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Wednesday, June 26, 2013 12:50:43 PM
From the latest BLFR financials and why one should be concerned that SEC recividist Tyson Rohde is still associated with BLFR:
On April 1, 2011, the company granted warrants to purchase 3,000,000 shares at $0.10 per share to Tyson Rohde, our then CEO, for services rendered.
On April 1, 2013, the company extended a convertible note with Tyson Rohde to be due by October 1, 2013.
On March 28, 2013, BLFR entered into a Promisary Note with Levantera SA, a Marshall Island's company controlled by Rohde, for $150,000 at 12% interest.
On July 1, 2011, Carew Rohde, the brother of our then Chief Executive Officer and Director, Tyson Rohde, loaned us $25,000. The note is due 30 days from the date demand for repayment is made to the Company and bears interest at the rate of 15% per annum provided that interest accrues at the rate of 18% per annum upon an event of default. On April 26, 2012, we amended the note to include a security interest over substantially all of our assets.
On August 11, 2011, Drexel Rohde, the father of our then Chief Executive Officer and Director, Tyson Rohde, loaned us $25,000. The note is due 30 days from the date demand for repayment is made to the Company and bears interest at the rate of 15% per annum provided that interest accrues at the rate of 18% per annum upon an event of default. On April 26, 2012, we amended the note to include a security interest over substantially all of our assets.
Furthermore, Rohde, along with his buddy, Chet Gutowski (do a google search on him with GFET) were the founding members of BLFR, having sold off the controlling interest in BLFR to a company called Dome Capital, LLC. It is my opinion, that Dome is still controlled by Rohde.
Rohde is the last CEO of GSLO before it was suspended by the SEC: http://www.sec.gov/news/press/2011/2011-120.htm . Rohde had many associations with other SEC recividists, including GSLO's former CEO, Thomas G. Massey: http://www.sec.gov/litigation/litreleases/2013/lr22729.htm
Rohde was also involved with GAEC/GFET right before it was suspended as well: http://www.sec.gov/litigation/suspensions/2009/34-60410.pdf
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