Wednesday, June 24, 2015 1:53:43 PM
Scott's most pressing issue since inception was OBTAINING FINANCING. He has listed that in EVERY financial reporting he has tossed out along with several PR's & CC's. Just read the " fine print " at the bottom or buried in the text.
NO good SCAM can get off of the ground without some spare pocket change. Obviously the few URL's that he picked up helped to some degree with his ability to say " look what I have done " BUT obviously he made a HUGE MISTAKE with the HELLO project, the TV/Radio Ad Campaign and his Call Center follies! He spent THOUSANDS & THOUSANDS of shareholders money attempting to expand his credibility with the lending community BUT his GREED blew it right from the minute he obtained that financing. Heck, shareholders don't even know what the current balance is with his CREDIT LINE do we???? Last I heard he had taken about $1.5 MILLION of his $5M credit line. Anyone want to bet how much he is in debt for NOW???
TONS of debt, BILLIONS of shares printed, NO HELLO expansion as stated, NO Call Center(s) up and running as stated, NO TV/ Radio Ad campaign as pumped, NO NOTHING GOING ON as Scott has LIED to shareholders about everytning.......JMO, BUT when it is WORKING, shareholders find the PROOF in the PROFITS OF THE FINANCIAL REPORTING!
Ever since those issues and of course Mr. FIFE hitting the scene, Scott has only been doing DAMAGE CONTROL, RUNNING HIS PRINTING PRESS 24 X 7 X 365 and NOT talking straight with SHAREHOLDERS.
Now it seems Scott has broken 1 of the Cardinal Rules.......NEVER SCREW OVER YOUR ACCOUNTANT!!!
Obviously we all now see what happens when you do that. Scott is in TROUBLE and I seriously doubt that we will hear much more from him except some RS information due to a " magical " buyout offer that he will have........ya right!
Next step after that falls through will be the DEAR JOHN letter to SHAREHOLDERS explaining how sorry he is for letting everyone down due to " events beyond his control " ( such as his accountant issues, lack of leadership abilities and business acumen, etc. )!! Funny thing, I would like for Scott's reasoning behind how his accountant(s) could be held responsible for ANYTHING that he provided to them??? Their civic duty is to provide accurate accounts of the business dealings to the IRS that have been given to them by the business CFO ( AKA Scott G. )!
Well, IMHO......SEEK is under Scott's control. He IS NOT oing to SKATE OUT on SEEK as he did in his PREVIOUS COMPANY FAILURE. He is the OWNER/CEO/CFO. etc. of this less than stellar company. Some of the CON's that he has pulled are down right obvious like his share handouts for a fistful of bucks and 10X discounted shares to his cronies that he provided in his last financials. Just lots of DECEIT going on here for quite some time now.
Even most of his CC's and PR's are nothing but cleverly worded and manipulative share selling SCAMS!
Lots of issues going to be cropping up for good Ol' Scottie the rest of this year.......JMHO!
MY opinions are just that.......40+ years of trading experience and take it for what it is worth.
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