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Re: AsiaT post# 7028

Friday, 10/30/2015 2:12:23 PM

Friday, October 30, 2015 2:12:23 PM

Post# of 7329
The short story is most of the insiders took a bunch of money out of this thing based on hyped up PRs and questionable accounting. The Bradley brothers alone drew $1.3mm between them in salaries and stock sales the first year it traded publicly while doing funding deals out the ying yang. Arena already had a rep as a shady character in OTC circles. Pretty sure he was responsible for the accounting scheme which may have been legal but was far from ethical. I'm not sure if Bettis was just handed such a shitpile that he can't clean it up or he doesn't want to. In his defense he has done a few things that seem to be on the up and up in the right direction but I have seen very little follow thru on his part.

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