Proving what we’ve said ALL ALONG, shady people = shady business. If you’re worried about ‘making a living’ imagine the months of turmoil you put so many families through without paychecks & lies of new investors. KARMA ✨✨✨
The directors were also told that “Altada also currently does not have any contracts signed with customers” and that it should be considered in light of Altada’s “ability to repay”.
"If you proceed without consent you do so on risk to Altada and yourselves as directors (eg Altada sued for breach of contract, action for shareholder oppression, personal liability to each of you as directors of the company for your debt.”
irishtimes.com/business/2023…
Altada, the Cork-tech firm, made almost €27,000 in payments to a private school in Cork last year at a time when it was letting staff go & cutting wages for others. Full story by @ChasTaylor & myself in today’s @businessposthqbusinesspost.ie/news/altada-…
Want to know what is happening in Irish #tech?
@businessposthq has the top stories, including:
- Altada paid 27k to staff at private school
- Central Bank still unhappy with EML
- Big interview with the founders of HoloToyz
- Sexism still thriving in tech, survey finds (1/2)
I remember this as an employee. The rumor mill was flying & our jobs were on fire. Another example of supreme insanity & stupidity…or what’s the word…fraud? Again?!
They were paying themselves quite a lot, why not use your own 💰
Trinity really have questions to answer about their enrapturement with Altada. That €250k was never given to the winner and they were told not Trinity's problem and to take it up with Altada.
The directors of Altada perpetrated fraud when the company drew down a €500k loan in September 2022 without securing the prior consent of shareholders, the company's liquidator has alleged. Full story by @ChasTaylor & myself on @businessposthq now
businesspost.ie/tech/altada-…
Exclusive: the state’s corporate crime watchdog has commenced an investigation into Altada, the technology firm, over allegations of company law and fraud offences. Story by @whytebarry. @LorcanAllen and myself businesspost.ie/tech/corpora…
No integrity, pathological liars, one every bit as bad as the other, they really should be in jail, there must have been laws that have been broken here. @damienmulley @ZingarettiGabe @Serval_bytes@GregCantyFuzion @DeirdreOCall @ChasTaylor