Thursday, May 17, 2018 5:41:18 PM
Don't believe the hype that Desmond is a successful enterpeneur
He was one of many shareholders who sold PaybyPhone in 2010 for around $45,000,000 to Paypoint LLC in June 2010. His share was around $4 million. That money lasted him about five years and then he lost the balance of it day trading. Yep, day trading, LMAO.
Him and his wife being broke they went to Penny for help.
Penny urged them not to sell their $2 million house in North Vancouver and said she would hire Angela as an IT consultant for her law firm even though Angela had been out of the work force for FIVE YEARS.
Des took his kids out of private school and was only able to stay in his house because of the salary Angela Griffin was receiving from Bacchus law Corp., where she worked for several years.
Penny then offered Desmond a financing, and while Desmond was supposed to be working exclusively for Glance Pay, he also took a job as CTO at Buyatab - the guy had 2 jobs and he was desperate! Desmond didn't tell Buyatab he was working for Glance and BUYATAB sued Desmond for lying!
Paypoint LLC realized what a crock of junk paybyphone was, not functioning properly and causing people to get tickets, and they sold it at a large loss to Volkswagon.
Desmond hasn't been involved in developing tech since 2010 when he sold paybyphone - that is 8 YEARS AGO
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