The investment banker who took MTXX/GUMM public in April of 1996 was Howard Davis at Kensington Securities/Capital with offices in both Scottsdale AZ and Brooklyn NY. He is now a Vice President at GNLN. Mr. Davis also took Intelli-check (Amex: IDN), public in 1999 as a GNLN banker. IDN supposedly sells check verification systems but is a well known tout of Ray Dirks that has minimal revenues but a lot of stock sales. As a final example, GNLN was the investment banker of record for Nephros, which never made it public due to fact that it was a Michael Lauer/Lancer Funds controlled company (withdrawn 3/28/03).
Management and Directors of MTXX are associated with many delisted and bankrupt companies:
Kenneth Waters, Director: Former Director RiverDeep RVDP(halted and delisted) and Microage (bankrupt)
William J. Hemelt, Exec VP & CFO: Former Director Gum Tech Intl and Gumtech Intl both of Utah entities merged into MTXX). Great American Backrub RUBB (now IDII) now a delisted shell company formerly Pleasure Inc.
Edward E. Faber, Chairman: Cotelligent, Inc. CGZTE a shell company now listed on the OTCBB. Also on the board of RUBB/IDII with Hemelt. Edward E. Faber Chairman has been integral in the establishment and growth of several highly successful public companies, including SuperCuts, Inc.,
This is what Herb Green stated about the "successful company" Supercuts inc in a Street.com article titled:"Tips for the Timid: How to Detect Financial Fraud and Other Stock Shenanigans By Herb Greenberg
Senior Columnist 2/11/00 10:40 AM ET"
"Look for a revolving door of CFOs. And if the company is losing CFOs or other top execs, with any frequency, you might want to check local courts for any wrongful termination suits. Years ago, I was tipped off that a former CFO of Supercuts, the haircutting chain, had filed a wrongful termination suit against the company. It was full of all kinds of allegations. Turns out his predecessor did the same. That company eventually crashed and burned, and the CEO was kicked out."
Gary Kehoe, Officer & Director: Also a director of IDN (Inteli-check see above), Gum Tech Intl and GumTech Intl. (see above)
William Yuan, former Director (recently resigned), Director of CyberCenters/ICHC/ICHCE/LEST now delisted from the OTC BB.
R. Steven Davidson who founded Gel Tech which was purchased by MTXX for $17 million has a very questionable PhD/MBA education from a diploma mill in Spain
Further research is on going |
