Jake never bought 1 share of MDNT, either.
He knew it was going to get diluted into the ground, as his puppet Manu K. signed-off on everything.
Jake was the executive financial officer there for years, and likely was partly to blame for the multiple failures at that company. He would have been the one structuring the toxic financing deals, including the deal with Atlas.
Now Jake is running the dilution nightmare at FONU. Not much of a confidence builder, IMO.