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SGMZ revoked:
https://www.sec.gov/litigation/admin/2017/34-81846.pdf
SGMZ SEC Suspension for delinquent Financials/Filings:
https://www.sec.gov/litigation/suspensions/2017/34-81215.pdf
Order:
https://www.sec.gov/litigation/suspensions/2017/34-81215-o.pdf
Admin Proceeding:
https://www.sec.gov/litigation/admin/2017/34-81216.pdf
$SGMZ: Chandran charged with FRAUD
https://www.streetinsider.com/Corporate+News/FreeviSungame+%28SGMZ%29%2C+CEO+Neil+Chandran+Charged+with+Fraud+-+NY+AG/12627709.html
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Freevi/Sungame (SGMZ), CEO Neil Chandran Charged with Fraud - NY AG
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Attorney General Eric T. Schneiderman announced today the unsealing of a multi-count indictment charging Freevi Corp., d/b/a Sungame Corp. (“Sungame”), and former Sungame Chief Executive Officer Neil Chandran in an alleged scheme to steal hundreds of thousands of dollars from unwitting investors by soliciting investments in computer tablets which supposedly were able to display content in 3D. Sungame is a publicly-traded Las Vegas, Nevada-based technology firm trading under symbol “SGMZ.' (OTC: SGMZ).
Chandran’s alleged scheme brought in hundreds of thousands of dollars from a single victim in 2014 alone, resulting in a Nassau County grand jury indicting Chandran on felony charges of Grand Larceny and Forgery, as well as securities fraud under the Martin Act. If convicted, Chandran faces up to 15 years in prison. The Attorney General’s investigation into Chandran’s potential theft of millions of dollars from dozens of other victims throughout New York State is ongoing.
“New Yorkers should not have to worry that their investments are being used to fund elaborate securities fraud schemes,” said Attorney General Schneiderman. “My office will vigorously pursue those individuals and corporate entities whose greed threatens the fairness, order, and efficiency of the markets.”
According to statements made by the prosecutor at arraignment, beginning on or around July 1, 2013, and continuing through to the present, Chandran induced unsuspecting investors into agreeing to purchase Tablets at $1,000 per unit with the promise that the full purchase price would be returned in the form of a no-risk rebate typically within several weeks of purchase (the “Investment”). In addition, Chandran further incentivized investors by offering both a so-called “education grant” consisting of 50% of the purchase price as well as the opportunity to allow Sungame to buy back the Tablet, who would thereafter resell it, and remit the profits to the investor. Accordingly, Chandran represented that every $1,000 Tablet purchase would entitle an investor to: (1) a full return of their investment principle; (2) an “education grant” equal to 50% of their investment; and (3) the option to either keep the Tablet or receive the profit once Sungame re-sold it to an end-user.
However, also according to statements made by the prosecutor at arraignment, the overwhelming majority of these investors received neither their return of investment capital nor their profit, as promised. Instead, their investment capital was allegedly utilized by Chandran for the undisclosed and improper purpose of artificially inflating Sungame’s publicly-reported corporate earnings, funding the manufacture of additional Tablets so as to promote the investment to yet more unwitting investors, to repay those investors who had previously provided investment capital, and for the improper and undisclosed purpose of paying Chandran’s personal and corporate liabilities.
In August 2014, when Sungame’s over-inflation of reported corporate earnings came to light, Sungame’s stock price plummeted from a high of approximately $35.00 as of April 2014 to $1.50 per share in November 2014. Sungame stock is currently valued at approximately $0.07 per share.
The indictment unsealed today involves a single Nassau County, New York resident who was introduced to Chandran and his investment opportunity during the winter of 2014. Based upon alleged misrepresentations made by Chandran, the investor made an initial investment of $400,000 in April 2014 and a subsequent $66,000 investment in August 2014. In an effort to pacify the investor, Chandran is alleged to have presented the investor with a fraudulent stock certificate purporting to show an ownership interest in a corporation that had ceased to exist almost two years prior to the date of issuance. To date, the investor has received no return of his investment.
Chandran and Sungame are both currently charged with two counts of Grand Larceny in the Second Degree (a Class “C” Felony) and one count of Securities Fraud under the Martin Act (a Class “E” Felony); Chandran is also charged with one count of Forgery in the First Degree (a Class “C” Felony) and one count of Criminal Possession of a Forged Instrument in the First Degree (a Class “C” Felony).
