Posted On: 09/08/2014 9:47:03 PM
Post# of 45510
How would you know
How would you know how many complaints there are against the Company or Samblis? I thought that is priveliged. So, whatever you think you know about SEC investigations are not true and you are trying to hype things.
I do believe that the SEC is questioning the prior reports and, that the reason he has not filed the second quarter Q is because until the old accounting issues are addressed, he can not file the past due Q. I think a lot of this is due to his past association with Peter Messineo who is being looked at by the SEC due to his association with CYNK Technologies according to an article in the Wall Street Journal.
Personally, I bought this piece of shit figuring a little hype and I would more than double my money. If nothing happens. then I lose my money and offset it against my gains in Apple.
You can hype it all you want. This company is nothing but a shell,
It has over TWO BILLION FIVE HUNDRED THOUSAND shares outstanding, assuming the conversion of the preferred. To have even one penny of book value, it would need to have a net worth of Twenty Five Million Dollars. Dream on McDuff, that will not happen anytime soon as, it continues to lose money and, what Company with a net worth would merge with this loser company and have to have Steve Samblis as any kind of shareholder.
So there you have it. Lets see what Steven has to say. Chances are we will hear nothing. This is a disgrace of a Company which is led by an egomaniac who does not know how to lead a Company, execute a business plan or anything else other than have three reverse splits and create an employment contract which any independent board would have said no way Jose.
The one thing Samblis knew was because this was such a cheap stock and no one had that much invested, and the Company had no assets even in the best of times, the chances of any attorney ever wanting to do a class action suit was non-existent because what would the plaintiffs get...nothing because I doubt there was ever D&O insurance. If the plaintiffs get nothing, the attorneys get nothing.
So, no decent attorney is going to bother going after this Company regardless of the misleading pr's, errors in the financials or any acts done by management.
I only hope I see one pop and after that, the SEC closes down all these companies that are nothing more than cash cows for the majority owners and their mafia type lenders.
How would you know how many complaints there are against the Company or Samblis? I thought that is priveliged. So, whatever you think you know about SEC investigations are not true and you are trying to hype things.
I do believe that the SEC is questioning the prior reports and, that the reason he has not filed the second quarter Q is because until the old accounting issues are addressed, he can not file the past due Q. I think a lot of this is due to his past association with Peter Messineo who is being looked at by the SEC due to his association with CYNK Technologies according to an article in the Wall Street Journal.
Personally, I bought this piece of shit figuring a little hype and I would more than double my money. If nothing happens. then I lose my money and offset it against my gains in Apple.
You can hype it all you want. This company is nothing but a shell,
It has over TWO BILLION FIVE HUNDRED THOUSAND shares outstanding, assuming the conversion of the preferred. To have even one penny of book value, it would need to have a net worth of Twenty Five Million Dollars. Dream on McDuff, that will not happen anytime soon as, it continues to lose money and, what Company with a net worth would merge with this loser company and have to have Steve Samblis as any kind of shareholder.
So there you have it. Lets see what Steven has to say. Chances are we will hear nothing. This is a disgrace of a Company which is led by an egomaniac who does not know how to lead a Company, execute a business plan or anything else other than have three reverse splits and create an employment contract which any independent board would have said no way Jose.
The one thing Samblis knew was because this was such a cheap stock and no one had that much invested, and the Company had no assets even in the best of times, the chances of any attorney ever wanting to do a class action suit was non-existent because what would the plaintiffs get...nothing because I doubt there was ever D&O insurance. If the plaintiffs get nothing, the attorneys get nothing.
So, no decent attorney is going to bother going after this Company regardless of the misleading pr's, errors in the financials or any acts done by management.
I only hope I see one pop and after that, the SEC closes down all these companies that are nothing more than cash cows for the majority owners and their mafia type lenders.
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