So, they took all the investors' money, ran it into the ground, sold the (supposedly) growing business for a ridiculously, uncontested amount (now being enjoyed by the ex-COO of TKF!) and since then have still been paying themselves with no business and no revenues.
They have been borrowing, assuming debt, in order to keep paying themselves and this is ok?
Now they want to raise another $350k in order to pay off the debt they have assumed to pay themselves and then pay themselves some more on the vague pretext of looking for the next investment?!! On top of this, they are havig to issues billions of shares in order to cover past due obligations of interst on he notes they issued before. Have I got this right?
Is this really legal?
Crazy!!!
How can I start a company like this (apart from having my moral compass and shame glands surgically removed first!)?
So, they took all the investors' money, ran it into the ground,...
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