posted 8 January 2023, censored shortly thereafter

Welcome to Season 2 Episode 2 (Part 2) of the Many R’s Podcast featuring our centrefold Steve G Papermaster. This series is presented by Mark J Smith of DC Partners Solutions, Sydney, Australia.

Chapters:

0:01 – opening music 0:34 – greeting by Mark Smith, episode overview 1:04 – stop the presses, why the delay, episode changes, defamation complaint from Youtube Singapore. S2E2 (Part 1) has been banned / censored in Singapore. Where to find transcripts for S2E2 (Part 1) …. go to: https://www.dcpartners.solutions/2022… and view the transcript. 3:44 – greeting by Mark Smith, episode overview continued 6:23 – alleged writ from Leonie Hill Capital Pte Ltd and Arun Kant v DC Partners Solutions Pty Ltd and Mark James Smith in the State of Texas, USA. 7:01 – letter from lawyers for Leonie Hill Capital Pte Ltd and Arun Kant dated 16 December 2022 sent to Mark Smith 7:12 – Steve Clemons, The Hill 8:04 – reminder, #whoisstevepapermaster ? 9:15 – Steve Papermaster & Ernst & Young. 9:30– reminder, Who is Arun Kant of Leonie Hill Capital Pte Ltd? 12:44 – Who is Bobby Lau of Leonie Hill Capital Pte Ltd? 13:14 – Who is Wee Meng Thoo of Leonie Hill Capital Pte Ltd? 14:40 – questioning representations made by Arun Kant of Leonie Hill Capital Pte Ltd 16:40 – timeline of dealings between Arun Kant of Leonie Hill Capital Pte Ltd and Steve Papermaster.

tba continued … incomplete.

Transcript (prior to censorship):

[Music] Rogues Rascals reviewables roads rip-offs receivers real estate agents and much much more this is the many others podcast season 2 episode 2 and a half if you like or season two episode two part two uh joined words [Music] today is the 17th of December and I hope you enjoyed if you’ve got any questions give us a call 1-300-327123 or uh Solutions slash podcast and instant chat with us there at

well welcome to season two episode two part two uh my name’s Mark Smith and um I am joined by some bird life out here uh in my garden so I do apologize it’s it’s not a recording it is a series of beautiful birds out there in the background I hope you don’t mind having them in the background um well we’re going to have a look at um a deeper dive so if you haven’t seen part one of season two episode two then you do need to probably go back and we’ll include a link down below uh to season two episode two you know well stop stop the uh presses stop the presses today is actually now the boxing day the 26th of December and uh I’ve just re-recorded uh what we were going to publish several days ago I’ve just had to re-record uh because we received just on basically on Christmas Eve but at the end of the week uh we received this uh very nasty uh email from uh from YouTube uh saying that they’ve been a defamation complaint lodged in Singapore about our previous episode season two episode two like in part one now this is part two that you’re going to be watching uh and uh this complaint uh it resulted in the country of Singapore blocking access to a YouTube video now if you go to our website dcpartners.solutions slash podcast and look for part two of episode two you will see the transcript of what YouTube in Singapore wants to sensor and wants to um YouTube and Singapore has obviously been asked by someone in Singapore I had logic to defamation complaint and so I have gone the extra mile with this episode part two of season two episode two uh we have gone into extraordinary detail uh now in reply to that particular defamation complaint if there is going to be defamation uh I am a lawyer and as I’ve

graduated law and from the University of Sydney and I am aware that a substantial truth having something be substantially true even if it’s not 1 000 trillion percent true if it’s substantially true then that is a defense against the defamation so if we’re going to have this billion dollar the only Hill Capital company coming after me for defamation well I want to have a defense for substantial truth in defamation so we’ve stopped the Press uh We’ve we were going to publish this uh very very close to Christmas and for one reason or another the episodes the content just kept on you know moving and here on there so anyway this is a different episode than what we anticipated uh publishing but I hope you enjoyed anyway and if you if you live in the country of Singapore then I invite you to come to our website dcpartners dot Solutions slash podcast find the transcript for season two episode two and for now I presume this uh this episode season two episode two part two uh for now I imagine this is not a blocked in Singapore yet so if you want to access this now I may well put it up on another platform as well so that uh and I’ll provide the links in due course but you can come to our website dcpartners.solutions slash podcast and there’s obviously some reason that someone in Singapore maybe it’s leonie Hill Capital maybe it’s Aaron can’t maybe it’s someone else they do not want you to see what is in here so what is in here you’ll have to watch

in the part two we ended that YouTube video we talked about well this was recorded in the middle of November and we talked about uh the need for a very careful and forensic uh look at some documents so

most of them are discussed uh over my shoulder here whoops over my shoulder here uh uh on the backdrop and we’re going to go through Abyss we’re going to have a look at Stephen papermaster again we’re going to just remind ourselves who is Stephen papermaster or Steve papermaster uh who is Aaron Kant who is Leoni Hill capital and why are they important we’re also going to look at a journalist who’s come to our attention uh in something we’ll show you today uh called Steve plemons uh journalist at the hill now uh Steve has interviewed Steve Clements has interviewed paper Master uh may have interviewed Aaron Kent as well uh but certainly discussed Aaron can’t and uh I’m absolutely sure he has talked to Aaron Kant uh based on some uh transcript that we’ll have a look at and we will actually have a look at an interview from the 1st of July 2019 and we’ll discuss exactly why that’s important in a little bit uh we’re going to discuss a document that includes Henry lagia now Henry ligue I think is is uh a good honest person and uh his company is called Reliant immune Diagnostic Center at one stage he was the incoming Nano Global president and chief medical officer at one state but incoming I don’t believe he ever took that role um and I think it was very smart to avoid that role and particularly uh you’ll see why in a minute we’re going to go through this very carefully so it’s actually taken me a little bit longer to get to where but we’re going to go through a bank statement or lyncher it’s been provided to us and we’re going to go through it we talked at the end of episode part one that we would go through it line by line we probably won’t go through every single line there’s about 1 200 lines but boy there are some very interesting lines in there so we’re going to go through it I rely on the completeness and correctness of this now this has been provided to me um indirectly um from paper Masters office I believe it’s correct I rely on its correctness four statements that are made in this podcast and I disclaim to the extent of any incorrectness I’ve done my best to uh satisfy myself for the veracity of this document but to the extent of any incorrectness uh well I just came I disclaim that so I’m just the um statements that I make are to the effect that this Ledger and this bank statement and the related documents are true and correct business records

I’m also going to discuss an alleged writ now I’m I haven’t seen this uh an alleged writ against your blogger um and one of my companies uh in the state of Texas now I have a reason to believe a red has been filed uh I certainly um has it today it’s the 17th of December 10 47 am right now as at right this moment the time of recording I have not been personally served nor has my company been personally served right now I’m at the registered office of that company so if someone comes up and turn uh serves that document right now then I’ll discuss it on there otherwise we’re going to wear it and uh it has not been served but I’ll discuss why I think there is a writ on its way and the source of that knowledge I’ll also discuss a letter that I received overnight and as I said I’ve been very carefully going through this bank statement and this Ledger and researching I’ve also discovered something something some things uh really about a guy called Steve Clemens from the hill and uh the hill is a publication that uh Aaron can’t certainly been discussed in and uh Leoni Hill capital and state papermaster have Steve papermaster has been interviewed numerous times by Steve Clemens and we’ll discuss Steve Clement’s connection with the bank statement

now I’m not alleging that there is any corruption I’m just reporting that Steve Clemens appears on the bank statement

I’ve written to State Clements as bosses asking for an explanation and I don’t have one so I’ll include a copy of that correspondence uh I may well include a copy of a letter as I said received overnight and information I have on a alleged route in the state of Texas against myself and my companies all right so who again is Steve papermaster and who is Aaron Kent Aaron Kent and who is leonie Hill capital and why does this blogger give a [ __ ] well um State papermaster came to Australia and um

may have been involved in a car accident and may have been involved in some entertainment um and certainly met investors in Australia and um just so happens that uh at least one of those investors is my client and um laughs considers himself a victim of this sleep paper master um Steve claims to be an expert at everything claims to have worked in the white house for eight years for George W bush claims to be a police yeah like a policy expert um this is his uh Wikipedia page um Wikipedia.org wiki Stephen underscore papermaster so uh it’s there for everyone to see uh and if you Google Steve papermaster it’s the very first item you will see uh Steve Once Upon a Time uh was very close to Winston young he’s since been disowned and if you need a reminder uh business young recommends I have nothing to do with him and they’ve designed him they will not promote him uh they’re forbidden from promoting him uh so they’ve uh I think the words were dissolved all of their business dealings instant young so uh he’s got leprosy according to Anson young uh so maybe they know something that the rest of the world doesn’t know uh Aaron can’t well once upon a time Aaron can’t and Steve papermaster appear to be uh best buddies and uh is about other two and uh there’s also a few videos that they appear in and they appeared on stage uh sprigging about what Geniuses they both are and um uh I’ll make sure I include a picture of Aaron Kent not in his head yeah he’s an expert right um

