One of many interesting questions is what has Mr. Saleem done with funding that was provided, or allegedly provided, to Michelex?
Based upon my analysis of the news releases and Draft Audit, it appears that $4million of funding was supposed to be provided by United/Saleem, another $10.5 million of ‘investable funds’ was supposed to be provided/passed-through United and $3.5 million was supposedly provided by Moriah Capital. Thus, it appears that if Saleem is misappropriating funds, he is mainly doing so with funds that came from United or through United. Of course, all is speculation until we get some answers to the questions that I posted the other day. Unfortunately, we may never get answers to those questions. I will attempt to contact Mr. Kakani to see if he will answer those questions. To those who have contacts with Mr. Kakani, please encourage him to do so. If he does, we will better understand what has happened and what needs to happen rectify the current mess.
PS..Does anyone have contacts with Moriah Capital? If not, I will attempt to contact them to get their response to what is happening. My guess is they will issue a 'No Comment', assuming they reply at all.
