It always ends the same when ‘sale to private equity firm’ happens. The ‘efficiency’ pencil pushers run the company into the ground. This is how the cabal eliminates market competition.
In this case, the private equity firm latches onto a company with massive financial trouble due to the CEO burning money and eventually takes two other solvent companies down with it.
You can't tell me a PE firm would go through this sort of acquisition and not find out about these shenanigans as part of due diligence. And if it was hidden, then it's fraud and they should be going after the sellers. This whole thing stinks like some sort of cover-up.
It always ends the same when ‘sale to private equity firm’ happens. The ‘efficiency’ pencil pushers run the company into the ground. This is how the cabal eliminates market competition.
In this case, the private equity firm latches onto a company with massive financial trouble due to the CEO burning money and eventually takes two other solvent companies down with it.
You can't tell me a PE firm would go through this sort of acquisition and not find out about these shenanigans as part of due diligence. And if it was hidden, then it's fraud and they should be going after the sellers. This whole thing stinks like some sort of cover-up.