TAP Real Estate Technologies Inc (RWAX)

[TenKay]

It’s a bunch of undisclosed “related party” transactions to pump the stock. Why else would anyone deliver an asset with no consideration paid, only a “future obligation”…that is not an obligation at all. Not even a promissory note was used.

The answer as to why they did it this way is simple. Had they paid the consideration then the asset would have been subject to a much more rigorous testing and likely have gone exactly the same route as what YBYRA’s audits did.

And now that they have revealed some more detail as to the nature of the asset it is becoming more clear just how much of a scam this is. It is not much more different that the OTC “gold mining” scams of the past. Whether it’s an abandoned mine or a tailings pile with “residual” gold that is not economically recoverable.

They have bought themselves a year with that accounting gimmick…before their auditors have to relook at it.