Does this company have any credibility at all ? I can not...

Does this company have any credibility at all ?

I can not believe that they only just discovered that their only income generating subsidiary was insolvent the day after they secured debt financing for their new venture. It will be interesting to discover when they realised they were going to be insolvent... and also whether the debt secured was given under any assurance that the company was operational.

They seem to be only good at burning through cash and paying themselves well for the privilege.

GLTA holders