AQUM business plan for those that missed. Oldest scam in the business:
Now that it's painfully clear that this is not the next Intel, let's take a closer look at the AQUM business plan from the perspective of the insiders.
1) Get your hands on a cleanly reporting public company shell. Acquire it or otherwise get control of it.
2) Make some noise in the PR about a new direction, put out some PR about raising money.
3) Conduct a couple of worthless acquisition transactions acquiring money losing companies on the verge of death with worthless stock. Important: make sure the financials of those companies are not visible to the public so it looks like progress.
4) Issue yourselves a whole bunch of shares.
5) Put out some press releases to give the appearance of progress.
6) Sell shares into the news and put the money in your pocket.
7) Repeat steps 4-6.
8) Repeat steps 4-6.
9) Repeat steps 4-6.
10) Repeat steps 4-6.
11) When stock price gets to low to make money off of selling shares reverse split the stock price to get back to a level that you can.
12) Go to step 3.
A slightly simplified summary of the plan but you get the idea.
Able had no telecom, Charys had no storms, EFIR had no oil, AQUM has no profits, and the emperor has no clothes...
