Tuesday, October 31, 2017

Exposing Michael A. Davis' concealed takeover of Cyanotech during 2010-2011

It seems abundantly clear that during 2010-2011 Cyanotech's chairman Michael A. Davis:

  • Formed an undisclosed investment group with Rudolf Steiner Foundation (RSF),  to pursue his undisclosed Cyanotech control agenda
  • Forced out Cyanotech's prior chairman Gregg Robertson
  • Rapidly and secretly accumulated a 33% voting stake in public Cyan common stock without filing legally mandated SEC disclosure
  • Began secretly "Parking" a strategic block of public Cyan voting stock at Rudolf Steiner Foundation
  • Paid for, or donated, every single share of Cyanotech common stock held by RSF for Davis' benefit
  • Set up Rudolf Steiner Foundation (RSF) to pose as Cyanotech's "arms length" second largest shareholder of record
  • Entrenched himself as "Chairman for Life"
  • Paid RSF for their dutiful assistance, and "omerta"
  • Used his nonprofit private Skywords foundation and tax-exempt money to reduce the cost of his scheme, at taxpayer expense.

Click on the image below of Michael A. Davis,  and his RSF partners Siegfried Finser, and Mark Finser to read more about the Davis/RSF investment group's Cyanotech control scheme:


Wednesday, October 25, 2017

Reminder: Michael A. Davis is accused of "Parking" publicly traded Cyanotech Stock at RSF since 2010-2011

This blog post is intended to remind investors, employees, and market regulators of a primary grievance against Michael Arlen Davis ,  and a primary reason why the "Seeking Justice for Cyanotech Shareholders" blog exists.

Michael Arlen Davis (Davis), the chairman and largest shareholder of publicly traded Cyanotech Corporation (Nasdaq: Cyan), appears to have systematically violated Federal securities laws by "parking" shares of Cyan common stock with second largest shareholder Rudolph Steiner Foundation (RSF) since 2010-2011. 

Every single share of Cyanotech stock reported as held by RSF was paid for and placed into RSF's hands by Michael Arlen Davis. 

The most famous example of enforcement of Federal securities laws against -"Parking"- came in the case of Ivan Boesky.

Ivan Boesky went to Jail when he was caught "Parking" securities.

"People familiar with the case said yesterday that the investigation was tied to a case last year in which Michael Davidoff, former head trader at Seemala, pleaded guilty to securities fraud. In his plea, Mr. Davidoff said he had reached a ''secret agreement'' with officials at Seligmann Harris to ''park'' stocks. Stock parking involves secretly transferring securities to another entity to evade restrictions on holdings."   New York Times, 1998

Click on the image below to read more:


Friday, October 20, 2017

How can Michael A. Davis cycle 93% of his "charitable" grant money back to himself?

The table below provides an updated spreadsheet analysis of Michael Arlen Davis' charitable grant making during 2002-2015.  

(click on the table to review a larger, more readable version)

  • 93% of Davis/Skywords' "charity" reported during 2002-2015 went to entities MAD either controls, or heavily influences due to his payments of substantial grant money.
  • Davis appears to be accumulating a stunning amount of assets, at taxpayer expense. 
  • How is Michael Arlen Davis allowed to cycle 93% of his "charitable" grant monies to entities he controls and/or influences without triggering IRS Self Dealing penalties? 
  • It should be obvious by now to shareholders, and market regulators, that Davis and RSF were active investment group partners during 2002-2015.

Sunday, October 15, 2017

Shady Michael Davis and his Enablers need to Go

Digging ever deeper into the corrupt web that is M.A.D.'s business operations, identifying one shady character after another,  I was reminded of a few lines from John Grisham's book "The Firm."  

Click on the image below to read more:


Thursday, October 12, 2017

What is Michael Arlen Davis trying to hide?

The Michael Arlen Davis biography provided below was featured on the Canobie Films Foundation website, until it was replaced sometime last year. Canobie Films is Mrs Davis' documentary film company. Davis funds Canobie with a continuous stream of charitable grants from his Skywords Foundation.

(click on images to read larger versions)

Here is the replacement biography,  presumably written ("sanitized") by one of MAD's expensive legal mercenaries:

What compelled Michael Arlen Davis to change his biography? The primary changes appear to be the removal of:
  • "He hails from NYC"
  • "He is married to acclaimed documentary director Jyll Johnestone"
  • "He doesn't speak about himself very often, so we will follow suit and end his bio here."
Was Mr Davis trying to obscure that he essentially bought his former struggling actress wife a film company,  and set her up as an "acclaimed documentary director," at taxpayer expense?

During 2002-2015, Davis funneled 32% of total Skywords Foundation charitable grant money into Canobie Films Foundation his wife Janet Jyll Johnstone's film company,  

The benefits to Mr and Mrs Davis are readily apparent. However, where is there tangible evidence of an actual  public benefit being provided?  For example, how is the public interest served by Mr and Mrs Davis traveling to the fourteen film festivals featured on the home page of Canobie Films' website? How large was their entourage?

It also seems quite possible that Mrs Davis knows little about Mr Davis' shady business activities, despite Mrs Davis being the only other Skywords Family Foundation board member besides Mr Davis.