- Report: #753431
Report - Rebuttal - Arbitrate
Complaint Review: Exmovere Holdings
Exmovere Holdings1600 Tysons Blvd. McLean, Virginia United States of America
Exmovere Holdings David Bychkov, Exmovere, Exmobaby, X3M, Exmobaby, Cheyenne Crow, Chariot, Empath, BT2 International Inc., Exmocare LLC, Exmogate LLC FRAUD ALERT: Do not purchase shares of Exmovere Holdings (X3M) on Frankfurt Stock Exchange. Sale banned in U.S. McLean, Virginia
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Another point to consider: where are the products? The answer is simple, the investors are the products. The company has been set up solely to defraud people, especially women and rich Arabs. [continued below]....
Germans beware: Exmovere is about to launch a big sales and marketing effort aimed right at you. They have been banned from selling shares in the U.S. so the only legal way for them to sell in on the Frankfurt Stock Exchange, which, unlike the United States, has no financial disclosure requirements.
Here's what Exmovere's latest SEC filing says...
...on June 29, 2011, the Board of Directors of the Company voted by written consent to
authorize the issuance of up to 3,000,000 additional shares of common stock
which may be converted to Global Depository Receipts to be sold to raise capital
on the Frankfurt Stock Exchange.
On June 30, 2011, the Company voted to divide its common stock into two classes of
shares. The Company will have 30,000,000 of Class A shares and 5,000,000 of
Class B shares. The new class of shares, Class B shares, will have the same
financial rights as Class A shares. However, the Class B shares will have
superior voting rights. Each Class B share will have the voting power of seven
Class A shares. On June 30, 2011, the Company voted to cancel the December 15,
2008 agreement to pay royalties to BT2 International Inc. (BT2) and Exmocare,
et al and issue 1,600,000 Class B shares to David Bychkov and 400,000 Class B
shares to BT2. That agreement required the Company to place 5% of all gross
revenues from the sale of products and 10% of all gross revenues from monitoring
and/or the sale of services, into a royalty pool (the Royalty Pool). 80% of
the Royalty Pool was payable to Exmocare, et al and 20% of the Royalty Pool was
payable to BT2. Exmocare, et al represents three limited liability companies
owned or controlled by Company President and Chairman of the Board, David
Bychkov. BT2 is a company in which director, Joseph Batty owns a controlling
Prior to these resolutions, the Company had 15,853,250 in stock outstanding. After the
effect of these resolutions, the Company may have up to 20,853,250 shares
outstanding. Two million of those shares will be Class B shares that have the
voting rights of fourteen million shares.
Read more: http://www.faqs.org/sec-filings/110714/Exmovere-Holdings-Inc_8-K/#ixzz1SCU1jLU8
This report was posted on Ripoff Report on 07/15/2011 12:24 PM and is a permanent record located here: http://www.ripoffreport.com/r/Exmovere-Holdings/McLean-Virginia-/Exmovere-Holdings-David-Bychkov-Exmovere-Exmobaby-X3M-Exmobaby-Cheyenne-Crow-Chariot-753431. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year.
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