You would think that if the Truthseeker was a liar Sarahallitex would file a lawsuit against him. From what I understand Krause has admitted being banned from the Alberta Securities Exchange. He has yet to file a press release to answer the Truthseeker questions. Maybe they can add them to a lawsuit if the Truthseeker has lied about the unscrupulous Canadians that came to our Country to rob and steal us blind. Truthseeker has much more to tell you about these con artists. Maybe you can get the questions answered and post them on this board then we can have a real meaningful discussion.
Truthseeker responds to GARRETT KRABman KRAUSE
In Garrett Krause's document, "The Truthseeker Report" posted on the Sara Halitex web site (www.saraonline.com), Mr. Krause is unable to refute any of the information that has been uncovered about SHAL. Truthseeker has seen this report and has some additional questions, that any current or prospective investor, long or short, in SHAL, should be interested in learning the answer to.
"Long before founding Sara Hallitex Corporation, I had been a private investor, investment banker and consultant operating with many investments worldwide. Through my business dealings, I met a number of global investors interested in financing and building emerging growth companies with the eventual goal of taking these companies public."
A)With what firm were you an Investment Banker?
B)Did any of these "global investors" include Mr. Larry Ryckman?
"Question #1: If this was a stock scam whereby the insiders just wanted to unload stock why did it take until October 31, 1997 to open the stock on the market?"
The answer to Mr. Krause's "Question #1" sadly can be answered only by him. However, some possible answers include the lack of finding a market maker willing to sign off on a 15c211 form and actually make a market in the stock of SHAL.
"The Wilmington Group of Companies was, and continues to be, one of the primary investors in Sara Hallitex Corporation long before the Company was even created. I previously served as Managing Director for the Wilmington Group of Companies the primary catalyst and forefront to Sara Hallitex, providing most of the early financing and organizational support for the Company during its formative stages. Wilmington Capital currently operates as the resident agent and incorporator for a number of new Nevada companies."
Mr. Krause fails to mention in his letter the involvement of Mr. Larry Ryckman in Wilmington Rexford, one of the Wilmington Companies. However, in an old press release, from June 10, 1998, Mr. Krause states "Ryckman at one time was associated with Wilmington Rexford Inc., the company's investment-banking and public-relations company, as an advisor to assist Sara in certain investment-banking objectives."
C)What were those objectives?
D)What interest does Ryckman have in Wilmington Rexford?
E)What interest does Ryckman have in the other Wilmington Companies you refer list?
F)What was Ryckman's position at Rexford?
G)Were you ever an employee of Mr. Ryckman?
H)If Wilmington was the "primary catalyst" for SHAL, and Ryckman is involved in Wilmington, is it true to say there is "no connection" between SHAL and Ryckman.
I)Where is there any disclosure of Wilmington's holdings in SHAL stock?
J)Is Wilmington not a related party?
K)Is Wilmington a greater than 5% holder of SHAL stock?
L)Of SLNN stock?
M)Of ULAB stock?
N)Of JNUS stock?
O)Is Ryckman a holder of SHAL stock?
P)Of SLNN stock?
Q)Of ULAB stock?
R)Of JNUS stock?
"Mr. Holmes Stoner, Jr. is President of Wilmington Rexford, Inc., a U.S.-based investment company that has invested in Sara Hallitex Corporation companies since 1995. Up until the middle of 1996 I was President of these companies acting on behalf of my investments and my international investor group. I resigned all positions with these companies in August of 1996. Mr. Stoner took over all day-to-day operations to represent the best interest of the shareholders of these companies and investment partnerships."
"Today, Mr. Stoner is still active in the further investment of Sara Hallitex Corporation through the Wilmington Group of Companies. The Wilmington Group has supplied capital to fuel our expansion allowing us to be in the position we are in today. Mr. Stoner now assists the Investor Relations Department of Sara Hallitex Corporation."
"I resigned from Wilmington Capital, LLC back in late 1996. After talking to the company's attorney, I learned that the new management of Wilmington Capital, LLC had not filed the 1997 or 1998 new Board of Directors notice. Consequently, my name still appears as the company contact according to the State of Nevada. Again, my resignation became effective on the books and records of the corporation on August 1996."
S)Isn't the "new management of Wilmington" the very same Holmes Stoner Jr. that works for SHAL as an IR flack?
T)Is it really conceivable that you would not remind a person you must come into contact with as frequently as Mr. Stoner, to update the LEGAL records of Wilmington?
Remember Mr. Krause, the State of Nevada documents are the LEGAL records, your own books could easily be doctored and postdated.
"Back when shareholders were asking for more information on Sara Hallitex Corporation, I asked Mr. Stoner of Wilmington Group of Companies to prepare a report giving the shareholders some facts on the Company. After supplying Mr. Stoner with pertinent information, he then issued what is now the Famous FutureVest Stock Report from Financial Stock Marketing. This report was named FutureVest after a concept that had been worked on at the time with FutureVest America, LLC. Again, I am not the owner of FutureVest Stock Report of Financial Stock Marketing, Inc., but was the original incorporator of these companies through my original position with Wilmington Capital, LLC (Nevada Registered Agent.)"
U)Was it ever disclosed in this "Stock Report" that the issuer was, at the very least, a Related Party?
V)What is the relationship between "Financial Stock Marketing" and Future Vest America LLC, which shares an address with the other Wilmington Companies, and filed to sell a large block of SHAL stock in late summer 1998?
W)Was this stock payment for the report?
X)If it was payment was this disclosed?
Y)If it was not payment, how did Future Vest America LLC, a related party, obtain the stock?
"Why have you used existing shell companies to do your SaraIPO deals? And are you planning to continue this method in the future?"
"Sara Hallitex Corporation has been successful in this arena and will continue to transact some of its SaraIPO's using this technique."
Z) Mr. Krause, why do you continue to claim that these shell deals are IPO's?
They clearly are not IPO's. An IPO, by definition is the very first (Initial) offering of stock to the public. If a vehicle is already public, as is the case in a shell, then you are not performing IPOs, you are performing reverse mergers. Statements calling them IPOs are clearly misleading.
Mr. Krause, your comparison of the SHAL shell reverse mergers to Goldman Sachs is a non-sequiter at best, and misleading at worst. SHAL and its SHELL progeny trade on the relatively unregulated OTCBB, an exchange with no reporting or asset qualification standards. Goldman Sachs (GS), on the other hand, trades on the NYSE, the most stringent of all the exchanges.
AA)How successful have the SHAL shell reverse merger's really been?
BB)Do any of them trade above their "first day" under the new ticker symbol and post-reverse-split prices?
CC)Concerning the shells, why have you not mentioned that you controlled at least one of the shells that you have reversed-merged one of your SHAL progeny into, specifically, Ice Age (OTCBB ICAG, now called Janus JNUS), which the State of Nevada records clearly show you as controlling?
DD)If this is the case, how much free trading stock did you own in this shell before the reverse-split, name-change, false "IPO"?
"THEY ARE ABLE TO PROFIT FROM OUR SHAREHOLDERS' LOSSES AND THAT IS A CRIME."
Mr. Krause, this is another of your spurious claims, short-selling is not illegal, therefore not a crime.
Truthseeker
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