3-Aug-07 16,650 YTBLA.OB Sale at $8.48 - $8.48 per share.On October 1, 2008, Michael Brent sold 16, 667 shares of his YTB stock:
(Proceeds of about $141,000)
1-Oct-08 16,667 YTBLA.OB Sale at $0.60 per share.This is the stock of a company that:
(Proceeds of $10,000)
- Claims they are poised to take over the travel world
- Is supposedly ranked #26 according to Travel Weekly
- Is facing a $25M lawsuit from the California Attorney General
- Is undergoing an investigation from the Illinois Attorney General
- Has seen a rapid exodus of RTAs and Reps
- Has lost their IATAN accreditation
- Has been "fired" by several vendors
- Has many complaints from the BBB
- Is mired in all sorts of insider deals
- Paid $6M (or maybe it was $8M, or maybe it was $2M) for a foam statue that no one wants
- Encourages deceptive recruiting, or at least looks the other way--Seligman anyone?
- Pays their average RTA slightly more than $100 a year
- Pays their average Rep less than $100 a year
- Collects 74% of their income from recruiting
- Claims they are not a pyramid scheme
Hmm..did I forget anything?
Blah, blah, blah, blah
ReplyDeleteFireman..so, when the guy who essentially developed your technology, and is the single largest shareholder in your company decides to jump ship and takes a bath in stock due to the mismanagement of the company, the best you can do is
ReplyDeleteblah, blah, blah? Here is a novel idea--why not post something intelligent for a change. Maybe explain why you feel that this is not a red flag. WHy this is a good thing.
Wow, Fire....great way to try and refute the facts.
ReplyDeleteJohn-You forgot 2 LARGE class action lawsuits and 1 federal suit.
ReplyDeleteJohn, it's hard for people like firemedic to think of a reasonable reply with their heads stuck so far up their ass.
ReplyDeleteNo Kate, it's the same old talking points day after day. Same old accusations of court cases yet nothing as been proven. Same old, same old. Of course you all have a hayday day after day on the same stuff so have at it and enjoy.
ReplyDeleteFire, may be the "same old talking points day after day", yet not one person from ytb has yet to refute them. Wonder why that is? Could it be because they're the truth, and you can't refute the truth? If anything were incorrect, I'm sure you would have taken the time today to point out which, and where we could find the correct information, however you didn't. That's because John has listed the CORRECT information. How's them sour grapes tasting right about now?
ReplyDeleteFiremedic if you don't like what's being posted here don't let the door hit you in the ass....
ReplyDelete