To whom it may concern, This is the chron
Post# of 26
Posted On: 04/28/2014 5:41:02 PM
To whom it may concern,
This is the chronological order of exactly what happened. There are no embellishments or exaggerations made.
Tuesday March 4th, 2014
I, Erin Slaughter, personally contacted Chester Billingsly of Mentor Capital Inc. and spoke with him for approximately 60 minutes about his past complications, his current and future intentions with the company. I asked if I could purchase any of the series D shares offered from the SEC ordered warrants, he confirmed that I could and offered to sell me 100,000 shares at $1.95. I could only afford 27,000 shares and agreed to send him a check in the amount of $52,800 for the shares and $150 to the "transfer agent" to expedite the process and GUARANTEED I would have the stock certificate by March 11th, 2014. Mentor Capital received the check and deposited it on March 6th, 2014.
Tuesday March 11th, 2014
I contacted Chester Billingsly and inquired as to where my certificate was. He was unable to give me an exact location, said that the transfer agent had not issued it yet and would call me back when he found out. It is at this time I began searching for information on who the transfer agent was for Mentor Capital and to my surprise it is his brother Dave Billingsly under MC Transfer (which I suppose stands for mentor Capital Transfer). I called Dave Billingsly and inquired about the status of my certificate and was told that he had not received instructions to issue it from Mentor Capital.
Wednesday March 12th, 2014
I contacted Chester Billingsly as well as Dave Billingsly to inquire about my certificate. Both parties were unable to give me any answers.
Thursday March 13th, 2014
Chester Billingsly contacted me and explained that the volume of certificate requests was more than they could handle and everyone was being delayed.
Friday March 21st, 2014
I contacted Chester Billingsly and requested a refund. He said he may honor that and if I would like to call him on Monday to discuss my options I could.
Monday March 24th, 2014
Eric from Scottrade contacts me and informs me that they could no longer accept certificates from Mentor Capital because a warning from the S.E.C. has been issued against them.
I call Chester Billingsly and inform him of the warning and demand a refund. He agrees to the refund if I return the certificate which I still have not received.
Tuesday March 25th, 2014
The certificate from Mentor Capital has been received but it is in the wrong name, it has been issued to Leo Bailleaux. I call Chester Billingsly and inform him that I have received the certificate in Leo Bailleaux's name. I ask him if he is actually going to send a refund for my purchase of shares that were never issued. He states that the refund will be given when he receives the certificate back. I explain to him that this is not acceptable for the reason that I do not trust him at this point and I intend to go to the S.E.C. on the basis that I believe the news reports had all been falsified and that Mentor Capital was defrauding its' shareholders. It is at this time that Chester Billingsly agrees to send a refund to EDS Capital Group for the shares it never received and that Leo could send him the certificate back.
Leo Bailleaux and I agree that we do not believe Chester Billingsly will send a valid check and if he does that there will be a stop payment placed on it.
Thursday March 27th, 2014
An attempt to deposit the certificate with Ameritrade, Scottrade, Fidelity, Charles Schwab, Merrill Lynch, Edward Jones and Southwest Securities have all been rejected. We decide that Leo will hold onto the certificate until the check from Mentor Capital is received and deposited and funds have cleared.
We contact Chester Billingsly and I explain to him that I believe he is in danger of a cease and desist once again like 2003 and I believe fraud charges are going to be filed against him and I was going to cooperate with the S.E.C. in prosecuting him because not only do I not believe he will be sending a valid check, the certificate was worthless and all of the news reports were completely false and the other participants in his "management" team were all sanctioned or imprisoned by the S.E.C. previously. It is at this time that Chester Billingsly becomes irate, acutely vulgar and agrees to let Leo keep the certificate against the warrants he already owned and he would send out a refund to EDS Capital Group immediately.
Friday March 28th, 2014
I am contacted by Raymond James that they could accept and deposit the certificate from Leo Bailleaux. Also on this day a check made out to EDS Capital Group is sent to Leo Bailleaux accompanied by a letter from Chester Billingsly pleading that "Erin Slaughter" does not go to the S.E.C.
