DISMAL NUMBERS Billy Bob????
IMHO with what we have all witnessed to date, one can only refer to SEEK as a " on the verge of being BANKRUPT " entity!!!!
Other than this outlay of cash going on..... " Note payable to CMS Domains, monthly payments of principal through October 1, 2014 of $45,000 monthly payments of principal through October 1, 2015 of $30,000, balloon payment due October 1, 2015 of $250,000. ",......... Scott is using his PRINTING PRESS to solve the remaining payments for the BULK of his debt per HIS contracts.
I would even QUESTION Scott's ability to make those monthly payments through October 1, 2015 OR the $250K BALOON PAYMENT. I would suspect more CASH from Fife hitting the coffers and SEVERAL MORE MILLION SHARES hitting the books.
SEEK will be out of business ( or bought out at pennies on the dollar ) within a very short period of time ( possibly this year) by doing FUZZY MATH TACTICS like Scott is doing. Anyone that can read a balance sheet should be very able to see EXACTLY what is and has been going on here for months and months now. The SHARE STRUCTURE explains it ALL!
This is totally a SCAM being perpetuated by Scott and his " hip pocket " cronie(s)........plain and simple!!
Billy Bob........did you look at the INCOME?? Same as last year isn't it!! Those numbers prove one thing.....Scott has about 1-200 actual paying customers, the SAME that he had last year ( per his numbers )! Obviously the CALL CENTER(s) are NOT being utilized and obviously they are NOT making any money as Scott intended them to do.
Anyone want PROOF, just pop in the front door in NJ or FL and I suspect ( if the doors are not locked ) their will be ONE person at each location.
I have taken Scott's 2014 ( audited ) AND 2015 Q1 ( un-audited ) filings, cut and pasted the links to them into a Whistleblowers WEB site document and have ask them some SERIOUS QUESTIONS as to the MANIPULATION going on here with that printing press in Scott's basement!
Just TOO MANY coincidences with FLUFFY PR's ( paying down debt, share buy backs, etc. NOT happening ), MAJOR EVENTS that were SUPPOSED to happen ( TV/Radio Ad Campaign, etc. ) that ended up being a ONE WEEK event and a handful of OTHER pressing issues that are NOT being addressed.
When CEO's toss out these GIMICS TO SELL SHARES and DON'T follow through with them, that sends a big RED FLAG to any agency looking for these investor TRAPS!
They do NOT respond directly to ANY investor or shareholder so we will just need to see what happens in the future. I for one am DONE playing Scott's little FREEBIE give away to HIS select FEW who have CASH in hand for some CHEAP shares and then SELL THE SHAREHOLDERS DOWN THE RIVER in a month or two later!
Hope we get a good LEGAL EAGLE with the SEC & IRS looking at some of Scott's " unique " financial ASSISTANCE program & procedures for those SELECT FEW.
Something here has a DISTINCT SMELL to it......... JMHO!
MY opinions are just that.......40+ years of trading experience and take it for what it is worth.
