Replies to post #7911 on Calypte Biomedical Corp (fka CBMC)

[bloodhound99]

mossman I am not a stockholder here, but think that what has happened here is a travesty to the retail stockholder.

I have been trying to spotlight the goings on for last 7 years.

I really think that SEC should look into dealings here. They may be completely legal but who knows.

In a company with TOTAL ANNUAL sales of $ 725,000 Roger Gale (an appointee of Marr) the CEO/Chairman got over a $ 1,000,000 in annual compensation in 2008; and no 8K when he chose to "retire" or "resign" as Chairman.

And 16 months elapsed before Roger admitted that the 1,000,000 Mineseeker order was tied to the BVI and Panamanian investors who defaulted on $ 2,505,000 of their $ 3,000,000 subscription agreement.

Marr Group who effectively controlled Calypte gets 100% of Calypte's assets pledged to it against loans it made to Calypte. This hardly seems like an arm's length tranaction, more like an arm twisting transaction.

And the big "Safe Harbor" Capstone projection in summer of 2007 of 4.593 million in 2007 sales (turned out to be less than $600,000) and 15 million in 2008 (turned out to be $ 725,000). How ridiculously out of line do the projections have to be to be considered lies or misleading anyway instead of a safe harbor statement?

and in 2003 Tony Cataldo projecting 7 million in 2003 and 23-25 million in 2004 sales based on "orders on hand" that Tony had to admit did not exist.

The September 2003 bogus $ 4,000,000 letter of intent from World Vision Africa that took 4 weeks for Calytpe to admit publicly after they found out it was bogus, meanwhile their stock soared, the bondholders cashed out, and Tony lined up another co-chairmanship at BPTR.

Tony Cataldo's Golden Parachute when he left.

Quite a history, possibly all legal but in my opinion certainly not ethical or fair to the retail stockholder here and should least be reviewed by SEC.

I am sure that with lawsuits by several China employees that they will let SFDA know of the current conditions of Calypte.

Marat "Sweet Man" now in complete control. (I am being sarcastic he has actually been in control for at least 5 years)

P.S. If I have gotten anything factually incorrect here please advise and I will publicly correct.