Wednesday, September 15, 2010

Are we seeing a pattern here with building STOCK in companies and claiming bankruptcy for Robert J McNulty owner of Kaching Kaching

So we have multiple companies - he has owned so far and we haven't even gotten to the year 2000.

It looks like he builds companies that fail and gets stock options on them and offers money to everyone takes the money and then claims bankruptcy - liquidates the company and ends up with a nicer home or nicer car - and owes back taxes of 2.4 million dollars.

Now he owns Kaching Kaching and yet he also ran Local Ad Link... and has ties to Burn Lounge and to other great companies... Oh and he owns a mining company which became Kaching Kaching which - by the way is a shopping cart store that you sell.

But all these places had stocks.

And people buy those stocks

and options.

So what happens to the investors?
Do they get any money back?

Can anyone answer these questions?

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