as far as I know Aaron certainly is but I believe was uh CEO managing director of a company called Leoni Hill capital and Leoni Hill capital uh claims to be an exempt funds manager based in Singapore uh takes pride in being a you know hedge fund and a venture capitalist and private Equity Firm and all the rest uh this is some things that you’ll find on the website and I’ve included a profile here on Aaron Kant he was the chief risk officer and chief executive and all the rest so so once again let’s just have a quick look at Leoni Hill capital’s website this is an archive version you can’t see this right now but this is who they are Aaron can’t as I said chief executive officer Chief risk officer this this certainly was uh the case or this was the contents of their website until just recently and I will put down here down below a link to uh it’s called Acra which is the government regulator for companies in Singapore it does list the names of the officers and the shareholders and Aaron Kant is um certainly one of those shareholders this website lists him as the chief risk and chief compliance officer so Aaron’s out there looking after investors interest Disney um and why that’s relevant is uh when he makes certain representations about the strength of Nano he and uh the company’s commitment to an investment after a long period of diligence I suppose you’d call it so Aaron is apparently is an entrepreneur and investor he’s been around 26 years so he hasn’t just blown in this is what he holds out to the world that he is general manager and CEO at startups and Fortune 500 companies in the US Europe and Asia all of those so he’s uh apparently no blowing a diverse background in building Enterprises focus focus startups he claims you saw him nod his head just a moment ago that was to a question whether he was a um a guru at early stage Investments yep yep got in on SpaceX Tesla Baidu 10 cent uh Alibaba gun gun investor that was that was what he said yep that’s him he’s a guru uh he’s experience in investing in disruptive startups coupled with strong financial industry expert from trade from Trading to debt finance and blah blah blah blah entrepreneurial building Technologies just goes on oh he’s also the liaison officer on matters of anti-money laundering count of countering financial terrorism Singapore is a very very sophisticated Financial market and uh you know if there’s going to be any fraud Aaron would be right on top of it because he’s got an MBA from Stanford University and uh electrical engineering degree good on you Steve sorry Aaron is joined by Bob Lau head of private equity never met Bob I’m sure he’s a great guy he’s been an investment partner since 2010 has over 15 years in financial engineering and engine and energy Industries uh head of private Equity since 11 years there we go so another gun all these guns um look at those qualifications master of science in financial engineering oh my God so uh he’d be able to pull apart any balance sheet and put it back together again as would uh Wu we Ming Fu fumi Wing whatever head of Investments TMT uh a sector a veteran 20 years of track record served in leadership positions again in Fortune 500 companies like HP Sun micro VMware Qatar and telecoms it just goes on and on uh built a sales and marketing buildups channel and OEM ecosystems LED corporate strategy and m a like these are the guns that you want involved and uh why is this important again we’re going to see a representation made on behalf of leonie Hill Capital that we are committed and not only that but Nano is in great health it’s it’s uh it’s in um you’ll see the exact words you’ll say the exact words in Aaron’s own in Aaron’s own words that it’s highly disruptive it’s very disruptive I think you can use those words very disruptive and uh we’ll also this bank statement and Ledger is going to show us precisely how disruptive precisely the level of sales uh we Ming is involved in pro bono championing of innovation security alliances Cloud ecosystems cyber security blah blah blah blah blah now we don’t know what his uh qualifications are but um wow you know has he got any degrees don’t know but um would would Bob layout and Aaron care with air mbas and all the rest would they be involved uh could they um conduct due diligence on through me Wing what we mean we flew we Ming I’m sure they can in this video we are going to question the wisdom of some of Aaron kant’s representations and um the truthfulness of and where you can be the judge we’ll just look at them and we’ll just look at them factually and we’ll ask the question did Aaron make these statements uh I’m going to be saying that Aaron did make these statements uh the ramifications you can um come to your own conclusions uh there are some things that I think are inconsistent uh between what Aaron says and writes there’s no nothing like about putting something in writing to a very serious person saying something is true when apparently is not true and uh I’ll let you the reader determine for yourself whether you believe there is any consistent any inconsistencies uh I will also ask you the reader or viewer um the person watching this uh video to consider what you will hear in this podcast about Henry leggear and what Henry ligue has to say about his dealings with Aaron Kant and whether they line up with what Aaron Camp put in writing to to my client am I investor and we’ll also consider the role of Steve Clemens and a publication called the hill various very prestigious publication um and we’ll consider you know whether Steve Clemens has been

because that’s the word whether Steve Clemens has been ethical in discharging his duties and see if he can find any disclaimers on any of Steve clemens’s work and we’ll also have a look at some correspondence I sent to Steve’s bosses the editors and the board of the parent company that owns the hill uh we will look at correspondence with Steve with Henry lagier and again I say he comes through with shining pinchotic in a good light in a very good light okay we’re going to look at at the timeline in a in a forensic and I’m sorry a in a dense way so um the timeline and the um timetable leading up to when Aaron Kent made representations to our investor that my my client for that Leoni Hill Capital was very committed uh is something along the lines of this it certainly happened absolutely no later than January 2019 um and the investment was made in early August so this is a full six months before uh there are there is an interview with Mike Butcher where you see uh Aaron uh nodding his hair yep he’s he claims to be a uh an early investor expert Guru um expert in making those early Investments and this is what he’s holding out and he’s nodding his head telling the whole world yep he’s an expert and he’s sitting on stage at Davos with a paper Master being interviewed by a guy called Mike Butcher we’ve got over the shoulder here you’ll see there’s a tweet just confirming the exact date and time you know or at least the time range so we know it’s January and there’s also there’s a picture here of uh Aruna and papermaster and Mike Butcher on the stage

so this is not necessarily the next thing but the conversation is continuing and we can see this uh from a press release put out by Aaron and a paper master or the claims to be have been published on the 1st of March 2019 and um you know it’s talking about a conversation between them now it’s a continuation of this conversation so these besties are in there they’re on stage they’re dropping up Investments at um at Davos uh they’re changing the lives of billions and they’re making all sorts of promises they’re telling that this is going to be transformational for the world uh it’s going to completely change your life over the next 15 years of the App Store blah blah blah blah blah so they’re talking about setting up a platform and what does this mean uh well we’re going to now go and have a look at an article this this might give us a little sense of what this could mean I’ll bring you to an article at in the uh the Australian which is a huge publication here in Australia it’s one of the main dailies and um it’s an it’s one of the only Nationwide newspapers this in the financial review and it’s talking about the values that are involved and this might give us a sense so we know that our investors according to this cap table and I’m about to show you uh the investors are buying in at a price uh you know at a very small price that you know around 100 million odd US Dollars uh they’re saying this company is already worth 71 million dollars according to this uh cap table and uh uh papermaster is offering shares in a series two uh fundraising round you know it’s being held out that Leone Hill capital is going in for you know eight million dollars Alibaba is going in 10 centers going in um tpg another huge investor uh are going in you know for millions and millions of dollars and on top of that uh my investors are going as these convertible notes

this capped table I noticed dated 23rd of July now we’ll have a look at the financials later on we’re going to go through a spreadsheet but and we’ll have a look really for the entire year but what is motivating this investment we’re coming back to this uh Australian newspaper report it’s talking about now this is this is these are values today in 2022 and um I’ll put just down below a link to this article for those that are interested but it tells us that there are apps that are out there in the marketplace that are selling for 200 million US dollars So at the very least doubling your money uh and uh this talk here of you know other apps South Australian uh Kayla and Toby sell their sweat app uh for 400 million dollars so these are not um these are not small um these are not small goals that are being sought and yes there are today that we’re well aware of we are well aware of cyber risks but in 2019 you know uh what was being dangled in front of our investors is coming in on the ground floor and you’ll see you’ll see just shortly after this uh cap table is circulated Aaron can puts in writing that Leoni Hill capital is very committed very committed to an investment now I don’t know of any other way to um

interpret the words very and committed as other than very committed but um you’ll see

was uncommitted so very committed and I’m committed to clearly many different things turning now back to our timeline let’s have a look at these bank statements and we’ll go through this in fine detail and we’ll start to look at some of the notable transactions so keeping in mind Aaron his besties with papermaster from at least January well they’re up on stage so I I presume they didn’t meet out the back of the stage and decide hey let’s go out on stage and let’s do this um so we’re having a look and I’ll show you the um the spreadsheet you can see that there’s uh this is a bank statement of the banking transactions and uh sadly I can I can show you that on the bottom line here um there was a total payments of 21 million and outgoings sorry in receiving receipt of 21.7 million and payments out in other words it’s all gone um there’s three Bank bank accounts at Frost Bank and uh the Frost Bank Account Details we’ll we’ll go through those uh later on and you’ll see that these Frost bank accounts um uh marry well what is Apparent from and notable is that there’s lots and lots and lots of money going out every single month uh and Gusto I’m told is a labor hire company um a payroll company this gentleman here is um apparently the CFO former Ernst young a member of Staff but there’s some huge huge outgoings every single month and on the on the inbound side there’s nothing like absolutely nothing nothing up in terms of sales where where are all the sales and later on we get to August and there is a representation made by Aaron who at this point we know he’s uh intimate with this company from January 2019 onwards but he’s telling uh our investor and telling the world and now he’s now currently saying currently as it’s September he writes and says no we told people not to invest well in August 2019 you be the judge whether he is encouraging our investor to invest and we say he is so uh what what is not very obvious what at all is that there’s not many sales um so in the month of January uh what this six and a half thousand dollars yet on the on the expenses side there’s huge expenses um they’re spending a fortune on advisors now this is a man Mr papermaster who claims to be you know a guru a public policy expert he’s got a but yeah he’s got a payroll of um half a million dollars a month so this Gusto 236 000 a month is paying uh sorry that’s that’s a fortnight that’s a fortnight and you can see here um a very similar number on the 15th of uh January and it’s no different uh two weeks later

employed

two weeks later you know 230 something thousand a game so these are ginormous sums going out every single month a payroll of half a million dollars a month sales of six thousand dollars a month and I mean this isn’t these are not isolated months um these are this is a pattern and uh if we go over to uh this other account the 2942 account well where’s where’s this money coming from and uh they were like in other words how sustainable is this how sustainable is more of this well there’s a um there’s a balance of money even you know by March there’s nothing like there’s nothing coming in nothing nothing we can see in this particular account uh ending in one two double five there is some convertible notes being sold so it’s one and a half million dollars and so paper Master is apparently you know flogging off the silverware raising money with convertible notes spending half a million dollars a month on um half a million dollars a month on labor into Gusto let alone the other monies that paper Masters paying himself and uh we meet we meet Karen can’t um possibly Mico uh possibly at Davos but we’re certainly hearing from him in August of 2019 and he’s telling us everything is great they’re very disruptive they’re in very good shape Aaron Kant is and leonie Hill Capital are very committed uh it’s it’s hard to imagine given that I’ve shown you uh the expertise of uh the Personnel at leonial Capital it’s hard to believe that they hadn’t had a look at the financials uh before saying yes we’ll invest you know and yes we’re very committed uh it’s very very hard to believe that

