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2.) Bought assets such as VO Group, EasyBets and Hooball to give bump to the stock. These acquired assets were perceived as reasonable value by the shareholders and advisors at the time of the transactions but after closing on the deals Carruthers blocked attempts by his management team to fully integrate and control them thus failing to achieve the best value for shareholders.
3.) Siphoned money out of deals into his own pockets which in hindsight seems to be the real reason for the acquisitions in the first place. Point-Spreads.com sources in Costa Rica indicate that several shell entities controlled by David Carruthers were used to pay out ad deals and to settle financial matters of subsidiaries of BETonSPORTS.
Where does this info come from?
The rest is opinions, a slant on what happened. Some of it is techniques commonly employed by public companies.
This sounds like a disgruntled BOS employee.
