RAP,
If this company is a scam, this scam cannot possibly work without the willing participation of people like Dr. Irwin Goldstien, Dr. Larry Hoffman, Dr. Jackie See, Dr. Darryl See, and Dr. Paul Cimoch.
The real question is this: are these highly reputable scientists and professional would participate in a scam. I guess may be I am too simple minded and therefore I have concluded that no, these people will not be part of a scam.
You apparently have concluded otherwise. In the end we are all entitled to our opinions. Only time will tell who is right. For obvious reasons, I hope I am.
Regarding Kosteck, it appears that the settlement is for the previous work done by them, as indicated in the 8K:
"Walker states that Waite improperly obligated Registrant to issue 100,000 shares to Kostech Data Corporation. Registrant believes that it was previously obligated to issue such shares, that Waite was specifically authorized by the Board of Directors, including Walker, to arrange a settlement with Kostech Data Corporation, and that Waite arranged a settlement on more favorable terms to Registrant that its previous obligation."
Regarding Phase II and III. It is my understanding that the phase II will be after Phase II. The phase II will start in around April this year.
I hope you were out of VVUS before recent decline.
Happy New Year!
Afaq Sarwar |
