Poor management?? LOL! No... It's called theft by fraud. You see, this is how the Blackburn gang of cons work. They buy up distressed companies, mostly restaurants and motels, though there have been a couple oil company's. One of which is TECO and even a gravel pit and some small construction outfits. They buy them with shares and first use them as PR fodder to sell more shares. Then they used them to launder money by claiming they are fixing them up, remodeling, drilling wells, whatever, and sell more shares with that too. Then they sell all the pieces off till there is nothing left but a pile of debt. Move on with some more and then some more and on and on...
Haven't "investors" wondered what became of that 700,000 bucks Keith Wilkerson got from that toxic lender???
Well it got laundered through a remodeling scam with White Flag. Right in front of investors noses. Keith claims he's going to open the White Flag with a whole new thing and sells off everything, everything in the building. Then uses the so called remodeling to steal and launder that 700 grand. I'm sure that Ron Blackburn and the rest got piece of it too. Then Wilkerson uses that money to remodel and stock with inventory a restaurant his wife is opening and that has NOTHING to do with GRLT. What happens to White Flag?? for a while he says they are getting real close, then its they surrender the flag and, thanks... LOL! I posted links to all that.
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