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Thursday, October 20, 2011 9:53:53 PM
as I have no more information than you do on the matter.
My reasons guesses would consist of the following:
1. Ken was advised by his legal council to shut up as he was painting his way into a legal quagmire, what with all the promoting of this and that and the other thing along with all the folks who actually took their dollars and bought more shares of GRAFF when nothing has happened except that they have been parted from their money.
2. Another may be that the carpet got ripped out from under him so fast, what with the collapse of all the fantasies, that he is licking his wounds and hating shareholders as they know all too well what he said and when and that the fantasy house of cards all but fell apart. Lots of ego damage may be a good guess.
3. In being at all calculating, regardless of what has transpired, most certainly things appear to have changed while the rabbits are selling and appear to be holding the foundation of his aspirations together. Now he realizes that he must report facts and the facts will come as they may be correctly produced. Heck, may even have some accountability audited appropriately for presentation. Now wouldn't that just be something. Maybe credibility is on the horizon.
4. This idea is all about chaos theory, radical change, shareholders at risk, litigations possibly pending, the ugly of the ugly as decisions are made as to how the Graffiti rabbits and their earnings may be handled. Now, as all is a guess and speculation on my part in that is all I have to go on, I'm wondering about the real ownership of the Reader Rabbit product and sales. Many have commented on Ken's majority ownership and the likely hood of his going private and I have to tell you, the problem is that for all the BS that has been shared, no one is stepping up here with good answers. All we get is silence and perhaps a personal attack by one astute individual or another, but no answers. And that's that. Pathetic!
I'm certain that there may be other scenarios filled with there own speculations and half truths. But until we see verifiable proof that SDVI is still a viable company and that GRAFF earnings are being posted as such, the 10% or what ever, and GRAFF is really a public company with the stock having value or totally merged back into SDVI, we are totally in the dark and our investments here may appear to remain no more than a crap shoot. It will take some hard evidence to show otherwise.
Ken is the man and the future of both companies, whether merged or not, whether dissolved or not, whether successful or not, is totally in his hands. No one is getting phone or email or any kind of responses from him. Looks pretty dark to me for someone who may not have intended to deceive. But time will tell. In the mean time, good luck! While luck is not an investment strategy, it is all we may have at the moment to hope for.
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CHOOSE YOUR OWN COLOR
NOTE: IMO not intended as investment advice. Believe me.
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