Monday March 31st, 2014
The check from Mentor Capital for $52,800 is deposited and awaits clearance which is put on hold until April 10th, 2014 by Bank of America.
Thursday April 10th, 2014
I contact Chester Billingsly and inform him that I received the check and it has cleared. The certificate he issued and sent to Leo Bailleaux has been deposited with Raymond James. He asks if I intend to compensate him for these shares now that I have received a refund and I explain that no I am not, that he had agreed that they were issued to Leo Bailleaux against his warrants that he still currently holds and that Mentor Capital is responsible for the satisfaction of these shares and I have agreed not to pursue a legal or criminal lawsuit against him or Mentor Capital.
Friday April 11th, 2014
The shares from Leo Bailleaux deposited with Raymond James have been verified by MC Transfer to wit is the brother of Chester Billingsly, as such shares are now tradable and sold at a loss upon the belief that the stock is going to crash and or be locked by the DTC or S.E.C. under a cease and desist following filings of fraud against Chester Billingsly.
Tuesday April 22nd, 2014
A letter from a California attorney on behalf of Chester Billingsly and mentor Capital is received claiming that EDS Capital Group was refunded for shares they received and are requesting the $52,800 to be returned. It is my belief that this letter is fraudulent based on extremely poor grammar usage and an incorrect phone number on the received letter.
Wednesday April 23rd, 2014
I contact this attorney inquiring as to if this letter is in fact legitimate or if it was a forgery. I am told it is an actual letter and am asked to respond. I inform this attorney of the facts involved as follows:
Here are the facts in chronological order:
Chester broke the verbal agreement between Mentor Capital and EDS Capital costing me $162,000.00 in capital gains;
Mentor Capital and his brother Dave issued the certificate in the wrong name which I believe was intentional costing me $53,000 in capital gains;
Chester agreed to refund my company the share purchase and then after I informed him of the SEC wanting me to cooperate he agreed that Leo could keep the shares he was issued considering his warrants were used and I was never issued any shares;
Chester is currently suspected of stock manipulation, false pretenses by which to knowingly commit fraud against Mentor Capital shareholders, the filings with the SEC are falsified and a cease and desist is imminent;
It is also his brother or other unknown participants that are involved in holding shares for the purpose of manipulating stock pricing for the capital gains under the direction of Chester;
Lastly, Leo is the only person involved that loses any monies. At this time, EDS has not suffered any losses and neither has Mentor Capital. Leo has lost $100,000 with Chester as Main Street, then another $40,000 with Chester's involvement with Quantum and now another loss of $23,000 with Mentor. Additionally Chester is holding 26,000 shares of stock that belong to Leo as hostage for unknown reasons and Chester has now changed his mind about the current problem.
What will happen next is completely up to Chester. If he wishes to pursue legal litigation against me or Leo I will do the same in the amount of $215,000 for EDS and $163,000 plus 26,000 shares for Leo. I will also cooperate to the fullest extent with the SEC here in Dallas to see that Chester and the other felonious members of his group are punished to the full extent of the law. If Chester makes the most intelligent decision he can make which would be to send Leo his 26,000 shares from the warrants Leo still controls and drop any litigation(s) he had in mind towards me or Leo I will walk away from this situation and will not make a civil complaint against him nor will I cooperate with the SEC since I am not legally obligated. I have not suffered any losses, nor have I made any gains, only Leo has been the victim for the last decade with his involvements with Chester. Advise him to make a good decision, he has until Monday April 28th, 2014 to decide.
Friday April 25th, 2014
Chester Billingsly contacts Leo Bailleaux and tells him that he has contacted the D.T.C. and stopped the clearing of the certificate which is untrue. He has instructed his brother Dave Billingsly to deny the certificate under fraudulent conditions which we are unaware of until Monday April 28th, 2014 after being contacted by Frank Perry from Raymond James in McKinney, Texas. It has now come to our attention that on March 31st 2014 Chester Billingsly directed his brother to deny the certificate that will be submitted by Raymond James even though he had already approved it and since then he has been attempting to force EDS Capital Group to send him $52,800 for shares it never received and has knowingly rejected the certificate it sent to Leo.
