LIN WOOD Releases FULL account of Patrick Byrne Thanksgiving phone call. DEFINITELY WORTH A LISTEN!
👀 EYES ON! 👀
First:
https://files.catbox.moe/a9lbtk.mp4 courtesy u/GridSquaresBoxOf
Second:
https://files.catbox.moe/p20xkg.MP4 courtesy u/GridSquaresBoxOf
Third:
The point about the stock options is not actually indicative of fraud and is irrelevant. If you register a business on LegalZoom you will get a letter telling you that you are the primary holder of the stock for that corporation.
When you give everyone the impression you're running a nonprofit it is. Both Pat and Lin agreed that it was very strange given the circumstances.
A number of charities are organized as for-profits. Its not necessarily bad. We don't have enough information to say whether Sydney was over-paying herself or doing bad things with it.
One of the things mentioned was that she was using the money to defend herself in the lawsuits and actions against her after making the kraken suites. She might not have that flexibility to use the money to defend herself if it was a non-profit.
Well, of course Pat could be lying about her, but he was there two weeks with her and couldn't make heads or tails of how much money was in the organization. He didn't think he was getting into a for profit charity, and was taken aback when he found out.