FUGITIVE ON HVSF BOARD OF DIRECTORS
..............atomic batteries to power...............turbines to speed...............
This is Batman.
Remain calm, citizens.
This is a fast breaking story and is still evolving as I write. Where do I start. We've got a lot of ground to cover tonight, folks. I think the best thing to do given the amount of material we have to cover is to break the post into about half a dozen separate posts of more manageable lengths. Still, the posts are going to be long, so be forewarned. I will post additional posts over the weekend as developments occur. First, an overview:
It has now been conclusively confirmed that Harvard Scientific had a fugitive on its Board of Directors. He was then, and is now, wanted on charges of forgery, theft and bank fraud. He is also wanted on a separate charge of passing bad checks. Again, this separate charge both pre-dates his HVSF Board membership and is currently outstanding, i.e. he is still currently a fugitive as you read this. He also has a variety of outstanding civil court judgements against him that remain unpaid; these also pre-date his HVSF Board membership. This director left the HVSF Board on or around December 1995, but continued to subsequently maintain strong links with HVSF by living with the company's president.
Now, the details. As many of you know, I am new to HVSF and S.I., and have an interest in tracking down frauds. Also, my method of investing concentrates on performing a DD on the backgrounds of the individuals involved rather than concentrating on the products, etc. While reading the HVSF thread, I immediately noticed that nobody was looking into the backgrounds of the HVSF "team", but were instead concentrating the company's supposed product. My first port of call was to run a search on the Alta Vista search engine for Jackie See, the central figure behind this company. This instantly turned up SEC documents, but it was for a company called "Interactive Medical Technologies Ltd", not HVSF. I clicked on the site and began reading. Basically, to make a long story short, Jackie See is the co-founder of Interactive Medical Technologies. He co-founded it with another physician by the name of Dr William Shell, a Beverly Hills cardiologist. The company they originally founded was called "See/Shell Biotechnology Ltd" [off topic: does this have a familiar ring to it? See/Shell. Waite and See.]. This company, See/Shell Biotechnology morphed itself into Interactive Medical Technologies through a reverse merger. There was no IPO (again, does this have a familiar ring to it?). At the time, and up until about five years ago, there were about 5-10 million shares outstanding, and the shares were trading in the $2-$3.50 range. Fast forward to 1998. This company is dead on the floor with no sign of life. After pumping the company up by issuing an additional 400 million (!) shares, there is still no pulse. They have tried everything--even changing the company's ticker symbol (now "NONI" for those of you who are brave enough to look at the chart). Last week, the company's share price hit yet another all-time record low of 2 cents per share. But a public company still it was, and that was all that I had to go on. So I called the company and asked if anybody there could talk to me about Jackie See. They referred me to Dr Shell's private medical office.
At this point, for you folks who are hard information buffs, I give you the following contact information:
Interactive Medical Technologies Ltd
2139 Pontius Avenue
Los Angeles, California 90025
Tel: (310) 312-9652
Fax: (310) 473-5442
Dr. William Shell
Suite 407
300 South Beverly Drive
Beverly Hills, California 90212
Tel: (310) 277-0493
Fax: (310) 277-7136
I called Dr Shell's medical office, but got only the receptionist. She said Dr Shell wasn't in the office at the moment but she could get a message to Dr Shell. I said that I wanted to talk to him about Dr See, his partner, and that I would call back. I called back and Dr Shell still wasn't in, but there was now a message for me that I should telephone a Mr Molson at a number in London, England, and that he could answer any questions I had about Jackie See. Again, for you hard information buffs, the number is (as dialed from the United States) as follows: 011-44-956-219052.
So I dialed the number, and a man answered, and I asked if I was speaking to Mr Molson, and he said I was. I identified myself, and asked him if he could tell me about Jackie See. He asked me why I wanted to know and where I had gotten his telephone number from, and I told him. He said he couldn't talk at the moment, and asked me to call him back in half an hour, which I did. The same man answered the telephone, and I again asked him if he could tell me about Jackie See. He asked further questions of me, and asked for information that he could verify so that he could be assured of who he was speaking to (strange, don't you think?). I gave him some information, and he told me to call him back later that evening London time, which I did (it was around midnight London time). I again asked him if he could tell me anything about Jackie See or Harvard Scientific . . . . which he proceeded to do.
Oh brother, if you only knew the half of it. People, this thing has a stench to it that you wouldn't believe.
Molson and I spoke for about an hour and a half. It quickly became obvious that the number that I had been given was a mobile telephone number in England. As a condition of his talking to me, he requested (although it is in reality unenforceable) that I not release information obtained from him without his prior approval, i.e. he would talk to me about See, but he wanted control over the release of it. I agreed to this (I had no choice, but, again, in all probability it is unenforceable--not that I am going to violate the trust, but I am simply stating it as fact).
