JinFein wrote: Nice update shneps!
shneps wrote: Was just curious what the dream team has been up to lately.
Seems Eli Weir is still in New Zealand (living in a hotel) and diversify his assets around for the future.
It seems possible that David Vincent laundered or scammed some funds through the Lendefi blockchain project to pay Blockchain labs, and Eli used the funds to buy a room or two in the hotel.
Keen watchers of the dream team will note that Blockchain Labs Asia was supposed to provide "mainnet" code for Lendefi back in May 2021, but 6 months later the Lendefi management are still making excuses for non-delivery and both David Vincent and Eli Weir have been removed from the project.
Even David's Canamex history has been scrubbed from LinkedIn, and the Canamex web site (built by blockchain labs for $150,000 in shareholder $$$) is now mysteriously and indefinitely under construction.
About (8) different companies now.
metalstream tokens seem to have disappeared but Enegra tokens still keep saying they have a valuation of $33B but still have zero valuation. Although if you look around some valuation is $10B, $13B and $33B. Don't seem to know how much they are worth.
They have listed their token on the
Big One exchange.
It's trading patterns appear to be some kind of algorithmic market maker, something is making lots of small trades varied around the same price point
The tactic appears to be to get price discovery via this exchange, and then use their new relationship with
MELD to allow them to use their artificially inflated tokens as collateral to loan (and liquidate) ethereum tokens with an actual value from unsuspecting depositors.
They're also putting announcements on their web site for upcoming events that have happened
in the past at the time of posting. Presumably this is being done to establish some loose kind of credibility without the risk of someone turning up to these "events" and finding out it's just a drinking session.
Other pertinent information is that they simply deregistered their Australian entity after it was found guilty of corporate crimes. I don't think they even left forwarding information for the office that was masquerading as their registered address.
Funny thing is when determing their valuation it is based on assets they don't own, only agreements to potentially utilize those assets.
Technically that has zero valuation in accounting.
I am now of the opinion that they have no intention of ever operating the company - the plan is to simply find a way to liquidate their illusory equity and leave shareholders with the empty bag. AKA - the Canamex business model. Or in crypto parlance - a rugpull.
Also the company's Indonesian Operations Manager Irnanda Laksanawan in under crimminal investigation for corruption from his time as Deputy Minister of State Owned Enterprises.
Surprise, surprise.
https://kabar24-bisnis-com.translate.goog/read/20200630/16/1259479/korupsi-ptdi-irnanda-laksanawan-akan-diperiksa-kpk-dia-mantan-deputi-menteri-bumn?_x_tr_sl=id&_x_tr_tl=en&_x_tr_hl=en&_x_tr_pto=sc
The scam continues.
I again tip my hat to your investigative skills shneps, I did not see this one. The translated link is an especially nice touch.
Any bets on how long it will be before Irnanda is removed from the advisor list on the web site? Like how when the criminal issues in Australia were raised here, Australian lawyer Mark Darras was removed as an advisor from the web site..
Despite the fact that David Vincent, Greg Hahn and Mike Stark absolutely misled Canamex shareholders with what was clearly false valuations, questionable accounting and diversion of funds, these criminally convicted scammers are clearly spreading their tentacles into other companies. The latest development with MELD Singapore and the BigOne Exchange of questionable domicile have joined forces with David Vincent Enegra senior executive charged with corruption. I note that the same Directors David Vincent, Mike Stark and Gregory Hahn are Directors at Arizona Silver AZS and we shareholders are seeing a similar event playing out. The 'valuations' and 'great fiunds' etc which are reminiscent of the Canamex CSQ hype that David Vincent, Mike Stark and Gregory Hahn were perpetuating. Promising high valuations, only to realize less than what was owed, with shareholders receiving ZERO.
In summary, David Vincent, Mike Stark, Gregory Hahn, Eli Weir, Matthew Averay, the senior executives and the companies, Canamex, Arizona Silver, Metalstream, Sonata Capital, Enegra, Blockchain Labs Asia, and their affiliates, MELD Singapore and BigOne Exchange are associated with, have been or currently are;
i) Involved in corruption,
ii) involved in money laundering
iii) criminally charged for fraud
iV) criminally convicted for fraud
v) involved in organized crime
vi) have links to organized crime and
vii) have no intention of doing anything legitimate anytime soon.