Chandran was apprehended at the Los Angeles County Airport by U.S. Customs and Border Patrol personnel after returning to United States from Hong Kong. Chandran, 45, and Sungame were arraigned today in Nassau County Supreme Court before the Honorable Judge Meryl Berkowitz. Bail for Chandran was set at $1 million bond or $500,000 cash. The charges against the defendants are allegations and they are presumed innocent until proven guilty in a court of law.
In addition to the crimes charged in Nassau County, the Attorney General’s investigation into Chandran’s activities has also uncovered evidence of other alleged criminal conduct in other regions of New York State and elsewhere. Anyone who believes that they may be a victim of this scheme is urged to contact the Attorney General at 212-416-8731. The charges are merely accusations, and the defendants are presumed innocent unless and until proven guilty in a court of law. Attorney General Schneiderman thanked the Office of the Nevada Attorney General for their valuable assistance on this investigation, including Criminal Investigator Todd Grosz, as well as the Los Angeles Police Department. The OAG investigation was conducted by Investigators Brian Metz and Ryan Fannon. The Supervising Investigator is Sylvia Rivera and the Deputy Bureau Chief is John McManus. The Investigations Division is led by Chief Investigator Dominick Zarrella.
The case is being prosecuted by Assistant Attorney General Robert Miller of the Attorney General’s Criminal Enforcement and Financial Crimes Bureau, with the assistance of legal analysts Elizabeth Rodgers and Sloane Forbush. The Bureau is led by Acting Bureau Chief Stephanie Swenton.
$SGMZ
Some good sounding stuff here but the company went dark on reporting despite supposedly getting a $50m investment. Any clue as to what is going on?
Any idea on upcoming catalysts?
$SGMZ recent news/filings
bullish
## source: finance.yahoo.com
Tue, 21 Jul 2015 19:39:35 GMT ~ SunGame Corporation Announces Marketing Joint Venture With Local Exclusive Offers LLC (LEO App)
[Marketwired] - SunGame Corporation announced that it has reached a joint venture marketing agreement for its vidirectory.com product with LEO, Local Exclusive Offers, which is currently in a joint venture marketing agreement ...
read full: http://finance.yahoo.com/news/sungame-corporation-announces-marketing-joint-193935073.html
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Tue, 21 Jul 2015 17:05:43 GMT ~ SunGame Corp Announces 10 "Founding" Winners of the Freevi.com World 3Developers Challenge #W3DC
[Marketwired] - SunGame Corporation announced today the winners of the World 3Developers Challenge, a 6 month competition for game developers to create stereoscopic 3D games and apps for the Flightdeck brand of glasses-free ...
read full: http://finance.yahoo.com/news/sungame-corp-announces-10-founding-170543697.html
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Tue, 07 Jul 2015 20:02:54 GMT ~ SUNGAME CORP Files SEC form 8-K, Change in Directors or Principal Officers
read full: http://biz.yahoo.com/e/150707/sgmz8-k.html
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Tue, 19 May 2015 13:00:00 GMT ~ "New To The Street" Announces Line-Up for Next 2 Airings in Top 5 Markets
[Marketwired] - "New To The Street" will be broadcasting its latest show in the top 5 markets, New York, LA, Philadelphia, Boston and Miami, the week of May 26, 2015, reaching 75 million households.
read full: http://finance.yahoo.com/news/street-announces-line-next-2-130000262.html
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Thu, 30 Apr 2015 15:28:13 GMT ~ SunGame Corporation Secures $50M USD Investment Commitment From Schneider Brothers and Partners
[Marketwired] - European private investment house, Schneider Brothers and Partners has signed a share purchase agreement to invest $50M USD in SunGame Corporation during a period of one year.
read full: http://finance.yahoo.com/news/sungame-corporation-secures-50m-usd-152813698.html
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$SGMZ charts
basic chart ## source: stockcharts.com
basic chart ## source: stockscores.com
big daily chart ## source: stockcharts.com
big weekly chart ## source: stockcharts.com
$SGMZ company information
## source: otcmarkets.com
Link: http://www.otcmarkets.com/stock/SGMZ/company-info
Ticker: $SGMZ
OTC Market Place: OTC Pink Limited
CIK code: 0001462506
Company name: Sungame Corp.
