Read carefully- here it- just how the scam started. I spoke to someone who was there and has first hand knowledge about this and has appropriately reported everything. This includes Levya, Wagner, Arnold, Klok, Denos, Asher, etc.... and know Levya has millions in stock to dump
March 2011- Levya gives Wagner a bag of 80k cash that Wagner was borrowing personally because he was broke and had to pay some fuel bills. Wagners wife to be Judy Fisher tries to deposit funds but they close her account because of it, Wagner couldn't use AFI's account because there was a tax lein and levies on his account, so he goes to Klok and klok deposits 69,500 into his FLST account at Wells Fargo bank, Klok then has the CFO Cheyne Gardner wire the funds for Wagner to pay a fuel bill all the while one of Southern Skies planes sat at the Tarmac waiting fuel because the fuel provider wouldn't pump until they paid in advance. The flight left 3 hours late. FLST was still a shell and a non operating company at this point. Wagner went with Klok to Utah and met with Denos and hatched a plan that would create an accounting mechanism for the 69,500 and at the same time put the shell into operating status so they concocted the idea of a JV between FLST and a "land fuel" operation for AFI and show the 69,500 as a payment towards the balance of what Klok promised Wagner personally in order to coerce Wagner to do this public deal with him as AFI was basically shut down and behind the 8 ball already. Please read the 8k dated April 2011 which will confirm what I am saying.
Klok paid Wagner over another 125k with monies he took directly out of the Alto holdings checkbook that Wagner knew he was using monies raised with the Alto PPM to go FLST. This was with the full knowledge and blessing of Denos and Thomas. Denos and Thomas continued to use notes with Asher from what I know as unseasoned debt to raise monies that went directly to Wagner via notes signed over from Wagner, his wife Judy, his friend Art and others. All bogus and illegal notes that Asher took and paid them cash for. Oh yeah Asher was introduced to them by who else but Chuck Arnold the spearhead and long term friend of Klok.
Before the final deal with FLST and AFI was conclude, Adler was clearly told about everything including the illegal cash payments and mis appropriated funds from Klok's other public company but chose to close a blind eye to it because otherwise the deal couldn't conclude and he had to much invested into making this work at the time.
If anyone reads this and says I have an agenda, I do and it is to prevent an out fraud from these people and stop them getting rich at all of our expenses as their walls are caving inand they know it. We shareholders and yes I mean WE shareholders will be left holding the bag.
If you don't believe me that's ok but do your DD and read the 8k's and you will see if it makes sense.
A land division JV that was created to do land fuel sales and make FLST operational never happened and didn't ever come to existence but yet they never retracted with the SEC etc....
Ive said enough but I guarantee you that Justice will happen to a lot of these people
Just look up Thomas and Denos and the litany of Companies that have all shared assets and just transferred the assets company to company and the notes they write themselves etc... and the amount of their companies with Chills and that are now sub penny and looka t the P/R patterns etc........ The facts speak for themselves
