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Trips please!!
One more time to swing low before the ride of a lifetime.
Holding some dry powder and just hoping........
Jail for Roger!!
Jail for Roger!!
This is my 3 month post.
Have been working with the State of New York on this criminal for awhile.
This guy needs to spend some serious time behind bars for the shit show he has left behind.
Talks a great game Roger has been playing . Runs people up and down the river.
Please take the time to familiarize yourself with Roger's current standing. Do a web search on this case. You will see the type of guy Roger really is.
Case 1:11-cv-01188-TJM-CFH Document 80 Filed 03/26/15
UNITED STATES DISTRICT COURT
NORTHERN DISTRICT OF NEW YORK)
SECURITIES AND EXCHANGE COMMISSION, )
Plaintiff, )
v. ) Case No. 1: 11-CV-1188 (TJM/CFH)
)
STRATOCOMM CORPORATION, )
ROGER D. SHEARER, and )
CRAIG DANZIG, )
)
Defendants. )
AMENDED FINAL JUDGMENT AS TO DEFENDANTS
STRATOCOMM CORPORATION, ROGER D. SHEARER, AND CRAIG DANZIG
Pursuant to the Court's Decision and Order, filed February 19, 2014 (Doc.# 61), granting
Plaintiff Securities and Exchange Commission's ("SEC") motion for partial summary judgment
as to liability against Defendants StratoComm Corporation, Roger D. Shearer, and Craig Danzig,
and pursuant to the Court's Decision and Order, March 9, 2015 (Doc.# 76), granting in part and
denying in part Plaintiff SEC's Motion for Remedies:
IT IS HEREBY ORDERED, ADJUDGED, AND DECREED that Defendants
StratoComm Corporation, Roger D. Shearer, and Craig Danzig and Defendants' agents, servants,
employees, attorneys, and all persons in active concert or participation with them who receive
actual notice of this Final Judgment by personal service or otherwise are permanently restrained
and enjoined from violating, directly or indirectly, Section 1 O(b) of the Securities Exchange Act
of 1934 (the "Exchange Act") [15 U .S.C. § 78j(b )] and Rule 1 Ob-5 promulgated thereunder
[17 C.F.R. § 240.lOb-5], by using any means or instrumentality of interstate commerce, or of the
Case 1:11-cv-01188-TJM-CFH Document 80 Filed 03/26/15 Page 2 of 8
mails, or of any facility of any national securities exchange, in connection with the purchase or
sale of any security:
(a) to employ any device, scheme, or artifice to defraud;
(b) to make any untrue statement of a material fact or to omit to state a material fact
necessary in order to make the statements made, in the light of the circumstances
under which they were made, not misleading; or
(c) to engage in any act, practice, or course of business which operates or would
operate as a fraud or deceit upon any person.
IT IS HEREBY FURTHER ORDERED, ADJUDGED, AND DECREED that
Defendants StratoComm Corporation and Craig Danzig and Defendants' agents, servants,
employees, attorneys, and all persons in active concert or participation with them who receive
actual notice of this Final Judgment by personal service or otherwise are permanently restrained
and enjoined from violating Section 17(a) of the Securities Act of 1933 (the "Securities Act")
[15 U.S.C. § 77q(a)] in the offer or sale of any security by the use of any means or instruments of
transportation or communication in interstate commerce or by use of the mails, directly or
indirectly:
(a) to employ any device, scheme, or artifice to defraud;
(b) to obtain money or property by means of any untrue statement of a material fact
or any omission of a material fact necessary in order to make the statements
made, in light of the circumstances under which they were made, not misleading;
or
(c) to engage in any transaction, practice, or course of business which operates or
would operate as a fraud or deceit upon the purchaser.
2
Case 1:11-cv-01188-TJM-CFH Document 80 Filed 03/26/15 Page 3 of 8
IT IS HEREBY FURTHER ORDERED, ADJUDGED, AND DECREED that
Defendants StratoComm Corporation, Roger D. Shearer, and Craig Danzig and Defendants'
agents, servants, employees, attorneys, and all persons in active concert or participation with
them who receive actual notice of this Final Judgment by personal service or otherwise are
permanently restrained and enjoined from violating Section 5 ofthe Securities Act [15 U.S.C. §
77e] by, directly or indirectly, in the absence of any applicable exemption:
(a) Unless a registration statement is in effect as to a security, making use of any
means or instruments of transportation or communication in interstate commerce
or ofthe mails to sell such security through the use or medium of any prospectus
or otherwise;
(b) Unless a registration statement is in effect as to a security, carrying or causing to
be carried through the mails or in interstate commerce, by any means or
instruments of transportation, any such security for the purpose of sale or for
delivery after sale; or
(c) Making use ofany means or instruments of transportation or communication in
interstate commerce or of the mails to offer to sell or offer to buy through the use
or medium ofany prospectus or otherwise any security, unless a registration
statement has been filed with the Commission as to such security, or while the
registration statement is the subject of a refusal order or stop order or (prior to the
effective date of the registration statement) any public proceeding or examination
under Section 8 of the Securities Act [15 U.S.C. § 77h].
