Q. How did you acquire the stock in Laforza that you had to give up?
A. Don't ask me for exact numbers or even approximate numbers because I have no idea. I do not remember. But there was a big block, or for me a big block, of stock that was coming to -- when I say me, I'm referring to John Rivera as CEO and chairman of the board of USSE. Acting on that capacity, there was a large block of stock of, quote, "insiders of free-trading stock" that we were going to get. And, you know, I thought that was wonderful. But then they said that this guy had to get so many million shares, and that guy had to get so many million shares. And then, you know, Joe Fiore's people had to get so many shares because he put the deal together. And Jens Dalsgaard had to get so many shares. And, you know, they said that they would have the stock selling at a dollar in 90 days. And, you know, that was going to pay for websites, and it was going to pay for PR firms. I want to say 5W or something like that.
Q. I've seen that name.
A. Something -- oh, the Wall Street Journal Review, you know, pay for that. So, anyway, there was a large amount of stock that -- and I said, well, why doesn't the company just distribute the stock? And they says, well, if you put it into the company's treasury, it all becomes restricted. That's why you have to put it into individual names like it is now.
Q. Did you pay for your portion of the Laforza stock?
A. Excuse me?
Q. Did you pay for the portion that you – of Laforza stock that you received?
A. Only by putting my technology into the company.
Q. All right. So you were given stock in Laforza, which became USSE, in consideration for the technology license that you granted to the company?
A. That is correct.
Q. All right. And I have noticed last week when we were here that Ms. Price appears to have purchased some number of shares of Laforza in the open market. Are you familiar --
A. Yesterday?
Q. I didn't say yesterday.
A. Sometime in the near --
Q. I remem -- I remember when we were here last week and looking at brokerage accounts, that Ms. Price, now Mrs. Rivera, --
A. Yeah.
Q. -- purchased a certain amount of Laforza stock in the open market. Are you familiar with that?
A. No, I'm not.
Q. Okay. Now, what was the corporate shell that was the predecessor of Sustainable Power Corporation?
A. What was the corporate shell that was the predecessor of Sustainable Power Corporation?
Q. Yes.
A. There was no predecessor.
Q. Well, that was another corporate shell. There was another corporate shell out there that we – that Sustainable Power Corp. merged into, wasn't there?
A. Sustainable Power Corporation merged into Laforza Automotive.
Q. U.S. Sustainable Energy merged into Laforza. Sustainable Power merged into somebody else, the name of which escapes me right now.
A. Please take back all testimony that I just gave on Laforza. I had the companies mixed up. And the testimony which I just gave on Laforza, okay, was not Laforza. I misunderstood. I confused USSE with SSTP.
Q. Okay.
A. If you want to substitute SSTP with USSE, the testimony is accurate.
Q. What's the name of the other shell? Do you remember? Clear?
A. Hmm?
Q. Was it Clear something?
A. Some weird name.
Q. No matter. Well, here, I have a source of information.
A. I can't believe I did that. But that's just so damn convoluting, it would mix Einstein up.
Q. I think, in fact, Mr. Rivera, you were correct about USSE and Laforza. And the other company here --ah, how about the name Offshore Creations? Does that --
A. Bingo.
Q. -- ring a bell?
A. That is Joe Fiore.
Q. That one is Joe Fiore, too?
A. Absolutely, yes.
Q. And it's the same sort of transaction that you've just described?
A. The transaction that I just described was for Laforza, okay, with the Offshore Creations. That was a shell that Joe purportedly could get. I later found out that it was always his. You know, more of the fraud. And basically the same scenario. Only this time where Jens got the lion's share of the stock from Laforza, Joe got the lion's share of the stock. Joe and Jens got the lion's share of the stock from Offshore Creations.
THE WITNESS: And I need to go off the record and out of here for three minutes.
MR. RUE: That's fine with me. Let's go off the record.
THE VIDEOGRAPHER: The time is 1:34 p.m. We're off the record.
OCR extract Doc 102 PDF file scribd.com |