Annual Report, filed late, spells complete disaster. The ship is sinking fast.
Michael Hansen and his bunch of MLM-mormon-has-beens managed to outperform even the most skeptical observers. The company is in complete disarray. The accountants raise serious doubt as to whether it is suitable that Scaminto reports in accordance with GAAP-standards. Internal reporting is a joke. This is truly not a Going Concern, but a Weapon of Wealth Destruction.
The current leadership, same same same af the old leadership, especially the biker related Michael Hansen, would under normal circumstances be arrested and prosecuted, along with his hapless consorts.
Highlights this year is that they managed to dupe new extremely naive investors into pouring fresh cash into the company, cash that directly went into Michael Hansens pockets. But they were probably focussed on the worthless warrants they received
Michael Hansen is a crook and a criminal.
Get out while you can, or bend over, this is going to hurt.
