InvestorsHub Logo

nobodysbusiness

08/14/17 12:11 PM

#14329 RE: mog1962 #14328

He is "William Austin Lewis, IV" of Lewis Asset Management, "a privately owned hedge fund sponsor":

https://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapId=28832369

"Lewis says he invested about $2 million in Calmare since 2014, after receiving assurances that it was pursuing profitable government contracts, working to develop regular income streams, and developing a second-stage device. Instead of doing those things, Calmare and the other defendants used the money to pay personal and company expenses, the suit says."

https://www.law360.com/articles/932520

Nothing there that surprises me.