I briefly looked at David Lazar back in March because I noticed a lot of people were making false statements about David Lazar and his background/experience
At the time he was involved in 4 shell hijackings - One World Ventures Inc. (OWVI), Rarus Technologies Inc (RARS), DRS Inc (DRSX), and Energenx Inc (EENX).
Lazar reinstated all the entities and did a bunch of OTC filings for them all, but so far Lazar hasn't sold any of the shells which makes me wonder if he has other plans for the shells instead of selling them. Maybe he is going to be more like a Bill Schaeffer, Joseph Wade Mezey, Raymond Barton, John Jarvis type. The type that are in the shell game so that they can keep control of the shells to use them for insider enrichment schemes through bogus debt Notes using puppet CEOs.
I did notice that David Lazar made a point of eliminating all of the old liabilities but keeping the old convertible debt Notes on the balance sheets for OWVI after he hijacked it.
If you go back to the 2011 filings you see a whole boat load of liabilities ($842k total)
I guarantee you that if David Lazar was unable to contact the former shell owners allowing him to gain custodianship of the shell then there was no way that he was able to get ahold of that Note holder from 2009 either.
It certainly looks like the plan might be to take that old Note and to transfer it to somebody new so that it can be turned into free trading stock. $50,000 converted at $.0001/share = 500,000,000 free trading shares.
With RARS a new Note was added to the balance sheet for $15,000 convertible into stock at $.001/share which is a good deal for a stock trading over $.01/share. Even better when you see that the Note still converts at $.001/share even after a reverse split.
DRSX and EENX don't have the super obvious super dirty debt Notes yet but they both still show all of their old liabilities from years ago on the balance sheets despite Lazar stating that the old operations were discontinued and impared.
Since March of 2018 I see that David Lazar has added three more shells to his stable - Shentang International, Inc (SHNL), Zhongchai Machinery, Inc (EQPI), and Melt Inc (MLTC)
David Lazar has already reinstated SHNL, EQPI, and MLTC and has already done OTC filings for both SHNL and EQPI but again there is no indication that he has any buyers lined up for the shells.
David Lazar also applied to get Applied Science Products, Inc (APLD) but then withdrew his custodianship petition.
David Lazar's main team includes attorney Peter L Chasey for the custodianship petitions, attorney Matthew McMurdo, Esq as his OTC attorney, and Mario A. Beckles, CPA for accounting work.
Peter L Chasey is an old vet in the shell hijacking game. He was MinnyMarGroups old custodianship attorney (Shareholder Advocates LLC) and he has done work for Adam Tracy (Barton Hollow LLC) and Sergio La Grasta (Ketcher Industries LLC) in the past.
Currently Peter L Chasey does work for: 1) Rhonda Keaveney (Small Cap Compliance LLC) - JDID (which got suspended), MWII, SQCC, TAGP, PADR, VMHG, KWIT, SAKH, VTMG, UOLI, YITD, KJFI, SLSX 2) Robert Chen (XTC Inc) - REEI, RIGI, OCEL 3) David Lazar (Custodian Ventures LLC)
Before hiring Peter L Chasey, Robert Chen hijacked a few shells pro se - SWNG which got suspended, VPRO (skull&crossbones), GBNW (skull&crossbones), VIDA (skull&crossbones), and Chen took over QSPW (Skull&Crossbones). Chen never updates the OTC markets site for any his shells - never removes the old officers and never does any filings - super sloppy.
As far as RARS going back into default status. My guess is that Lazar just has been too busy to realize it has gone into default status and at some point in the future he'll pay his annual fees to get it back to active again.
News 
Market Data 
Discover 
AI
