InCapta Inc (INCT)

[kolchakil0]

All I can say is that he pulled off a huge con. I don't think he ever had the intentions of turning this into a good company.

Just think about it. You have the name Gameznflix which was such a play on Netflix. He knew that the thought of a company with games and movies and such a similiar name would get people to salivate.

What I find incredible is how 40 million can go down the tubes and the company is weak with their movie and video game inventory.

I am not even sure what value the inventory is at the moment.
Without audited fiancials we cannot be assured that the value is even accurate.

If he had used funds appropriately he would never have had to close down the distribution centers either IMO.

IMO all the hype of big growth (the 9 or 10 distribution centers), (inventory to satisfy 150,000 subscribers), (the game channel, and business channel), (even the thought of acquisitions and other partnerships like CC) was just that.

He created the image of a growing diamond in the rough to get people to invest on all the speculation while obviously he had no intentions to follow through and get this company there.

At this point it looks like a very good con.