RE:RE:RE:5.5 new life time lowIn actual fact this board proved quite useful.
It is very clear that Lucatch has been fraudulent in his activities, at the very least his business model is full of half truths. By definition a delusional person really does believe his own B.S.
Think about it - 212 M unique users
The board exposed this where other couldn't. Yes there were 212 M unique users but they were really not "users" like a facebook user. They were generated because Lucatch paid for them as "development expense" and they were really just a key stroke by his DWF co. Think about a hamster on a tread mill running all night making users. It all stopped when he stop paying/ feeding the hamster. I think he stopped because the #'s were obviously getting out of hand. Had he kept going he would today have more users then Facebook but you wouldn't be able to identify one of them because they didn't really exist.
We could go through every rev deal and partnership and pick it apart. They are all half truths and B.S. I challenge anyone to give us something that they think is real that Lucatch announced and the board will run the smell test. Nothing passes except the fact that his Ortsy technology is really just google translate on steroids.
The problem there is that he is trying to make it something that is not. It won't solve world hunger or change the way businesses does e commerce. It might just be a little easier and maybe more accurate to do translation. Why not use it for that and see if anyone will pay for the service? Telus almost did but I am sure DL screwed that up with poor execution.
I think in the early days when the co value rose to 300 M he felt compelled to justify the valuation and he couldn't. He turned to B.S. and he has been chasing his tail ever since. Quite sad actually!
We helped fuel his deceit and he continues to do it although with new money to the rescue and a demotion - game is over. We will see what the New Yappn can do?
Will Lucatch be incarcerated over any of this? Only time will tell as the "second " half unfolds. Anything from money laundering to embezzelment to security violations would not surprise me but only time will tell. The Kostra Nostra is not the same as the one ran by John Gotti. He is not Teflon Dave LOL