investor2004
3 years ago
Well, I remember reading something over the past year here that was posted(do not remember when), that was a court filing saying he had been arrested I believe. Not sure though. But ya, on the bonds....failing my memory...remember the number being somewhere around 12 million?
Most interesting thing to me thos was the fact that ANYONE with a brain would loan that amount of money through bonds to basically an OTC stinky pinky that had a no asset leasing company reverse merged into it. Ultimately, interestingly, with that money Victor supposedly purchased a hand full of large jet engines that needed to be rebuilt. He took them to a company that he was affiliated with(back then when I invested, everyone thought that the rebuild company was going to be merged...but it was not). Think it was called Turbine engine center or something like that. Anyway, so Victor gave them the engines to rebuild. Well, months went by and I guess low and behold....all of a sudden it was relayed to the Bond Holders that THE REBUILD CENTER HAD MISPLACED THE ENGINES!(supposidely) Victor supposedly went back and fourth with the rebuild center and finally ended up suing them because they had not idea what happend to the engines as well as I believe either he or TURA was also sued by the bond holders. That is the last I remember hearing about it or reading posted on here years back.
Anyway, makes me wonder if those two lawsuits through discovery brought forward information that was criminal in those investigations for civil suits. Thus, that could have lead to eventually Victor being charged and put in jail based on that evidence? Not really sure. That is just a hunch.
So, of course, with all that happening there was always a potential that TURA could win the suit against the rebuild center. Not sure whatever happened though. And of course, not sure what happened with the bonds either. So, ultimately, understanding all that history hanging over this, there could be a lot of hands in the pot if in fact this was ever resurrected. That could be some of the reason it is not and will not be at any point in the future. I have a small investment here still. However, I also understand considering all this, and OMNI backing out of the custodial application, this one looks like a long shot at the track at this point. Based on how OMNI pumped this though, if in fact I am right, really feel bad for anyone who was recently sucked into this. OMNI should be held responsible for that part.
JPGetty
3 years ago
Interesting stuff. I am always suspicious that those representing the company eavesdrops into our boards here to get a feel for what the investors are thinking. And that looks like what may have transpired with your inquiry.
I even wonder if that "guy" was posting propoganda into the posts to stir up buying of shares of TURA. A review of members who posted here may show that, unless his account and his posts were taken down, deemed no longer a member.
A heck of a way to scam -- start up a fake company, create it to IHUB boards, post info that makes it look like great things are on the way, and sell shares, reaping in the loot as you go.
Wouldn't be hard.
And that may have been exactly what this guy did.
JPGetty
3 years ago
Good investigation by you, 2004.
Not sure how to proceed.
I only had shares from the previous owner, which had been R/S'd to death, so I had very little number of shares.
Still, wished I had sold at over $3, but got greedy.
I think it would have had to go to over $30 a share for me to have broken even on this, as I put a bunch into it back in the day before all the splits.
See everyone in a few years when this may get attention from some other proprietor who may be adventurous and aggressive and take this on another run up.
Good trading to all.
investor2004
3 years ago
FINAL NAIL-PROOF IT IS OVER FOR TURA(AND OMNI IT APPEARS)
Here is a link to the custodial case. Unfortunately on 9-10 a filing was made withdrawing Omni's request as custodian. So, we are back to being a dead stock. Sorry guys. Not sure what else to say. Sorry for anyone who lost big on this. Glad I only bought a little when I bought back in and did not get fully lured into the hype. Like I said, at this point, looks like may have been a scheme exactly like I was guessing. Of course could be wrong and they could have just realized it was going to be to much money they did not have to get things back on track so just gave up. Who knows, but IMHO they definitely should have some questions asked based on the timing and the fact that all these stocks were going to be restricted only a few months after they did this. Timing is very suspect and trades should definitely be looked at IMHO. But as usual, who knows if anything will happen.
https://www.clarkcountycourts.us/Anonymous/CaseDetail.aspx?CaseID=12117962
investor2004
3 years ago
OK, weird. I said that the other day about the twitter account still being active. NOW IT IS GONE! May be time to report Mr. Yannapolis and Omni to the SEC and maybe the AG in the state where Omni resided. Obviously he must be watching this board I am guessing if they immediately deleted the account after that post it appears. Other then that, unless someone else has gotten a response or found new information, looks like this might have been a big huge scam and the end of the road for TURA. Just can not believe how blatant it was though and in our face. Have to admit, never seen anything like it. Crazy.
BTW, would be interesting if they did do an investigation to find out what the CEOs personal stock trades looked like during the time the company was active or maybe family members or friends who were invested in any of these stocks. Just sayin.
https://twitter.com/CorporateOmni