"Venture" typically means "initiative" or "business development", which is materially different from "venture capital."
Venture capital wouldn't touch this with a 100-foot pole. They don't invest in public companies. That's the opposite of their model.
I'm sure it's yet another business scheme from the brothers, likely unrelated to this, and certainly not something that will save this.
The data is clear:
- They brothers have an unblemished history of failure
- Each of many endeavors has followed the same pattern; no revenue, no profits, toxic debt, share price decline, reverse split, name change
- They have a ghastly capital structure with 10s of billions of toxic shares on top of preferred stock for insiders with 9x voting power
- The brothers take hefty salaries and deliver nothing, including communication
- They have terrible corporate governance with no independent oversight and countless related party dealings that enrich their family at the expense of shareholders.
None of that is in dispute.
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