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Simlatus Corporation (SIMLD)

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Last Post: 7/27/2016 6:24:33 PM - Followers: 407 - Board type: Free - Posts Today: 32


 



     

 

The company has a current expanding revenue base in the broadcast industry with long-term national and international distribution. The current customers of our products include large broadcast giants such as CBS, NBC, ABC, FOX, ESPN and DIRECTV, plus the many smaller broadcast customers which include religious facilities, international broadcast facilities and colleges, as well as various radio stations. The new product designed in augmented/virtual reality markets allow the company to capitalize in this $120B growing industry.
Grid Petroleum Corp. announces today the recent sales of their broadcast equipment and recent quotes for future purchases from the US Navy and additionally one of their Hong Kong distributors, totaling approximately $60,000.

These are $2,700 systems used as broadcast transfer protection switches. Our California based Ensemble Designs Inc. purchased 25 Analog Audio DA units and they continue to support our products on a regular basis." Mr. Schatz further stated, "We have been asked to quote some of our distributors who are handling government based sales, and the US Navy requested a quote worth $49,000 for the purchase of 40 Innovation 16X1 Relay Modules and 40 Innovation 16X1 X-Y 1RU Control Panels. Our Arizona based distributor, PreCo, purchased our 4 Channel AES Audio Delay; while we quoted our Hong Kong distributor, MediaTech International Ltd., for our 16X16 Analog Video Stereo Router at $6,975 each, 16X16 Analog Stereo Audio 1RU at $3,475 and 10 smaller systems including various remote control panels."
Grid Petroleum Corp. has recently purchased the $6.2M RJM asset of broadcast equipment technology and appointed Robert Stillwaugh as its new Chairman, Gary Tilden as Chief Executive Officer and Mike Schatz as Chief Operations Officer as a part of acquiring the assets of RJM and Associates LLC, and pursuant to the Form 8-K filed on March 10, 2016. RJM and Associates, LLC has developed, manufactures, markets and owns proprietary advanced broadcast equipment and software and sells this audio and video broadcast equipment worldwide. These systems have been sold worldwide over the past 15 years including some of the major world dominant broadcast companies such as CBS, FOX, NBC, ESPN, ABC and DirecTV.



(Simlatus Corporation) -- has recently announced that is has filed an 8K today referencing the successful negotiations with various note holders to extinguish toxic notes carried on its balance sheet.

The company filed an 8K today detailing the removal of toxic debt sitting in its balance sheet. There were another $32,980 in notes that were extinguished and removed from the balance sheets this week. This action eliminated the possibility of converting more than 650,000,000 free trading shares into the market. The company will file an 8K next week referencing the remaining notes and balances.

The company is renegotiating to restructure a note with Black Bridge Capital so that there is no toxic conversions in the future. This will be disclosed next week.

The company filed its DEF14C on April 21, 2016 regarding its name change to 'Simlatus Corporation'.

On March 9, 2016 the company appointed Robert Stillwaugh as its new Chairman, Gary Tilden as Chief Executive Officer and Mike Schatz as the Chief Operations Officer as a part of acquiring the assets of RJM and Associates LLC, and pursuant to the Form 8-K filed on March 10, 2016. RJM and Associates develops, manufactures, markets and owns proprietary advanced broadcast equipment and software and sells this audio and video broadcast equipment worldwide through their distribution network. These systems have been sold for over the past 15 years to some of the major world dominant broadcast companies such as CBS, FOX, NBC, ESPN, ABC and DirecTV.

This transaction has allowed the company to acquire existing revenues and an asset worth $6.2M. All operations will be held at the existing corporate facility located in Grass Valley, California. This northern California facility is in the historic digital media hub of the world and an extension of the Bay-Area/Silicon Valley's tech system where Apple, Google and Yahoo reside.

The company is now designing and planning to manufacture high-tech Augmented Reality/AR and Virtual Reality/VR products. Upcoming Augmented Reality devices which combine virtual objects with the real world through high-tech glasses, are forecast to become a $120 billion business by 2020, according to a new report from Digi-Capital. The Virtual Reality business will generate $30 billion business during the same five year span. The most recent statistics indicate that both the AR and VR markets will become mainstream by 2020. In today's $88.4 billion global video game landscape, the PC, console, and mobile industries all thrive. AR and VR hardware, games and apps are poised to become part of this growing ecosystem in the coming years. Our company, and our strong established relationships in the industry, will be a major competitor in this new industry. The existing relationships that the company has developed will ensure rapid and extensive distribution and utilization for our products.