This is the chronological order of exactly what happened. There are no embellishments or exaggerations made.
Tuesday March 4th, 2014
I, Erin Slaughter, personally contacted Chester Billingsly of Mentor Capital Inc. and spoke with him for approximately 60 minutes about his past complications, his current and future intentions with the company. I asked if I could purchase any of the series D shares offered from the SEC ordered warrants, he confirmed that I could and offered to sell me 100,000 shares at $1.95. I could only afford 27,000 shares and agreed to send him a check in the amount of $52,800 for the shares and $150 to the "transfer agent" to expedite the process and GUARANTEED I would have the stock certificate by March 11th, 2014. Mentor Capital received the check and deposited it on March 6th, 2014.
Tuesday March 11th, 2014
I contacted Chester Billingsly and inquired as to where my certificate was. He was unable to give me an exact location, said that the transfer agent had not issued it yet and would call me back when he found out. It is at this time I began searching for information on who the transfer agent was for Mentor Capital and to my surprise it is his brother Dave Billingsly under MC Transfer (which I suppose stands for mentor Capital Transfer). I called Dave Billingsly and inquired about the status of my certificate and was told that he had not received instructions to issue it from Mentor Capital.
Wednesday March 12th, 2014
I contacted Chester Billingsly as well as Dave Billingsly to inquire about my certificate. Both parties were unable to give me any answers.
Thursday March 13th, 2014
Chester Billingsly contacted me and explained that the volume of certificate requests was more than they could handle and everyone was being delayed.
Friday March 21st, 2014
I contacted Chester Billingsly and requested a refund. He said he may honor that and if I would like to call him on Monday to discuss my options I could.
Monday March 24th, 2014
Eric from Scottrade contacts me and informs me that they could no longer accept certificates from Mentor Capital because a warning from the S.E.C. has been issued against them.
I call Chester Billingsly and inform him of the warning and demand a refund. He agrees to the refund if I return the certificate which I still have not received.
Tuesday March 25th, 2014
The certificate from Mentor Capital has been received but it is in the wrong name, it has been issued to Leo Bailleaux. I call Chester Billingsly and inform him that I have received the certificate in Leo Bailleaux's name. I ask him if he is actually going to send a refund for my purchase of shares that were never issued. He states that the refund will be given when he receives the certificate back. I explain to him that this is not acceptable for the reason that I do not trust him at this point and I intend to go to the S.E.C. on the basis that I believe the news reports had all been falsified and that Mentor Capital was defrauding its' shareholders. It is at this time that Chester Billingsly agrees to send a refund to EDS Capital Group for the shares it never received and that Leo could send him the certificate back.
Leo Bailleaux and I agree that we do not believe Chester Billingsly will send a valid check and if he does that there will be a stop payment placed on it.
Thursday March 27th, 2014
An attempt to deposit the certificate with Ameritrade, Scottrade, Fidelity, Charles Schwab, Merrill Lynch, Edward Jones and Southwest Securities have all been rejected. We decide that Leo will hold onto the certificate until the check from Mentor Capital is received and deposited and funds have cleared.
We contact Chester Billingsly and I explain to him that I believe he is in danger of a cease and desist once again like 2003 and I believe fraud charges are going to be filed against him and I was going to cooperate with the S.E.C. in prosecuting him because not only do I not believe he will be sending a valid check, the certificate was worthless and all of the news reports were completely false and the other participants in his "management" team were all sanctioned or imprisoned by the S.E.C. previously. It is at this time that Chester Billingsly becomes irate, acutely vulgar and agrees to let Leo keep the certificate against the warrants he already owned and he would send out a refund to EDS Capital Group immediately.
Friday March 28th, 2014
I am contacted by Raymond James that they could accept and deposit the certificate from Leo Bailleaux. Also on this day a check made out to EDS Capital Group is sent to Leo Bailleaux accompanied by a letter from Chester Billingsly pleading that "Erin Slaughter" does not go to the S.E.C.
Monday March 31st, 2014
The check from Mentor Capital for $52,800 is deposited and awaits clearance which is put on hold until April 10th, 2014 by Bank of America.