so we showed you in early February there was a convertible note written that goes straight into expenses and out the door goes you know more money Thirty fifty seven thousand here advances to Steve papermaster um it’s just there’s some very large sums um the cfo’s taking 24 000 a month uh it’s interesting here there’s a there’s a fellow that we’ll see later on called Aaron and Aaron at nano.com Well turns out Aaron’s surname is papermaster cool uh Aaron and if we have a look at Aaron and his uh Facebook profile or his LinkedIn profile let’s go and have a look at Aaron’s LinkedIn profile this is a lot of fun Aaron papermaster well where does he work well he’s a director at uh powershift that’s one of paper Masters companies and Nano he was the head of operations uh app economy that’s another um that’s another paper Master Company so jobs for the boys this is all very good but it’s even better than that it’s got the sprinkling of the Aaron can’t holy dust because he’s saying well it’s all very we’re very committed they’re in good shape uh it’s it’s all nothing to say here and Aaron Kent holds himself out as an MBA from Stanford uh and one of the world’s leading investors he nods his head uh are you good are you good at making these early Investments oh yes we invested in uh what was it Tesla and uh SpaceX oh yeah we made a fortune there I mean what did they invest did they invest five dollars or did they invest hundreds of thousands it’s Aaron holds himself out that you know they invested millions of dollars and you know quadrupled their money and all this sort of thing he’s he’s nodding his head on stage and you see him not in his head and we showed you nodding his head he’s Aaron’s nodding his head and just in case uh you forget let’s have a look over my shoulder I’m sorry I over my shoulder let’s have a look at Aaron nodding his head again because uh Aaron are you an expert oh yes yes but um so lots and lots of dollars going out now in the tags on our web page we’re going to tag each one of these people that are helping themselves to invest his money and when we say helping himself it’s not really just a small amount we’re talking about in one year you’re seeing 20 million dollars uh vanish evaporate you know Into Thin Air and you know the company goes kaput um Nano Chris that’s one of the owners that’s a paper Master Company it’s taking 12 000. um there’s just that’s that’s this this week he’s taking 12 000. uh there’s a lot of these names we’d love to know about oh they’re giving away 25 000 in sponsorship now you know a company that’s uh that’s having this flog off the silverware to pay to keep the lights on uh I’m not so sure that’s a great idea to be giving away twenty five thousand dollars you know this month in sponsorship I’m not quite 100 sure that’s that’s the way to go especially when you’ve got giant sales to Amazon look at this at the impressive figure of six thousand four hundred and nineteen dollars how fantastic uh that is that is brilliant these are magnificent dollars

uh each month this seems to be quite a regular uh expense uh huge dollars to signposts now signpost is apparently a CRM type software a Jillian uh a paper master was setting up a company called a Jillian and bought Super Bowl ads and uh if you um if you’re unfamiliar with this I’ll pop a link down below to what the Liquidator of uh Julian had to say uh it uh it was one of the best capitalized businesses uh in at that time who uses in the around the.com bubble it was uh taking millions and millions of dollars from investors and paper Master managed to drive that into the ground as well there’s no shortage of Consulting uh people that um paper Masters giving money to and it’s bringing in a million dollars here and um transferring it you know from its other accounts it’s selling off the um silverware and at some point here we’re going to see uh you know some people where it you know it is a good thing it is getting legal advice so you know hopefully for the 51 000 it spends here and there was also spending money on uh Jones day and ey going to mention early later on uh it’s good that they’re getting some professional advice but it’s using money flogged off from you know the paperware sorry the silverware sales uh to do this and at all times when it was issuing these convertible notes the convertible notes were who have been doing payable to the investors in September of 2019 so come August Aaron’s telling us yes we’re very committed Aaron’s saying Leoni Hill capital is very committed to an investment of you know eight million dollars along with 10 cent and I do and um whoever the other ones were Alibaba uh I’d hate to forget Alibaba well that’s what he’s he’s saying and yet come September and Aaron’s pressuring according to emails written by both Aaron and papermaster Aaron is pressuring papermaster to close these convertible note rounds Aaron must have known that these were due and payable in September but he’s pressuring he’s pressuring paper master and the company to take this money

but he knows it’s due in payable in September of 2019 yet it’s got [ __ ] all sales if I could put it like that it has absolutely [ __ ] all sales uh okay 12 000 so sales are doubling but they’re at an incredibly low figure yet 230 000 too you know and these sorts of numbers are going out the door to Gusto for wages half a million dollars U.S per month and again this is all because it’s only doable because monies are being raised by flogging off the silverware Aaron now Aaron this is uh something to note 21 000 it’s not every month uh that I well we’ll have a look and we’ll do these reports but Aaron papermaster works at various different companies now I wonder how much he’s getting for um you know at the other companies so not only is he getting money from the convertible notes and the silverware being flogged off but other money’s going to other paper Master companies uh twenty four thousand fifty thousand um from the issue of a convertible note Stephen paper masked a hundred thousand dollars from an events you’d really

all of this all of this makes me wonder

when paper Master when Aaron can’t writes to my wow and says that now is in good shape and very disruptive and we’re very committed it really makes you wonder whether Aaron can’t can read um a profit loss whether he it all makes me wonder it really really makes me wonder um signpost that seems like an elaborate expense of thirty six thousand dollars a month half a million dollars a month for labor it just does not seem uh doesn’t seem sustainable yet Aaron is saying good shape good shape we’re very committed uh there’s some very large expenses going on here

again all of these people all these people we’re going to tag

and people that I don’t know from people that have worked with Aaron you know what’s he like uh uh anyone wants to give us any tip-offs go to our webpage down the bottom uh and there’s a tip or form send us documents uh this was a fabulous arrangement for papermaster himself he was he was taking out of every fundraising who knows whether he’s getting any money from custo like is that is he you know a beneficiary of that payroll as well uh did a Julian you know turn into signpost uh is is make money paid to signpost also money that goes to papermaster I have a famous idea but I’d love to know that anyone that knows anything about signpost let me know Mark at markjsmith.com or use the to perform down below on our webpage dcpartners.solutions slash podcast uh so again four and a half million dollars of uh convertible notes uh and what what happens well uh Aaron’s got his hand out paper power shift is getting money the lawyers are getting paid uh the uh ex Ernst young CFO of um Nano is getting paid another six hundred thousand dollars getting paid to some other people so that’s they sound Chinese don’t they um we’ve got well converted note payment of six hundred thousand so uh we’re we’re vlogging off shares uh to pay back the people that we borrowed money from in the past I wonder whether there’s any recycling going on so there’s some very very very large expenses and again um well Tommy Hall he got his money back didn’t he uh convertible notes so that was some convertible notes paid back um now any one of these companies will list them all would love to know McLennan their insurance people aren’t they yeah so every month we’ve got our our CFO is getting well looked after sales come April well 24 000 that’s pretty that’s pretty uh disruptive isn’t it um we’re only falling short just that the wages bill by 475 000 a month it certainly doesn’t appear um sustainable convertible notes Griswold trust they’re getting paid back 150 000 great yet more money is being raised isn’t it so no doubt these are all very very interesting and promissory notes 25 000. I guess that’s uh like a convertible note as well um so how are we going to pay that well we’ve got sales of 10 grand to Amazon um should be fine should be fine so these are our um our expenses now again more gusto it’s um it’s fantastic

we’re going to go back to this timeline now and just have a look now that’s our look at early 2019 and we’re looking at uh team in fine detail so I’ve showed you all the people sucking off the um the teat of the Nano uh machine uh June 2019 well paper Masters over in Monaco Monaco and he’s floating around super yachts and making all sorts of promises

I can’t tell you exactly when this was recorded but I want to go and show you now and this interview is done it goes to where on the 2nd of July the first of July there is a payment from paper Masters company according to this spreadsheet there is a payment that goes that goes to the interviewer paid by interviewee I’d like to have a quick look at that interview and we’ll have a look at this spreadsheet on the 1st of July it’d be good to have a look at the bank balance because keep in mind there’s half a million dollars a month going out and the only way that this works is if more convertible notes are issued because sales are coming in at the enormous sum of about nine thousand ten thousand dollars a month there’s huge money going out the door uh our public policy expert is is paying huge dollars to Consultants uh he’s got his CFO who’s taken 15 000 a month we’ve got Aaron who’s in there all the time you know for fifteen twenty thousand dollars twenty five thousand uh we can um anyone that’s interested I’ll put this spreadsheet up on our website and you can go and uh let’s just have a look we’ll go and have a look at Aaron at uh Nano Global that’s Aaron you know who Aaron is Aaron papermaster and uh well in the year poor Aaron it only took 276 thousand dollars for the year now at the same time we know that Aaron um we’ll just just go back to selector we know that poor old Aaron um he’s a busy boy he had some other jobs he had to attend to as well so uh at the same time he was a director of powershift at the same time he was the owner and president of free range at the at the same time he was the head of operations at Nano he’s taking 274 000 he must be on a million dollars a year or something um is he well I don’t know he’s on more than 274 or is he a volunteer at free range he’s the owner and president um is he getting money there now

let’s have a look at another payee power shift power shift finches power shifts getting half a million so he must be he must be taking a clip here as you know what did what do you get for half a million that’s that’s just in the year um we’ll have a look at uh Steve go out Stevie so well Steve Clements let’s have a look at Steve Clemens but we’ll have a look at paper Master as well so Steve Clements now this is telling me that Steve Clemens now that there may well be more than one Steve cleaners in the world I’ve written to the editors at the hill where Steve Clemons were a one a Steve Clemens apparently works uh I couldn’t see any um I couldn’t see any disclosures given that Steve does a cash for comments but uh maybe he doesn’t but maybe he does I don’t know what I’m what I’m alleging is that on line 630 of this uh checking account Ledger is a record of a payment by wire on the first of July 2019. from paper Masters company to Steve Clements for 14 000 61.99

uh otherwise Steve papermaster has taken advances for one

of 1.2 million on top of that we just saw a moment ago that um powershift has taken 557 thousand dollars uh let’s have a look at Nano crest

Nano Crest Holdings well that sounds official doesn’t it Nano Crest is oh well that’s fairly modest they’re they’re only finance Consultants well they’re only tied up to 100 Grand to a year that’s on top of I mean we’ve got a CFO um I wonder if he’s um I wonder if he’s giving advice is Mark Maney if I pronounce that correct the CFO is only on 362 000.

