Since August 22, 2000 Goldowsky has operated three corporations from three different states. He has raised the bulk of $1.4M under Gold Medical Technologies, Inc., but then he bankrupted this company in 2006 to avoid paying a judgment. Then he supposedly assigned the patent rights to the new corporation and selectively issued new shares of stock to some investors but not to others, in violation of amendment #4 of the shareholders agreement. Then he dissolved the second corporation and opened a third but never notified the shareholders of the dissolution of the second company or the organization of the third. Furthermore, shareholders were not notified of the transfer of the Patent Rights to the third corporation, nor were they issued new shares in the same. So who owns what where?

Speaking of the all important Patent Rights, Goldowsky also conveniently forgot to tell the shareholders that the precious patents, on which he has been banking his SCAM, expired in 2008 and 2011 for non payment of the maintenance fees. During this 9 year lapse in IP protection, technically the company is valueless and the shareholders have invested in patents that were misrepresented as being worth millions when in fact were expired. It is important to note that Goldowsky practically extorted the shareholders repeatedly for additional money needed to keep the patents in force, but apparently never actually used the money to pay the patent fees, so what did he do with the money? I know this for a fact, because he asked me to help him raise money to pay for the patent fees, and I brought him 3 investors, who collectively gave him $30,000, and he never paid the patent fees.

So if the Magnevad has no active patents, what have we actually invested in?