I believe I said in my last message that my last post would be my last, but I decided to mail in some questions to give Mr. Ruteledge and Mr. Roseberg a last chance. I told them both that I was not posting these questions publicly and giving them a chance to answer them first. These were the questions I emailed in:
1 - RIP Media has received over $558,113 of payments from the company listed as "participation fees". A quick google of RIP Media shows Scott Mitchell Rosenberg as the President and sole officer. Can you explain to us, the stockholders, these payments? Or the additional $347,500 currently carried on the books owed to RIP Media?
2 - Assignment & Collateral Holdings, LLC or ACH Holdings seems to be the majority stockholder these days, considering 1,005,426,136 warrants, previously given to Mr. Rosenberg as part of an extension of certain notes, seems to have been transferred to ACH. According to the last quarterly report, Mr. Rosenberg no longer has any financial interest in ACH. Strange, that, given that their Nevada Corp address is 2533 N. Carson Street in Carson City, NV. Mr. Ruteledge, PDOS' new president, has his offices at 318 N. Carson Street in Carson City, NV. Strange coincidence that the offices of an unrelated party would be blocks down the street from our new President. Can you please explain the relationship between Mr. Rosenberg, Mr. Ruteledge, and ACH?
3 - The transfer of those warrants from Mr. Rosenberg to ACH has made it so that Mr. Rosenberg no longer controls 30% or more of PDOS. According to our last quarterly, this means that PDOS no longer has an exclusive option over the Awesome Comics library, a large portion of the Platinum Library. Does this mean the upcoming Youngblood, part of the Awesome library, movie will no longer be a Platinum production? DID Platinum just lose a large chunk of it's library thanks to a little creative shuffling by the President and CEO?
All of these can be verified with a little googling and looking at the latest filings. None of these were addressed on the call, nor did I receive a private response, both of which I would have accepted as addressing shareholder questions.
Instead, and please anyone clarify this if I am misunderstanding it (I really hope I am), the call reported that they are creating ANOTHER corporate entity, transferring the IP to that company and then selling stock in THAT company in order to raise more funds? Please, someone, anyone, correct my understanding of that. My money would now seem to be sitting in a shell with millions of dollars in debt and nothing else.