Replies to post #20799 on DnC Multimedia Corp (fka DCNMQ)

[harr449]

DnC went out of business in 2008 due to lack of financial backing.

All of top management skipped town without a word to shareholders. Bain was the only one left. He filed Chapter 11 bankruptcy in FL in Dec. 2008 but that case was terminated by the judge in July 2009. In the same time period, Bain was accused of stealing a client's personal retirement money ($4M+). Bain was sentenced to five yrs. in federal prison in July 2010.

CEO Robert Stanley Lott, Palo Alto, CA turned out to be a huge failure. Lott predicted $100M in revenues in a yr. but couldn't even make loan payments to Trafalgar.

[harr449]

I tried to contact a former minority financial backer Sean Fulda.

He didn't reply to 2 emails last yr. and I never called him. Was hoping to hear if he knew about the possibility of someone else running the company. Bain was too stubborn to relinquish the company before he went to jail.