Scamming 101.....
In order for a good scam to work it must have a semblance of legitimacy.
Toby McBride and Mike Holly learned this with their last public company High Performance Beverages (OTC: TBEV)
That was a company where the shareholders initially invested in the company based on Toby's proclamation of being a beverage expert. Having worked for companies like Arizona Ice Tea, SOBE Brands and Xyience gave him a lot of credibility initially. Here on Reddit and Twitter they refer to him as "a beverage industry legend" which is a complete joke. Toby McBride is no more a legend in the beverage industry than a regional Coke manager should be considered a legend for the success of the Coca-Cola brand.
While investors were willing to take a chance on the "idea" of Toby being able to make the High Performance Sports Drink a success, like his claims of doing so for Arizona Ice Tea and SOBE, things didn't really start to heat up until they did their first production run.
Toby had also hooked up with sports agent Sean Stellato who at the time managed several New England Patriot NFL players. This is actually how McBride first met Alex Guerro. This was also during the time New England was winning Superbowls and virtually any Patriot player endorsing the product could be considered a "GOAT."
Like NXT LVL, the shareholders propped up the product with immediate sales. I rememeber when it went up on Amazon.com, they had over 200 positive feedbacks before anyone could have possibly received the product. Sales were so good initially that it received the Amazon Best Seller badge!
So what happened? They did a production run, shareholders were buying the product and doing social media testimonials, athletes were endorsing the product and...... The stock went up 3,000% (sound familiar?)
With all the hype of the product and the success of the stock, McBride and Holly went out and raised almost $3 million with toxic convertible notes. The product could have still had a shot except Toby, with all his great contacts, never got the product into a single retail store. (Very similar to the promises he made to Dan Bilzerian last year when Dan made him the CEO of Ignite Beverages only to fire him several months later when McBride and Holly failed to produce anything.)
Instead of looking at their public company like an incredible opportunity, one that might be able to compete against Gatorade and Body Armor, these two scammers decided to live the good life by treating TBEV's bank account like their own personal piggy bank. Their social media accounts were filled with new trucks, new motorcycles, new boats and lots of trips to Hawaii, Mexico and their passion Sasquatch hunting.
Eventually, their auditors fired them for submitting fake invoices, they spent all the monies and couldn't do another production run, without production, the news started to dry up, news that they did come out with never came to fruition, and with the blink of an eye all those convertible notes came due and the stock was diluted into oblivion.
At the end of the day, they sold the shell to another company who ultimately cried foul because they could never get the financials to bring the company current, and the company was riddled with lawsuits, liens and judgements that McBride and Holly never disclosed to them. The stock has been sitting in purgatory ever since.
Anyone warning about these two isn't envious about investor's making money, we all want to make money and applaud those who took the risk and came out ahead. They care about the potential for investors to be scammed by these two individuals, like they were.
Anyone with the mindset that what these two did is in the past, and LTNC is the present, will deserve everything they'll get by holding on to this dream for too long.
As if, it is normal for a company to go from an $800,000 market cap to over a billion dollars in 3 months with the acquisition of a 2 month old company with zero assets, and no operations or revenues at the time.
If it walks like a duck, quacks like a duck, and flies like a duck......It's a duck!
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