Discovery Carbon’s CEO Billy Barnwell recently reported having 93% voting control of EQCO2, Inc. (CLNO) after issuing himself a huge amount of preferred stock in an 8-k filed on Aug 30th, 2013 in an apparent move to hijack the company from shareholders
Barnwell is being sued for fraud, misrepresentation, non performance and breach of contract.
You can find the lawsuit at http://crownequityholdings.com/CRWE_vs_EQCO2.pdf with the Case No. A-13-687800-C at http://crownequityholdings.com/CaseDetail.aspx.htm
Check this out:
On Monday August 22, 2013, Discovery Carbon CEO Billy Barnwell called a “special” EQCO2?s board meeting to be held at the headquarters of EQCO2 in Las Vegas, NV on Aug 26, 2013.
This was the first supposed board meeting called by Barnwell as acting CEO of EQCO2 and it seems to be an obvious attempt to bully the remaining board member representing Crown Equity Holdings’ interests. This meeting was not legal as there was no agenda.
Billy Barnwell’s first supposed board meeting as acting CEO of EQCO2, Inc. in an attempt to hijack the company, he and Shad Sullivan of Shamrock vote to:
* Remove a member from the board.
* Place Arnold F. Sock Esq. (non practicing) as a board member.
* Move corporate office to 282 Cheyenne Way, Zepher Cove, NV 89448
* Issued himself 500,000 preferred shares of CLNO to give himself a staggering 93% voting control of the company.
You can find CLNO ‘s Form 8-k at http://www.sec.gov/Archives/edgar/data/137148...lno_8k.htm
Crown Equity Holdings Inc. (CRWE) recently announced it is seeking a cancellation of the Exchange Agreement between Discovery Carbon Environmental Securities and Cleantech Transit, Inc. In addition, Crown Equity had notified the SEC, Finra and FBI of possible inappropriate solicitations, fraud and lack of transparency by EQCO2, Inc. (CLNO) CEO Billy Barnwell.
This is not the first time Discovery Carbon CEO Billy Barnwell has been in the news for inappropriate behavior.
Just take a look at this:
On March 20, 2009, American Environmental Energy, Inc. (Pink Sheets:AEEI) came out with a press release with title “ American Environmental Energy, Inc. (AEEI) Warns Shareholders of Improper Proxy and Investment Solicitations by Equinox Carbon Equities, Inc.”
In that press release, the company stated: “We have been notified by many of our shareholders that associates of Kensington Resources, a company currently under SEC and FBI investigation, are soliciting investments and proxies from the shareholders of American Environmental Energy. Kensington Resources and many of its affiliates have been ordered to cease and desist from the offer and sale of securities by state securities commissioners in at least two states, Texas and Pennsylvania. See http://www.ssb.state.tx.us/Enforcement/files/1662.pdf . Solicitations are being made by Carlton Williams, believed to be a former agent or employee of Kensington Resources, and As far as we know, Equinox Carbon Equities does not have any pre-existing business or personal relation with the shareholders of American Environmental Energy and solicitations have been made with inaccurate or misleading representations. Additionally, Equinox Carbon Equities has used subscription agreements in the name of American Environmental Energy without authorization.” (Read the rest at http://www.businesswire.com/news/home/2009032...s-Improper )
You can find CRWE’s Current SEC Filings at http://crownequityholdings.com/sec_filings.html
Safe Harbor” Statement under the Private Securities Litigation Reform Act of 1995: This release includes forward-looking statements intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. These forward-looking statements generally can be identified by phrases such as the Company or its management “believes,” “expects,” “anticipates,” “foresees,” “forecasts,” “estimates” or other words or phrases of similar import. Similarly, such statements in this release that describe the company’s business strategy, outlook, objectives, plans, intentions, or goals also are forward-looking statements. All such forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those in forward-looking statements. These risks and uncertainties include among other things, product price volatility, product demand, market competition, and risk inherent in the operations of a company.
