I hear ya.
I’ve seen that too on QASP
A group pooled their funds into an LLC. The LLC would buy debt from the scumbag CEO of QASP for deep discounted notes. Standard toxic financing. A good Stink Pink CEO needs to tap a few toxic funding groups.
CEO was pumping BS news every months so the toxic LLC could dump on his pump. CEO buying crazy stuff too.
The story always became bigger. The CEO and Toxic LLC sold an entire A/S twice with a R/S in between.
In the end the Toxic LLC was holding all these unconverted notes snd got screwed by the CEO in that the CEO was issuing himself preferrd shares snd were No shares left in the A/S to convert the LLC guys.
Everyone sueing each other. The head of the toxic LLC had people stalking his home and knocking on his doors.
CEO flys off to the Grand Turks
Senior note holder that held the control through preferrd ultra vote shares. Takes the shell over R/S it and brings it back alive as some pot story GYOG or some shit. Joe Canous, the king of toxic funding.
Now what raises my hair on my back, ChrisWinter lives less than 5 miles from Joe.
I got a handful of these like guys in my little Alabama village.
I think they are everywhere. A good shell is pure gold to these guys.
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