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Alias Born | 02/10/2016 |
Tuesday, December 19, 2017 11:29:42 PM
Nelson works with people like Greg Boden, Jonathan Lei, and Beifuss.
These are not ordinary venture capitalists.
These people make money by financing failing businesses and having their friends (like Nelson) run companies by spouting off misleading information to get retail investors to waste their money buying shares.
That is how the business really operated, it operated to make 3 or 4 people rich, not to create sustainable value for shareholders. The massive damage Nelson did to the company didn't have to happen, the company was looted.
And as long as Nelson is able to control the board of directors, and therefore the company, there is no reason to think anything has changed. Nelson still has dictatorial control over the direction of the company. He is not incompetent, he is corrupt.
Decisions were made at several key points that had ZERO effect but to create more money for Boden et al, and less for shareholders. I am working on something now to be more specific to that last point, email me / message me if you want to see it.
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