It just doesn’t add up.
I’ve always questioned the 2008 sale of Fund.com for $10 million. It’s mostly in my gut: why did a new company that went public by buying another company pay a ridiculous price for this domain through a broker I’ve never heard of?
It just doesn’t make sense.
Now someone has dug into it the company a bit more, and the whole thing stinks.
BusinessInsider notes that the company has no real revenue since 2007, has seen its stock (now traded on pink sheets) go as high as $1,205, did a 1 for 120 reverse stock split last year, and is restating its financials from previous years.
It gets worse: the article mentions mobs, Kosovo warlords, a forged signature, mobsters, and ponzi scheme.
Read the article here, then I ask you: do you still believe the $10 million sale of Fund.com is as it seems?