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Letter on the site from Vincent Browne to the investors here https://alternusenergy.com/wp-content/uploads/2021/02/Alternus-Energy-CEO-Letter-to-Shareholders.pdf
What a pile of complete BS, but what do you expect from someone who undertakes fraud, tells lies and takes people’s investments, salaries and money.
I wonder how much that cost Alternus to have that prepared.
It is the same content as a Financial Filing & the web-site, i.e. written by them and not based on independent evaluation of the facts or the market. So it is what the company want you to believe, but dressed up as an independent site writing good things about the company & the opportunity.
Knowing Vincent it is all made up & not a word of truth.
Excellent suggestion - an SEC investigation and Audit of Vincent Browne’s current and past companies, and stock transfers granted in exchange for cash & services.
Should highlight the fraudulent activities during Pump & Dump promotions.
That would clear things up.
So no fraud scandals once a company has been audited and accounts signed off???
I think you will find a number of investigations, restatements even jailing of Company officers were all signed off over multiple years by Auditors!
It is the history and attitude that matters. Vincent Browne has a history of lying to shareholders, investors and creditors. It has been confirmed that Vincent has run repeated Pump & Dump promotions to inflate stock price to make gains out of the lies.
He is not to be trusted and if there is a real opportunity with this company & marketplace he should be removed as not fit or trustworthy to hold Company Officer position in any capacity in any company.
Better than a CEO that defrauds the market, lies constantly and doesn’t give shit for investors, shareholders or creditors in anyway.
Such a shame that people have got use to built businesses using someone’s else money and are allowed to serially repeat the scams and are not jailed for their theft & lies.
All good until the cost of the debt increases before it is repaid or more & more is taken or the revenues don’t materialize. Then is then no cut back approach, no right sizing as what is built is a do or die.
However Vincent seems incapable of the ‘do’ by always taking more debt on, and ends up with the ‘die’.
The company would do better with a change of CEO.
It depends on the cost of the debt.
If the amount of debt what level is required to service it on a monthly basis, then despite the best opportunity, it’s cooked.
It also depends if there is further debt being taken to service the existing debt - that all ends with a bang. Just like Vincent has left numerous companies before this one.
Or just a set of lies and made-up words, as part of the latest scam.
He has done this before, many times, growth blah, blah, returns blah blah blah.
Don’t trust a word, the man is a compulsive liar.
Everyone who has money taken as a result of dealings with Vincent Browne, it is personal.
He lies to everyone, he either takes your money or leaves you owed money. No one has seen any return or any of their money back.
So, unless you are investing someone else’s money you don’t care about
or getting paid to promote this stock, I would expect you to care about the type of person running the company you were investing in. But given you are not, it is obviously one of those options.
Trying talking to investors in Flint Telecom (Vincent’s company in 2006-2011 or so) who invested and lost millions. There was also the Florida based company acquired which was subject to a SEC Fraud investigation or the employees of Flint who were left with unpaid salaries, nevermind a large number of suppliers left with huge debts.
Then there is Prime Carrier, Vincent company from the 90’s which was put into Administration with huge debts, with the assets transferred to Axiologix, Vincent’s next company in 2012. This only ran to 2014 which was then closed through court action, to wind the company up, with millions of debts, unpaid employee salaries, unpaid suppliers and investors left with nothing.
Vincent was then in court in 2015 and found guilt of fraud and theft.
There was investigation into his Directorships and he had to lay low for a number of years.
This is his new activity and latest vehicle to rip off investors.
So in the last 15-20 years, Vincent has done nothing more than run companies who have ramped 10’s of millions of debt and no return to any investor in any company.
I don’t believe that is a track record to be trusted or worthy of anyone’s money.
Personal baggage, if you mean personal experience of Vincent Browne’s previous companies, and how they were operated, how the ‘Pump & Dump’ stock promotions were undertaken and how ‘investors’ were scammed and their money taken from them and left with nothing.
Those companies were left as debt ridden shells with no customers, no products, no assets so no return for anyone holding shares.
So say, think what you want, this is just a precautionary warning that Vincent Browne is a scamming thief and anything to do with a company he runs cannot be trusted and that includes Press Releases, Financial Reports, SEC Filings.
Well if you are happy putting your funds into a stock run by a known fraudster and thief, such as Vincent Browne, so be it.
I can only warn you, that Vincent Browne is an untrustworthy liar, scam artist and thief, and not to be trusted with anyone’s investment or money.
Very likely to be a Pump ahead of a Dump!