Of what he told me, this is what he agreed upon for release (and people, this is only a small portion of what we discussed):
He said that he had been a business partner of Jackie See's for roughly a decade. That he had also done business with one of his sons. He said that he had been introduced to the Sees by a man named Eric Savage, and that Savage had been a director of Harvard Scientific until approximately December 1995 when he had an argument with See and left the company. For you hard information buffs, he gave Savage's contact info as follows:
Eric Savage
2695 Calypso Court
Las Vegas, Nevada 89121
He said that he had, "unfortunately" known Savage for approximately 15 years, since first meeting him in Saudi Arabia where he, Molson, was working, and Savage was doing an arms deal. He stated that Savage's primary association with HVSF was through his directorship with the company which came about as a result of his being involved with a home AIDS-testing kit that HVSF had planned to market [this is confirmed through HVSF's SEC filings]. According to Molson, the reason why the home AIDS testing kit was withdrawn was because the FDA had withheld approval [confirmed by SEC filings] because those testing positive had suffered severe mental distress without the help of trained professionals, thus the FDA had banned it [confirmed through HVSF's SEC filings]. But, according to Molson, Savage was short of money and wanted to sell the home AIDS testing kit in the United States anyway [to hell with the law] . . . by running a mail order scheme from someplace like Mexico or the Bahamas, whereby the kits would be sent into the US in brown paper wrappers to pre-paid customers. See didn't want to fund it, and Savage, being short of money (apparently a perennial problem), threw a fit, and the business relationship between See and Savage soured. Savage either left or was removed from the Harvard Scientific Board of Directors (Molson isn't sure) on or about December 1995. When Savage left HVSF at that time, he had approx 80,000 shares of HVSF stock, and HVSF was "trading" at $16 share. With a potential overhang on the market of 80,000 shares [forget reported volume; that is bogus on most BB stocks; see recent Business Week article affirming same], Savage effectively held HVSF's stock price "hostage" [Savage's term, according to Molson], and the stock price dropped from $16 to $1 per share. That was the first price collapse which you will see on a multi-year price graph of HVSF]. On or about that time (Molson thinks it was before December 1995), one Neal Armstrong became President of Harvard Scientific. This Neal Armstrong, although having the same name as the first man on the moon, is not his son . . . . . . he is his nephew. According to Molson, although Savage had had a falling out with See, Neal Armstrong lived with Savage at Savage's home in Las Vegas. This situation persisted until approx December 1996 when Armstrong was also given the boot (the company issued a press release saying the previous management had not been "conducive" to the success of the company [confirmed in SEC filings]. As part of their parting, HVSF (Jackie See) agreed to give Armstrong $10,000 plus 200,000 shares of HVSF stock.
But the truly stunning information that Molson passed on to me (and which he agreed for release) is that Savage was a fugitive at the time of his first being appointed to the Harvard Scientific Board of Directors, and is a fugitive to this day. Let's be specific and name some names, addresses and telephone numbers. Savage is wanted in Bahrain for writing bad checks. He apparently wrote bad checks to one Sheikh Hadi Al-Alowi (or Sheik Hadi Al-Alowi guaranteed them) for a $4,000 hotel bill at the Manama Holiday Inn in Bahrain and for a one-way ticket from Bahrain to London. The check was drawn on the "Grafton Street" branch of Allied Irish Bank in Dublin, Ireland.
For that matter, Molson gives Savage's info as follows:
Full name: Eric Noel Savage
DOB: 12/25/53, born Bray (Bri Chualann), south of Dublin, Ireland
US social security #215 66 5938 (green card holder)
Mother's maiden name: Woodford
Passport # L002246, issued Dublin, July 8, 1987, expires July 8, 1997 (no info on current passport)
In 1989, Molson says he and Savage were in Ecuador, and that he (Molson) left in late 1989, and that Savage stayed on and ended up committing a bank fraud in Ecuador by inducing a local bank, one Casa Paz Bank, to advance Savage monies on a company check (one "SAM International, a Liechtenstein corporation) signed by him as one of the company's directors. The cheque was accompanied by a letter from Savage on company letterhead with corporate guaranteeing the check. One problem: Savage was never a director of the company, the letterhead was forged as was the corporate seal, and the check was bad. Savage fled the country before he was arrested. He is now wanted on charges of forgery, theft and bank fraud. Molson says I can independently verify the above by contacting either the Liechtenstein lawyer that is the actual bona fide director of the company:
Dr. Otto A. T”ndury
FL-9497 Triesenberg
Bergstrasse 389
Post Fach 777
Liechtenstein
Telefon 011-41-75-28333
Telefax 011-41-75-27989
Telex 889418
Alternatively, you can call:
Mr Frank Ryan, Partner
O'Brien & O'Toole
Government Stockbrokers
36 Dame Street
Dublin 2
Ireland
Tel: 011-353-1-679-8066
Fax: 011-353-1-679-1292
and ask him about the Eric Savage forgery of the Aran Energy share proceeds (the monies were the result of a sale of Aran Energy plc shares).
Is that good enough for you hard information buffs?
