Do not INVEST in 'A Liquid Corporation.' It's a Ponzy Scheme!
'A Liquid Corporation' is a bottled water company that has been trying to get started for over 4 years and has defrauded millions of dollars from many investors.
John Silva, President - talks a big story about the Hawaiian Islands and the artesian water well that he has rights to on the island. He tells about the special license, documentations and relationships he has with the Hawaiian government. He shows pictures of to the wellhead, trucks, water bottling equipment and warehouse. He tells how the water can be shipped from Hawaii and then bottled in Las Vegas, NV.
The problem is that this 'big story' is all smoke and mirrors. John generally sells 1% stock in his company for $40,000. Some investors have over $250,000 - $500,000 as an investment in the company.
John has received close to $4 million dollars of investment money into the company over the years. [continued below]....
..... Yet - he has no or limited accounting record of the expenditures. In fact, he claims his warehouse in Oregon burned down that has all of the accounting information. He surrounds himself with friends and family and can not account for the salaries he pays executives. He buys extravagant company items including trucks, trailers, water tubs, trade show trips, more trips to Hawaii, etc. When asked to account for money spent - he can not do it. Ultimately, when asked on completion or roll out dates of the Hawaiian Water product he has not been able to meet any of these deadlines. John always has an excuse or reason that the water has not been bottled. In fact, to this day - there is still no bottled water.
Yes - John Silva - is running a ponzy scheme to maintain his lifestyle. He is bringing new investors in on false promises. Then he uses the new money to pay off old investors (those who make the most noise) at a reduced rate and buy them out of the company. Dozen's of investors never receive any communication from John and will never see their money again.
If you are an attorney reading this - you've hit a gold mine. There is enough evidence and enough shares in the company to do a hostel takeover (if owners made that decision). John Silva does not have a leg to stand on. There are millions of investment dollars that are unaccounted for in A Liquid Corporation. John - is truly the Bernie Madoff of the bottle water industry... DO NOT INVEST!