Lol. That's interesting I've done the calculations and realized I can get my items 30% cheaper than Super Value if I order directly from the US. If I had a group to order bulk it could be 40%.. or more

It's interesting that Christina Rolle survived FTX but Keturah Ferguson is out at Immigration for being observant and a good steward

I wonder why they never approached Sam for an investment. They should have if they didnt. He had the kind of money they needed.

My hope is that someone bails them out. I heard stories about "lavish cars", but if you got a new job paying 10 times your previous salary you'd probably buy your dream car too, so I dismiss that. Travel? For the business they were in theyd have to travel to try to get to more investors and they csnt set up a lunch meeting at McDonalds so I give them some of that.

My concern is that the SEC expressed interest in operating their own crowd funding platform. I dont know and cant know how that figures in this but it's an uneasy feeling.

And Campbell should have had access to at least 5 year projections. He was 68% owner with 1.6m, that "sounds" very low but only a view of projected expenses would confirm that.

I dont know if its lies or not, but the scenario "in principle" is quite possible. Shareholders with enough power can kick an entrepreneur out of their own company. especially if they function as the company's bank and especially for innovative initiatives. On the other hand sometimes the entrepreneur walks away voluntarily with a big pay day.

Which leads me to agree with Mr Rahming on understanding of business. I remember trying to get an initiative off the ground and being offered a very strange funding option for the particular industry. I said to the individual and myself that simply wont work. I knew if underfunded my company would essentially be taken, sometimes investors do this with intention of taking a potentially profitable company

This sounds like the same story that was running in 2021 for the Minnis administration. Remember persons calling repeatedly to say the COVID trackers werent paid for months, garbage contractors, landscaping contractors, and those were the ones who spoke publicly.

You havent watched enough American Greed. This same story gets repeated over and over again, the perpetrators and the victims just have different names, **but**, there's quite a bit of tropical island paradises mentioned!

They both "appear" to have had no regulatory oversight with the SEC just asking questions after some 3rd party triggered them. And I get that in the US companies can fly under the radar, this is different. These companies should have been standing out like sore thumbs here and subject to extra scrutiny

"*The former Colina chief asserted “that since operations began the company had been cash strapped*

One thing that confuses me is the capital. The Colina chief invested but says since they started they were cash strapped.I'm wondering if the real problem was they were simply undercapitalized. Even with the best governance structure. And shouldn't he have seen that? Right out the gate no money? That's ok for a cake business, not for this