InvestorsHub Logo
Followers 0
Posts 1
Boards Moderated 0
Alias Born 08/02/2008

Re: Stefano Demeria post# 35

Saturday, 08/02/2008 7:23:11 PM

Saturday, August 02, 2008 7:23:11 PM

Post# of 38
Update on Jack Heard 2007.He is still up to his old tricks.At his "new" company whom his buddy owns a vending company all the workers will bring in company money,money that was made from vending sales.And Jack will take the money and spend it.He cares nothing about payroll or bills. Bouncing checks left and right.All the workers think Jack 's the owner but he is not.He is actually stealing money from his buddy and nobody will dare step up and say anything for fear of loosing their jobs.There is no money for product for the machines so the company can easily close.The true owner beleives deep in his heart that its the drivers that are stealing.So Jack will have a few drivers fired to appease the real owner to show him that something is getting done about it.All the while he steals like there is no tommorrow
He will hire a secretary or some supervisers over the drivers and charge them up saying "They are all thieves" and when they figure out whats going on they will get released.This was a very good vending company with potential to become a giant but Jack can't keep his hands out of the money.The true owner come's out of his pocket with seed money for product to load machines in order to grow the company but Jack takes 85% of it
.Put 15 for product and other company expenses sending the company 4 steps back.To this day the owner has spent $1000000 and seen no profit.The true owner wants to sell because he thinks its a bad investment he does not know the true value of his company which at the start generated over 2 mill.But Jack robbed him daily and came on weekends to take what was left.

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.