“Can I get an answer please?” – I think this is something you need to address with the company. Why do you insist in asking people on the board rather than going to the source??? “I still do not understand; how could anyone purchase shares at $3 if the stock hasn't traded since 2012! If you participated in a private placement then there must be a SEC REG-D filing; and there isn't! Can I get an answer please?” Are you asking WHY would anyone purchase shares at $3 per share, then in my case I it was because after analyzing all the information from the company I realised that CVBT could be a major success story due to the amazing IP portfolio it has built up & the interest that certain investment banks are showing in them. If you are asking HOW is it possible to buy CVBT shares then it’s quite simple – via a private placement. By the way as far as I am aware it’s not a REG-D it’s a REG-S designed for foreign investors such as myself. I understand that CVBT has raised in excess of 80% of its money through foreign investors due to the founder’s significant connections in Europe but particularly Asia.