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Truthseeker responds to GARRETT KRABman KRAUSE.
In Garrett Krause's document, "The Truthseeker Report" posted on the
Sara Halitex web site (www.saraonline.com), Mr. Krause is unable to
refute any of the information that has been uncovered about SHAL.
Truthseeker has seen this report and has some additional questions,
that any current or prospective investor, long or short, in SHAL,
should be interested in learning the answer to.
"Long before founding Sara Hallitex Corporation, I had been a private
investor, investment banker and consultant operating with many
investments worldwide. Through my business dealings, I met a number
of global investors interested in financing and building emerging
growth companies with the eventual goal of taking these companies
public."
A)With what firm were you an Investment Banker?
B)Did any of these "global investors" include Mr. Larry Ryckman?
"Question #1: If this was a stock scam whereby the insiders just
wanted to unload stock why did it take until October 31, 1997 to open
the stock on the market?"
The answer to Mr. Krause's "Question #1" sadly can be answered only
by him. However, some possible answers include the lack of finding a
market maker willing to sign off on a 15c211 form and actually make
a market in the stock of SHAL.
"The Wilmington Group of Companies was, and continues to be, one of
the primary investors in Sara Hallitex Corporation long before the
Company was even created. I previously served as Managing Director
for the Wilmington Group of Companies the primary catalyst and
forefront to Sara Hallitex, providing most of the early financing and
organizational support for the Company during its formative stages.
Wilmington Capital currently operates as the resident agent and
incorporator for a number of new Nevada companies."
Mr. Krause fails to mention in his letter the involvement of Mr.
Larry Ryckman in Wilmington Rexford, one of the Wilmington Companies.
However, in an old press release, from June 10, 1998, Mr. Krause
states "Ryckman at one time was associated with Wilmington Rexford
Inc., the company's investment-banking and public-relations company,
as an advisor to assist Sara in certain investment-banking
objectives."
C)What were those objectives?
D)What interest does Ryckman have in Wilmington Rexford?
E)What interest does Ryckman have in the other Wilmington Companies
you refer list?
F)What was Ryckman's position at Rexford?
G)Were you ever an employee of Mr. Ryckman?
H)If Wilmington was the "primary catalyst" for SHAL, and Ryckman is
involved in Wilmington, is it true to say there is "no connection"
between SHAL and Ryckman.
I)Where is there any disclosure of Wilmington's holdings in SHAL stock?
J)Is Wilmington not a related party?
K)Is Wilmington a greater than 5% holder of SHAL stock?
L)Of SLNN stock?
M)Of ULAB stock?
N)Of JNUS stock?
O)Is Ryckman a holder of SHAL stock?
P)Of SLNN stock?
Q)Of ULAB stock?
R)Of JNUS stock?
"Mr. Holmes Stoner, Jr. is President of Wilmington Rexford, Inc., a
U.S.-based investment company that has invested in Sara Hallitex
Corporation companies since 1995. Up until the middle of 1996 I was
President of these companies acting on behalf of my investments and
my international investor group. I resigned all positions with these
companies in August of 1996. Mr. Stoner took over all day-to-day
operations to represent the best interest of the shareholders of
these companies and investment partnerships."
"Today, Mr. Stoner is still active in the further investment of Sara
Hallitex Corporation through the Wilmington Group of Companies. The
Wilmington Group has supplied capital to fuel our expansion allowing
us to be in the position we are in today. Mr. Stoner now assists the
Investor Relations Department of Sara Hallitex Corporation."
"I resigned from Wilmington Capital, LLC back in late 1996. After
talking to the company's attorney, I learned that the new management
of Wilmington Capital, LLC had not filed the 1997 or 1998 new Board
of Directors notice. Consequently, my name still appears as the
company contact according to the State of Nevada. Again, my
resignation became effective on the books and records of the
corporation on August 1996."
S)Isn't the "new management of Wilmington" the very same Holmes
Stoner Jr. that works for SHAL as an IR flack?
T)Is it really conceivable that you would not remind a person you
must come into contact with as frequently as Mr. Stoner, to update
the LEGAL records of Wilmington?
Remember Mr. Krause, the State of Nevada documents are the LEGAL
records, your own books could easily be doctored and postdated.
"Back when shareholders were asking for more information on Sara
Hallitex Corporation, I asked Mr. Stoner of Wilmington Group of
Companies to prepare a report giving the shareholders some facts on
the Company. After supplying Mr. Stoner with pertinent information, he then issued what is now the Famous FutureVest Stock Report from
Financial Stock Marketing. This report was named FutureVest after a
concept that had been worked on at the time with FutureVest America,
LLC. Again, I am not the owner of FutureVest Stock Report of
Financial Stock Marketing, Inc., but was the original incorporator of
these companies through my original position with Wilmington Capital,
LLC (Nevada Registered Agent.)"
U)Was it ever disclosed in this "Stock Report" that the issuer was,
at the very least, a Related Party?
V)What is the relationship between "Financial Stock Marketing" and
Future Vest America LLC, which shares an address with the other
Wilmington Companies, and filed to sell a large block of SHAL stock
in late summer 1998?
W)Was this stock payment for the report?
X)If it was payment was this disclosed?
Y)If it was not payment, how did Future Vest America LLC, a related
party, obtain the stock?
"Why have you used existing shell companies to do your SaraIPO deals?
And are you planning to continue this method in the future?"
"Sara Hallitex Corporation has been successful in this arena and will
continue to transact some of its SaraIPO's using this technique."
Z) Mr. Krause, why do you continue to claim that these shell deals
are IPO's?
They clearly are not IPO's. An IPO, by definition is the very first
(Initial) offering of stock to the public. If a vehicle is already
public, as is the case in a shell, then you are not performing IPOs,
you are performing reverse mergers. Statements calling them IPOs are
clearly misleading.
Mr. Krause, your comparison of the SHAL shell reverse mergers to
Goldman Sachs is a non-sequiter at best, and misleading at worst.
SHAL and its SHELL progeny trade on the relatively unregulated
OTCBB, an exchange with no reporting or asset qualification
standards. Goldman Sachs (GS), on the other hand, trades on the NYSE,
the most stringent of all the exchanges.
AA)How successful have the SHAL shell reverse merger's really been?
BB)Do any of them trade above their "first day" under the new ticker
symbol and post-reverse-split prices?
CC)Concerning the shells, why have you not mentioned that you
controlled at least one of the shells that you have reversed-merged
one of your SHAL progeny into, specifically, Ice Age (OTCBB ICAG, now
called Janus JNUS), which the State of Nevada records clearly show
you as controlling?
DD)If this is the case, how much free trading stock did you own in
this shell before the reverse-split, name-change, false "IPO"?
"THEY ARE ABLE TO PROFIT FROM OUR SHAREHOLDERS' LOSSES AND THAT IS A
CRIME."
Mr. Krause, this is another of your spurious claims, short-selling is
not illegal, therefore not a crime.
Truthseeker |
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