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Re: stockguru1971 post# 26760

Friday, 02/22/2019 1:06:07 AM

Friday, February 22, 2019 1:06:07 AM

Post# of 27489
Just go back through the filings for the last 10 years for Flint Telecom and then Axiologix.
Vincent Browne was CEO for both these companies. They both started off with assets, customers, IP, revenues and were run into a Debt ridden position with no return for any stock holder or investor. Each filing & Press Release promised turnaround, huge market opportunity but it was just Pump & Dump of the stock price. The investors were lied to, their investment stolen. They failed due to mis-management by Vincent Browne, bad M&A with poor DD undertaken, fraudulent accounting, illegal stock deals with investors, a web of companies - but throughout Vincent Browne would be taking cash out of the businesses, funding his lifestyle, then once the asset stripping was all done & nothing more to take, leave all the debts and move on to the next project to ruin another company.
If you read through the Boards you will find he was actually prosecuted for Theft & Fraud in an Irish court, back in 2014/2015 regarding Pension payments - it was formally documented and the company of which he & his wife were Directors were fined by the court.

What is being undertaken here is just the same methods, processes as before - deals being struck, spin in the Press Releases, positioning in the filings, promises to the market made, investors told this is a great opportunity this company is undervalued - but all lies, fraudulent accounting, monies being taken and any investment will be lost & debt owed unpaid AGAIN.

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