Here they go again with the shady transactions. Exmovere has just issued two of its directors David Bychkov and Joseph Batty, additional shares...but they are different than the Class A shares that everyone else has. These new Class B votes count seven times more than Class A shareholders' votes. Wow, isn't this interesting and scary? This is a common tactic for scam artists who continuously buy and sell the company and/or the company's assets. Why? Because it allows the hide the assets from investors. Some companies purposely engage in so many transactions that it's difficult to figure out what's really going on. Once you delve in to the players in the various companies, you will find that there common relationships among those involved. (See the SEC filing below.)
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