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janice shell

04/22/18 1:04 PM

#24005 RE: Value_Investor #24004

Christ on a crutch. Durante was never CEO. He was an undisclosed control person whose name appeared in no documents related to the company. He was charged by the SEC and indicted by the DOJ in December 2015:

https://www.sec.gov/news/pressrelease/2015-285.html

https://www.justice.gov/usao-sdny/pr/recidivist-securities-fraud-defendant-extradited-and-charged-manhattan-federal-court

I've not found any bad news related to the New CEO yet!

During 2015, while Durante was still running the show, Neil Fogel, the current CEO, was CFO:

https://backend.otcmarkets.com/otcapi/company/sec-filings/10452061/content/html

The CEO, Gregory Wells, resigned at the beginning of the year. He was replaced by the "famous" Amylia Antonetti in July 2015:

https://backend.otcmarkets.com/otcapi/company/sec-filings/10801966/content/html

Antonetti, who evidently couldn't DD her way out of a shoebox, backed away after the arrests of Durante and his associate crooks. Fogel, however, remained, and for reasons unclear to me, remains to this day. The SEC should have been placed in receivership or something. Of course it didn't have any assets, so perhaps there'd have been no point.

This story is over, and has been--as far as investing in it is concerned--since December 2015.