Zecotek Photonics Inc ZMSPF

RE:RE:zecotek

[Pandora]

RightAngle45 wrote: I honestly wish i could tell you !!!
But I do know we have been fleeced. It looks like he may of worked out some thing  with the chinese and forgot to include us investors. Its a convoluted mess and bizzare to say the least.He supposedly had a couple deals on the hook and then let them go.  One was birds view or something like that ???  The other was something to do with horse racing. Is it getting confusing yet ??  It could be just a smoke screen to take the last money out of the company in wages. Seems like they are pros at going around in circles.

It just seems amazing to me considering the technology they had, the large patent portfolio, supposedly the 3D tech with affiliations with high level European automakers, and Faouzi being the main brains behind it all that he could then get completely fleeced by the Chinese and lose everything including the patents. Either everything was phony from the start or something just does not add up. I'm assuming those at the top are not hurting and being your typical Venture company it is just the ordinary shareholders that come out with nothing. It's not really money laundering but there has to be a name for how these Venture companies can go for years by just spinning stories, doing capital raises that primarily look after ongoing salaries over and over and then just basically get dissolved. Faouzi's annual salary complete with bonuses and direct payment to him as a 'consultant' for providing technical data for patents etc. was quite lucrative,
and it results in a zero sum end game?? Just hard to reconcile it all.