It's doubtful they ever intended to run a legitimate company to begin with. But assuming they were, buying Poolworks from Vert sunk their boat entirely. They were extremely stupid to spend millions (of shareholder money, not their own) on a defunct website that had something like 150k active users. More so since they accepted $40MM+ worth of debt. Sooooo stupid. But Vert made their millions and more by dumping all those shares resulting in the crushing RS.
But there were a lot of red flags and blatant pumping along the way that this was just another OTC scam.
* LOI's that never resulted in anything. * Unverified claims galore. * Business that never materialized. * Virtually no revenues. * Billions and billions of shares dumped. * That whole "crypto" mumbo jumbo they pumped that was never functional. Ever.
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