APPEAL FOR SETTLEMENT BASED ON HUMANITARIAN GROUNDS PURSUANT TO MANAGEMENT HEARING - OCTOBER 31, 2014
Tuesday, March 8, 2016
U-GO BRANDS WAS TRANSPARENT WITH
THE INVESTIGATORS FROM DAY ONE
DECLARATION OF COMMERCIAL ACTIVITIES
Subject: BCSC Inquiry Log: 38849 * June 2013
PARADOX DISTRIBUTOR (1992) LTD.
Lorne Cire Cire and Peter Harris D. Harris
Mark Klaus Glusing – Past Chair & CEO (Decease October 2011)
Klaus Gunther Glusing – Present Chair & CEO (Decease November 2013)
Both residents of Providenciales, Turks & Caicos Islands (TCI)
Peter Harris D. Harris and Lorne Cire Cire
To salvage three years of hard work and protect our Canadian investors
Our goal is to set-up a Canadian Incorporation and assign our SPYru shareholders New Canadian Share Certificates
To Meet Canadian Business Legal Standards and Requirements
We must report to the following Canadian Agencies especially the BC Security Commission as to our corporate activities in the Turks and Caicos Islands since March 2010 and our request to assign new shares to our investors.
Alberta Securities Commission
British Columbia Securities Commission (BCSC)
British Columbia Taxation Office
Canada Revenue Agency (CRA)
Ontario Securities Commission
Saskatchewan Securities Commission
U.S. Securities and Exchange Commission (SEC)
German Federal Financial Supervisory Authority
PROVINCIAL SECURITIES COMMISSIONS
As of May 2013, we’ve stop signing-up new investors pending the BCSC. We did contacted PORTER RAMSAY LAWYERS of Kelowna, for legal advice in regards to our position towards the BC Security Commission, they did state PARADOX violated some Securities guide lines. We’re still in the process of seeking an American law firm to deal with the U.S. Securities and Exchange Commission (SEC).
We toke Mark’s idea from just an action plan and created, developed and sold some 80,000 SPYru bottles in Canada and the United States
Kelowna signed some 450 private investors (Canada and the USA)
GENERAL OVERVIEW and HISTORY
First Approach by Klaus Glusing
In late 2009 Klaus Glusing approached Peter Harris to form a new shipping line operating out of Quebec City to Amsterdam, the company was called ICON SHIPPING and our task was to raise $2M to cover the start-up expenses for the ship charters, container leasing and so on.
Since Peter Harris worked with Lorne Cire at PARADOX as an independent, Peter Harris recruited Lorne Cire to raise investment funds for ICON SHIPPING.
For six month Peter Harris & Lorne Cire contacted Canadian and American corporate executives, professional team owners to promote ICON SHIPPING with no success in raising any capital.
Personal Relationships and Working History
Kelowna's decision to work with Klaus was based on Peter Harris’s 17 years of working on and off with Klaus back in the 70’s at CAST LINES in Montreal and over the years Klaus became Peter Harris’s mentor and we had no reason not to trust Klaus.
Lorne Cire and Peter Harris have been best friends for the last 20 years and have been working on and off together for the last 15 years.
Second Approach by Klaus Glusing
By late 2010, Klaus asked if PARADOX would be willing to help his son Mark muster-up investors for his new venture called “SPYru Uberwater”, the nature of this business is to create and produce a water base drink infused with “Spirulina”. According to Mark he only needed $175,000.00 to get SPYru up and running, this was only going to be a short term assignment. Over time after Mark’s passing in October 2011, red flags started popping up and as a result from October 2012, Kelowna recognizing Klaus had a hidden agenda and this was to constantly badger Kelowna to sign-up new investors and not focus on the commercial development of SPYru and its success.
PARADOX/SPYRU - Money Transfers to Mark Glusing
Since this was going to be a short-term assignment and Kelowna had no intentions of being involved with SPYru on a full time basis, Klaus suggested Kelowna use Western Union and MoneyGram to transfer investor funds to Mark for the SPYru venture.
PARADOX/SPYRU – Bank Transfers to Klaus Glusing
Having no success with the ICON SHIPPING campaign, it was decided by all parties to focus our attention on developing SPYru. Base on this decision at first all investment funds collected by Kelowna were deposited in Lorne Cire’s personal bank account and forwarded on to SPYru.
Both Lorne Cire and Peter Harris approach Klaus insisting SPYru be transferred from Providencials, TCI and set-up in Canada or the United States and the transferring of cash money had to stop. In addition Kelowna insisted that all accounting duties be transferred to Kelowna, our request was belligerently rejected by Klaus.
