Here is a post that was deleted on the ihub board. It is long but gives a lot of info!!!!
I wrote to Kenny and Barton regarding the I-HUB postings of bashers which was making me little concered where we are going to head. I hold a considerable position on this company and I can't see this being a failer. These are the replies I got from Kenny and Barton.
This is what I got from Kenny;
Dear Xxxxxx,
Barton is one of my advisors from Peachtree capital. I have heard a lot of negative things about him as well but I am running this company... not Barton. He can suggest things and assist me in any area which I ask for assistance. I NEED advisors now because I am a PHARMACIST. There are a lot of rules and laws related to securities. Since he is associated with negative comments, real or exaggerated, I am planning on phasing him out and getting a different advisor or board member with a lot of experience.
Thanks,
Ken
> To: contactus@manzopharma.com
> Subject: Manzo Pharmaceuticals, Inc. Contact: MNZO
> Date: Thu, 16 Oct 2014 18:52:12 +0000
> From: xxxxxxxxx xxxxxxxxxxxxxxx
>
> To:
> Webmaster
>
> Name:
> xxxxxxxxxxxxxx
>
> Email:
> xxxxxxxxxxxxxxxxx
>
> Subject:
> MNZO
>
I got this reply from Barton this morning:
Dear Xxxxxx,
Good afternoon. I am Ray Barton, I am a consultant to the company, financier and sole debt holder. I am glad you asked Kenneth the question you did because in reality, I really think my company and I have been very unfairly slandered. Let me start by saying I have been in the small cap markets for over 15 years. I spent a year as a series 7 licensed broker in 97-98 and went into market data feed technology because I didn’t like the unethical behavior I saw at brokerage firms. I have since been the CEO of dozens of public companies, and I have put together mergers, acquisitions, and funded hundreds of millions of dollars for small cap startups and development stage companies. This can be checked and verified. Second important fact is that I am a retired NYPD Police officer and I am a current New York State Peace officer (reserve police officer). I am actively listed in the New York State Peace Officer Registry and that can be checked and verified. Because of that, you know I had to go through extensive psychological screening and background checks, and everything that goes with it. Furthermore, I have never been in trouble, not once, never had so much as a parking ticket. I’ve never been sued, I’ve never been arrested, I’ve never been named in any investigation ever. If I have been “scamming" for 15 years and never even been looked at by authorities then I must be the best super-villain scammer in the world...
OK, so let me tell you about what I do and where I am going with it. I find private companies that I think will be huge, and i match them up with pink sheet shells that they can acquire inexpensively. I fund the company the money they need to merge and become freely trading. I only do this if I can purchase all outstanding debt because I don’t want these scumbags like NIR Group (no longer in business) dumping shares. Once I own all debt and the company merges, I hedge my investment (usually costs $30K to $60K to bring it public) by converting some debt [between 5% and 9% of the outstanding shares] into equity and I hold it until I can liquidate some without hurting our project’s shareholders. With this, I have a couple rules that we follow:
1) never use VFIN or VNDM (or any known dilution mill)
2) Never hit the bid
3) never sit on top of the ask
4) Never sell more than 1% of the daily volume in a given day.
