Many deals that are aired on Shark Tank don’t actually go through or are re-negotiated following the presentation of the actual paperwork. I was very skeptical about the claims being made in the media that Mark Bajada is stupid enough to throw €1.5 million into developing a traffic application for use in Malta, and in fact he didn’t.
The company, Digital Traffic Brain, which the Nationalist Party dedicated a press conference to, isn’t even worth €100,000, and the shareholders haven’t even paid up the majority of their shares. Clearly, there was no €1.5 million investment and Mark Bajada is already demanding government support. Undoubtedly, his investment seems to be conditional.
He’s also a fan of Dollar-Store Nietzsche whom he describes as “a great philosopher”. Everything can be great with government subsidies, including a solar-panel business or an AI traffic app in Malta.
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