The CEO Vincent Browne is very well known for undertaking this type of activity.
Promoters of the stock are employed to rally the price, with all kind of positive, upbeat messages following a PR or filing. A Dump then follows to make the scam artists money from stock sales.
Ahead of this, Stock has been sold at a discount rate to 3rd parties, who profit and a cut given back to Vincent Browne. Just a big scam.
Vincent Browne has been undertaking this type of scam & scheme for 10 years or so.
When the company’s stock is exhausted and doesn’t respond to the promotion, he ditches and moved on to a different company and the cycle of theft continues.
Don’t trust your money here.
Just one big scam and fraudsters.
Ok, so will just a vehicle for another company to obtain public listing.
And unlikely to have anything to do with what Flint Telecom was doing before.
At least that one less opportunity for Vincent Browne to rip off investors with his Pump & Dump tactics.
Sorry, there is no CEO of this company, as all that is left is a debt-ridden shell.
Vincent Browne has robbed all value, assets and just left a pile of debts, as is his way.
Ok, so not long before another round of ‘Pump & Dump’ promotions from that scammer & thief, Vincent Browne.
But of course, it’s a Vincent Browne company. As a scam artist he will just milk this stock, asset strip the company and leave it as a debt ridden shell as he has many times before.
Given that Vincent Browne is still involved with this company, expect some sort of scam, Pump & Dump or any other activity to steal money from investors.
Ok, the current CEO of this company, is untrustworthy and needs to be removed to allow this company to survive.
Not personal at all, just fact.
So cleansing the record, rewriting history of the fraudulent behavior of the CEO of this company.
Investors beware you are being taken on a ride, and will lose your money when Vincent Browne is involved in a company.
Beware the CEO of this company has been proven to lie to the market, make false promises to get stock movement.
The CEO has been prosecuted in Court for fraud & theft.
Just go back through the filings for the last 10 years for Flint Telecom and then Axiologix.
Vincent Browne was CEO for both these companies. They both started off with assets, customers, IP, revenues and were run into a Debt ridden position with no return for any stock holder or investor. Each filing & Press Release promised turnaround, huge market opportunity but it was just Pump & Dump of the stock price. The investors were lied to, their investment stolen. They failed due to mis-management by Vincent Browne, bad M&A with poor DD undertaken, fraudulent accounting, illegal stock deals with investors, a web of companies - but throughout Vincent Browne would be taking cash out of the businesses, funding his lifestyle, then once the asset stripping was all done & nothing more to take, leave all the debts and move on to the next project to ruin another company.
If you read through the Boards you will find he was actually prosecuted for Theft & Fraud in an Irish court, back in 2014/2015 regarding Pension payments - it was formally documented and the company of which he & his wife were Directors were fined by the court.
What is being undertaken here is just the same methods, processes as before - deals being struck, spin in the Press Releases, positioning in the filings, promises to the market made, investors told this is a great opportunity this company is undervalued - but all lies, fraudulent accounting, monies being taken and any investment will be lost & debt owed unpaid AGAIN.
Yes, the same scamming thief
So not only has Vincent Browne borrowed heavily to make these acquisitions, but has bought a secured investor in, with a hold over the companies, so the stock holding investor is getting washed out.
He has also put his mate, John McQuillean onto the Board.
Jobs for the boys I say.
These filings with all the structural, name changes, stock issues, shares being used as payment to contractors for services look sooo much like Axiologix and Flint Telecom before that.
For those who don’t know Axiologix and Flint Telecom were companies with Vincent ‘the scam artist’ Browne as CEO. These companies became so debt leaden and over leveraged then had to stop trading & operating. In the end they were only good for Pump & Dump share scams, in the penny stock band (or micro-penny, as down in the 0.0001 levels) with all investors had lost out.
But that’s what Vincent Browne does, lies & steals from you, for his own gain. Not to be trusted at any level.
He will soon realized this vehicle is exhausted of his profit extraction methods, Pump & Dump a few times more, and then move on, leaving debts, and creditors unpaid.
Unfortunately it will another company he will target. He’s probably selecting his next target and victims to scam and rob from now.
What, no further activity on this Stock, from this company and from the muppet Vincent Browne.
Remember he is a thief, liar, scammer, Pump & Dump operator, with many investors, employees, Tax authorities owe large amounts of money.
He continues to have the cheek to present on on-line interviews, as a CEO and ‘business leader’.
Vincent Browne, CEO, what a joke.
Pump & Dump alert
Vincent Browne is nothing more than a scamming liar and thief.
