inv justice
9月前
Dear Tinojax,
Please be advised that no response should be expected from “Postman” on the points raised, as it is evident that he is acting on behalf of Mr. Boogalloo. The communication attributed to him appears to be an attempt to intimidate shareholders who have identified and reported unlawful actions committed by Mr. Boogalloo. Actions that killed our investments and benefited Mr Boogallo.
I am one of the shareholders with direct knowledge of the facts, as communicated through our legal counsel. To address specific points:
1. The claim made regarding the COO is demonstrably false. The Greek prosecutor has not made any such statement as the one Mr Postaman alleges. It appears that Mr. Boogalloo is attempting to mislead and disorient the shareholders while simultaneously seeking to deflect responsibility for his fraudulent actions. The fact is that he took from the Companies and its shareholders their assets.
2. A former officer of the company was indeed called to testify and submitted substantial evidence regarding Mr. Boogalloo’s misconduct. Among the most significant evidence are email communications that show Mr. Boogalloo directed and influenced the so-called “independent” committee Board members, who decided to sell Companies’ (Paragon and Box Ships) vessels to Mr Boogalloo’s private entities. Effectively Mr Boogalloo dictated their decisions in order to acquire vessels from the companies, leaving them with no assets and destroying Shareholders’ investments. This evidence corroborates long-standing suspicions about the improper transfer of the vessels.
3. Substantial evidence was also submitted demonstrating that, in 2018, Mr Boogallo undertook actions intended to remove both himself and the Board from the Companies’ records and operations, with the apparent purpose of evading accountability to shareholders who had raised accusations against him.
4. Similarly, there is evidence relating to the alleged misappropriation of approximately USD 3 million. This relates to the now well-known “credit note” arrangement involving an associate of Mr. Boogalloo. The funds were transferred to Mr Boogalloo pocket in 2016, but because of the credit note, payment was never made, and the amount was allegedly misappropriated.
5. Further, when lawyers acting for another investor presented the credit note to Mr. Boogalloo in March 2018—two years after he had received the 3 million from Box Ships’ bank—Mr Boogalloo the next day after the receipt of the Lawyer’s letter he transferred the funds to a different company rather than the original intended recipient in an attempt to present a payment, which evidently was fictitious. This transfer alone is strong evidence of fraudulent intent.
6. Following these actions, (the 3 million taken from Box’s banks into his own pocket) Mr. Boogalloo claimed that Box Ships lacked sufficient funds and proceeded to issue convertible notes, which significantly harmed shareholders.
Given the above, we advise you to retain your shares. Additional legal proceedings based on more evidence are underway, and shareholders will likely have opportunities to claim compensation for their losses. Two more shareholders joined the team. There is ongoing campaign for more to come.
At present, the matter—together with the unprecedented ruling from the Greek court—has been submitted to the U.S. Securities and Exchange Commission (“SEC”), supported by a full set of documentary evidence both from the lawsuit documents and the documents presented by the former Officer of Box ships.
The SEC is expected to assess the allegations raised by the Greek prosecutor concerning the operation of the independent committee and opine on whether the CEO was allowed to communicate with the specific committee whose role was the assessment of affiliate transactions with him. SEC has been asked to also investigate the issuance of the convertible notes.
Parallel investigations are ongoing in Cyprus regarding the USD 3 million transaction.
A new lawsuit has been initiated based on further evidence discovered after the first case and together with the SEC, Mr. Boogalloo will, in due course, be required to answer before the courts.
thespostman
1年前
REGARDING THE BUGALOO CASE,I UNDERSTAND THERE HAS BEEN A NEW RULING
BY THE GREEK PROCECUTION SERVICE OF APPEALS THAT EXONERATES BUGALOO FROM ALL ALLEGATIONS AGAINST HIM. THIS IS THE SECOND SUCH RULING AND IS IN RESPONSE TO THE APPEAL FILED LAST SEPTEMBER AS INVJUSTICE ADVISED US AT THE TIME. THE RULING IS FINAL.
