Supposedly, Freedom Town Holdings entered into evidence a report from a testing company that stated the soil was contaminated.
I think MF KNEW there was a contamination issue.
He was growing hemp but never SOLD it.
He bought it from a 3rd party to use in HIS products..
Why? He KNEW there was a contamination problem..
The receivables is from MF selling product to himself.
He has ZERO intention of ever paying himself LOL.
Welcome to the party, pal.
Feldenkrais sold a few bottles of water.
Whatever he collects in the lawsuit goes to preferred shareholders.
He will go dark or dissolve the company soon after any settlement.
Cash, this is penny land.
Feldenkrais PR's he expected to do $20-40m in revenue.
He sold hemp to himself and then NEVER paid himself.
He said they'd be in 5000 stores and managed a handful.
He' owed' Marquis money and tried to shake them down for millions of dollars.
If that isn't probative and show his state of mind people have no business trading pennies.
Of course I left out the BIGGEST red flag...Svorai.
He followed his pals at OWCPs scam plan.
There were plenty of disregarded signs along the way.
How exactly would MF have made 'millions'?
He sold hemp to a subsidiary. (Just out of curiosity why did he stop?)
The restaurant failed and his products had minimal sales because there was no money to advertise.
The ONLY way to make millions would be a steady stream of BS PR's and dumping into the 'news'.
Just like the vast majority of companies in pennyland.
You really believe Feldenkrais was an innocent dupe?
The 'superstar' attorney?
Svorai approached Feldenkrais with the scheme and Feldenkrais knew he had the most to lose.
So he told Svorai (fingers in ears) lalalalalala...I don't want to know ANYTHING.
Svorai did the dirty work.
Feldenkrais provided the hemp.
All the machinations were to create a layer of protection/cover from the SEC or whomever.
You can't see the forest for the trees.
Feldenkrais saw the OWCP scammers make bank and wanted some easy, fat cash.
Hence, $20-40m in hemp sales to HIMSELF.
Remember when that first crop came in light he decided the crop was SO good he could charge HIMSELF more.
RIGHT THERE WAS THE ONLY WARNING ANY THINKING PERSON NEEDED.
This is penny land where 99.99999% of the CEO's are crooked or incompetent.
Feldenkrais sold hemp to himself at vastly inflated prices.
He claimed annual earnings would be $20-40m which was WILDLY off.
He later admitted you can't make money selling hemp.
He got into bed with Svorai when a 15 second google search would show he was a CONVICTED scammer.
Feldenkrais was pals with the OWCP scam crew who made fat cash scamming shareholders.
You'd have to be WILLFULLY blind not to see this was a scam from the get go.