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How does a cash flow positive org go insolvent unless they are fucking around with users money and speculating with it or betting on it?
by 2Gkashmiri 3y ago
How does a cash flow positive org go insolvent unless they are fucking around with users money and speculating with it or betting on it?
- nurettin 3y agocheap developer goes awol and the manager isn't bothered?
- thaumasiotes 3y agoBy having obligations that don't affect cash flow? How does a profitable company wipe out from negative cash flow?
- kalleboo 3y agoIt was acquired by a company called "The Blockchain Group". There is a 99% chance they were fucking around with users money and speculating with it or betting on it
- EdwardDiego 3y agoI'm sure that The Blockchain Group (TBG) didn't do anything unusual or illegal with money in Bountysource... My gut feeling is that TBG bought the bounty site with a view to paying bounties in their own shitcoin, but then all their crypto "investments" went south, and they pillaged all the coffers... and probably threw good money after bad.