so look there’s some there’s some questions but it’s okay because uh we’ve got Assurance here that Nano is in a really good shape

so I wonder what really good shape actually means does it mean that um does really good there’s very good shape actually I think in fact I think we should pause and see precisely what did um Aaron write to our well

so what’s being said let’s have we will have a look at the bank balance at this exact time in a moment but uh what is being said is that on the 2nd of August 2019 papermaster writes to our wow it says and this is copied to Aaron hi wow we would be delighted to have you join Nano family and friends as you’re contemplating Aaron has uh has pushed me to close this out right away as we will begin as we will begin closing the institutional round with Leone Hill and others and the valuation will be higher so we’ve shown you that article in the Australian where these sort of apps are going for you know 200 400 and 500 million dollars these sorts of figures and that was clearly the intention and if if anyone needs to uh have a look down below I’m going to publish an article between an email between paper master and the whale where the Wales company anyway saying that is the intention and we’re looking for a you know post money evaluation of 500 million I think I think was the figure uh it was wonderful uh for us to all share dinner with you in Monaco on your yacht so we are talking about you know some big fish here and you and blank such gracious hosts gracious hosts thanks again in any case in any case we really appreciate your support and look forward to teaming up in many ways and growing the relationship uh so this is on the 2nd of August now I’m going to take you to a letter from Aaron’s lawyer later saying oh well uh the closing date is uh for the offer was the 30 the 31st of July so this doesn’t count uh I run on the 4th of August now the investment was made on the fifth um and this is what Arun writes and I think it would be worthwhile to before we go through this in detail let’s just go back to what he’s saying now in September 22. a run writes to me out of the blue and he asks um he says he wants to clarify a few things this is uh September so I post the blog back in August or whatever it was Private confidential dear marking I’m copying blank from blank who’s well known so that’s another investor it’s another while but not um not not my well I know who this particular whale is and uh it’s a different person I’m copying blank from blank who is well regarded in the Australian industry he will tell you how we work uh and we were in no way involved with investors who put money in to Nano that seems pretty clear we were in no way investors we have no idea what covid-19 vaccines you’re talking about so that’s that’s uh Steve’s video when he says he’s got a cure for cures and um he’s got a cure for pandemics and he’s got a treatment for covert yet this company goes put right in the middle of covert um has spent all this money in fact this is what Aaron writes we in fact told people not to invest in in Nano after art after our DD failed well he’s saying he’s saying we’re no we were in no way involved with investors who put money in and he’s saying he told them after their DD failed he told others not to invest well he’s he’s saying we will have a look and see what Aaron at the time is saying um and he says he told Matt W and uh blah blah blah not to put money in uh he says ey Ernst young had iddocumented due diligence document praising Nano and its technology and hopefully you see that first there’s more real cast of characters you don’t mention in my ass why so um we we do have this uh we’ve got this Bank Ledger and we can see who these people are and each one of these people get a mention each one gets a mention every single person that’s here is being tagged on our website and if you know anything about any of these people we’d love to hear from you use the typical form down below uh or go to dcpartners not Solutions slash podcast and use a Tipper form on that page so coming back here this is what Aaron now says I I hope you will give us a chance to clarify or to rewrite history is that what he’s saying to clarify and glad to answer any questions you have now that gladness seems to have worn off a little bit but this is what he asked for I’d like to rewrite history and I’m glad to answer any of your questions dear blank please help me to get my name clarified and I hope you’re doing well regards everyone can’t so what did Iron write at the time which the following day our wow different whale not this guy another whale um

well of course this this particular well as well as my well to put in money millions millions of dollars so Aaron writes to Steve and copy Steve and my while and says Dear blank he doesn’t write this Dave he’s talking to my wow do you blank we are contact we we are committed to Nano and very pleased to have you and some other friends at I’m sorry and some others join at the family and friends round we are committed I’m sorry I I said very committed okay we’re committed so that’s even clearer we’re not uncommitted we’re not

we’re committed that’s a representation this is trade and commerce and these [ __ ] are out there trying to get investment investment millions of dollars and they’re holding themselves out but we’re committed and now at this point we showed you that in January at least January um paper master and can’t know each other they’re sitting up on stage in Davos they’re writing journal articles and dated the first of March they’re getting more interviews I’m going to show you the Steve Clemens interview in a moment um it’s and which I I don’t know if it’s the same with Steve Clements but a Steve Clements was was paid the day before this uh YouTube video apparently goes to where a Steve Clements was paid 14 061.99 now whether it’s the same Steve Clements I can’t tell you as I said I’ve written to the board of the hill to inquire if it is the same Steve Clements and we’ll just have to hold our breath uh Aaron writes on the 4th of August we are pushing Steve to close this round now I will show you the letter from arun’s lawyer saying oh no it was already closed and Ron is saying here it’s open and but we are pushing Steve to close it so when you tell a director of a company to do things and that company does it

you’re acting as a de facto director

at least under Australian law that would be the case if if

at least under Australian law that would be the case I will put

I will put up a definition of what a director is under Australian or under the corporations law and a director is not just the person that sits on the board it’s the person that the board or the actual directors have a tendency to listen to and to take directions from and it would appear that Steve Steve writes and and on the 2nd of August and say says Aaron has pushed me too close there’s an admission and uh there’s an admission Steve Sai are being pushed by Aaron and Aaron says that’s true I am pushing Steve we we have been pushing Steve to close this round with family and friends fast because because why because once things that institutional investors come in we are not planning to have any convertible notes so we know that Iran is committed to coming in and these convertible notes are finishing and so once our Arun puts his uh 8 million in and 10 cent put their four million in and their other friends put in another four million in that was Alibaba and yeah some other friend puts another we’ll pay out your convertible notes well no your convertible notes convert that’s the idea so uh you get common stock in other words we’re very committed you’re getting common stock come and invest with us we are very pleased to have you and and some others so we’re welcoming you to the share register we we are very pleased to have you and some others join join present tense join at the family and friends around join who join us

he’s speaking for for Nano here rui Nano investment Aaron you’re you’re in big trouble here buddy uh we are not planning we are not planning he knows he knows there’s no plan for any convertible notes because he’s on the board he’s acting as a director he knows he knows the Strategic direction of his company he knows the company is in good shape and very disruptive trust me trust me the company’s in good shape so we’re gonna have a look at its bank balance when it’s writing this on the 4th of August so there you go 4th of August and we’re going to have a look at the Gusto payroll I’m gonna we’re gonna see how good a shape it was in we want so we’re telling we we’re not management but we’re telling management we want management so in other words he’s the board we want management to close the funding round and concentrate onboarding on onboarding customers which will be good for adaption of platform and revenues so that’s the that’s the task let’s get these revenues up he would know what’s it how’s it going to be good for for Revenue you must know what the revenue is he must know but trust me it’s in good shape and very disruptive thanks again for your support and looking forward to our journey with Nano so we’re all on a journey together with no no if you have any questions please feel free to contact me oh so later on our friend does our whale does contact Aaron oh no we weren’t committed but anyway let’s have a look so the next day so that’s the fourth at 8 28 p.m the next day for the while Arun and Steve we’re excited by the opportunity and will commit to an investment of 2 million US dollars if you can send the documentation and confirm timing of funding regards well

papermaster writes back oh that’s very nice Mr wow uh two you know Mr wow CC I ruin dear blank and blank so this is um this is a person that’s at the Wales organization we’re delighted to have your support and involt we are delighted to have your support and involvement in Nano we have been closing out all Financial final family and friends as Arun has described in his note so we will send the executed documents and the wiring information for funding right away we look forward to teaming up in many ways together and to staying close as we execute on the upcoming near and long-term milestones and we know that Iran is on the board because he said so he’s not he’s not part of the management and that was what he said so these are some of the sorts of documents and this is some of the ways that a rune is holding himself out let’s go back and have a look at how good a shape when Iran is saying that it is in good shape and he’s on the board

let’s have a look at the at the bank balance so we saw that document and it was dated it was Dayton the 4th of August the um the issuing convertible notes still a hundred thousand here 100 000 there

it’s taking 150 000 from uh paper Masters company Short Term Loan 150 000. 100 000 with something off Tim uh silverware more more money just to keep the lights going power shift have to have to put in 25 50 a couple hundred thousand a week we’ve got sales of [ __ ] all and uh well look have a look at the uh bank balance 4th of August minus OD so just to pay the wages 246 000 so half a million a a month 200 quarter of a million a fortnight it’s in good shape apparently according to heroin it’s in good shape paper Masters email goes out on the 2nd of August saying well thanks for having us on your super yacht um very nice to meet you in Monaco thanks to your darling for hosting us uh Arun is pushing me Iran is pushing me to get some money in the door because uh Hey like I want to know if the um if the wages checked Augusto is going to bounce quarter of a million dollars and when’s the next one coming in we’ve got sales of six thousand to Amazon oh that’s not much and uh paper Masters having to prop up you know he’s a quarter of a million dollars here so really it was only ever able to pay the the thing because paper master was put in emergency loans so this this 250 000 so that’s how I kept that on and I think this is uh not my well the other while which you’ve been one and a half mil it may be another another one and what does um what does paper Master do well as soon as money comes in I will take out uh we’ll take out money for a power shift uh and here’s here’s my wow so there’s that representation here oh it’s in good shape well it’s actually overdrawn negative money and a run this is something well is this something that investors people that listen to the advice of a run ought to be concerned with actually think it might be shooting common stock of two thousand dollars

so more money is uh two million lands on the seventh and the cfase got his hand out for 50 grand for that month yeah that’d be nice and then paper Master one’s 50. and it just goes on and on and on and on and just to be able to pay the bills how would they have paid these um these amounts had these whales not chipped in this money it’s it’s a real interesting um it’s a really interesting question now we showed you a Steve Clemens a Steve Clemons on line 630. here would have been easy to miss was paid the sum of 14 000 61.99 we’re now going to go and have a look at a

YouTube video featuring an interview from another Steve to Clemens I don’t know if it’s the same one or not but a Steve Clements is give me an interview and it goes to where on the 2nd of July but the previous day could be the same statements could be a different state of clearance it receives the sum at 14 000 61.99 so if anyone happens to know anyone by the name of Steve Clemens that um it could be a different one okay I’d like to hear from you if your state claiming that you’re a journalist and you give interviews uh what is the ethical code should you be sort of writing a disclaimer or hey I’ve got an interview or you know I’ve received a gift of 14 000 or I’ve received a gratuity or um I don’t know what the ethical codes are I’m not a journalist but I’d really like we’re just going to skip through a few bits of this okay we’re going to see the intro and then I’m going to take you to about nine minutes in what’s the body language on this guy Steve Clements tell me if this is tell me what you think tell me what you think write some notes in the in the column in the comments below and now joins to you on stage for a conversation about data-driven cures is the CEO and founder of nanovision Steve papermaster please give him a warm welcome

so I met this guy a few weeks ago and I um actually had seen well that’s absolutely bull crap because this guy Steve Clemens met Steve papermaster on a trip to China in about 2007. all right keep going see him in action uh in Davao Switzerland in January but had known his reputation of being a science advisor to President Bush and this was still a time when science advisors were looked at as you know you know good people right so uh you know I’ve been worried myself many people have seen my writing I’m worried about you know the state of science or doing with science respect for Science and these systems we’re in and see paper Master just to put on America’s not only the CEO advantage and founder a real entrepreneur well it’s Clemens guys putting on quite a show he’s really pumping up uh the audience here uh it’s as if he’s being paid or something I mean shall we let him keep going reference by uh was also one of the people who’s really one of the fathers of the uh Human Genome Project so Stephen have you take us down the path you said this morning before and we had that we have the Cure curing and a lot of our assumptions that built in and how we’re looking at the future of healthcare are pretty rotten to the core am I misstating that uh no Steve thanks a lot what did Clemens just say that am I misstating that did I say the right words um did I did I say what you asked me to say uh let’s keep let’s let’s let Clemens keep going well actually we might skip ahead to the more gushy bits wait until you get to this bit I mean it just gushes and gushes and gushes it’s so only so much caching we’re gonna have but let’s let’s go to the ultra gushy stuff securing and to cure it I think we have to call out uh the truth in the room which is broken um even the way that we develop and deliver cures is broken it’s nobody’s fault it’s just broken relative to where we should expect it to be at this stage in 2019.

