A bungled con-job by CEO Paul Thomas Johnson, 40, and CFO Parrish Jones, 39. Both tried to make up numbers to attract venture capital. In dark times like these i suppose a shitty company needs all the made up numbers they could possibly get. Here is what they “faked”
2006, true $500K, false $4M
2007, true $1.4M, false $6.2M
2008, true $1.7M, false $5.2M
The false revenue numbers were used to attract approximately $50 million in investment, which includes about $19 million from Ignition, a VC firm based in Washington.
I take this particularly personally because these fruitcakes ruin the market for everyone else. If my startup is ever asked to produce “certified true copies” or go through an audit, i will know to curse this 2 morons to hell. THe very least they could do is not get caught. flipping incompetent twits.
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GEEK RULES DUDE ! XD