MDLG was great at storytelling. Wilkinson? Not really.
de la Garza fooled a lot of people, while Wilkinson made fools of a lot of people.
de la Garza was full of bs, and so is Wilkinson
de la Garza was really good at raising money, while Wilkinson has been REALLY good at wasting money
de la Garza has over a million shares of CLOK, and Wilkinson owns 15k
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I agree with Hemaygoalltheway and it is the Board of Directors (BOD) who are mostly responsible for sinking the CipherLoc ship. The real question for all of us is this: Has the BOD done this intentionally? Giving MDLG $400,000.00 and one million shares after stealing millions from us shareholders seems reckless. Giving Mr. Borene $225,000.00 on his way out the door for doing a poor job as CEO is reckless as he made about $400,000.00 for three months of work. The BOD approving a nearly $20,0000.00 DC office building lease per month under Borene for several years was reckless, destructive and just plain dumb. Spending millions of dollars in legal fees for millions of nearly worthless MDLG shares is stupid and short-sided. There was nearly $10 million dollars in the bank when Tom Wilkinson replaced MDLG as CEO and he became the Chairman of the Board. Tom Wilkinson and the BOD destroyed more cash than MDLG after the Paulson 17.20 million raise. For full confirmation of a sunken ship we all just need to look at the reported balance sheet. The $399k of reported cash from several weeks ago is all gone given the reported burn rate of $800k last quarter. It sure looks like the BOD has done a superb job of sinking our ship. Congratulations to Tom W and the BOD on doing such a great job sinking us shareholders and any shareholder value to the bottom of the sea.