All of his past company's have taken investors money and left the company with no assets and huge debts.
These companies are always late with filings, operate complicated structures to hide the costs and manipulate the reported financial to continue the scam for as long as possible. He uses 'promotions' to Pump the stock when undertaking funding rounds with toxic debt.
One of his past companies, Axiologix, was prosecuted for Fraud in a case bought by the Irish Pension Authority in the Irish courts. Vincent is not permitted to hold Directorships of Irish companies, as he is restricted due to multiple liquidations, receiverships & past investigation by the Office of Corporate Enforcement.
Vincent had left many creditors owed significant amounts with no hope of collecting against the debts Vincent was responsible for. The creditors include small investors, former employees & staff members, the IRS, Irish Revenue Office, Banks & suppliers.
I would warn anyone with an interest in this company to reconsider, you will only lose money.
I see that Vincent Browne is stil involved in this company.
Vincent Browne is nothing more than a scamming liar and thief.
All of his past company's have taken investors money and left the company with no assets and huge debts.
These companies are always late with filings, operate complicated structures to hide the costs and manipulate the reported financial to continue the scam for as long as possible. He uses 'promotions' to Pump the stock when undertaking funding rounds with toxic debt.
One of his past companies, Axiologix, was prosecuted for Fraud in a case bought by the Irish Pension Authority in the Irish courts. Vincent is not permitted to hold Directorships of Irish companies, as he is restricted due to multiple liquidations, receiverships & past investigation by the Office of Corporate Enforcement.
Vincent had left many creditors owed significant amounts with no hope of collecting against the debts Vincent was responsible for. The creditors include small investors, former employees & staff members, the IRS, Revenue Office, Banks & suppliers.
I warn anyone with an interest in this company to reconsider, you will only lose money.
See that Vincent Browne is formally involved in this company as CEO.
Vincent Browne is nothing more than a scamming liar and thief.
All of his past company's have taken investors money and left the company with no assets and huge debts.
These companies are always late with filings, operate complicated structures to hide the costs and manipulate the reported financial to continue the scam for as long as possible. He uses 'promotions' to Pump the stock when undertaking funding rounds with toxic debt.
One of his past companies, Axiologix, was prosecuted for Fraud in a case bought by the Irish Pension Authority in the Irish courts. Vincent is not permitted to hold Directorships of Irish companies, as he is restricted due to multiple liquidations, receiverships, with past investigation by the Office of Corporate Enforcement.
Vincent had left many creditors owed significant amounts with no hope of collecting against the debts Vincent was responsible for. The creditors include small investors, former employees & staff members, the IRS, Revenue Office, Banks & suppliers.
I warn anyone with an interest in this company to reconsider, you will only lose money.
So this is where Vincent 'the thief, liar, scam artist, pump & dump' Browne is trying to reinvent himself (again)!
Takes an interest, but it is just to use the stock to bleed a company dry, run up massive debts, make promises never deliver on, while feathering his own nest with the profits of numerous Pump & Dump programs, i.e. Investors money - be warned this guy is just a lying thief.
Past dealings with TCA and their 'advisors', and the terms they apply to the debt and it's repayment.
Love it - IKTH sues its investor, the source of the funds it needs to survive and complete it's 'proposed M&A strategy'
I imagine this is one way to avoid paying the interest & fees that this crowd of vultures apply to their toxic debt!
But I wouldn't of thought the future is terribly bright for this company.
Is that $3.10 for the whole company?
Well there is always AXLX there is still $2m of TCA money in that POS, perhaps they could wash that debt through ITKH as well, because this is such a fantastic business strategy for creating true business value.
No wonder it is a POS!
Now in the hands of fraudulent lying scammer, shame probably had potential in the beginning, but killed by incompetent company officers!
Hold on, the debt reduced is just $200k, a fraction of the $15M they have just taken on from TCA.
And converting notes to stock, isn't that just stock dilution?
The only way of reducing debt, is by generating real revenue from real customers for real products and paying it back to the debt holders.
I see none of this!
Tali Durant is listed as Counsel, she is tied to Vincent, who is an adviser and consultant on how to file the OTC docs (what a great job he has done there) & Maximise the Capital value, through stock promotion programs & associated stock selling, also known as Pump & Dump or how to rip off the investor!
TCA monthly payments have to be met!
Another joke company Vincent Browne is involved in.
No, this is Vincent Browne's MO all over, making false promises, lie to the market, defraud investors and then dump & run.