 


 

 

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GRPR News: Statement of Ownership (sc 13g) 04/27/2016 04:51:40 PM
GRPR News: Current Report Filing (8-k) 04/26/2016 02:35:03 PM
GRPR News: Current Report Filing (8-k) 04/22/2016 02:54:45 PM
GRPR News: Information Statement - All Other (definitive) (def 14c) 04/21/2016 05:27:34 PM
GRPR News: Current Report Filing (8-k) 04/06/2016 05:06:40 PM
PostSubject
#44261  Sticky Note Ah, the good old days stockmasterflash 07/15/16 05:05:56 PM
#44198  Sticky Note It's a 1000:1 Reverse Split. No matter how Civicbird 07/08/16 12:22:04 AM
#44148  Sticky Note Looks like a 1-1000 RS to me #1 PATRIOTS_RSOX FAN 06/28/16 03:21:23 PM
#44424   I wish I was able to sell my Civicbird 07/27/16 06:24:33 PM
#44423   I can't even sell my 11,800 POS shares Civicbird 07/27/16 06:01:52 PM
#44421   So they're converting shares at a tenth of star-lord 07/27/16 05:01:10 PM
#44420   No, that's not what was pointed out stockmasterflash 07/27/16 04:26:33 PM
#44419   Trading is not halted, but your converted shares Nistel 07/27/16 04:25:42 PM
#44418   Who's selling for 1 cent? I thought trading star-lord 07/27/16 04:22:33 PM
#44417   Well ETRADE charged me $20 yesterday and today Txsbossman 07/27/16 03:27:40 PM
#44416   Guess your amount of shares in portfolio as well. Nistel 07/27/16 02:53:05 PM
#44415   ask looks thin Rainer 07/27/16 02:48:28 PM
#44414   SIML financials. $2M in interest expense???? bucks2pennies 07/27/16 02:42:37 PM
#44413   There goes are value, typical on a RS... zigland 07/27/16 02:33:12 PM
#44412   I wonder if SIML could get into the Trueheart 07/27/16 02:20:08 PM
#44411   SIMLD .01 -80% ? Rainer 07/27/16 01:55:03 PM
#44410   Yep..just a broken Fullokrap ATM machine. kennypooh 07/27/16 01:14:52 PM
#44409   More like 99.999% Nistel lol Guynms26 07/27/16 01:08:24 PM
#44408   I had 9,000 shares after the first R/S Guynms26 07/27/16 01:07:54 PM
#44407   You have odd math skills, you should have Box Money 07/27/16 12:57:49 PM
#44406   How are you going to make up for Nistel 07/27/16 12:44:32 PM
#44405   Yeah that's an expensive lesson learned that way. Nistel 07/27/16 12:42:54 PM
#44404   I wonder how many more orders there are Trueheart 07/27/16 12:27:10 PM
#44403   total POS theDolphin 07/27/16 11:56:53 AM
#44402   Anyone still in doubt stockmasterflash 07/27/16 11:55:06 AM
#44401   I was wondering about that? kennypooh 07/27/16 11:09:47 AM
#44400   So I went from having 9,000,000 (9 million) Guynms26 07/27/16 10:56:17 AM
#44399   I'm conflicted. Trueheart 07/27/16 10:53:53 AM
#44398   nice range, jeez!! 0.008 x30,000 0.048 x25,300 theDolphin 07/27/16 10:24:51 AM
#44397   I think you have some difficulty recognizing sarcasm :-) Nistel 07/27/16 09:30:33 AM
#44396   Do you always change your stance as it Civicbird 07/27/16 09:23:32 AM
#44395   0.0001 Tonyeight 07/27/16 09:10:55 AM
#44394   Regarding pulling she wool over your eyes, never Trueheart 07/27/16 12:26:05 AM
#44393   No, a share buyback would've been the responsible Civicbird 07/27/16 12:20:01 AM
#44392   You are unbelievable. You do realize our share Civicbird 07/26/16 11:06:33 PM
#44391   Well, let's all try to remember that the Box Money 07/26/16 10:20:58 PM
#44390   Sure dilution will start soon, printing press be #1 PATRIOTS_RSOX FAN 07/26/16 10:01:53 PM
#44389   Good. I'll buy more. trackkwizzard 07/26/16 09:58:13 PM
#44388   You're lucky you don't have any "series B DFDBTB 07/26/16 06:04:14 PM
#44387   Kenny, need to ask a question? stockmogal 07/26/16 05:16:42 PM
#44386   The "D" stays on until 8/22/2016 stockmogal 07/26/16 05:08:23 PM
#44385   Nice comeback although the volume was anemic. Trueheart 07/26/16 05:02:47 PM
#44384   And another insult on top of all this. LCRG6215 07/26/16 04:04:52 PM
#44383   TD charge me 30.00 for RS TheBullman 07/26/16 04:02:38 PM
#44382   Way to go management.... A completed $50k order LCRG6215 07/26/16 04:02:15 PM
#44381   Ya. Guess I'll hold my 4000 shares I Txsbossman 07/26/16 03:23:37 PM
#44380   Man, what a mess, glad I didn't have much Box Money 07/26/16 02:40:26 PM
#44379   LOST IT ALL TO DUMPSTER GOODBYE Tonyeight 07/26/16 02:21:06 PM
#44378   And it's down on such teeny-tiny volume. Trueheart 07/26/16 02:17:33 PM
#44377   OUCH!! This could be trips by EOW, OUCH #1 PATRIOTS_RSOX FAN 07/26/16 01:48:35 PM
#44376   You will not. I'm out over $500 'cause DFDBTB 07/26/16 01:02:42 PM
#44375   more debt gone,,happy happy happy Yukon 07/26/16 12:53:32 PM
#44374   Had 4 million shares at 0001. Bet I Txsbossman 07/26/16 10:58:08 AM
PostSubject