even close to it again not certainly anyone’s fault it doesn’t work so if I’m getting it right sort of nanovision and what you’re trying to create as a platform that’s a bit Facebook a bit 23 and me and a bit Uber is that right that’s right um okay so um on the right track so what does that mean I think one of the things we’ve been struggling with today and I find uh so important this is figuring out how you Empower people and patients where they are facet of life or we will have failed in the opportunity and that is tragic so and we need to translate into changing everything about clinical trials drug development drug Discovery um pricing uh we don’t have to talk about whether we have a uh an arbitration to determine or transfer pricing of Freedom that access you just get on and use it um most aspects of cures and care we should have available to us whether it’s free or it’s fairly low cost and very rapid development and delivery so instead of 10 to 20 years to develop a drug with a 90 to 99 failure rate that will serve less than fewer than a million people it costs over half million dollars we should have things falling on a Fair concert basis with a 90 plus percent success rate that can be self-adopted or adopted with Medical Care is appropriate it costs fairly little individually and collectively the economics are fabulous Mark Cuban maybe even more Cuban from Shark Tank and a runecant who’s an investor who’s an investor in Alibaba and SpaceX and Tesla and you know a lot of the players out there have both I know they put about 200 million dollars of investment into your company what are they salivating over I know they put 200 about 200 million dollars into your company tell me Steve what are they celebrating over wow this is really incredible high pressure test questioning isn’t it it’s it’s as if this is a paid performance now I’m just going to tell you we’re just going to have a look in a moment we’re just going to have a look down at the okay we’re going to go down and we’ll have a look at the YouTube release date watch this date watch this date okay well two things one is we have Partners investors such as Mark Andrew as you mentioned who are number one socially aware unconscious who doesn’t want to change the world you talk about impacting investing today what Twitter impact do you have then dramatically changing the ability to cure and care right so Savvy investors and Savvy partners are very devoted to that for every good reason number two good old economics namely One Market bidder faster going with more Global implications than the market for health there is none and so from a standpoint of creating an opportunity to an ecosystem to have a winning platform or win Platforms in the marketplace there’s none better and just finally before we go to the audience um we’ve had Hospital Folks up here pharmaceutical firms uh Patient Advocates just you know just every you know insurance plan what do you need from them for what you’re doing what do you need as far as the ecosystem to shift and Make Way for what you’re going to do or are you going to compete with all of them well on one hand we need nothing um other than probably awareness I mean that’s not a negative it’s just that um uh that the path to writing strong adoption of winning platform to Marketplace is paved through the path of least resistance and least levels of permission so this is not permission based we’re going to do this we certainly encourage others to do this because this is something that has to be done successfully in the marketplace in the world and I think this is one of those moments where people are generally where they say it or not they’re fed off this distrust of Science and distrust of medicine um and destructive medical and health isn’t because I think the collective wave use these all bad people it’s just there’s clearly that sense of this is just not working it’s not because it isn’t and whenever we can again look at themselves and say in every other fast in my life Everything Has Changed except my health or our health or curing so that’s why we have this societal issue that is global not just in the U.S now what do we need we just need people to think this is a great idea um and be part of it or cooperate in whatever way makes sense and at minimum take this vision of the future and Pull It Forward expect of yourself and anybody that you’re with and any institution you’re part of and say if this doesn’t happen in 10 years we have totally made a mistake don’t let it be acceptable in 10 years everything should have changed in 40 years um everything should have gone from the inconceivable to the indispensable in this phase of your life let me make a deal did you note that date 2nd of July 2019 note that date don’t forget that date now we’re going to go over and have a look at uh this timeline other people here will we might end this examination and we’ll just put this uh Excel spreadsheet up onto our website dcpartners.solutions slash podcast and look at uh season two episode two part two and you’ll find all the people that are sucking on the teat of Nano Global there’s there’s plenty of them and we’ve listed a we’ve listed them all here uh there’s more and more excuse me same or squadalupe they seem to be in here from you know plenty all the time a signpost is in there every month for you know um 36 000. anyway there’s lots going on and keep in mind our ruin was uh pressuring uh to close the family and friends around while they’re still issuing um inventable nights a little bit later you know through September so there’s four and a half million raised there in that uh in that period and another three million in October it’s it certainly does make you wonder and you know more money goes out to all sorts associated with paper masks then we’ll have a look at it at a um

uh some sort of board paper uh talking about uh managing conflicts and so on I wrote Aaron sorry I’m not sorry Ron Aaron uh he’s there uh taking 20 grand you know Steve’s taking this you know 40 Grand here Beyond benefits trust that’s that’s an interesting one who are they parent again it’s it’s a never-ending uh well the music does eventually stop the music does stop but we’re told we’re always told we’re always told by a run and I will say this apparently apparently uh a ruins company provided on top of all this a runs company provided one Nano company or a paper Master alone okay well we’ve just had a look at um a very detailed look at those transactions and we’ve looked at an interview with Clemens we’re just going to go and have a look at one of the very early uh conversations again where Aaron Kant is holding out that he’s an expert in these early stage Investments and let’s still kick this off we’ve got Steve and master he’s the CEO of Nana Vision now Steve has a reminder last year’s career actually serial entrepreneur who’s been advised to the president of the United States of two terms uh George Bush in the White House and co-chairs of presidents Council of advisors on science technology and next to him is Aaron County he’s the chief executive officer uh with the only Hill Capital um and I think it’s actually invested in PayPal back in the day and SpaceX so clearly people who know what they’re doing except for these early stage Investments okay so clearly people who know what they’re doing with these early stage Investments now you heard it um now you heard it uh and you saw that I need to be aware Stephen Clemson or Steve Clemson maybe he knows what maybe it was a Pinocchio moment and uh he had to fling back because you know some body part was growing as he was talking but Clemson said Mark Cuban many of you know Matt Cuban from Shark Tank and a a real [ __ ] or Aaron [ __ ] however you say it uh who is an investor in SpaceX and uh Tesla Alibaba SpaceX and Tesla and lots of other players out there I know they’ve put now I know this is what he said Clemson said I know that they have put about 200 million of investment into your company I know that’s what that’s what Clemson said how does he know Clemens Clemens Clements pardon me how does Clements know how does he know that these people have put 200 million dollars in now this again we point out this video is recorded on the 2nd of July 2019. Clement says I know they’ve put about 200 million dollars of investment into your company Steve isn’t that right isn’t that right no it’s not right it’s a fat lie it is a fat lie okay well we’ve had a good look at these transactions uh let’s come back to the timeline now and we’ll have a look at uh one more person well worth a few more people really but we’re going to go to our next person which is Henry lagia and some of the things that this gentleman said and uh Henry lagia is the um CEO and founder of company called Reliant immune Diagnostics who Steve papermaster and aronen card um I say that very confidently I run can’t or if not everyone can’t someone at a Leoni or Capital did actually try to purchase this company uh Reliant immune Diagnostics it’s a United States company let’s have a look at this email with um Henry okay so by way of some background here uh I’m going to show you a series of documents relating to Henry lagia now I just want to be crystal clear I think Henry is uh blameless okay he’s he looks really really good in uh this entire mess um Nano did circulate uh documents uh talking about a 300 million post money valuation and a 55 million dollar Institutional Investor um offering now this is slightly different to the cap sheet that I showed you earlier whether I’m talking about a 500 million dollar um post money uh valuation but Leoni Hill capital is still shown in here so um it’s uh the role of leonie Hill capital is very important and you’ll see in a in an email I’m going to show you from uh their CEO Aaron Kant or uh that um if that’s his pronunciation uh that Leone Hill Capital claim that the reason uh a key reason they pulled out was that Henry’s company didn’t sign on now keep in mind um Aaron also wrote and denied that he told people to invest yet he told our investors he wasn’t he was committed we’re going to see a bit of Double Dutch here from um from Mr Kant uh so again

