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RE: Banx was definitely a scam
Sounds to me that he means until they get enough runway to get more operations turning a profit to pay profits from. You can read into anything from snippets of conversation . During that time it could be some businesses had some profit, just not the kind of profits people were wanting.
Well, we could easily see what the truth is if Lyford would publish the accounting books.
he never will, they don't exist, the surest sign of fraud & embezzlement
It's not like if there were not many other elements that are consistent with my interpretation of this "snippet of conversation".