But then OMG seemed to morph into RE OMG and did the drinks stuff too, until yesterday. Which I thought you couldn’t do, you can’t just move your stock and IP to another firm and carry on?
In my world of work (publishing) there’s a guy who for years has had an operating model whereby all the IP of his websites etc are held by a standalone holding company. He then sets up an operating company that buys a temporary licence to use said products and IP. The operating company runs up a VAT and PAYE debt that doesn’t trigger the threshold for a proper hmrc investigation (£300k apparently) at which point he liquidates it and the next day a new operating company appears. Apparently he pays his suppliers scrupulously.
He’s been doing it for years, through God knows how many iterations. Banned from being a company director until the end of time, but just finds proxies to act for him and carries on regardless. Must have saved millions over the years.
I agree that RE sounds like an investor scam. I can also see how the get money, put (some) of it into team. Agree separate deal for team to pay your separate consulting company half of that money in cash (or somesuch) could work. Team get sponsorship money, you get dosh through the backdoor to spend on male grooming products, investor gets a haircut
