Thursday, April 02, 2015 5:43:30 PM
what it started as potential great investment..ended in a disaster
At one point the Ceo Peter Collofori teamed up with a certain new inventor/car guy Doug Palmear
Doug had a unique idea how to build an angine that would run on Ethanol and by his estimate would achive 110mpg and produce 400horse power
Because the Revenge stock had suffered trememdous losses,many of the skeptics...stat making fun of this engine/Peter/Doug and some of the company supporters!
I don't care who believed or not...the point for this post has nothing to do with the Engine
Peter and Doug announced a plan to build Verde Supercars that would shake the Supercar's Industry
But first they needed a loan from a bank to try and achive their plan..
The bad news came...the loan was Denied...
more losses for the stock..and accusations were flying...
as I learned today...things could have gone different for us shareholders and the company if in fact Revenge Design inc..had received such needed loan
Maybe things would not have worked out anyway
no way to know
http://www.hp2g.com/nonsupporters.html
listen the audio
I am not sure if all the evidence are here ..but I was told that because the commissioner.went behind his duty to stop the loan he is responsible for all the mess that happened after and he could be viable for up to 10m${suppose insurance they the city has)x3 or 30m$
I was told
for that to happen we need a class action suit!!
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