Aug. 4 at 11:01 PM
$GRRR
Global Edge is the main financier behind ONE Amazon. Renato Costa (pictured below with Jay in March) is the CEO and founder of Global Edge
Renato Costa has a history of being sued multiple times in Brazil for embezzlement, bouncing checks, and start-up fraud
The linked story below discusses the Supercana project, which was a highly publicized but failed mega-investment initiative in Brazil led by Renato Costa, Global Edge, BrazilInvest, and ADIG (all the same backers of ONE Amazon).
The plan promised
$30B USD in investment into Brazil. Several entrepreneurs say they were approached by Costa with promises of opportunity/funding/revenue. They were then asked to pay upfront fees/investments into the initiative. Afterwards, Costa disappeared and no capital ever materialized.
If you do research, this seems to be a pattern going back years.
Today, we have Costa promising
$100B to ONE Amazon and telling Jay he’ll get 30% of that in revenue.
We also have Gorilla admitting they’ve made an investment into ONE Amazon via giving Global Edge money.
If Global Edge has
$100B+ in funding, why do they need money or an upfront investment from us? How big was this investment we made? Why did we have cash, and then we didn’t and had to do an offering? Did we do an offering to help “invest” even more money into ONE Amazon?
I like Jay as a human being - my concern more so lies in the idea that Jay and Gorilla are getting scammed in a historical pattern of startup fraud committed by Costa and, thus, Gorilla shareholders are getting scammed too
If the mid August news is progress made with ONE Amazon and no progress made with any government contract, that will be extremely bearish for me
All just my opinion and speculation, but if you actually do research into ONE Amazon and Renato Costa, there is no absence of red flags IMO
https://investnews.com.br/negocios/socios-de-eike-batista-na-supercana-colecionam-promessas-bilionarias-e-cheques-sem-fundo/
