Replies to post #7958 on Bulova Technologies Group Inc (fka BTGI)

[GeorgeTheStub]

All but one trade today has gone off at bid - bid support at 6 is very weak...at least this doesn't have far to fall to test .0001...

[StockItOut]

I addressed the Defendant issue. Anyone can be listed as defendant.
The bank could have listed you as a defendant, upon filing, if it wanted. Would not hold, of course.

And again, the summary judgement, the document of the case to which you refer, only lists the Gurbas as having liability.

Bulova Tech is not mentioned.

Bank listed Bulova Tech as defendant because Gurbas borrowed money to fund Bulova Tech operations, and bank offered Bulova Tech a $6.5 million line of credit (to also absorb the smaller personal Gurba loan) which it failed to deliver on, and bank will try to get its money any way it can in court, so it listed Bulova Tech inclusive.

Judgement was against the Gurbas only, and as a personal to business matter only.

[my2Mustangs]

Land and buildings were bought at that price from Harold and Helene McCray.
The selling price for each tract of land was $1.5M each.

The McCrays had an ordnance company there too and Harold McCray is listed as a manager of some sort.

I believe their company that operated from the same address was Lance Ordnance prior to the land being sold. Lance Ordnance is on file at the Fla. Secretary of State site.

There is another tract of land that uses the same address that the "widow" Helene McCray still lives on. That info. including the selling price and when and the late payments for property taxes and who paid them is all on-line in the county tax records. Helene apparently gets reduced property taxes for being a widow because it states on the county records that she is a widow for the tract still in her name. That doesn't seem to stop BLVT from claiming that Harold still works there or maybe the BLVT site info. is just old.

This is a do nothing "company" that bleeds money, investors money.
Millions of dollars every year since the beginning and when BTOS gets a profitable government contract, BLVT decides it time to sell it. Come on, really. This is a scam and eventually will be at .0001