REGRETTABLY , THE SUSPICIONS I HAD VOICED (AND WERE AGGRESSIVELY OPPOSED BY INV JUSTICE AND FAITRGOAL 1 ) AT THE TIME WERE NOW VERIFIED BY THE LATEST RULING WHICH GOES AS FAR AS NAMING SKRIMIZAS , WHO WAS BUGALOO’S ACCOUNTANT AND LATER COO OF THE PUBLIC COMPANIES , AS THE ORIGINATOR AND ORCHESTRATOR OF THE WHOLE AFFAIR.
THE RULING STATES THAT, DURING THE CRIMINAL INVESTIGATION , SKRIMIZAS PARTICIPATED AS A WITNESS FOR THE PLAINTIFFS AND ATTEMPTED TO MISLEAD JUSTICE. ACCORDING TO THE RULLING, SKRIMIZAS SUBMITTED VARIOUS MEMOS AND DOCUMENTS TO SUPPORT THE ALLEGATIONS AGAINST BUGALOO. IT WAS RULED THAT SKRIMIZAS ATTEMPTED TO MISLEAD THE PROSECUTORS BY INTENTIONALLY MISINTERPRETING DOCUMENTS HE HAD SELECTED WHILE INTENTIONALLY CONCEALING MANY MORE THAT WERE REVEALING THE WHOLE STORY.
I UNDERSTAND THAT LAWSUITS ARE UNDERWAY AGAINST THE SHAREHOLDERS AND SKRIMIZAS .
SKRIMIZAS IS DUE TO APPEAR IN CRIMINAL COURT IN JUNE CHARGED WITH STEALING 4,7 MILL USD FROM BOUGALOO !
APPARENTLY THIS AFFAIR WAS CONCEIVED AND USED BY SKRIMIZAS TO BLACKMAIL BOOGALOO INTO DROPPING THE CHARGES AGAINST HIM.
PERHAPS INV JUSTICE AND FAITRGOAL1 AND THE OTHERS WHO LIGHTHEARTEDLY ADOPTED SKRIMIZAS STORY CAN ENLIGHTEN US !
thespostman
2年前
due to an issue, my post was deleted..
I am an investor that lost money in Paragon but as i continue investing with Greek companies I have been following B's and his employee's ( Skrimizas) case through my Greek contacts and local media.
In light of the recent postings i'd like to share the information and facts that i have obtained from Greek media sites and mainstream newspapers for the benefit of investors who have not been following the case in Greece.
FACTS
1. The alleged violations by B are supposed to have taken place in 2015 and 2016.
There has not been any evidence or any rumors that there have been any negative findings relevant to Box or Paragon by the SEC to this date and I now understand from the recent postings that the Greek prosecution service has just dismissed the criminal law suit against B, filed by some of my co-investors, based on the allegations made and information provided by "inv justice" some years ago.
The Logical conclusion is that the allegations against B are unfounded and not the opposite.
2. That the allegations on B originally launched on this site by "Inv justice" are time barred since long ago from civil consequences.
3. That one of B's employees named G. Skr....as has been charged by the Greek authorities for theft of about 5 mill usd from B ( he is due to appear in the Greek criminal high court shortly)
, he is obligated to physically present him self to the police station monthly and there is a court injunction in force against him for the 5 mill . All the above info has been extensively circulated in mainstream greek media such as "proto thema", " mononews" etc
SUSPICION
4. It has also been circulated extensively in the Greek media ( " edolio", "mononews"etc) that the above named employee , has launched a series of defamation campaigns against B in order to use them as leverage against the latter's law suits against him. To my knowledge none of the allegations were substantiated by the subsequent official investigations that took place by the Greek Authorities . I strongly suspect therefore that the allegations concerning Box and Paragon were also initiated and being pursued by the particular employee for the same reasons.
