shares than anyone else I've ever heard of
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