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So many lies…karma ✨
Lenders of a controversial loan to tech firm Altada were told the company was expecting to be sold in a $160m+ sale businesspost.ie/news/altada-lo…
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 ✨✨✨
Woah. Burn the creditors and move the assets to Malta businesspost.ie/news-focus/alt…
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/…
irishtimes.com
Altada directors warned of ‘exorbitant and punishing’ loan terms
Loan is subject of complex legal row after being challenged by Revenue
The payments "came at a time when Altada was making some of its own staff redundant due to financing problems" businesspost.ie/news/altada-ma…
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 @businessposthq businesspost.ie/news/altada-ma…
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 💰
Another twist and banger of a story about Altada in the @businessposthq tomorrow from @ChasTaylor and @LorcanAllen
Just an FYI as well as EI giving Altada €800k they employed them to be AI advisors!
Altada Directors alleged to have 'perpetrated fraud' over €500k loan businesspost.ie/tech/altada-di…
We’re really failing to talk about this more…
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-di…
Altada Directors alleged to have 'perpetrated fraud' over €500k loan businesspost.ie/tech/altada-di…
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/corporate…
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