you be the judge you be the judge uh Leone heals a 33 billion investment fund so they claim uh and hold and a holding company an early investor now um as I said in the very opening of this um in the very opening of this YouTube video uh these guys someone in Singapore someone in Singapore now that may well be leonie Hill Capital it may well be Aaron Kant or his fellow directors Bobby Lau uh through we Ming uh someone in Singapore has sought to see um uh stop the YouTube video and they’ve managed just in Singapore to stop part one of season two episode two uh they don’t want you to know well if you’re in Singapore and I guess maybe there’s many of their investors are in Singapore uh well you’re supposed to be kept in the dark about these things uh but so the use of the funds was going to be for the integration of uh Reliant and the menu a merger between Reliant and uh Nano and this thing called MD box Henry well to come is Henry’s letter and we’ll also have a look at a excuse from Aaron about why Leone Hill didn’t proceed uh this document we’ll put it up on the website um and probably funding 50 million uh institutional family and friends offering now I’m actually told um that by about July 2020 they actually raised 64 million dollars but I only showed you a ledger of um of 20 about 20 22 21 22 million uh and that came and went uh during the year 2019. now that’s that’s a ledger and if you have other documents um and you want to tip us off go to our website dcpartners.solutionspodcast and down the bottom you should say tip or form send it in uh I’d love to read it so this is a this is an interesting document um and it says what it says uh the next one we’re going to have a look at is I did mention about all the money that um Steve was taking and paying to his related party company so he provided this management guidance statement um and they claim they claim and I said it was a good thing that they were getting legal advice well they claim that uh they had legal advice and guidance was obtained from Ernst young Parthenon ey’s Life Sciences team Capital markets team Jones day now we could see some evidence that they had uh paid 50 something thousand from memory to um Jones day and and other firms uh keeping in mind paper Master claims to be a public policy expert um worked in the white house for eight years personal personal advisor to George W bush well I spent a lot of money on guidance and advisors and you can um total this up again in on our website dcpartners.solution podcast you can find season two episode two part two this this video and uh the page relating to it and a transcript of this video and all the attachments that we’ve talked about they’re all on that particular page next document we’re going to go to a email that was sent in early in March of 2020 and it was sent to a real or a rune however you pronounce it and so we’re going to read this from the bottom up March the 27th and uh and we’ll see what Aruna has said and what he says now we’ll just refresh ourselves and uh dear run my company invested two million dollars in Nano introduced to us by Steve papermaster you sent me an email on the 4th of August indicating you were committed so the principle of this victim company has written and said well they understand what they understood from what Ariel wrote was that and the Real’s words were that we’re committed we are committed and to the effect that it was in good shape and very disruptive very disruptive uh with six thousand dollars of sales to uh Amazon and that’s about it uh a real road but uh this company was very disruptive um and a real I said that he was going to invest eight million dollars according to that cap sheet now the cap sheet all of that is on our website dcpartners.solution podcast and go to season two episode two part two um and since that time so I’m just going back to reading this email since that time uh you said that you were committed to Nano and on the strength of your reputation as a three billion dollar fund um and someone with an MBA it’s from Stanford and all the rest and you’re signed term sheet where in the same terms in the signed term sheet Ariel said that he would consent to being a director of the company and being on the board and investing eight million US dollars plus bring 10 cent and buy due and Alibaba now we’re going to see this name Alibaba as well and then there was another company they claimed that they’d bring along called tpg ah on the strength on the strength of your reputation and sign termship we made the investment that’s the victim company since that time we were assured everything was proceeding as planned and was in order however we’re unable to get requested information and uh the um convertible notes that were subscribed to for two million dollars uh the day after a real or a rune said that they were committed at the very very next morning uh the two million dollars was sent off um so that’s a very direct Reliance um I’ve lost my train of thought uh oh yes those those convertible notes were due and payable in September and a real as I told you agreed he was advising the board I showed you Australian corporations law and that that would constitute if if the board is um the board tends to accept your recommendations on an ongoing basis whether you are an investor this is under Australian law now this company is incorporated under Delaware law in the United States I can’t tell you what Delaware law says but in Australia if a company was um taking your advice and and continued to you know take your advice in a real put in writing to the author of this email that yes that’s true he had pressed paper master and he had pressed the company you know to close off this family and friends round um and but he was delighted to take my investors uh two million dollars well if you are someone in that uh that was giving that advice and the board’s taking your advice you’re treated as being an a director and uh you would be liable if you raised two million dollars that you knew you couldn’t pay back in September or you didn’t have a real you didn’t have I mean um if you didn’t have a proper basis for accepting that then you could be personally responsible as a director whether you’re on the register of directors whether you’re listed with the company regulator you could be liable as a director yourself for trading that company at a time when it could not meet its obligations as and when they felt you and so on that very very date a real say that the company was in good shape we showed you the Ledger that states that that company had negative 18 000 in the bank it couldn’t pay its payroll unless paper Master put in a quarter of a million dollars which he had done just one or two days prior so a real ought to have been or a rune ought to have been very very careful very careful in making that statement that leony Hill Capital was committed and he wrote as we said he wrote that you yeah we are committed but they were his words we are committed and the company is in good shape and very disruptive those were his words so um the investor then goes on I’ll continue reading this um I would appreciate if you could give me a confidential understanding as to what you know about the company and your status with it as an investor and Lead investor I look forward to your reply regards the investor so this is what was the response the the email left at uh in the morning of the 27th and a reply came back in the afternoon about 12 hours later uh Aaron can’t uh to uh investor uh because if not able yeah again I apologize it sounds stunted but I don’t think English is arun’s first language because of not able to get financial details on a murder deal so this is why he’s saying he’s sitting the same that this merger deal with Henry Gear’s company MD box or Reliant because we could not get financial details on a merger deal with MD box our team could not move forward that’s Leoni Hill capitals team couldn’t move forward so it’s saying that this merger deal was critical that’s what it’s saying it is saying now I could take you back to the and I’ll include below uh I hope I’ll include include above my shoulder here what Aaron wrote to the same investor on I think the 4th of August he doesn’t say we’re committed if a merger deal with MD box and Reliance goes ahead he doesn’t say that he said he writes we are committed so six months later in the 27th of March he says because of not able to get financial details now they sound like weasel words to me but because they’re not being able to get financial details on a mode to deal with MD box our team could not move forward now that doesn’t mean we’re not committed

he’s saying because there was no merger then no moving forward now I’ll come back to this email in just a moment I’ll show you a text message from Ariel to me personally and this is on the 6th of October at 4 50 PM down with coven all right okay rest up when you’re better have a look at this short personal video I did for you which I send I’ve cut it off cut it off this is how a Real’s mind works so if you get anything from him saying you’re committed and I talked about weasel words he write back committed does not mean invested

so we are committed he right we’re committed well he’s saying he’s now saying on the 6th of October oh hang on committed doesn’t does not mean we invest it well pardon me are real but what the [ __ ] does committed me

if he was with us should have put condition we he will only invest when we invest well actually yeah that’s what he’s his advice now is that my whale should have only invested if we invested yet my whale only proceeded only proceeded when a real did say we are committed we are committed now I’m gonna get the English dictionary out and we’re going to see what the word committed means but apparently in in Ariel’s mind commit it does not mean we invested [Music]

and then he says look you were trying to shake meat you’re trying to shake me down when real bad actors are different please go and get uh paper master and the others don’t try and shake me down so let’s I’m just going to pause and I’ll bring up the English dictionary and we’ll discuss what committed means

well here’s the definition we get by Googling the word committed committed pledged or bound to a certain course or policy dedicated a committed environmental app

commit past tense committed so I commit is current tense committed is past tense we are committed past tense hello

pledge or bind to a certain course of policy

this is fine so coming back to our email

because I’m not able to get the merger deal we could not move forward then virus came now this is a virus company this is nanoq cures the cure for curing they claim to have a um we showed in season two episode one the video of Steve papermaster saying we’ve got a treatment for covert then but a real writes uh then virus came along and my team is now scattered in different directions and not able to proceed with the deal well uh covert ought to have been the opportunity of Lifetime for a company like Nano cures and instead um it’s now the excuse um a Healthcare Company can’t make money in a pandemic um we don’t we do not know current status of company and last update we had was in January I will keep you uh I’ll keep your details with me and if I get any details we’ll forward them to you oh thanks what a Cooperative person looking forward to meeting you again um I’ve heard a lot about you uh the while this is uh from investment circles regards are real

and we’ll have a look at a couple of other documents this is a document that was circulated again well according to a real they cease to be involved according to a real the last details they had was in January which I presume means January 2020. a real um so then I was giving out information I don’t know the date of this I I don’t have it I don’t have it but Steve says that he’s a world world renowned entrepreneur and includes photos with Henry lagia Henry’s president and chief medical officer at Nano Henry is President and chief medical officer at Nano founder and CEO of Reliant immune Diagnostics so I read this and I thought well wow I’ll have to give the I’ll have to contact the uh chief medical officer at Nano um but there’s no answer on the Nano phone number so I just I just email uh our mate Mr lagia now we’ll have a look at a couple of other documents

I’ll throw this in just for good measure um Steve uh did get sued um Steve and his company app economy got sued for 6.25 6.5 million dollars and a judge Steve’s company tried uh a Texas Texas federal judge rejected an attempt to throw out Securities fraud case against Steve’s company and so Steve’s company economy was sued by mizito based on what turned out to be fraudulent misrepresentations by the company founder papermaster and majeski and I apologize to Majewski if I’ve mispronounced that Brian G majorski these were fraudulent misrepresentations according to judge Lee yakul yakul again I apologize if I mispronounce that mozito claimed it relied on economy’s claims that it that it received a one billion dollar acquisition offer from Online Marketplace oh look at that Aaron kantz uh investor Alibaba Alibaba now this is 2017. this is that the law that the case was thrown out and if you want to know more about this just Google mozito this company here and uh and paper master and you’ll find a link on DC partners.solutions to the Judgment um and it’s not very complementary but we’ll have a look at this name here Steve snarkulis I don’t know if I’ve pronounced that correct Steve of Kane Ops not snorkel this is scandulus scandalous my apologies uh he acts not cool at them it’s not new

Scott newless acts for paper master and you’ll see that this name scandulis comes up one more time just very recently so have a look now at something a real Road and then we’ll go to the Henry gligia document this is something that a real wrote to me on the 28th of September thank you for your email I am not offended and I want to set the record straight now this is a person that on the 28th of September wanted to set the record straight but now is going to YouTube and asking to censor uh ask him to censor uh videos because he doesn’t like the straightening of the record although at one time he didn’t want to set the record straight the fact is U.S investors like Matt W and others were told by us we are not investing and the whole situation is bad they did not have product or proper accounting to show where funds went

you cannot throw us under the bus just because Steve mentioned something without our permission now this is a person Steve mentioned something without our permission yet uh Ariel writes to my whale and says we are committed please were his own words we are committed so that is not talking to Steve or being mentioned without their permission not how I see it again I may have a different view of the English language I showed you what the word committed means um a real as I said he he may have a different interpretation of being English language but he does seem to say that he does suggest that he can read a bit of English because he says he believed what Ernst young Singapore said so precisely a Real’s con comprehension of the English language I can’t really tell you um but he he did write I’m glad to help your client my well with regard to Steve because that is the right thing to do well yeah and that is why we contacted you and not just ignored the mess that Steve had created and then he says he was surprised that he left that I’d let down a few people so okay now this is kind of interesting I’ll I’ll go down uh I’ll skip this paragraph here and I’ll just go down a little bit further we did give a bridge loan and we will come back to this paragraph above in a moment we did give a bridge line but stopped when we could not get accounting data now I have included down below the Excel spreadsheet uh Ledger and I couldn’t find anywhere I could not find anywhere any evidence of a bridge loan we couldn’t find any evidence now I don’t know when this uh bridge line was apparently to occur but um I’m sending this uh today is actually the 26th of December I am actually sending this to a real and giving him the opportunity he said at the start of this email he wants to set the record straight we want to set the record straight okay a real if you want to set the record straight and and you have evidence of this bridge loan and you can show that this Ledger that I’ve gone through at Great length lengths is false then give us what documents you’ve got and we’ll publish them and you can set the record straight um and he says that uh he replies we want open and honest dialogue well come on tell us about Steve Clemens tell us about the interviews uh there was what’s called a fireside chat that Steve Clemens in a video that’s nowhere to be seen it was a fireside chat between Clemens paper master and a real [ __ ] and we’d love to see that we would love to see that a real right we would like uh we we like people like you we like people like me except now 26th of December he wants to silence those and censor those but on the 28th of September he did like people like me who help companies like us to get out frauds and unfortunately we did not know you before well you know me now we’re real and there’s his phone number if you if you wish to make contact uh with a real uh he’s there so let’s go up to this paragraph

