As to being called a “fool,” it's not easy for investors in unfamiliar territory to recognize bunko artists, which is why hiring outside investigators to conduct financial background checks is so Important. Records access through the internet has also changed over the last 14 years. Characters such as Connie Nash and Greg Halpern can bamboozle investors and baffle them with technological BS which will convince them of the relevancy of the product, not to mention their advanced knowledge of the market, but it’s up to the investor to make the final call. I know because it happened to me.
I don’t consider myself to be a “fool,’ but I was naïve to believe what I was told. At the time, the information about Greg Halpern and Z-Trim was not available to us. When it became available, he naturally denied any wrongdoing, deflected blame to others, and talked about the incredible returns he achieved for the shareholders. He said the same things to Harvey Vechery. It was already too late for us as we were all in. If I knew then what I know now, dime one wouldn’t have been invested in this company. Fool or not, that’s on me.
As to Connie Nash, she was already contracted to MAXD and being promoted everywhere. We all believed what we were being told about her from MAXD. The resume seemed real. The product was well known in the marketplace and being used by Google. We bought into the concept of the video being combined with the audio and the expanding market that would be open for MAXD. I was never on board with the lawsuit against Google but that’s another story. Should more due diligence have been done by me? Yes. Again, fool or not, my bad.
MD1941 and his group was contacted by Nash for financial assistance. On paper, it was a good deal for both, as well as for MAXD. MD wanted to help Nash and MAXD as well as make a profit for his partner. Should MD have recognized the psychological issues and potential pitfalls of doing business with her? Why would he? He is a transfer agent, not a forensic psychologist. Furthermore, MAXD vouched for her. It was a simple deal. Is MD a fool for making this deal? I don’t think so. I’m more of a fool than he was. Things can be much clearer in the rear view mirror. Hindsight being 20/20 and all that. I just think the "fool" tag in inappropriate in this instance. It's just a business deal gone bad.
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