Frankly i suspect that "inv justice",
" faitrgoal" and others adopting the aggressive tone of the " prosecutor" against B are in fact acting at the instructions of the former employee aiming at luring investors into filing criminal law suits!
5. Why i care? Because I believe that All investors should be aware of the above facts since I am sure that none of us would like to be mislead and be used for unlawful "goals " of a third party while risking of being sued for libel in the process.
Especially so when there can be no financial gain to be expected for any of us due to the time bar.
inv justice
2年前
Great. You want your money back. Contact the lawyers, present yourself, ask them what they do and see if you want to follow.
Skras and anything else is not of shareholders concerns and it is suspicious that several of you mention this. How do you know?
The boats are gone, the company disappeared, money lost, investors destroyed.FACTS.
And as you say you lost money!!
Do you ALL the recent posts expect to have the lawyers replying to you on this board? Ridiculous and surely you are not serious.
The Lawyers are there.
But you always have the choice to follow your own path. Who says you have to join us? Who says our Lawyers are to answer to you?😂😭😂😭
NOBODY IS FORCING ANYBODY. Why do you bother?
If you believe that Bgloo did well then do not waste your time.
But you seem very anxious and you only prove that Bgloo is worried with what is coming. That is why he put all of you in posting those hilarious posts.
inv justice
2年前
Faitrgoal1 is so right. Posts that serve BGloo interests and attempts to frighten us. Well, thats in vain.LOL.
Posts from 2-3 newcomers who started right after the lawsuit was revealed.
Why do u care what we do and if we go after BGloo so that we claim our money?
Did anyone force you to follow us?
How s that n u follow our lawsuit, you allegedly know results in the Greek courts, what BGloo does?
Very simple. U r either his employee or his lawyer or BGloo himself. Your terminology makes it apparent. You cannot hide.
Bgloo knows we are coming and he is terrified.
He took 3 boats from us for cents, embezzled millions from our Company, issued illegally, bonds that killed our investments and he ignored major shareholders (check munhoi on this board) who urged him to protect our interests. A lot of selfsealing transactions.
Your interests surely are not aligned with ours. Your other “colleague” posted, immediatelly after you, that “were played”. Hilarious. You are not part of the team who go after Bgloo so nobody “played” you.
And you want answers from our Lawyers😭😭. Lawyers talk to their clients, do not post on boards.
Greek lawyers contact details have been on this board. Contact them identify yourself and find out why Bgloo is scared.
US based lawyers do not allow to make their contacts public, only on private mode, but be rest assured they are active.
SEC is on the game, US embassy in Greece, Marshall Islands lawyers.
Bgloo is a big time Greek crook who caused damages to many and soon will be behind the bars.
Faitrgoal1
2年前
True or not soon we ll find out. We have many ways to fight. I do not give up on my pension money and there are many of us. Someone could check what is happening in the States and in Greece. Pinstripes suit is already made for B, the biggest crook ever. He will bring our ships and sholders money back. He stole them from us. Whoever wants i can share, privately, also the American Lawyers' contact details.
Thanks for the wishes, although you realize it s obvious u r not a shareholder who lost money from this fraud, but most probably a servant of B.
Please no reply. My time is precious and the team is determined. Cant be intimidated.
Fairtrgoal1
4年前
Shareholder participating in the lawsuit. REposting.
although i had asked not to get replies in my post, and waste more time, i received more than 8 private messages so i had to block and remove.
However because it seems people are interested i repeat, but
DO NOT REPLY. DO NOT WASTE MY TIME. I AM NOT SHAREHOLDERS REPRESENTATIVE. :
''''
i am shareholder of Paragon and Box. i have joined the team of shareholders who filed lawsuit in Greece against Boogalloo and the BOD. It is the place where a lawsuit could be filed, according to the Lawyers. HQ of both cos in Athens, B leaves in Athens, the courts of Athens have jurisdiction.
i have talked to the Lawyers. Seem knowledgeable and credible. They sent to me plenty of evidence, they explained the case and i feel very comfortable and risk-free. To my eyes the evidence cannot be challenged. The District Atty will investigate and decide. Do not forget that it is companies that belong to the public, not private entities. Where on earth would someone see assets of a listed Company, worth millions, ending up to its CEO for $0.50? The lawyers believe that SEC, who have received the lawsuit and the evidence, will also conduct investigation (if not started yet).
