This is going to be another FLIP move by SG. Scrub for dollars (taken from those with a private placement or some form of large dollar direct funding who will then get a whole bunch of shares to dilute the price with), blame everybody else for the failure, then bankrupt the company. Typical move. After that, he will find some new internet venture to "focus on" and bankrupt that as well. Very predictable. He calls this a holding company? The only holding going on is shareholders holding an empty bag. This guy produces nothing other than dollars for himself. He is a pure snake oil salesman.
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