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Replies to post #24836 on DD Support Board and Research Team
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NAME OF REPORTING PERSONS
JK Advisers Hedge Fund LLC
The Reporting Person obtained its investment capital from a private placement to its members. An affiliate of the Reporting Person, Panthera Advisers Bridge Fund LLC, also obtained its funds from a private placement. Another affiliate, Arrakis Financial, Inc., obtained its funds from personal investments. Another investor provided $195,000. The total funds provided by these persons is $500,000. These funds were loaned to Norman Maier and secured by a pledge of all of the common stock held by Mr. Maier. Mr. Maier used the $500,000 to purchase his shares of the Registrant. Mr. Maier’s purchase of his controlling interest was solely funded by this group, as disclosed in a Current Report on Form 8-K dated June 18, 2007 filed by the Registrant. The $500,000 was due on demand and the loan is now in default; therefore the Reporting Person and the other members of this group have the right to receive these shares now.
Further, Panthera loaned $51,000 to the Registrant secured by a pledge of the 40,000,005 shares held by Maier. The loan was due on September 30, 2007 but was extended until October 31, 2007 and Panthera loaned an additional $100,000. This loan and the pledge of the shares was disclosed in the Registrant’s Form 10-KSB for the year ended July 31, 2007. The loan is in default and Panthera has the right to the 40,000,005 shares by virtue of this default. Panthera also received a security interest on all the assets of the Registrant, and was to receive 51,000 shares of common stock on this loan, but the shares have not yet been received.
On November 18, 2001, Russian Athena, Inc. formerly known as Marin Technologies, Inc., a publicly reporting corporation formed in April 1994 solely to seek for and make an acquisition, acquired rights to certain satellite technology for exploitation in Eastern Europe and changed its name to Myercom, Inc. Russian Athena was unable to find practicable market to this technology and abandoned this business. Subsequently, management began to explore the possibility of opening a marriage agency in Eastern Europe. The Company's name was changed to "Russian Athena, Inc." to reflect the new business. We operate in Russia under our wholly owned Russian subsidiary, "Ruskaya Afina" which means Russian Athena.
The "Mail Order Bride" Industry
The term "Mail Order Bride" is a misnomer. No one to our knowledge in modern times has merely ordered himself a bride via the internet or catalog. The modern foreign bride industry is a product of the internet facilitating international communication. Russian Athena is part of the internet dating phenomenon. Our male customers generally are from the United States, Canada, Western Europe, Australia and New Zealand. In this prospectus we refer to these men as "Western" men eventhough not all are from the West. Most women who seek for international grooms are from Asia, Latin America or Eastern Europe. Our agency operates in the Russian Federation, which is the principal country for the Eastern Europe women seeking marriage to foreigners. Russia has population of approximately 135 million people.
There have been many reasons advanced for the desire of the Russian woman to seek a husband abroad. Better economic conditions and the perceived better ability and predisposition of a western man to sustain a marriage and raise a family are often given as reasons by the women themselves. Western men who seek for brides in Eastern Europe do so for a variety of reasons, including beauty, higher educational standards, and the perceived higher interest of such women in family life. The popularity of internet dating attests to the fact that, in any population, there will always be a certain percentage of persons who for whatever reason believe they cannot find their soul mate where they live or through conventional channels.
We will market our services through the internet at our proposed website, RussianAthena.com. We will also link to RussianAthena.com at an agency website, athenaagency.com, operated by our management in Ukraine. In addition, more than 20 Angelika network sites such as angelika.net, bluesapphires.net and onetruelove.net market our ladies. As a result of the Angelika network, we can receive revenue immediately upon posting the profiles of our first ladies in the cities we open.
Our president, Jehu Hand, controls Athena Marriage Agency and its Ukrainian subsidiary, Afina International. Athena operates seven offices in Ukraine, separately from Russian Athena. Mr. Hand intends to link the website for Russian Athena and Athena and to market them jointly to male customers
Jehu Hand has been President, Chief Financial Officer and Secretary of Russian Athena since its inception.
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<TITLE><U>Certificate of Amendment to Articles of Incorporation</TITLE>
<META NAME="author" CONTENT="Kimberly Peterson">
<META NAME="date" CONTENT="07/10/2007">
VitaminSpice, Inc. (PINKSHEETS: VTMS) announces that the Federal Bankruptcy Court for the Eastern District of Pennsylvania has dismissed the involuntary bankruptcy petition that was filed against the company by its former attorney Jehu Hand, Ray Suprenard (IBT Florida), Jeremiah Hand, John Robison (Orange, California), and Esthetics World.
The Honorable Court further ordered that a Hearing be held regarding attorneys fees and damages. Furthermore, the Court Ordered that a Hearing be scheduled to hear VitaminSpice's "Bad Faith" Motion regarding the Filing of the petition. The Motions filed before this court included explicit documents provided to the court that demonstrated forgeries by petitioners, specifically Jehu Hand. One of the most outrageous documents that VitaminSpice provided is a back dated and notarized (by Jehu Hand's assistant, Kimberly Peterson) that was submitted to the offices of The United States Federal Court for the Eastern District of Pennsylvania's District Court Judge, Michael Baylson.
During the proceedings, petitioner John Robison admitted to providing investment funds via Kevin Lee Woodbridge, a convicted felon on securities violations. According to the SEC website, Woodbridge was banned for life from working with any public company in addition to Woodbridge's incarceration.
The Court will schedule a separate hearing to allow the parties to augment the present record with regard to the issue of whether VitaminSpice is entitled to fees and costs pursuant to 11 U.S.C. section 303(i). At that time, the Court will consider the issue of bad faith as it relates to VitaminSpice's section 303(i) requests, stated the Judge Madeline D. Coleman in documents issued by the court. VitaminSpice, by and through its attorneys will be submitting actual, compensatory, and punitive damage claims against all parties that filed the involuntary petition.
In an almost identical case, the SEC concurrently filed a complaint in New York against New York stock promoter Jason Jadidian, alleging he paid kickbacks to an undercover FBI agent to purchase shares of Tecton Corp., another U.S. over-the-counter company with ties to Vancouver.
As in the Zanic case, the undercover agent told Jadidian he represented a group of brokers with trading discretion over the accounts of wealthy clients, and would arrange for them to buy shares for a 30-per-cent kickback.
In another "test transaction," the undercover agent bought 80,000 shares for a total of $18,672, for an average of 23 cents per share. Jadidian subsequently wired the agent a $5,000 kickback through a third party. The stock has since slumped to one-tenth of a cent.
Tecton went public on the OTC Bulletin Board last year as an exploration company, with properties in B.C. and Saskatchewan.
The company's president is Norman Meier, a former Canaccord Capital broker who claims to have PhD in Human Behaviour from Newport University in Switzerland.
The company's filing solicitor is Penny Green of the Bacchus Law Group in Vancouver. Green has helped numerous companies go public on the pink sheets and bulletin board on extremely dubious business premises. Most have ended badly for investors.
AI