In the meantime Lorne Cire switched the banking from his personal account to the PARADOX business account, pending our approaching corporate attorneys to investigate our legal position in Canada versus the Turks and Caicos. Our objective is to salvage our work to date on this project and protect our loyal investors.
It became noticeable Klaus had no intention to get SPYru Uberwater to market, Kelowna realised this when it was confirmed to Kelowna by major retailers they would not carry SPYru Uberwater due to the chemicals it contained.
Mark and Klaus were aware of this from the very start and never past on this information. Thus, Kelowna came to the conclusion the Glusing’s were only interested in razing cash for their personal benefit.
CONFRONTING KLAUS GLUSING
FOR MISS-MANAGEMENT OF SPYRU IN.
Both Lorne Cire and Peter Harris traveled to Providencials to express our dissatisfaction on how the company was being run by Klaus, we confronted Klaus with the following questions:
Q. We want to see the company minutes registered in Providencials, TCI?
A. No need for you to see the company minutes, I sent you the Director confirmation.
Q. How many shares does SPYru Inc. have in total?
A. No need for you to be concerned, just keep the investors coming and we’ll make it.
Q. How many shares do you have now since Mark’s passing?
A. It’s none of your business, let’s move on.
Q. What happens to SPYru if you die?
A. A lawyer will be appointed by the court
Q. Do you not have a lawyer to take care of business?
A. No, I don’t need one.
Q. How do we protect our investors since SPYru is an off-shore company?
A. Don’t worry about it, I’ve been running off-shore companies for years, they are protected.
Q. If the investors are protected, can you explain why we cannot transfer SPYru to Canada or the USA to insure regulations are adhered to?
A. As you know I’ve been researching the possibilities with an Atlanta law firm to possibly setting up SPYru in the USA. I certainly do not want to incorporate in Canada for tax reasons.
Q. We asked why SPYru is not supplying PARADOX with monthly expenditure reports and bank statements from the funds PARADOX is sending to SPYru/Klaus Glusing.
A. You don’t need to worry about that, besides I’m taking care of the books. In the TCI’s we don’t have to submit a financial report to Canada since we’re a private company and off-shore.
Total Funds Not Accounted for: $805,515.13
Mark Glusing: $213,759.99
Klaus Glusing: $591,755.13
We have no plans to pursue Klaus for these funds, our only resolve is to insure investor protection and security. Action taken to transfer Shareholder Base from Providencials, TCI to Kelowna, BC
Effective March 2013 PARADOX DIST. terminated its business agreement with SPYru Inc. and Klaus Glusing.
Our principal objective is to protect our investor base from losing their private investment and taking into consideration Klaus refusing to provide PARADOX with monthly financial statements of all funds transferred from Kelowna to Providencials, TCI.
Through our corporate attorneys, FARRIS LLP, Kelowna, BC and through Mr. Kevin Kingston we now have a BC Corporation listed as: ECHO PARTNERS LTD. We have instructed Mr. Kingston not to assign new ECHO PARTNERS and or U-GO BRANDS share certificates pending BC Securities approval.
ECHO PARTNERS LTD. – Profile
Nature of Business
A funding company dedicated in the development of all natural products with dynamic health and environmental sustainability.
Our mandate is distribute proprietary products and their trademarks under our subsidiary U-GO
Shareholder Base - Profile
With the exception of about five investors, from March 2010 to present, PARADOX signed “Four Hundred and Fifty Four” (454) SPYru Investors. A great deal of our shareholder base consists of the Cire Family and friends. The other two major contributors to our shareholder base are, Michael Kwasnek and John Thibert, as a result we have a substantial amount of Medical Doctors as shareholders. John Thibert is a retired Optometrist from Ottawa and is very well known in the Okanagan Valley, Mr. Thibert has brought a substantial amount of local business men to our investor base.
We only sold shares to friends, family and business associates. We never promoted or solicited the general public, all investors came referred.
RECENT ACTION TAKEN BY KLAUS GLUSING SINCE
THE MARCH 2013 TERMINATION OF AGREEMENT
Ever since the termination of our agreement with SPYru, Klaus has been virtually canvasing via e-mail messages and by phone some SPYru shareholders for more investment funds and criticizing Paradox, no one in Canada has responded to Klaus.
For your reference, the above mention e-mail messages can found in the “Klaus Glusing Corresponded in this folder.
In addition Klaus contacted Dr. Michael Kwasnek, John Thibert to offer them a position in SPYru selling shares in Canada, both have not responded to Klaus.
Present SPYru Inc., Canadian Agent, Representing Klaus Glusing
SUNRISE SOLUTIONS INC.
We do understand ignorance of the law is not an excuse.
However, in our defence if Mr. DeGroote, one of Canada’s leading business man and philanthropist can be taken by Klaus Glusing, just imaging? We never stood a chance…