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My name’s Ray Kuate. I’m a 52 year old black man from Cameroon, West Africa. I’ve always had a keen mind for mathematics and despite being hit with polio and losing the use of my legs I’ve had a pretty good run at life over the past few years. Mathematics is my passion. I look at numbers and data, it all just comes together in my head and assembles itself with a clarity of insight I’m told other people get when they’re reading the newspaper. I’m also a polyglot. I speak fluent English, French, Spanish and my native Bandjoun and Bulu tongues.




I’m also formally educated. I have  a PhD from Ecole Nationale Supérieure du Pétrole et des Moteurs, Université Panthéon Assas, Paris in Econometrics and in my later years picked up not one but 2 MBA’s in Finance and IT Management from Columbia and Berkeley while raising a boy and a girl. Suffice to say my mother did not raise a fool. I’ve been good at business since I was a young boy and used to help my father with customer service in our family’s hardware business. I’ve been investing in the stock market since I was 22 when I bought my first shares of GE. Not bad for an African immigrant eh?

Fine food is one of my great pleasures in life. Gourmet cooking and elegant food preparation. The incredible precision of Escoffier and all things classically French. Back in 2009, My company acquired the rights to an old video library of Michelin chefs preparing some of the best French cuisine. With a few sub-titles and some written copy, I built a business with some friends and associates around a website called Gourmandia.com. Perhaps you heard of us? We were one of the top websites in the world for video based Food Recipes long before the advent of Tasty. We ranked right up there with Saveur and America’s Test Kitchen. 6 million people a month used to come visit us for video cooking lessons. We used to sell advertising space on the high traffic. Remember that math thing? I figured out how to manage the supply and demand of advertising and match it to the highest bidder in real time and made a software algorithm that doubled and then tripled our profitability compared to selling off ad space to a third party auction. We made a bundle. Started out with $200 in the bank in 2009 and cleared a million in sales in our first years. Sales grew from there. By 2012 we were doing 9 million in sales.

I was smart. I diversified. Bought some residential properties to preserve my wealth. Bought some commercial properties and land as well. I owned about a dozen nice bits of property that represented a personal fortune of around $12 million. I leveraged them with mortgages because I had a strong viable business and the banks were happy to lend me money. The food recipe business requires you to spend money to buy traffic and we made good use of a large line of credit to prime the pump in time for the holidays when we made 60-70% of our revenues.

So spin the clock back to October of 2013. We’ve got a million-dollar line of credit with TD Bank and we’re obligated to tell them how we’re doing with an informal report to the bank. They asked questions on our Accounts Receivable report presentation.

TD Bank’s Assistant Manager seemed to be in disagreement with the reporting presentation of the receivables as presented by Vertamin’s CFO. Because the discussion was stalling, and because of my experience and background, I stepped in and explained that there are two equivalent and right ways to report receivables: Reporting by actual days and reporting by the number of days current or late. Vertamin’s CFO was reporting by the second method, just liked taking a picture of a cake from a different angle.

We also pointed out to TD Bank officials that we had been submitting this report for more than a year to TD and that the same information was being sent to EDC (Export Development Bank of Canada). I further noted that, during that year-plus long period, TD Bank had rightfully never objected to the presentation of the same reporting.

TD Bank’s Manager interrupted me and said, in a harsh and derogatory manner, “I wonder why Columbia University would give an MBA to people like you”. That sentence was directed at me personally because coincidentally, not only was I the only one with a Columbia University MBA in the meeting, but Vertamin’s CFO, who also happened to be a black man had acknowledged that he did the reporting and not me.

People like me. A self-made, black business man. Who at that very moment just about lost his shit. Who was she to talk to me like this? To suggest that I was something lesser than any other of my colleagues who busted their ass through pages and pages of reading, case work and assignments.

I called her on it and demanded an apology. Things happen. It got a little tense. We broke for the day and I still didn’t get my apology. We were not on good terms. Kind of hard to be after that. I asked for a supervisor or a VP to speak to her about this. Got assured that the matter would “be investigated”

Then it happened. Three weeks later the bank called my loan. My business line of credit was due. Not in 24 hours. Not in 30 days. Not in a reasonable period of time to pay. My up to date line of credit was due to the bank. That day. My credit was revoked.

I would later find out that my credit had been revoked by the very same bank manager who said those things to me. There’s a case before the courts and it’s in the court deposition documents. The statement of “people like you” seen by two witnesses and a deposed statement that this bank manager was the one who called my loan.

Calling the loan ruined me. We went into insolvency and couldn’t pay our debts. We still had options and tried to work things out with a bankruptcy trustee. All through the process we watched TD Bank say no and create problems. Whittling away at a viable business that could have been set back on its feet with our restructuring efforts. They all failed and now TD wants to collect.

I stand on the verge of losing everything because of three little words. Maybe it’s time for people like us to get organized and do more about it.

VERTAMIN 地產公司首席執行總裁從網上讀到唐煒臻寫給TD銀行總裁的 公開信,發現了唐煒臻,自己興奮不已,找到唐煒臻的電話,馬上聯系,第二天從渥太華開車到多倫多見面,他對唐煒臻的這個人和事有深入仔細的研究和理解。他說唐煒臻就是他要找的人。兩個星期從渥太華來多倫多兩次,足足交流了一個禮拜,達成協議。


兩人一見如故,一拍即合,非常投機投緣,一開始這位首席執行總裁就要任命唐煒臻為公司的運營總裁,Chief Operation Officer.


唐煒臻是 海外華人熟悉的金融企業家,有股神,“華人巴菲特“之稱,全心全意為人民服務,為投資謀利益,是一級海外華人戰斗英雄。他跟市場斗,跟政府斗,跟銀行斗, 跟律師行斗,極樂無窮,唐煒臻力量無比,是做大事成大業的好材料,公司首席執行總裁對唐煒臻各個方面十分欣賞,高度贊揚。