4 ms·
Something doesn't sit right. Why would he tell them the company had been acquired and $37.7mill had deposited in the escrow account. its not like he can pull re
by knodi 13y ago
Something doesn't sit right. Why would he tell them the company had been acquired and $37.7mill had deposited in the escrow account. its not like he can pull real cash out of his ass so he boxed him self in.
It makes zero sense. Something is not right here on both sides.
- adventured 13y agoA company apparently so weak financially that it couldn't even keep its office rent paid up, isn't about to be acquired for ... $100x million. It wouldn't have been difficult to properly capitalize the company to get it through an acquisition period - ie they wouldn't have run the finances to the last minute of operating cash even if an acquisition were imminent. More likely is that Mills saw the writing on the wall, that his opportunity with MotionLoft was crashing and burning, and he chose to go out with a fraudulent bang.
- PakG1 13y agoWhy? Perhaps because he's a sociopath, perhaps because it was a case of irrational escalation of commitment, perhaps because he was a childish idiot. Lots of possible reasons. Why is it so difficult to consider the possibilities? :-)