Tom Richardson ‘loan to own’ destruction of companies21 Jan 2024 10:12
So clear evidence that when you enter into a relationship with Richardson, it comes inevitably with his cabal of Cayman Island companies and the same individuals every time?
Small companies take a loan (bonds / convertibles) and then in come Hadron, Anavio, Tennyson and other companies in their inner circle, along with the names listed on this board.
At first the small company is grateful for their support and advice and then a few qtr’s later it dawns on them that that was stage 1 of the collective taking their company off them. All the hard work, sweat and ambition is gradually squeezed out of them and they are powerless to stop the ‘loan to own’ by Richardson, D’Attanasio et al. Tied up in corporate lawyers and hidden clauses, the naked shorting begins, SP collapses and more cash is needed.
This phase comes with the extra board members and gradually destruction of the board to be able to resist in votes.
We see you.