Company website: http://www.sungame.com
Incorporated In: DE, USA
$SGMZ share structure
## source: otcmarkets.com
Market Value: $45,870,611 a/o Sep 10, 2015
Shares Outstanding: 177,793,067 a/o Sep 18, 2014
Float: Not Available
Authorized Shares: 350,000,000 a/o Apr 18, 2011
Par Value: 0.001
$SGMZ extra dd links
Company name: Sungame Corp.
Company website: http://www.sungame.com
## STOCK DETAILS ##
After Hours Quote (nasdaq.com): http://www.nasdaq.com/symbol/SGMZ/after-hours
Option Chain (nasdaq.com): http://www.nasdaq.com/symbol/SGMZ/option-chain
Historical Prices (yahoo.com): http://finance.yahoo.com/q/hp?s=SGMZ+Historical+Prices
Company Profile (yahoo.com): http://finance.yahoo.com/q/pr?s=SGMZ+Profile
Industry (yahoo.com): http://finance.yahoo.com/q/in?s=SGMZ+Industry
## COMPANY NEWS ##
Market Stream (nasdaq.com): http://www.nasdaq.com/symbol/SGMZ/stream
Latest news (otcmarkets.com): http://www.otcmarkets.com/stock/SGMZ/news - http://finance.yahoo.com/q/h?s=SGMZ+Headlines
## STOCK ANALYSIS ##
Analyst Research (nasdaq.com): http://www.nasdaq.com/symbol/SGMZ/analyst-research
Guru Analysis (nasdaq.com): http://www.nasdaq.com/symbol/SGMZ/guru-analysis
Stock Report (nasdaq.com): http://www.nasdaq.com/symbol/SGMZ/stock-report
Competitors (nasdaq.com): http://www.nasdaq.com/symbol/SGMZ/competitors
Stock Consultant (nasdaq.com): http://www.nasdaq.com/symbol/SGMZ/stock-consultant
Stock Comparison (nasdaq.com): http://www.nasdaq.com/symbol/SGMZ/stock-comparison
Investopedia (investopedia.com): http://www.investopedia.com/markets/stocks/SGMZ/?wa=0
Research Reports (otcmarkets.com): http://www.otcmarkets.com/stock/SGMZ/research
Basic Tech. Analysis (yahoo.com): http://finance.yahoo.com/q/ta?s=SGMZ+Basic+Tech.+Analysis
Barchart (barchart.com): http://www.barchart.com/quotes/stocks/SGMZ
DTCC (dtcc.com): http://search2.dtcc.com/?q=Sungame+Corp.&x=10&y=8&sp_p=all&sp_f=ISO-8859-1
Spoke company information (spoke.com): http://www.spoke.com/search?utf8=%E2%9C%93&q=Sungame+Corp.
Corporation WIKI (corporationwiki.com): http://www.corporationwiki.com/search/results?term=Sungame+Corp.&x=0&y=0
WHOIS (domaintools.com): http://whois.domaintools.com/http://www.sungame.com
Alexa (alexa.com): http://www.alexa.com/siteinfo/http://www.sungame.com#
Corporate website internet archive (archive.org): http://web.archive.org/web/*/http://www.sungame.com
## FUNDAMENTALS ##
Call Transcripts (nasdaq.com): http://www.nasdaq.com/symbol/SGMZ/call-transcripts
Annual Report (companyspotlight.com): http://www.companyspotlight.com/library/companies/keyword/SGMZ
Income Statement (nasdaq.com): http://www.nasdaq.com/symbol/SGMZ/financials?query=income-statement
Revenue/EPS (nasdaq.com): http://www.nasdaq.com/symbol/SGMZ/revenue-eps
SEC Filings (nasdaq.com): http://www.nasdaq.com/symbol/SGMZ/sec-filings
Edgar filings (sec.gov): http://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001462506&owner=exclude&count=40
Latest filings (otcmarkets.com): http://www.otcmarkets.com/stock/SGMZ/filings
Latest financials (otcmarkets.com): http://www.otcmarkets.com/stock/SGMZ/financials
Short Interest (nasdaq.com): http://www.nasdaq.com/symbol/SGMZ/short-interest
Dividend History (nasdaq.com): http://www.nasdaq.com/symbol/SGMZ/dividend-history
RegSho (regsho.com): http://www.regsho.com/tools/symbol_stats.php?sym=SGMZ&search=search
OTC Short Report (otcshortreport.com): http://otcshortreport.com/index.php?index=SGMZ
Short Sales (otcmarkets.com): http://www.otcmarkets.com/stock/SGMZ/short-sales
Key Statistics (yahoo.com): http://finance.yahoo.com/q/ks?s=SGMZ+Key+Statistics
