Vita Mobile Systems Inc (VMSI)

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“We need a little bit of a background check,” Bullard said. “I don’t think we have done anything.”

“A lot of private companies are not going to give you financial statements,” Lanier said. “Standard Oil International is more than willing to show us financing agreements. They will work with us to take people to California to see a plant there.”

Hard to believe

“I find it hard to believe a company would come and say they are going to build a $35 million plant and not do it,” Byrd said.

“Let’s just say it fell flat on its face –all that would be left was a nice metal building,” Lanier said.

“We could have tons of trash,” Bullard said.

“I don’t see where it can’t be nothing but a win-win,” Byrd said.

Ronald Dean Brooks, listed as the chairman of the board on the company’s website, has been convicted of securities violations, owed the state of Kansas more than $2.3 million in income taxes and has founded more than a half dozen corporations that collapsed under questionable circumstances.

Kansas Security Commission documents show that Brooks entered into a consent order to cease transacting business as a broker-dealer in Kansas in 1987. Other cases in 1986 and again in 1999 document the selling of unregistered securities and a “misrepresented” oil and gas investment.

Brooks was “offering and selling undivided fractional working interests in oil and gas wells” or “unregistered securities” via Ron Brooks Corporation.

In 1986, Lone Star Oil Inc. and Brooks were at the center of criminal prosecution for selling unregistered securities. Brooks was arrested and later pled guilty to one count of selling unregistered securities, and was found guilty of being an unregistered agent. His business associate was convicted of six counts of the sale of unregistered securities and one count of filing a false statement.

In 1999, Brooks was still in the investment business. That year he “misrepresented an oil and gas investment to three investors” and sold interest in wells that the victims said did not exist.

Source: http://www.whiteville.com/news/board-signs-intent-with-fuel-company/article_d94f8900-b0a0-11e1-a05c-001a4bcf887a.html