I'm taking the liberty of reposting my reply of yesterday as some clearly didn't read NO EVIDENCE=FAKE NEWS comment.
"Clinical trials - you are 100% correct, there has been no patients treated since 2007. It's worth looking at why. By 2008 the deadbeat ex-CEO had brought the company to its knees due to his negligence. No one would invest into, as was CVBT, due to the CEO's "eccentricities". CVBT weren't paying salary for around 2 years & were effectively insolvent. The ex-CEO was kicked out & the new management raised money at 25c to $3 per share. The company was resurrected by the new team. For those who have signed the NDA, as I have, you can see the results for yourself. You obviously haven't taken the time to sign the NDA & obtain copies of the financials etc. Why would that be? I can't understand why you would post assertions without any first hand knowledge. Is there a reason that you can't sign an NDA? Remember - NO EVIDENCE=FAKE NEWS. Regarding your unsubstantiated comments. 1) Insolvency. Venturis is not insolvent. It has taken an upside down balance sheet & transformed it by reducing the debt from almost $40m to effectively zero, has money in the bank & are preparing for the imminent restart of the clinical trials. They have also done pre-clinical testing for some of the newer therapies which of course they have IP protection on. Those worthless patents again 2) If Judge Spraker said that & it's public record please post the court transcript. It is very strange that Judge Spraker is about to b!@# slap the Dan Montano cronies, most probably, next week with significant damages whilst at the same time stating that VT is insolvent. However the good news is that you will be providing said evidence, won't you? Remember - NO EVIDENCE=FAKE NEWS. 3) "Alleged crook in charge". No Dan Montano is no longer in charge Same old, same old. Unfortunately you don't appear to understand bankruptcy rules/terminology which is extremely surprising in the circumstance The US Govt isn't pursuing Mr. Wallen for fraud. Fraudulent Conveyance isn't fraud as you imply. Mr. Wallen is negotiating out the case with the petitioners in Louisiana, Gloria's Ranch. That's why it keeps getting postponed. It's the equivalent of boys scuffling in the playground. Rich guys who each think they are in the right. For your BK education I have given you & our other friends on the board a definition of Fraudulent Conveyance. 4) "Leadership is a revolving door". No revolving door. This has been explained to you at least 30 times but for some inexplicable reason you appear to keep forgetting that fact. Perhaps you suffer from short term memory loss? Perhaps FGF-1 can help in that area. A bit of Good news for dear old Butterball Montano is that there is ample evidence that FGF-1 helps with DEMENTIA One person has left the company, a consultant who acted as the VP of R&D. Everyone else is still there including Mikael Flaa who you keep saying isn't with the company any longer. So, no revolving door. 5) As previously stated VT is kicking off the clinical trials in CAD & WH imminently & PAD following shortly thereafter. It is quite frankly miraculous that the company is in the great shape it is in bearing in mind the previous CEO, Dan Montano & his cronies all but destroyed it.
So can we expect to see you posting the above mentioned evidence today or will it be Manana?
I hope this is helpful for everyone.
Fraudulent conveyance A fraudulent conveyance, or fraudulent transfer, is an attempt to avoid debt by transferring money to another person or company. It is generally a civil, not a criminal matter. It is generally treated as a civil cause of action that arises in debtor/creditor relations, particularly with reference to insolvent debtors. The cause of action is typically brought by creditors or by bankruptcy trustees. "
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