Ding Dong, The Witch is Dead: The “Invincible” Marlene Krauss Goes Down in Flames

Yes Virginia, there is a Santa Claus. God has interceded in the affairs of mankind, and the prayers of all sentient beings have been answered. Chelsea Hotel minority shareholder Marlene Krauss, MD, MBA, has been forced to liquidate her company, KBL Healthcare, Acquisition Corp III due to her inability to complete an acquisition. In other words, even with all of the millions her investors threw at her, Marlene couldn’t find a satisfactory company to buy. Word of her troubles began to leak out earlier this week with a press release indicating that Krauss was being forced to buy out 30% of KBL’s shareholders to prevent them from voting against her proposed merger with a company called PRWT. Krauss began to look even more desperate when a second press release went out announcing the cancellation of the upcoming KBL stockholders meeting. Obviously Marlene was scrambling to find the funds necessary to buy out the shareholders--and just as obviously she failed to do so! Expect lots of lawsuits to follow as stockholders ask: Where’s my money, Marlene?

What this shows is that KBL’s shareholders finally caught on to wannabe Master of the Universe Marlene’s shady tactics. Her business model is to take over companies in order to loot their assets--which is exactly what she’s trying to do with the Chelsea. Perhaps now the rest of the Chelsea Hotel shareholders will get wise like the KBL shareholders did and send her packing.

Many of of you have noticed that we haven’t been blogging lately, (www.twitter.com/hotelchelsea) but we couldn’t resist coming out of retirement briefly to report this news. Burn Witch Burn in everlasting torment. Bring Back the Bards. And add another chapter to the book.