TAP Real Estate Technologies Inc (RWAX)

[TenKay]

The filings themselves show that over $50 million in common stock was issued to the Pref B holders…and almost all of them had a ridiculously low cost basis, almost nothing…which is another subject unto itself.

So whether it was 1, 5, 10 or 50 people around him…that was $50 million they were pocketing while the stock dropped over 99% in the process.

That is pretty much the definition of an insider enrichment scheme.