Thread regarding NEOS GeoSolutions layoffs

Massive fraud

Sounds familiar to our friends at neos -

“The Theranos story is an important lesson for Silicon Valley,” said Jina Choi, director of the SEC's San Francisco regional office. “Innovators who seek to revolutionize and disrupt an industry must tell investors the truth about what their technology can do today, not just what they hope it might do someday.”

The SEC alleges that Theranos misrepresented the capabilities of its proprietary technology and made misleading or exaggerated statements about the company's financial status and relationships with commercial partners.

Uh oh. Who ya gonna call when they come for you?

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| 2561 views | | 5 replies (last May 25, 2019) | Reply
Post ID: @OP+SdO8yCL

5 replies (most recent on top)

Let the lawsuits begin. Oligarch Rashid Sardarov sues Neos Chairman Jonathan Faiman for fraud.

https://www.standard.co.uk/business/ocado-rival-faced-claims-of-fraud-as-energy-firm-failed-a4149806.html

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Post ID: @71vvl+SdO8yCL

Does anyone have any information about what happened to Neos? I'm a journalist looking into it - seems to have sunk without a trace

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Post ID: @53vut+SdO8yCL

I still remember jonny coming to our office (the only time we saw him in three years) and declaring he was the world’s greatest disrupter and would use lessons learned disrupting the grocery business to disrupt the dinosaurs in the oil and gas and mining industries. How’d that turn out for ya, Mr Disrupter? The only thing you disrupted was the fun we were having working at neos

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Post ID: @2djr+SdO8yCL

Love that nxt has a management team of one according to there website - the CEO. If they merge with neos and eliminate one ceo they can double the management team to two!

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Post ID: @1cst+SdO8yCL

Then again, look at NXT Energy. Even worse than Theranos. NXT have been around for years and are publicly traded - makes you wonder whether anyone does any due diligence. I don't think the stock exchanges actually care until someone outside starts questioning - I mean c'mon, "stress field detection". Try asking a specialist whether it is legit instead of a fund manager...

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Post ID: @1hky+SdO8yCL

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