we want people like you to bring both sides together and facts and make sure this does not happen again with people like Steve that’s right so people like Steve Well I wonder if a real is someone that’s like Steve in some ways I don’t know I would like to know and I’d like to give Steve sorry I’d like to give Leone Hill Capital the chance to have their say we do make mistakes yes we are human but we do not cheat okay all right so they do say that they’re committed they say that they’re right they write that they we are committed and the company’s in good shape

now he’s he’s the real gist your investor if he was in contact with us if he was now I’ve shown you the email of the 4th of August of 2019. a realist writing if your investor he your investor if he was in contact he should have invested only if cap table showed we invested so the cap table did show that he invested and not only that Mr can’t a real [ __ ] wrote and said we are committed past tense we are committed

not many words there we ah committed three words three words well a real advice here your investor If he if he was in contact with us which he was should only have invested which he did the very next day if cat table showed we invested and it did it did show that and not only that but a real wrote and said we are committed

if we were in touch with him he should have asked us so gang following a real recommendation here that’s exactly what uh my while did he asked us he was in contact and he did ask and he received an acknowledgment in writing that was clearly clearly false we were we are committed a real road we are committed

so that’s what a rail writes and says um was the proper process and that’s exactly what my wild did we were LED investors for round one and as per proper protocol other investors should have invested only with us

we are committed next day money outlaid so I think we’re correct here so now let’s go to Henry’s you know I I mentioned but Henry is shown here as the chief medical officer at Nano founder here’s the Advisory Board cast of thousands the go to market pricing the the model the financial updates operating model pre Series 2 funding

leonie Hill strongly supportive throughout available as backstock direct Affiliates closed circle of investors that was to provide two quarters two quarters two to three years of liquidity fourth quarter fourth quarter of 2019 uh so early 2020 Target Reliance Reliant merger

and close of the series two leonie Hill pardon me 30 million dollar plus funding now again nowhere absolutely nowhere Department absolutely nowhere did a real cart and Leoni Hill Capital say that their involvement was conditional on a merger with

relied and MD box nowhere nowhere at the time of August at the time of um him personally a real card personally procuring my whales of 2 million US dollar investment nowhere nowhere does it within the words we are committed does he say that our commitment is an uncommitment or it’s conditional upon Reliant emerging yet 27th of March a real rewrites history and says because of not being able to get financial details on a merger deal our team could not move forward he just simply wrote We are committed

so let’s now look at correspondence with Henry lagia of Reliant immune Diagnostics and we’ll go right to the bottom and we’ll work we’ll work from the bottom up so I write to them and say you look one of our investors has lost a bunch of money here are two documents that um two documents and then our investor summary and we which I think I have shown you here that’s it 1.29 1.29 this is the document and then there’s the investor summary 1.29 so I think that might mean generally 2020 that is 29th of January 2020. so I set the 29th of January 2020.

that’s my best guess at what this document when it’s dated so I send both of these and I say to Dr Ventura he doesn’t respond Henry Olivia III the managing director of Reliant and again I stress good guy truthful guy he’s given us the response I’m I’m Vlogging about what I believe is a shonky firm run by Steve Pass papermaster his track record is dubious questions does Nano own any of Reliant I didn’t know ever have an agreement to buy Reliant did Nano have an agreement to merge with Reliant attached to some documents which I did send them did rely on ever license its IP to Nano um did it say you could refer to its Reliance IPS being Nano MD in other words for it to be did you license your IP how many active subscribers does Reliant have do you have any comments about the documents are they accurate did the transactions proceed was the transaction never going to proceed so let’s let’s

get a reply I from Henry I’m the founder CEO I’m glad that someone is looking into Steve P paper master and some of his invited I had I and some of it my advisors during our due diligence she had suspicions about his claims to not technology that seemed Beyond current science Money in the Bank now again none of this was a condition of a real saying we are committed he was he was committed whether there was this merger or not and so uh the merger partner Henry and Reliant said they were suspicious about the money in the bank additional additionally several of his disgruntled investors approached us during the diligence process and encouraged us not to proceed with any form of partnership JV or path to merger not even to proceed with a path to merger I’ve not seen the documents you referred to uh please send so I can review but I can say so I actually sent those to Dr Joseph Jose Ventura one of my biggest comments uh one of his colleagues we did meet with a group of investors who came to Austin and Steve presented us that he had secured 100 million dollars in funding and wanted us to present to his investors so that he could convince them that Nano should make a formal offer to Reliant to merge or JV at no time were any agreements finalized so it’s a bit Rich for a reel to say as a real says a real says that we didn’t proceed with the merger there was never any merger to proceed with according to Henry here had no time at no time at no time were any agreements formalized we discontinued talks during our due diligence to be to being far apart on relative valuations and because he which I presume that means papermaster failed to adequately answer our questions regarding his financials or show that he was he was already funded as he purported

at no time was there a merger so this is utter fraud utter fraud to say that there’s a merger under the use of the funds would be uh but Leoni Hill were the co-leads and the integration of MD box merger and that Henry would be the was post the closing that the Henry would be the chief medical officer and president complete fraud

again we are committed doesn’t mean this is contingent on this merger so let’s go back and continue this correspondence so I I report these questions to Henry who’s being very Cooperative at this point this is the 10th of August Dear Henry attaches some some material paper Master used to raise at least 50 million US dollars I understand at 64. so in summary you’re saying there was never any written agreement in place between Reliant and Nano to merge so um

and then I ask a series of questions did Nano have an agreement with HEB that’s a it’s a large um see who HEB is we’ll go back up here and we’ll have a look at Nano’s presentation they claim that they had a strategic partnership with Walmart and HEB and others

so they claim that they had a distribution business with live in 79 locations expanding to 275 in the first quarter of 2020. so my email was was did they have an agreement I don’t know if you did or did not we Reliant did at that time and it’s likely he was using our contacts our contracts to raise against so that sounds like a fraud to me there was never any agreements between Nano and HEB maybe that’s what did Nano have an app with 23 000 survive the subscribers survivors nice did they I don’t know I don’t know if he did or did not he had his own app and we were not impressed with it it was subscription-based our platform was not so that may be true

I think it might not have been true because their sales were 6 000 a month so they might have had 23 000 but perhaps they were unpaid because it wasn’t included in the 6000 of sales to included nowhere on the Excel spreadsheet now if you can find it if you can find it on the Excel spreadsheet for 2019 keeping in mind that this merger was supposed to happen in the first quarter of 2020 then if you can find it please send me a message using our tip of form below on dcpartners.solution podcast send me the message I’d love to know

the gear goes on we have many users but our payment structure is largely payment per visit or encounter we have one or two Partnerships that are subscription based I don’t believe we had any at that time are the pro forma financials similar to those presented by Reliance Sorry by Nano to Reliant uh Henry says I’ve never seen that deck or those projections our performer is very different okay that model seems to be his subscription model

I’m just going to pause and I’ll take you through to that model now

all right now this is further in this document uh about Nano MD and I’ll just take you to the previous page Nano MD so we’re talking about Pages 17 18 and on it talks about the Nano MD and app and here’s the content and Community now again papermaster says in this document they have 23 active 23 000 active subscribers active subscribe doesn’t say paid does not say paid fair enough so but according to this 23 000 active subscribers and they’ve got a community apparently and a suite of uh patents and again here’s Henry legere so this is the slide that we started at and I believe that is a photo of Henry um the board of advisors and Nano uh the financial update and Leoni Hill Capital allegedly is still over here so back to these replies 0.3 no uh leggear’s never seen those Pro former financials

these ProForm financials so these are a series of performer financials and ligi has never seen those okay but legia also hasn’t conducted due diligence point four are other financials actually Reliance financials or similar same as above so I think he’s he’s saying no they won’t be impressed I think that means the financials are not well ours are very different our performance is very different so I think that’s what he means same is about did Leoni Hill 0.5 did Leoni Hill ever meet with Reliance yes as above that is primarily the reason we walked away from the deal Steve told us Leoni Hill previously funded him which seemed to be true however he showed us a term sheet for them to fund a much larger Round leony Hill didn’t seem interested in actually funding that amount and Steve could not produce any evidence of further funding to satisfy our due diligence requests now I’m going to talk a little bit more below about a reel and Leoni Hill capital is there such a product as MD a nanomd I don’t know they haven’t happened but it seemed focused on patient consumer engagement MD box would become the backbone if we did the deal foreign do the advisors page for actually advise Nano yes so let’s have a look at page 24. these advisors does Mark Cuban does Bob get Medcalf do these people actually advise well according to Henry yes uh I met a few I met many yeah I met many and a few also advised me not to do the deal oh poor Stevie did

did you authorize your image to be used no does Nana have any patents he claimed they did around three products in the day I didn’t I did see I think he wanted to acquire our patent portfolio that was something he spoke about frequently but I never had any insight as to why others than we have an impressive differentiated and so it goes on now I think we should I think we should read this last one

this last correspondence and we’ll end with some bits and pieces about Leoni Hill capital uh did he actually raise 50 million this is Henry to me did he actually raise if so I’m shocked because we would have considered actually accepting the merger offer he would have sold I’ve never I was never shown these materials so I definitely did not sign off on him using those materials to raise money now this is these materials I understand them were used after after my whales put money in during the time Leone Hill Capital said that they were still committed and before a rail right back and said oh I didn’t we didn’t proceed because there was no merger he told us previously on the order of several years ago he raised 50 million uh so several years from now ago and that leonie hill was putting in fresh Capital something like 70 to 90 million after a series of meetings we discussed an initial and initial we discussed an initial framework for merging our firms not not actually a merger just to framework and several other things agreeing agreeing on relative valuations doing Financial due diligence to prove the claims he was making on the status of his funding to support our expansion and getting our shareholder approval the framework did involve me as president and chief medical officer so at that time that papermaster published this there was an agreement to a framework framework only yet paper Masters publishing these documents and saying we only heal capital is in their lead investors blah blah blah and we’re going to use the funds for merger it’s pretty clear you’re saying there was never any that there was never any formal agreement never any formal agreement the framework did involve yes we’ve reread that Steve produced a term sheet from leonie Hill possibly the one I’ve got but he never showed us his bank account well you the viewer are reading and able to see the bank Ledges that I got which show how I use the money now Henry writes I I met someone I can’t remember his name so maybe it was a real [ __ ] I don’t know uh who is supposed to lead the principal at lagani Hill so Henry met the principal at Leoni Hill and there’s only three of them so it’s either Bobby Lauer Ming or it’s a real [ __ ] and he met the principal and he said the principal said he’d rather invest directly in our company than put money into Steve’s so that’s very interesting which was a major red flag now it would have been a red flag if a real [ __ ] had written back and said well we’re uncommitted instead a while received an email in writing from a real saying we were committed so I’ll go back to my Wales text message here my my miles email my company invested two million uh you sent us an email on the fourth of August indicating you were committed that’s what it says I really use the words we are committed yet this is a red flag would rather not be uh we’d rather not invest thanks very much in paper Masters company I think we’re getting to the the real point a real if well but Leone Hill capital

can’t be trusted they can’t be trusted at that point we insisted so at that point where leonie Hill says well I think we’d rather invest in Reliant than paper Master at that point Reliant insisted that Steve show us his financials and bank balance which he refused for unclear reasons it was enough for us to pull out of negotiations

so I think we’re getting to the bottom of this about why what just how committed leonie Hill Capital was