Insider Roster (yahoo.com): http://finance.yahoo.com/q/ir?s=SGMZ+Insider+Roster
Income Statement (yahoo.com): http://finance.yahoo.com/q/is?s=SGMZ
Balance Sheet (yahoo.com): http://finance.yahoo.com/q/bs?s=SGMZ
Cash Flow (yahoo.com): http://finance.yahoo.com/q/cf?s=SGMZ+Cash+Flow&annual
## HOLDINGS ##
Major holdings (cnbc.com): http://data.cnbc.com/quotes/SGMZ/tab/8.1
Insider transactions (yahoo.com): http://finance.yahoo.com/q/it?s=SGMZ+Insider+Transactions
Insider transactions (secform4.com): http://www.secform4.com/insider-trading/SGMZ.htm
Insider transactions (insidercrow.com): http://www.insidercow.com/history/company.jsp?company=SGMZ
Ownership Summary (nasdaq.com): http://www.nasdaq.com/symbol/SGMZ/ownership-summary
Institutional Holdings (nasdaq.com): http://www.nasdaq.com/symbol/SGMZ/institutional-holdings
Insiders (SEC Form 4) (nasdaq.com): http://www.nasdaq.com/symbol/SGMZ/insider-trades
Insider Disclosure (otcmarkets.com): http://www.otcmarkets.com/stock/SGMZ/insider-transactions
## SOCIAL MEDIA AND OTHER VARIOUS SOURCES ##
PST (pennystocktweets.com): http://www.pennystocktweets.com/stocks/profile/SGMZ
Market Watch (marketwatch.com): http://www.marketwatch.com/investing/stock/SGMZ
Bloomberg (bloomberg.com): http://www.bloomberg.com/quote/SGMZ:US
Morningstar (morningstar.com): http://quotes.morningstar.com/stock/s?t=SGMZ
Bussinessweek (businessweek.com): http://investing.businessweek.com/research/stocks/snapshot/snapshot_article.asp?ticker=SGMZ
$SGMZ DD Notes ~ http://www.ddnotesmaker.com/SGMZ
Looks like SGMZ is starting to see some action. Anyone know what's going on here?
SGMZ failure to comply with Finra 6530 (ie. delinquent Financials). Removed from OTCBB to OTC.
http://www.otcbb.com/asp/dailylist_detail.asp?d=09/22/2014&mkt_ctg=OTCBB
http://www.otcbb.com/asp/dailylist_detail.asp?d=09/22/2014&mkt_ctg=NON-OTCBB
One of the most overpriced stocks I've ever seen.
Share Structure
Market Value $6,218,755,690 a/o Jan 13, 2014
Shares Outstanding 177,678,734 a/o Nov 07, 2013
Float Not Available
Authorized Shares 350,000,000 a/o Apr 18, 2011
Par Value 0.001
Yes, someone is here, hello back to ya.
hello anyone?
In order for the merger to take place. The compensation for the merger is a trading of shares. SGMZ will need to do a R/S. I will continue to watch, and update.
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SunGame has the mission to become a leading supplier in social gaming and related services to the Business2Business (B2B) segment.
We will achieve this by combining various net based games with innovative social networking services. By doing so, we bring the best of both worlds to all our users:
SunGame identified in 2007 that the internet community members will not be satisfied with a simple two dimensional environment with limited interactivity. Based on this exciting new customer need, we initiated the development of a proprietary Virtual World System which enables simple launch of corporate Virtual Worlds.
WEBSITE
http://www.sungame.com/
FILINGS
11-15-2010 10-Q: for Quarterly Period Ended 09/30/10
11-08-2010 8K Filing
08-13-2010 10-Q: for Quarterly Period Ended 06/30/10
06-15-2010 10-Q: for Quarterly Period Ended 03/31/10, Amendment 1
05-17-2010 10-Q: for Quarterly Period Ended 03/31/10
03-31-2010 Annual Report 2009
PRESS RELEASES
[ 11-08-2010 ] SunGame to Merge With Freevi
[ 9-07-2010 ] SunGame Appointed to Develop Facebook Game for Sqwishland
[ 7-01-2010 ] Sungame Establishes Strategic Alliance with ActionJetz Group.
[ 06-15-2010 ] SunGame Signs Partnership Agreement With Wicked Interactive Ltd.
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