Complaint Review: Yoshida Holdings & Trust

Yoshida Holdings & Trust is acting as agent for a Japanese Company (didn't want their name used) buying stock ($17.50 share) from holders of prior investors in Philppines Comp, Spectrum Blue Steel Corp (SBSC), which had patent for converting garbage into electricity.  Ronald Flynn, the CEO absonded with the investors money so SBSC folded. They are buying 51% for controling interest. Stock Holders paid $.44 to convert stock.

They then determined there were warrants that had to be purchased and converted (more money). Then probelm that Bank of America had lien against loan to SBSC. Had to pay $7500 per shareholder to get lien released. Then a shareholder brought suit and we paid $4500 but suppostedly got an additional 21,500 shares. Another shareholder drops out but since Japanese firm needs 51%, remaining shareholders need to pick up. Another $26156 but supposedly get another 93,000 shares.

Now another hitch has arisen.  After each round we get a signed document from Yoshida Holdings, the escrow bank HSBC Bank, Asian Acquisition Oversight Commiittee and High Court of Japan with signatures, stamps, etc. guaranteeing payout within three business days.  Each time the payout doesn't happen and another crisis occurs. Now, their agent, Andrew Garners nor anyone else, is responding to emails and phone calls.  This whole thing is an elaborate scam enticing with more shares and return but never intending to deliver.