UPDATE: Vana Blue Website Still Offline; No Pinksheet Stock Activity For Seven Trading Days Amid Maze Of Claims
Not a single share of Vana Blue’s penny stock has traded hands since July 30, a period of seven full trading days, according to Yahoo Finance. In news releases, Vana Blue identified itself as the owner of eWalletPlus, a payment processor later linked to the AdViewGlobal (AVG) autosurf.
Vana Blue, which used mailing services in Phoenix and Las Vegas as its address, is a registered corporation in Nevada. Its website now resolves to a server that beams ads from GoDaddy.com, but until recently resolved to a server from which the company told its story.
The company has claimed to own a company that variously has been described as TMS Corp. and TMS Association, which purportedly developed eWalletPlus. In January, Vana Blue also claimed to own a company that variously has been described as Karveck Corp. or Karveck International, a purported advertising and media company.
In February, Vana Blue reported that Karveck had posted $1.8 million in revenue in January — the month AVG was in prelaunch.
Among other things, Vana Blue also had said it signed an agreement with a company known as Native Express Inc. “to develop oil and gas resources” in Utah. Vana Blue also has said it had an agreement with a firm in Jamaica known as Internet Mobile & Caribbean Network Ltd. to “facilitate the sales of the Compass Pre Paid debit card throughout Jamaica and the Caribbean.”
Meanwhile, Vana Blue also has said it had an agreement with a company known as Net Auction Plus, an eBay alternative, “to provide online, affordable, and flexible payment services.” The NetAuctionPlus.com domain name is registered to Michael Austin and uses the same Phoenix mail-service address as Vana Blue.
The NetAuctionPlus.com domain throws a server error. Austin’s name was mentioned in an announcement last week by AVG that it had reported a theft of $2.7 million to unspecified law enforcement agencies. AVG, which purports to be headquartered in Uruguay, did not explain when the alleged theft occurred and did not provide details.
Austin’s name also has been associated with eWalletPlus, but is only one of several names associated with the payment processor and money-services business. AVG promoters have claimed that eWalletPlus was AVG’s in-house payment processor. At one time, the eWalletPlus domain resolved to the same server in Panama that hosted AVG, but the domain now resolves to a parked page and appears to be offered for sale on sedo.com.
In a purported public filing dated March 31, Vana Blue identified its officers as Donald Rex Gay, Leonard Capelli and Michael Reis, saying it owned TMS Corp and Karveck International.
Only days later, a man associated with both the AdSurfDaily and AVG autosurfs — Gary Talbert — registered an entity known as TMS Corp. USA LLC, according to records. Talbert’s U.S. registrations occurred within days of a March 20 announcement by AVG that he had resigned as its chief executive officer and a March 23 announcement that AVG’s bank account had been suspended because too many members had wired transactions in excess of $9,500.
TMS Corp. USA LLC is registered in Nevada, and lists Gary D. Talbert of 2601 E Thomas Rd, Ste 220-A Phoenix, AZ 85016, as its manager. A company by the same name also is listed as a foreign LLC in Arizona, with Gary D. Talbert of 13. S. Calhoun Street, P.O. Box 109, Quincy, FL 32351, as its manager.
The S. Calhoun Street building address is the same address AdSurfDaily Inc. used.
In a forfeiture complaint against ASD last year that alleged wire fraud, money-laundering, the sale of unregistered securities and a Ponzi scheme, federal prosecutors said the building address was bogus.
One of the officers of Vana Blue is named a defendant in a counterclaim by the U.S. government that alleges more than $252,000 in federal income tax is unpaid. The same individual â€” Donald Rex Gay â€” is listed in Louisiana records as a person who has been involved in a number of businesses.
Gay denied in pro se court filings that he owed the taxes.
Records in Illinois note that Michael Reis, also listed by Vana Blue as an officer, was ordered in 2000 to cease and desist from the practice of public accounting without a license.