Some context, not attempting to take away from the story: The people and companies in this post are all in Australia.
One other thing that interests me, the English Wikipedia page on Judo Bank (https://en.wikipedia.org/wiki/Judo_Bank) has an interesting note at the top: "This article may have been created or edited in return for undisclosed payments, a violation of Wikipedia's terms of use."
al2o3cr•45m ago
In July 2022 I stood down as the CEO of Black Hops.
Interesting way to characterize "was forced to resign" (see preceding post on that blog)...
Also "$10M value" seems debatable, given that it only liquidated for a third of that.
rcxdude•22m ago
Well, it sounds like he thought he was getting a deal of giving away his shares so he could keep his house. And in the end he lost both. But then, it seems like with the personal guarantee and the way the business went that guarantee was going to put him in the line for both anyway. Still a shitty way to go about it, especially if they're sidestepping protections that should prevent it.
CaliforniaKarl•3h ago
One other thing that interests me, the English Wikipedia page on Judo Bank (https://en.wikipedia.org/wiki/Judo_Bank) has an interesting note at the top: "This article may have been created or edited in return for undisclosed payments, a violation of Wikipedia's terms of use."