This assumes that Berman ever intended to have this be a legitimate enterprise. The reality may very well be, and all the evidence certainly underscores this, that, like many pinkie CEO's, the whole thing was just a front for insider enrichment.
It is incredibly easy to make a million bucks selling "ideas" down here in pinkie land. It is very difficult to actually create a million dollar profit generating business. It's pretty obvious Berman knows this, and this has been his main objective. Let's look at some of the facts...
-He pumped relentlessly when he had to sell shares.
-He faked fundamentals to create hype.
-He fabricates half-baked business ideas that are dead on arrival.
-He relies on scandalous pinkie lawyers.
-He partnered with toxic lenders rather than making an attempt at traditional financing.
-He has not, and does not, utilize ANY of the free avenues available to him to generate market awareness. (This is a big one)
-He side steps around ANY of the pertinent questions shareholders ask him quarter after quarter.
-He blames bashers and "market makers."
Basically, this has played out like every other dirty pink in the history of the OTC. You have a guy that wants to run a successful business, with a product whose success is dependent on gaining market traction, and yet ZERO attempt is made to have... social media presence, a functioning website, well put together videos and brochures, anything not be completely nebulous.
So then what has he successfully done? He has directly pandered to pinkie traders and sold a lot of shares for a lot of money.
If you look at things with even a little logic, it's smacking you in the face. I understand that the hope for many is that Berman throws one last hail mary and scores big, but that hope is built on the idea that there was ever really any intent beyond the sale of shares. Sure, maybe Berman hoped that he'd land a fish, but that wasn't priority number one for him.
And now, with the latest holding pattern he has everyone in as the unverifiable "third party testing company" tests for 30 to 60 days, he may very well be exiting stage left. In 30 to 60 days, traders may be left holding a dead shell.
And the idea that Berman can't "name names" because "shareholders will inundate a business for verification" is a problem HE created. By purposely being ambiguous to conceal the fact that claimed deals were exaggerated or false, his shareholders were forced to seek verification, and seeking verification proofed those falsehoods.
Did Berman offer explanation? No. He just swept it under the rug and basically said, "You guys are making it really difficult for me to lie to you, so I am just not going to give any names or proof of anything so that you are totally in the dark, holding onto the false hope of whatever story I tell you."
Many of the red flags have been beaten to death, but some of them don't get nearly enough attention.
The private label ads that don't exist? Come on.
All this profit / revenue and he is in bed with the Canouses? Come on.
None of it, absolutely none of it adds up to this shell ever having a legitimate business effort behind it.
It is incredibly easy to make a million bucks selling "ideas" down here in pinkie land. It is very difficult to actually create a million dollar profit generating business. It's pretty obvious Berman knows this, and this has been his main objective. Let's look at some of the facts...
-He pumped relentlessly when he had to sell shares.
-He faked fundamentals to create hype.
-He fabricates half-baked business ideas that are dead on arrival.
-He relies on scandalous pinkie lawyers.
-He partnered with toxic lenders rather than making an attempt at traditional financing.
-He has not, and does not, utilize ANY of the free avenues available to him to generate market awareness. (This is a big one)
-He side steps around ANY of the pertinent questions shareholders ask him quarter after quarter.
-He blames bashers and "market makers."
Basically, this has played out like every other dirty pink in the history of the OTC. You have a guy that wants to run a successful business, with a product whose success is dependent on gaining market traction, and yet ZERO attempt is made to have... social media presence, a functioning website, well put together videos and brochures, anything not be completely nebulous.
So then what has he successfully done? He has directly pandered to pinkie traders and sold a lot of shares for a lot of money.
If you look at things with even a little logic, it's smacking you in the face. I understand that the hope for many is that Berman throws one last hail mary and scores big, but that hope is built on the idea that there was ever really any intent beyond the sale of shares. Sure, maybe Berman hoped that he'd land a fish, but that wasn't priority number one for him.
And now, with the latest holding pattern he has everyone in as the unverifiable "third party testing company" tests for 30 to 60 days, he may very well be exiting stage left. In 30 to 60 days, traders may be left holding a dead shell.
And the idea that Berman can't "name names" because "shareholders will inundate a business for verification" is a problem HE created. By purposely being ambiguous to conceal the fact that claimed deals were exaggerated or false, his shareholders were forced to seek verification, and seeking verification proofed those falsehoods.
Did Berman offer explanation? No. He just swept it under the rug and basically said, "You guys are making it really difficult for me to lie to you, so I am just not going to give any names or proof of anything so that you are totally in the dark, holding onto the false hope of whatever story I tell you."
Many of the red flags have been beaten to death, but some of them don't get nearly enough attention.
The private label ads that don't exist? Come on.
All this profit / revenue and he is in bed with the Canouses? Come on.
None of it, absolutely none of it adds up to this shell ever having a legitimate business effort behind it.
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