For this reason whenever I liquidate some equity, nobody gets hurt. Nobody even feels it. These companies like (you know who...) they are just stupid and short-sighted, they blast out billions of shares and move on. I see a bigger picture here. I think this model can be applied THE RIGHT WAY. An ethical way, and a legal way. Now look, I’m not here to BS you. In fact I am going to be painfully honest. The money has to come from somewhere, right?…I’m not doing this as a philanthropist. We are in the pinks and NOBODY is writing a $100,000 check with no prospect of getting it back anytime soon. So, I look to recoup that investment plus 20% over the course of the first year. Over that time, it is true that I may add as much as 20%-25% to the float, but this is so small in the scope of things. These scam companies out there literally add 500% to a float in hours sometimes, so I feel its unfair to be put in their class. Look at NSAV, you’ll see exactly what I mean. The only reason I know about NSAV is because an associate of mine almost got involved with it but I saved him from it and recruited him to be the CEO of one of my clients, MDIN. of course, because of that “connection” that the armchair detectives made, I am also unfairly accused of being involved with NSAV but they are SEC reporting and you can easily check it and see I am not…I have no involvement with NSAV at all, zero, but you can see right away that NSAV looks nothing like MNZO or EVDR, EEGI or any of my deals. None of my companies ever show ridiculous volume, because I am not dumping billions of shares. I am trickling out tiny amounts over a long period. Keep in mind I write real checks…I am at least $100K into every one of my deals, sometimes five times that, and it comes back in spades over the course of years not days. Aren’t I entitled to make a profit if I am willing to risk that much money? I think that is fair and reasonable. I am also taking an active part in growing their businesses and making priceless connections for them, which is why you will see some of the same companies doing deals with more than one of them. Wouldn’t it make sense if I have a connection with a partner to introduce him to other clients? Of course! The armchair detectives see it and automatically say its a scam. That’s just laughable. In real business people refer those they already know and people have more than one client so don’t let the few bashers who actually make no sense and claim falsehood that can easily be checked corrupt your common sense.
In closing, I will tell you that I feel so strongly about the ethical and moral correctness of what I am doing that I am working on two projects. The first is a corporate website being launched within 2 weeks at www.peachtreefund.com that will not only explain what I do in detail, but it will list all the companies I am involved in, my cash investment in them, the amount of debt I hold, and how many shares I have been issued. I do not have to do this, but I want to because I want people to see how transparent I am. The second is something NOBODY in this business has the balls to do. Especially, if ANYTHING they do is even close to a grey area…I am in the process of registering to be a licensed broker-dealer. Yep, that’s right…My fund will soon be a BD. To do that I have opened my books to the SEC and FINRA, so they see everything I do, every share I’ve been issued, and every share I sell. I must have compliance systems and reporting procedures in place so there’s noting I can hide. I also have to retake the series 7, 63, 24, and 99. Why would I do this? Would I do this if I were a “scammer”? No, I do it because I want to show this can be done "the right way" and still be incredibly lucrative. That you can build real companies, with real businesses, and I am hoping that by doing this I start a revolution in the way pinks are funded and hopefully we can put the NIR type scumbag scam firms of the world out of business. I don’t want to name names but you know who they are. I believe private companies can become non-reporting pink sheet companies and utilize that vehicle to raise money so they have a shot without fleecing shareholders, and I intend to prove it. My BD name was already approved by FINRA just last month, and with the help of my attorneys, I have already filed the form BD. Next step down the road, a year from now or so will be to become self-clearing so all the overhead and cost associated with the levels upon levels of ridiculous compliance that clearing firms ordinarily have to lay down can be absorbed by me and not transferred to the company who is struggling already, or the shareholders who are mostly honest hard working people.
Its a shame that just a few very small minded people on some message boards would condemn what I am doing, or who I am without even checking the facts. They are ultimately crushing these stocks by slandering my name with absolutely not a single shred of proof at all. Ask them for proof and they will give you nothing that you can check, I challenge any of them to show some proof that anything I have ever done was unethical. I would also welcome any of them to my office to talk face to face so i can explain it to them because they would never have the guts to call me a crook to my face. Not because I am intimidating at all. far from it. Because they are dead wrong, thats why.
OK, I know this was a long emaIl, I just had to get that out of my system. I am doing my best to support Ken in his efforts, and I am working with him to get this project fully funded and making history as I do with all my projects. If you have any questions about me or MNZO please feel free to email me. I may not get back right away but I try to answer all emails eventually. I’ll do my best to get you the answers you need.
I wish you the best of luck with your investments, and I hope you are blessed with huge success.
Have a great night.
Raymond Barton
Managing Director
Peachtree Capital, LLC. : Private Equity Funding
PH: 1-(877)-571-6184 | FX : 1-(877)-571-6184
I hope this reply from Ken and Barton would clear any doubts people may have about the company and it's adviser. Please do not sell your shares cheap to anybody posting here day in and day out bashing the management and the comnpany. Hold on to your shares and you will be rewarded in many fold
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