SUTIMCo International Inc (SUTI)

[dukeb]

I don't understand how anyone can "invest" in companies that are so tightly controlled by insiders.

Assuming that STUPID eventually had some true source of revenue (I'm serious...bear with me) what would prevent Eddie from:

Setting his own salary at $ 1 million per year.

Giving his son-in-law a company leased Bentley.

Renting out space in his personal residence as a "Corporate Office" at $ 5000 a month.

Making Eddie's ferret the official mascot of STUPID for $ 15K per year.

Answer: Nothing. Every single revenue dollar would end up in the pockets of the insiders. And the Balance Sheet entry for "owed to corporate officers" would ever increase.

There would never be a profit. Never.

Watchoo-gonna-do-aboudit?