SCG Financial Acquisition Corp. (RMGN)

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http://www.dailydooh.com/archives/125907

I can only warn here everyone. RMG Networks CEO Robert Michelson can not create any growth any innovations any honesty. He can only cash in with 600.000$ salary each year for null achievements and for killing longterm shareholders life. He is selfregarding and sophomoric. My life changed completely after invested my money here 3 years ago. I live with welfare. I hate this incompetent arrogant willful lying CEO so much. That is the new America - a liar earns 600.000$ and the Board of Directors is not protecting us longterm shareholders. We are killed and they are rich.

RMGN CEO Robert Michelson @bmichelson1 1Q16 call: "I joined the company and was incentivized by two things. One was the company's position in a really interesting growth industry, and two, my ability to make a lot of money and not through salary bonus, but through equity. And for me – and I guess everyone wants to make a lot of money, but I want to be able to make millions and millions of dollars".

Crime! CFO Jana Bell is co-responsible for the lies.

RMGN CEO Robert Michelson @bmichelson1 in the 3Q16 call: "Right. Well, I mean, one of our roles is certainly – key role is to protect our stockholders and to generate the greatest long-term return and we believe the stock is incredibly underpriced today and are not a big fan of doing anything that's going to be dilutive. We have this as an option for the business. One of the things that – the good news when you grow rapidly is your revenues grow. The bad news is, is you need additional working capital. So there's that that's out there, which I guess could be a lot of different ways, but that’s out there.
As Jana mentioned, we have other potential needs as the Company grows, so we will be opportunistic. If we think there's a good reason to use the money, we would do that. But I think what's important to note is that in spite of this being a registration for $10 million, we have a physical limit based upon SEC rules and which as Jana indicated, it's less than $5 million, so we would not expect if we did anything for it to be anything near $10 million, obviously. If we did a raise, we certainly would want to do everything we could to protect our current shareholders and to put them in the best position to be able to participate so they wouldn't be dilutive".

The share imploded with over 90%. I lost all and this boy is rich with my diluted money. After the 3Q16 shareholders suffered 2 Dilutions and 1 revers split plus no growth, RMGN turnovers are shrinking.

That boy is so sick. Unbelievable that our Board is not protecting us. Missmanagement, willful criminal lies plus immoral enrichments and behaviours are so obvious.