jimr1717
18 hours ago
Just a heads up, 🏆️ How did $102.000 in inventory disappear with no record? The last report filed shows that existing inventory fell from $120,000 of feed stock to $18,000 in a year ... even though there were only $20,000 of sales in the entire year. So, $102,000 of inventory disappeared with no explanation. If this were a genuine company there would be either a detailed explanation or a thorough investigation in which heads would roll.
There are only three possibilities.
A) The inventory was given out freely to ranchers/farmers to use so that IFUS could claim it was shipping product,
B) The inventory never actually existed,
C) The inventory was sold but Walther stuffed his pocket with the proceeds and did not report them as required. This fits right in with Walther's well known and long term propensity of defrauding shareholders and embezzlement.
OPEN YOUR EYES!! IFUS is a naked con job with longtime con artists at its head
Ecomike
3 days ago
Reminder the boggie man is real and lies, shorts and distorts to get you to sell.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=175494556
https://www.sec.gov/comments/s7-07-23/s70723-20162302-331156.pdf
Illegal naked shorting and stock manipulation are two of Wall Street’s deep, dark secrets.
These practices have been around for decades and have resulted in trillions of dollars being
fleeced from the American public by Wall Street. In the process, many emerging companies have
been put out of business. This report will explain the magnitude of this problem, how it happens,
why it has been covered up and how short sellers attack a company. It will also show how all of
the participants; the short hedge funds, the prime brokers and the Depository Trust Clearing
Corp. (DTCC) - make unconscionable profits while the fleecing of the small American investor
continues unabated.
Why is This Important? This problem affects the investing public. Whether invested directly in
the stock market or in mutual funds, IRAs, retirement or pension plans that hold stock – it
touches the majority of Americans.
The participants in this fraud, which, when fully exposed, will make Enron look like child’s
play, have been very successful in maintaining a veil of secrecy and impenetrability. Congress
and the SEC have unknowingly (?) helped keep the closet door closed. The public rarely knows
when its pocket is being picked as unexplained drops in stock price get chalked up to “market
forces” when they are often market manipulations.
The stocks most frequently targeted are those of emerging companies who went to the stock
market to raise start-up capital.
Small business brings the vast majority of innovative new ideas and products to market and creates the majority of new jobs in the United States. It is estimated
that over 1000 of these emerging companies have been put into bankruptcy or had their stock driven to pennies by predatory short sellers.
It is important to understand that selling a stock short is not an investment in American
enterprise. A short seller makes money when the stock price goes down and that money comes
solely from investors who have purchased the company’s stock. A successful short manipulation
takes money from investment in American enterprise and diverts it to feed Wall Street’s
insatiable greed - the company that was attacked is worse off and the investing public has lost
money.
Frequently this profit is diverted to off-shore tax havens and no taxes are paid.
This national disgrace is a parasite on the greatest capital market in the world.
A Glossary of Illogical Terms – The securities industry has its own jargon, laws and practices
that may require explaining. Most of these concepts are the creation of the industry, and, while
they are promoted as practices that ensure an orderly market, they are also exploited as
manipulative tools. This glossary is limited to naked short abuse, or counterfeiting stock as it is
more correctly referred to.
jimr1717
3 days ago
Newbies DD Updated 🏆️ >>, Marc Walther was found liable in a securities fraud lawsuit...
Complaint:
https://drive.google.com/file/d/1Wpk0lRCJaTOI3dmR_BeSNw6eWtnTt71s/view
Judgement: $397,744.50
https://drive.google.com/file/d/1nZjmmsmCwJlFwm9TR6NvokHH1H3K01uK/view?usp=sharing
And Marc Wallther has been the sole person putting together the disclosure statements. No accountant, no auditor.
Worthless...
That lawsuit was also never publicly disclosed. There is a HUGE gap in the disclosure statements between 2011 and 2018. With statements between 2019 and 2021 extremely lacking.
Marc Walther doesn't pay his bills or judgments either.
--
Another one for fraud... Vito V. Florio vs Marc Walther. This one quite detailed and a doozie...
https://drive.google.com/file/d/1_sjflJICDGkVpJ2wUU7UUSrCplnGo4zF/view?usp=sharing
--
I'll just set this right here...
HYGN and Shareholders Prevail as Judge Imposes Injunction Against Fired CEO Marc Walther
March 20, 2009 14:18 ET
| Source: HydroGenetics, Inc.
MIAMI, March 20, 2009 (GLOBE NEWSWIRE) -- Hydrogenetics, Inc., (Pink Sheets:HGYN) announced today that a Florida State Court Judge in Miami, Florida on March 9th granted an emergency injunction against fired CEO Marc Walther, enjoining him from acting on behalf of the company as an officer and director or making representations to this effect. In the order, the judge ruled that Walther likely would cause irreparable harm to the Company if the injunction was not entered. Walther was fired for cause from both Hydrogenetics, Inc. and Xynergy Holdings, Inc., but refused to step down from the Companies.
The Company is still pursuing damages in Miami-Dade County Florida Circuit Court Against fired CEO Walther for Breach of Fiduciary Duty and intends to seek damages and other relief based on the claim that he fraudulently and improperly issued a massive number of Preferred Shares to himself and a personal friend, Rhonda Windsor, after he was terminated by a majority of the shareholders for cause. The Company deems the preferred shares that were issued by Walther in an attempt to gain control of the Company to be void for the failure of Walter to comply with applicable law. The Company is exploring additional claims related to his acting wrongfully as CEO after being fired.
https://www.globenewswire.com/en/news-release/2009/03/20/394417/11087/en/HYGN-and-Shareholders-Prevail-as-Judge-Imposes-Injunction-Against-Fired-CEO-Marc-Walther.html
https://www.otcmarkets.com/otcapi/company/financial-report/27597/content
.
On January 15, 2009, after notifying Walther of his removal for cause, the company, filed with the Secretary of State of Nevada showing the removal of Walther and his replacement, Ronny Halperin.
On January 16, 2009 the company discovered that Walther, purporting to act as a director, created Series B Convertible Preferred Stock, 250,000 to one voting rights and without shareholders approval, issued it to himself and Rhonda Windsor, his personal friend 45,000,000 shares each as reflected in filings filed with the State of Nevada, one day after he was removed. The filing also changed the address of the corporation. The company has not moved
On January 26, 2009 the Company filed a lawsuit in the Circuit Court of the 11th Judicial Circuit, in Miami-Dade County against the former CEO and director Marc Walther. In part, the court has been requested to uphold the rights of the majority shareholders to vote Walther out of office and to require Walther to return all corporate documents and records that Walther improperly and illegally removed from the corporate office. Further the court is being asked for speedy determination as the removal of these documents which are necessary for the corporation to conduct its business.
https://www.sec.gov/Archives/edgar/data/920749/000110801709000025/xynergy8k.htm
Shows Marc Walthers character. A liar, a thief, a con, and a fraud. And, it shows he's been doing it for a while.