Sunday, September 25, 2016 1:12:02 PM
I have also spoken with Bob Stillwaugh, and did my due diligence in the filings, website and internet. I am an investor in SIML and not the old company. The filings clearly demonstrate that the old company (Grid Petroleum) is 100% gone. No old management. No asset or debt left on the books. Just read the 8-K's !
I've spoken with only 3 of the SIML distributors who were kind enough to give me a positive reference on Stillwaugh and the products. I wanted to get a feel for the relationship SIML has with them before making an investment. I show that Bob Stillwaugh has 50 years in this business. He worked for the Grass Valley Group, now owned by Belden, and still in Grass Valley. He went on to co-found the ISIS Group, and he was instrumental in the design of all of their products. Some of the product IP was purchased when ISIS acquired Gramm Pattent Group. ISIS closed its doors in 2014 when Bob's other two partners passed away. He started RJM with Mike Schatz (a former employee of ISIS Group), and they sold the asset to SIML, and took over SIML. Bob has vision. He could see that there was value in the old products, relationships and new products to come.
The products they currently sell are old, but not obsolete. Apparently FiberGroup, Fox News and DirecTV still require them. SIML has upgraded most of their products to HD; and I know they have great relationships with the big studios and their long time distribution so they can launch the augmented/virtual products.
I'm just really happy to see some positive support for SIML. They've taken a beating on IHUB...for no reason.
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