Anthony Pompliano

And they called the regulator.

That's what happened.

Because one of the biggest things...

whenever we did a round of financing, the board always had visibility access to the capital accounts.

So you get $10 million, and this is how it works, Pat.

And you saw this on a lesser scale, but you were an established company with expansion capital with a demonstrated track record of being responsible in building your company.

These are pure startup people.

And pure startup, it goes like this.

Okay.

The $10 million will come in.

We're going to leave $2 million in the checking.

You're going to put $8 million into this CD, and you're going to use it over the next six months.

But they have visibility to the account balances.

They have observation rights of the accounts.

And so when she starts doing this, unfortunately, these founders think that when they've received the money, hey, man, I'm rich, and I can go, and I've got to fake it until I make it.

And what happens is one of the investors, I believe it's not stated, but my gut tells me one of the investors called the regulator.

And so we got listen, we got this thing.

Somebody needs to take this chick down.

We're going to write this thing off.

And it's a smoking crater.