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Posted: Sun Jun 28 Post subject: Robert Stanley Lott - DNC Multimedia
This company was grossly mismanaged by CEO Robert Lott, Palo Alto, CA.
In late 2007, Lott made bold claims that DNC would generate $100M in revenue in 2 yrs. In the summer of 2008, he left the company, unannounced, after he could not obtain financing to sell the company's products. In Dec. 2008, the company filed Chapter 11 bankruptcy in the Southern District of FL. Shareholders never knew until it was too late.
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