I’m just going to take you to one more document one more document about Leoni Hill capital the Only Hell Captain there this is a uh a website you can just go to unicorn Google unicort and go in there and Google leonie Hill capital and my company name now I as at today’s 26th of December 20. 22. as of today I’ve not been served a writ in any Court in the U.S District Court have not I I say so but but I did search this and I did I did like hate this record someone told me someone told me and I the word that I had a great deal of trouble pronouncing a little while ago we’re going to see in a moment which was Steve’s lawyer Steve’s lawyer if you remember let’s go back and we’ll have a look at this Steve’s lawyer was a guy called Steve scanulus of Kane and scanulus PP P LLC representing app climbing now apkimi was attempting to throw out a Securities fraud case against it but judge League

um uh found that based on what turned out to be fraudulent misrepresentations by papermaster and Brian G Majewski um he refused an attempt he rejected an attempt to throw out the fraud case so in other words he said well yeah there was a misleading thing and later on um there’s further judgments and if you want to know more about that and I mentioned that uh the fraud was the the fraud masito claimed it relied on the paper Masters company that it had received so it’s a bit like he had received we are committed I can see some parallels here I also see the word Alibaba it claims it had received a one billion acquisition from an online Marketplace called Alibaba now the encapsulate which you can see on our website partners.solutions slash podcast season two episode two part two you’ll see that um you’ll see that capture Alibaba is named along with 10 cent Baidu and Leoni Hill Capital as lead investors and and investors so I’m seeing little red flags here I’m seeing them well Leone Hill Capital apparently apparently has filed something and this is a case summary that anyone anywhere in the world can go onto unicort just Google Unicode and type in leonie Hill this DC Partners Solutions proprietary Limited at all and I’ll show you the names of all the parties and apparently these are the case particulars uh apparently on the 6th of December 2022 there’s a case status that’s pinned in the U.S and district courts in the western districts the Texas Western District Court and the party names apparently the party names are Leoni Hill Capital private limited that’s a Singapore company and the defendants are my company and me and me and let’s have a look at who the uh the attorney is and the plaintiff’s attorney is none other than State paper Masters uh attorney and economies attorney it’s this Stephen Bradley scanulis of Kane and scandalous I’m sorry that’s a terribly difficult name to pronounce but Kane and Star Noodles is apparently according to this search representing Aaron Kant and his company we only heal capital I have not been served and I can’t tell you but there’s apparently there’s a main document that if I cared to download it I could download it if anyone wants to download it and send it to me I can’t be bothered and this is utter BS and I would rely on the truth but uh it’s just curious that according to this search is acting the same way that has actin for papermaster he’s apparently acting now for the only Hill Capital private Limited

yet if you go back to correspondence that paper master that Arun can’t sends people he says uh thank you I’m not offended we want to set the record straight we wish we like people like you who help companies like us get out frauds and and unfortunately we did not know you before well and we want honest and open dialogue and we’ll do the same and help so it’s It’s Curious that um a real [ __ ] and uh the only Hill Capital are now no longer interested in open and honest dialogue but apparently they want to go suing people in the district court of West Texas and uh well see I haven’t been served I may never be served if I am served well I may well just publish all these allegations but I I do publish and again I’ll put I’ll put up here the uh YouTube as a sort of sensor at the request of someone in Singapore and Leoni Hill capital is a Singaporean company they’ve sought to censor my YouTube videos so you be the judge whether someone in Singapore well what an epic what an epic epic story what an epic story uh We’ve touched on a lot I told you it was going to be dense I told you it was going to be uh Technical and forensic and uh I didn’t lie uh what we can conclude is this is a wrap up to this episode what we can conclude is that uh Arun or a real uh new paper master from uh at least January 2019 onwards uh he may it would be very very interesting uh the mosito manner it talks about uh a fake or a budget Alibaba letter of offer a letter of comfort alleging that um paper Masters papermaster had received a one billion dollar offer from Alibaba and that name comes up again in the situation uh the investor is told that Alibaba 10 sent Baidu and um tpg are investing along with Leoni Hill Capital uh some

um 8 million to Leone Hill Capital four million to each of 10 cent Baidu uh tpg and Alibaba it’s uh we know that um Aaron cadd knew paper master from at least January 2019. uh

Aaron can ought to have known I apologize this type of mistake here Aaron can’t ought to have known that Nano Global was not in good shape it was arguably insolvent uh he was throughout the period well as long as it kept raising money as long as it kept raising money it could keep spending it but uh its survival was dependent on raising money uh he told investors in writing no matter what he now says no matter what he now says he told investors in writing in August of 2019 that leonie Hill Capital was committed we are committed we are committed uh so that um to investing that is in Nano um and circulated and stood by as this cap shape was circulated saying that they would invest eight million dollars 10 cent Baidu tpg and Alibaba would each invest four million bucks the truth is Leoni Hill Capital was uncommitted yet they told investors that to come and join two come and join to come and join and that Nano was in good shape very disruptive Nano was actually overdrawn and was far from disruptive it had [ __ ] all sales to Amazon of about 6 000 a month about six thousand a month whether it had 23 000 active uh subscribers is remains to be seen who knows who knows but there’s no evidence on the bank Ledges that we’ve been provided that any of these were paying any of these 23 000 were paying anything material at the time on a monthly basis so it’s certainly not recorded on the uh Bank Ledges that we’ve been provided and that we update on and that we upload and that you can find links to on our website dcpartners.solutions slash podcast uh leonie Hill Capital uh said that they were committed they later they later took the position that uh their involvement was subject was conditional was conditional upon Nano buying this business called owned by Henry Ligia called MD box enter like here an MD box did not want to be involved in the transaction with Nano global someone someone apparently the principal from leonie Hill Capital actually wished to buy MD box and not invest at all according to Mr lagia not invest at all inanna yet six months earlier four months five months however many months we don’t know the exact timeline but we do know that it was at an earlier date Aaron Kent himself wrote that we are committed we are committed to investing circulated this cap sheet and procured induced investors to put in millions of dollars also sent around circulated himself writing emails kind of unusual on a Sunday night sending emails to investors on a Sunday night at a time when this company was Cactus Nano when Nano was Cactus and Arun had agreed to be a director of Nano and was doing all the things that you would expect a director to do taking positions issuing capital and according to Steve papermaster which Arun confirmed himself he pushed the board to make decisions to cease fundraising under these notes these convertible notes and papermaster indicated in writing that the board was likely to accept the instructions and wishes of paper of Aaron cam an unelected board member but one that nevertheless had agreed to become a board director so someone that was unofficially a board director Aaron can’t May well be personally liable May well be personally liable for the debts that the company accumulated During the period

most probably most probably from about the second of Eight Second of August 2019 perhaps until as late as March of 2020 perhaps maybe a little earlier but perhaps as late we’ve got conflicting documents there are many other documents that I have not listed I’ve taken you through some very forensically we’ve had a look at the bank statements there was a cast of thousands writing the bank accounts of Nano plundering this money that was being given to it at the request of aruncant and paper Master millions and millions of dollars of serious investors money and these cast of thousands were plundering plundering plundering huge dollars half a million dollars a month just in wages alone

Aaron now writes and asked to correct the record he now writes and says he never told he told investors he told some investors not to invest and he says that

well I’ll just leave it to that he says that he he writes he writes in September of this year 2020 he writes that he told investors not to invest

he sets out a procedure that my investor my wow ought to have followed my investor actually did follow that that same procedure

I believe Aaron and leonie Hill Capital are personally liable for the statements that they made and induced and the Damage that they caused to individual investors and may be liable to a class action claim for their conduct as director as a director and unelected but nevertheless someone that agreed to act as a director someone that was giving instructions to the board and someone who the board listened to and and um adopted governance decisions in accordance with those wishes Aaron Once Upon a Time wanted to correct the record Aaron didn’t like my blog but believed that he wished to make comments on the record Aaron seems to have either a faulting memory or is telling certain untruths Aaron’s judgment is questionable Aaron’s previously sought to comment on the record now apparently there is a a writ coming from a court in Texas to my company and to myself I have heard in writing allegations that I have extorted or attempted to extort money from Leoni Hill capital and Aaron Kent I’ve also received correspondence from YouTube uh saying that

complaints have been made that defamatory statements have were included in season two episode two season two episode two cannot be viewed in Singapore without using a VPN and picking it up from any other country if you’re an investor in Singapore and you wish to know the content of this Blog then we will publish under season two episode two part one and part two we will publish the transcript if you wish to watch the Youtube video season two episode two part one you may need but we’re currently we’re currently blocked we’re Geo blocked by YouTube if you wish to watch watch that episode you may have to use a VPN and watch from another country part three of episode two is being considered so watch this space my name is Mark Smith I hope you’ve enjoyed the episode I’m sorry it was so dense so forensic so technical it was interesting to make it was very very lengthy to make these podcasts take a very very long time but these are things that some people don’t wish you don’t know enjoy if you’ve got any tip-offs write to us at dcpartners.solutions slash podcast and use the tip before you can send documents you can send multiple documents he can write you can email you can instant chat with us you can ring us on uh on how Australian number one three hundred three two seven one two three or plus six one one three hundred three two seven one two three my name’s Mark Smith if you’ve got any questions drop us a note on dcpartners.solution/podcast or instant chat with us anytime day or night thank you very much see you next time

foreign

[Music] [Applause]

[Music] [Applause] [Music] welcome back

[Applause] [Music] the wheels foreign [Music]

Steve Clemons, The Hill.

If you’ve got any questions then give us a call 1300 32713 or go to our bottom right hand corner of www.dcpartners.solutions/podcast – instant message us or instant chat with us on www.dcpartners.solutions thank you.

Chapters – coming soon – 21/11/2022

If you’ve got any questions then give us a call 1300 32713 or go to our bottom right hand corner instant message us or instant chat with us on www.dcpartners.solutions

#whoisstevepapermaster

If you’ve got any questions then give us a call 1300 32713 or go to our bottom right hand corner instant message us or instant chat with us on www.dcpartners.solutions

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