Sunday, October 16, 2016 8:52:40 AM
Remember when everyone was claiming SFMIs fundamentals were improving?.... How about when these guys did this same casino deal with Parliaments/Julios side biz (Gametouch), under GHDC? Not only did it not live up to the hype, it cost the shareholders significantly... shareholders had to pay for these same machines TWICE, on top of paying Julios a bunch of stock to cancel the first deal.
We have not seen them do good for the shareholders yet, only themselves.... these machines have cost shareholders big time already, not only because of the multiple large stock payouts to buy the same machines TWICE, but also because they overpaid for them compared to what they could have gotten the same machines for from anyone other than the CEOs side interest... It sure is profitable when you can use other peoples money/equity to buy from yourself, eh?
Everything they have shown us only benefits them, not the common shareholders... only 1 buddy to buddy deal inked after 1.5 years and the OS is 400 million already. People would be wise to wait for the filing before they assume the fundamentals are improving.
PS: i didn't even mention their consistent lack of competency when it comes to accurate filings, following through on their over hyped business plan, failing paid promos, etc, etc... all the warning signs are glowing, just like they were on SFMI.
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and validation.
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