The money i lost, by a very rich Greek shipping guy were supposed to use in my retirement. I will definitely try to get it back.
Institutional shareholders seem to have stepped in. That is another good sign.
For the shareholder who made a lot of noise and suddenly...disappeared, i have received information, but it is not disclosable. It is for the lawyers to use, the way they deem appropriate.
Dear ....nerds, you are asking for assurances. Do you expect that the lawyers read the hub? or that they communicate through it, with anonymous aliases? Have you contacted the Lawyers? The contact details have been posted in this board. Have you identified yourselves as Shareholders? If you do, as others did, i am sure you will get what you want. Otherwise, your posts look suspicious and serve other purpose.
I was told that the case is big and in Greece articles in the press already appeared. Check the below link, from a site which covers legal matters.
https://www.dikastikoreportaz.gr/o-efoplistis-pou-xafrise-tis-etaireies-tou/
it is in Greek, i used translation app. Interesting article, in the same site you will find another three for the same person.
Lastly, i was told that B is also investigated by the Anti Money Laundering authority in Greece, for multi million, real estate related, fraud (the money we lost had to be invested somehow?).
NO REPLIES OR COMMENTS TO THIS POST
Fairtrgoal1
4年前
Shareholder participating in the lawsuit. REposting.
although i had asked not to get replies in my post, and waste more time, i received more than 8 private messages so i had to block and remove.
However because it seems people are interested i repeat, but
DO NOT REPLY. DO NOT WASTE MY TIME. I AM NOT SHAREHOLDERS REPRESENTATIVE. :
''''
i am shareholder of Paragon and Box. i have joined the team of shareholders who filed lawsuit in Greece against Boogalloo and the BOD. It is the place where a lawsuit could be filed, according to the Lawyers. HQ of both cos in Athens, B leaves in Athens, the courts of Athens have jurisdiction.
i have talked to the Lawyers. Seem knowledgeable and credible. They sent to me plenty of evidence, they explained the case and i feel very comfortable and risk-free. To my eyes the evidence cannot be challenged. The District Atty will investigate and decide. Do not forget that it is companies that belong to the public, not private entities. Where on earth would someone see assets of a listed Company, worth millions, ending up to its CEO for $0.50? The lawyers believe that SEC, who have received the lawsuit and the evidence, will also conduct investigation (if not started yet).
The money i lost, by a very rich Greek shipping guy were supposed to use in my retirement. I will definitely try to get it back.
Institutional shareholders seem to have stepped in. That is another good sign.
For the shareholder who made a lot of noise and suddenly...disappeared, i have received information, but it is not disclosable. It is for the lawyers to use, the way they deem appropriate.
Dear ....nerds, you are asking for assurances. Do you expect that the lawyers read the hub? or that they communicate through it, with anonymous aliases? Have you contacted the Lawyers? The contact details have been posted in this board. Have you identified yourselves as Shareholders? If you do, as others did, i am sure you will get what you want. Otherwise, your posts look suspicious and serve other purpose.
I was told that the case is big and in Greece articles in the press already appeared. Check the below link, from a site which covers legal matters.
https://www.dikastikoreportaz.gr/o-efoplistis-pou-xafrise-tis-etaireies-tou/
it is in Greek, i used translation app. Interesting article, in the same site you will find another three for the same person.
Lastly, i was told that B is also investigated by the Anti Money Laundering authority in Greece, for multi million, real estate related, fraud (the money we lost had to be invested somehow?).
NO REPLIES OR COMMENTS TO THIS POST
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