George Palikaras@palikaras
Thinking back to 2023, from the day I was removed in mid-October to the December AGM vote, the company went through two CEOs, lost over 70% of its market value, and saw major contracts and deals either collapse or stall.
No business plan. No strategy shared.
Instead, highly dilutive capital was raised from sources that many in the market would recognize immediately as bad actors, despite multiple better alternatives being available.
I stayed publicly silent during that period. But privately, I was actively engaging, providing feedback, and making recommendations directly to the company.
At the same time, the Board, clearly in panic mode, made their position very clear to me.
I had a choice.
I could have taken the Board’s severance offer, roughly $700K, signed a two-year gag order, sold my shares ahead of the 100:1 reverse split, and walked away quietly with a few million in hand.
That would have been the easy path.
But I chose not to take it. And so did my family and my other co-founders Paul and Themos.
For me, integrity is not for sale. It never has been, and it never will be.
Others can decide what theirs is worth. $650K, $100K…or less. They know who they are starting with Mrs Spears.
For the record, at the 2023 time going into 2024 I was represented by three law firms across Nevada, Canada, and Nova Scotia, all paid personally, not by shareholders. Multiple demand letters were sent to address false statements and omissions. That is documented and in the trustees hands.
Also for the record, I have no NDA with the Trustee or any shareholder. I am not aligned to anyone’s agenda. I speak independently, and I act based on what I believe moves the truth forward. I am also a recognized creditor in the estate not trying to become one after the fact.
Had I taken the Board’s deal, this community would likely have received little to no information, and matters with the SEC could have been very quietly resolved.
Instead, I chose to fight for myself and for those who believe in me, because the underlying facts conflict with the narratives being pushed.
I am now building software designed to expose market structure and “plumbing” failures in cases like MMAT/MMTLP, so that what happened here does not happen to others again.
In the meantime, as both a major shareholder and a creditor, I would ask that those without standing stop consuming estate resources unnecessarily. If there are other motivations at play, it would be more honest to disclose them before they get revealed in a court of law.
And if the noise continues, people should start asking a very SIMPLE question:
who benefits from the DELAYS, and who is being paid to create them?
Integrity doesn’t get louder under pressure. It gets clearer.
My son turned 9 yesterday, thank you for all those who send wishes, have a blessed weekend, Monday is a big day and I may go live tomorrow to share some thoughts on the next few weeks ahead.
