SunWorks Inc (SUNWQ)

[SandridgeEnergy]

There is no excuse to make excuses for Nelson at this point.

Not every company exploits their shareholders so flagrantly as Nelson did.

The founders didn't bear any significant risk, they manipulated the markets and shareholders with lies to get themselves rich. Their total initial investment was less than $100,000 (just enough to incorporate the company and start selling shares to retail, from which the other 99.5% of invested funds came) from which they reaped over $10M.

The entire purpose of the company from the start was a method of financial engineering that exploits shareholders for the benefit of management. The plan for shareholders to eventually benefit was a lie. Not every company just makes up lies from whole cloth to exploit retail investors.

As I said earlier the guys who made the money invested about .5% of the capital, whereas retail investors invested the other 99.5%. The company with literally a shell to push a scheme of wealth transfer. The cell business model was just a fake cover-up for said scheme.

Companies are formed and listed to make money for insiders and institutional investors, period.

LOL. Greg Boden is an institutional investor now?

So the company only has the obligation to look after the interests of scam artists who form an LLC?