I don’t think so. Randy Torno’s ANCE and PJET were scams not failed business endeavors. The difference is when the promised multimillion dollar contract in Kenya never materialized in ANCE, he shut down and ran - went totally silent rather than explain what when wrong and how they were going to address it. Same w PJET - he spun it off to WCVC for nothing and just abandoned it after all the pumps. No explanation. Not another word. At PJET, a college student named Yasmine Acebo was the CEO but Randy ran it as Chairman of the Board. Same with CIAU and Henryk Dabrowski. After the ICO failed to materialize they went silent. Packed up the tents, picked a new hot area and looked for fresh $$$.
You can also see the signs at AYLI. Revenue never turns into cash just unpaid bills from whoever the customer is for over two years but for some reason they are supposedly still a customer after consulting services were delivered years ago without pay, a floating cryptocurrency value Ven on the balance sheet never changes in years even though this is impossible, they overstate patents (which they licensed for a year to pump them, then gave them up when they didn’t have the cash to renew them, then continued to pump even though a patent search would show they didn’t own them), they overstated a small consulting relationship with a Professor working with a different company on hemp batteries, just when things can be proven like US retail bike sales for Christmas two years ago they pivot to Africa, and contracts a customer is supposedly willing to wait years for from a no resource company ,which is tougher to investigate, they had no cash, one part time employee, etc while pumping for years, etc.
We’ll see though. July is not far off. It will be interesting if we see significant price revues on the balance sheet at the end of the year (which is when July revenues would show up).