Thursday April 10th, 2014
I contact Chester Billingsly and inform him that I received the check and it has cleared. The certificate he issued and sent to Leo Bailleaux has been deposited with Raymond James. He asks if I intend to compensate him for these shares now that I have received a refund and I explain that no I am not, that he had agreed that they were issued to Leo Bailleaux against his warrants that he still currently holds and that Mentor Capital is responsible for the satisfaction of these shares and I have agreed not to pursue a legal or criminal lawsuit against him or Mentor Capital.
Friday April 11th, 2014
The shares from Leo Bailleaux deposited with Raymond James have been verified by MC Transfer to wit is the brother of Chester Billingsly, as such shares are now tradable and sold at a loss upon the belief that the stock is going to crash and or be locked by the DTC or S.E.C. under a cease and desist following filings of fraud against Chester Billingsly.
Tuesday April 22nd, 2014
A letter from a California attorney on behalf of Chester Billingsly and mentor Capital is received claiming that EDS Capital Group was refunded for shares they received and are requesting the $52,800 to be returned. It is my belief that this letter is fraudulent based on extremely poor grammar usage and an incorrect phone number on the received letter.
Wednesday April 23rd, 2014
I contact this attorney inquiring as to if this letter is in fact legitimate or if it was a forgery. I am told it is an actual letter and am asked to respond. I inform this attorney of the facts involved as follows:
Here are the facts in chronological order:
Chester broke the verbal agreement between Mentor Capital and EDS Capital costing me $162,000.00 in capital gains;
Mentor Capital and his brother Dave issued the certificate in the wrong name which I believe was intentional costing me $53,000 in capital gains;
Chester agreed to refund my company the share purchase and then after I informed him of the SEC wanting me to cooperate he agreed that Leo could keep the shares he was issued considering his warrants were used and I was never issued any shares;
Chester is currently suspected of stock manipulation, false pretenses by which to knowingly commit fraud against Mentor Capital shareholders, the filings with the SEC are falsified and a cease and desist is imminent;
It is also his brother or other unknown participants that are involved in holding shares for the purpose of manipulating stock pricing for the capital gains under the direction of Chester;
Lastly, Leo is the only person involved that loses any monies. At this time, EDS has not suffered any losses and neither has Mentor Capital. Leo has lost $100,000 with Chester as Main Street, then another $40,000 with Chester's involvement with Quantum and now another loss of $23,000 with Mentor. Additionally Chester is holding 26,000 shares of stock that belong to Leo as hostage for unknown reasons and Chester has now changed his mind about the current problem.
What will happen next is completely up to Chester. If he wishes to pursue legal litigation against me or Leo I will do the same in the amount of $215,000 for EDS and $163,000 plus 26,000 shares for Leo. I will also cooperate to the fullest extent with the SEC here in Dallas to see that Chester and the other felonious members of his group are punished to the full extent of the law. If Chester makes the most intelligent decision he can make which would be to send Leo his 26,000 shares from the warrants Leo still controls and drop any litigation(s) he had in mind towards me or Leo I will walk away from this situation and will not make a civil complaint against him nor will I cooperate with the SEC since I am not legally obligated. I have not suffered any losses, nor have I made any gains, only Leo has been the victim for the last decade with his involvements with Chester. Advise him to make a good decision, he has until Monday April 28th, 2014 to decide.
Friday April 25th, 2014
Chester Billingsly contacts Leo Bailleaux and tells him that he has contacted the D.T.C. and stopped the clearing of the certificate which is untrue. He has instructed his brother Dave Billingsly to deny the certificate under fraudulent conditions which we are unaware of until Monday April 28th, 2014 after being contacted by Frank Perry from Raymond James in McKinney, Texas. It has now come to our attention that on March 31st 2014 Chester Billingsly directed his brother to deny the certificate that will be submitted by Raymond James even though he had already approved it and since then he has been attempting to force EDS Capital Group to send him $52,800 for shares it never received and has knowingly rejected the certificate it sent to Leo.
(0)
(0)Mentor Capital Inc. (MNTR) Stock Research Links
Scroll down for more posts ▼