Before Communiclique was exposed as a giant Ponzi scheme, the company Andy Powers and Ram Reddy were telling anyone who would listen that it was a Billion Dollar Unicorn. Now we know it is practically worthless. A group of investors recently won a judgment to put the company in receivership. The Bankruptcy lawsuit shed light on the murky details of this company (first story on this dumpster fire company and Andy Powers here) Here are just a few facts recently made public thanks to the bankruptcy proceedings.
The Cap Table and how much each investor would have realized if the company exited at a billion dollar valuation.
Shareholder
Shares
Percentage
Value
Empower LLC/Andy Powers
6,389,000
27.61%
$ 276,149,974
Srin Reddy
5,000,000
21.61%
$ 216,113,612
Devasena Reddy Irrev Trust 1
2,042,687
8.83%
$ 88,290,493
Parva Reddy Family Trust 2
2,042,666
8.83%
$ 88,289,586
Parva Reddy Family Trust 1
1,242,750
5.37%
$ 53,715,038
Ram Reddy
720,000
3.11%
$ 31,120,360
Jason Donahue Trust
526,000
2.27%
$ 22,735,152
Kamakshi Radha Reddy
500,000
2.16%
$ 21,611,361
Jai Gupta
476,191
2.06%
$ 20,582,271
Jason Donahue IRA
400,000
1.73%
$ 17,289,089
New Angel Capital LLC
333,334
1.44%
$ 14,407,603
Diwakar Nagula
272,728
1.18%
$ 11,788,047
Sam Medile
260,000
1.12%
$ 11,237,908
Tim Gentry
250,000
1.08%
$ 10,805,681
Federal Express Investments
238,096
1.03%
$ 10,291,157
Barique Holdings
173,612
0.75%
$ 7,503,983
Most Holdings
152,000
0.66%
$ 6,569,854
Justin Connor
120,000
0.52%
$ 5,186,727
Janardhan Nukalapati
100,000
0.43%
$ 4,322,272
Ram Gupta
100,000
0.43%
$ 4,322,272
Tim Lee
90,000
0.39%
$ 3,890,045
Seetaramayya Nagula
90,000
0.39%
$ 3,890,045
Andrew Schwartzman
89,960
0.39%
$ 3,888,316
Gemma Medile
80,000
0.35%
$ 3,457,818
Stephen Clune
80,000
0.35%
$ 3,457,818
Satish Nagula
68,183
0.29%
$ 2,947,055
Kishor Nagula
68,183
0.29%
$ 2,947,055
Chuckie Reddy
60,000
0.26%
$ 2,593,363
John Carleton
55,753
0.24%
$ 2,409,796
Shapur Bashar
53,334
0.23%
$ 2,305,241
Shankar Ram
50,000
0.22%
$ 2,161,136
Robert and Carole Donahue Family Trust
50,000
0.22%
$ 2,161,136
Dean Catino
45,000
0.19%
$ 1,945,023
Carolyn Lee IRA
43,333
0.19%
$ 1,872,970
Ashok Patel
43,000
0.19%
$...