People, the above is no joke. I am holding in my hand as I write this a copy of Savage's arrest warrant that Molson faxed to me today. It's written in Spanish with Spanish seals, but I know a little Spanish and called Ecuadorian police in Quito, Ecuador, on 011-593-2-459811 and, after a lot of run-arounds, finally confirmed that an arrest warrant is outstanding on Savage. This was today, Saturday. I plan to call the bank, Casa Paz Bank (address: Edificio Proinco Calisto, Avenida Amazonas y Robles, Quito, Ecuador, tel: 593-2-564500/900, and speak to the manager, one Rafael Erazo) on Monday. I will let you know the results in a post.
I will post the Spanish copy of the text tomorrow or Monday, and perhaps somebody on this thread who knows Spanish can translate it for me. Again, I don't know much Spanish, but I can recognise when the document says "CAPTURA" and refers to Mr Savage, it is literally calling for his "capture".
By the way, Molson has agreed to the publishing of his mobile telephone number above. If you want to telephone him, he is willing to pick up the mobile phone charges on his end if you are willing to pay for the international call on yours (United Kingdom is about 10-15 cents/minutes depending on your carrier). He says he will carry a couple of extra batteries around with him this weekend and will field your calls. If the line is busy, keep trying. And remember, London is 5 hours ahead of New York, 8 hours ahead of Los Angeles.
People, I don't post the above information lightly. I am well aware that posting false and defamatory information can lead to being kicked off S.I. Certainly, if the above is false in any material manner, I am going to get kicked off . . . but I don't see how I can: I've got a copy of Savage's arrest warrant in my hand, I've verified it with Ecuadorian police, HVSF's own SEC filings contain Savage's name all over them. If I am wrong, or am missing something, somebody please tell me. I don't think I'm wrong. I think HVSF had a fugitive on its Board of Directors. People, we're talking about a real live walking talking fugitive here. And you're thinking about investing in this company???????
Now for the kicker: If you think the above has shocked you, you ain't seen nothing yet. I am now going to tell you that I, Batman, am going to go long on this stock on Monday. You might ask why. Good question. I can tell you that I, Batman, am in possession of genuine inside information as a result of my investigation that leads me to believe that this stock is going to go up (to be more accurate, it is going to be "ramped", indeed to be even more accurate, it is going to be "successfully ramped") in the near future. By "the near future", I mean in the next 30 days. People, swindlers are in control of this stock. In fact, I believe that the outstanding float is so small now (and thus the swindlers' ability to control stock price movement) that even though I post the above negative information, that they can withstand the above and indeed simply ignore it. Tom Waite won't lose a minute's sleep over any of the above.
People, I think this thread has come down to the following: all amateurs, arm-chair speculators, and mass public investors: clear out of this stock. Now. There are only two groups of people qualified to play this game at this stage:
(1) Professional criminals. You know who you are. This group will number only a handful.
(2) Highly specialised anti-crime anti-fraud anti-swindler big-boys who can afford to play this game. This group will also only number a handful.
And I know most of the member of both groups in this stock.
People, clear out of this stock now. It's going to get nasty. If you are an arm-chair investor and you must insist on staying in this game/swindle for the thrill of it, invest only a few thousand dollars or so. And expect to walk away with nothing. I'm telling you now, even though I plan to go long on Monday, I believe that this stock, this ghost company, will end up at zero in a year or two. Most of the crash will occur in the next 9 months (but, again, my inside information leads me to believe that there will be a dizzying climb first).
I have a function to attend to tonight, people, and I am running late. I didn't get to post as much information as I wanted to, and apologise if I have let any people down. Therefore, I will have to adjourn this post and continue tomorrow. I will try to post every day during the week, although I very busy during week and weekend posts are much better. Nonetheless, I will try to post at least daily.
Special message to Jack Garne a/k/a Tom Waite (and Don Roberson, Dan Dieffenwierth, Afaq Sarwar, etc, etc): Hey, buddy, we're on the same side in this thing. Both long. The difference is you're gonna end up in prison and I'm not.
You guys don't know what you're dealing with when it comes to Batman.
Come on, Tom, now go out and make some money for me on Monday. I have confidence in your abilities
People, no doubt, in retaliation for this post, I predict attempts will be made to remove my batcowl. Ignore everything you hear. Listen to it, and enjoy, but ignore it. Remember, truth wills out in the end.
Yours,
Batman
P.S.--Batman thinks he has found our elusive Mr Savage over on S.I.'s NVID thread. On that thread you will find a flat out denial by "Eric Savage" of his board membership . . . or is it a denial??? After all, he simply refers you to HVSF's CURRENT SEC filings, which correctly indicate that he is not a current board member. I put this to the NVID shareholders/thread watchers: Savage has lied to you and it is HE that is a plant. My question: how many people did HE lure into NVID? The common link between these two frauds is Savage.
POSTSCRIPT: TOMORROW'S EPISODE: THE UNMASKING OF DON ROBERSON AND DAN DIEFFENWIERTH |
