Re: The Saowani scheme exposed
Recall from the Stockwatch article:
In mid-July, Trump trumpeted a proposed reverse takeover of Saowani Development, a company based in the Democratic Republic of Madagascar. Mr Sklar was named a director of Trump, along with a man named Dror Morodov. In the proposed deal, Mr Morodov and Ms Saowani Chuaiphan planned to sell Saowani Development for three million shares of Trump.
So, now we know Saowani Development is a Morodov owned company.
Now, let's see go back to ABFG's first press release:
American Benefits Group, Inc., makes an acquisition.
Deerfield Beach, Florida: American Benefits, in exchange for Three Million (pre-split) Common Shares of the Company's restricted (pursuant to Rule 144) Common Stock, has acquired 90% of the issued and outstanding stock of Saowani Developments s.a.r.l. ("SAO") a Company incorporated in the Democratic Republic of Madagascar. SAO has joint ventures for thirteen mining perimeters (properties) and has options to Joint Venture on an additional two Emerald perimeters. abfg.com
From this we may conclude ABFG gave six million shares (post split) to Dror Moradov, a director. That's $6,000,000 US given to an insider for property on which the company says (later in the press release) they haven't even purchased "mining equipment to perform feasibility tests which will assist in determining the economic viability of the perimeters"!
Can anyone figure out perhaps why the Canadian authorities didn't allow such a deal to go through? Anyone still actually trust management any more?
- Jeff |