IT IS HEREBY FURTHER ORDERED, ADJUDGED, AND DECREED that
3
Case 1:11-cv-01188-TJM-CFH Document 80 Filed 03/26/15 Page 4 of 8
Defendant Craig Danzig and Defendant's agents, servants, employees, attorneys, and all persons
in active concert or participation with them who receive actual notice ofthis Judgment by
personal service or otherwise are permanently restrained and enjoined from violating, directly or
indirectly, Section 15(a)(l) of the Securities Exchange Act of 1934 [15 U.S.C. § 78o(a)(l)], by
using the mails or any means or instrumentality of interstate commerce to effect any transactions
in, or to induce or attempt to induce the purchase or sale of, any security (other than an exempted
security or commercial paper, bankers' acceptances, or commercial bills) unless registered in
accordance with subsection (b) of Section 15 of the Exchange Act [15 U.S.C. § 78o(b)].
IT IS FURTHER ORDERED, ADJUDGED, AND DECREED that, pursuant to
Section 21(d)(2) of the Exchange Act [15 U.S.C. § 78u(d)(2)] and Section 20(e) of the Securities
Act [15 U.S.C. § 77t(e)], Defendant Roger D. Shearer is permanently prohibited from acting as
an officer or director of any issuer that has a class of securities registered pursuant to Section 12
ofthe Exchange Act [15 U.S.C. § 781] or that is required to file reports pursuant to Section 15(d)
of the Exchange Act [15 U.S.C. § 78o(d)).
IT IS HEREBY FURTHER ORDERED, ADJUDGED, AND DECREED that
Defendants Roger D. Shearer and Craig Danzig are permanently barred from participating in an
offering of penny stock, including engaging in activities with a broker, dealer, or issuer for
purposes of issuing, trading, or inducing or attempting to induce the purchase or sale of any
penny stock. A penny stock is any equity security that has a price of less than five dollars,
except as provided in Rule 3a5 l-1 under the Exchange Act [17 C.F.R. 240.3a5 l-l).
IT IS FURTHER ORDERED, ADJUDGED, AND DECREED that Defendants
StratoComm Corporation and Roger D. Shearer are jointly and severally liable for disgorgement
of $4,086,245.00, representing profits gained as a result ofthe conduct alleged in the Complaint,
4
Case 1:11-cv-01188-TJM-CFH Document 80 Filed 03/26/15 Page 5 of 8
together with prejudgment interest thereon in the amount of $882,464.68 (for a total of
$4,968,709.68). StratoComm Corporation is further liable for a civil penalty in the amount of
$100,000.00 and Roger D. Shearer is further liable for a civil penalty in the amount of $50,000,
pursuant to Section 20(d) of the Securities Act [15 U.S.C. § 77t(d)] and Section 21(d)(3) ofthe
Exchange Act [15 U.S.C. § 78u(d)(3)].
Defendants may transmit payment electronically to the Commission, which will provide
detailed ACH transfer/Fedwire instructions upon request. Payment may also be made directly
from a bank account via Pay.gov through the SEC website at
http://www.sec.gov/about/offices/ofin.htrn. Defendants may also pay by certified check, bank
cashier's check, or United States postal money order payable to the Securities and Exchange
Commission, which shall be delivered or mailed to
Enterprise Services Center
Accounts Receivable Branch
6500 South MacArthur Boulevard
Oklahoma City, OK 73169
and shall be accompanied by a letter identifying the case title, civil action number, and name of
this Court; StratoComm Corporation or Roger D. Shearer as a defendant in this action; and
specifying that payment is made pursuant to the Decision and Order, filed March 9, 2015.
Each Defendant shall simultaneously transmit photocopies of evidence of payment and
case identifying information to the Commission's counsel in this action. By making this
payment, each Defendant relinquishes all legal and equitable right, title, and interest in such
funds and no part of the funds shall be returned to any Defendant. The Commission shall send
the funds paid pursuant to the Decision and Order, filed March 9, 2015 to the United States
Treasury.
5
Case 1:11-cv-01188-TJM-CFH Document 80 Filed 03/26/15 Page 6 of 8
The Commission may enforce the Court's judgment for disgorgement and prejudgment
interest through any collection procedures authorized by law. Each Defendant shall pay post
judgment interest on any delinquent amounts pursuant to 28 U.S.C. § 1961.
IT IS FURTHER ORDERED, ADJUDGED, AND DECREED that this Court shall
retain jurisdiction ofthis matter for the purposes ofenforcing the terms of the Decision and
Order, filed March 9, 2015 and the subsequent Judgment.
Dated: March 26, 2015
sf C. M. Ligas, Deputy Clerk
7
Very disappointed at this juncture.
Thought the change would be good but has turned out to be more of the same.
Not sure of the intent of the late May early June posts from M. except to pump the price.
Thanks for the response.
Not getting into a war of words with M. as he continues to bomb away with "non-public" comments.
Another one in the mailbox as I type.
Another day and crickets.
Should be no surprise at this point.
agreed
Mart,
Great, you are still lurking but so are many other people.
Only difference is you run the show here.
How can you write this stuff with a straight face, walk away and say absolutely nothing for over 50 days?
Do you understand why your credibility is being questioned? You follow up with this type of leadership after the debacle of one Mr. Ken Hurley who is still trolling the hallways?
Here is one for starters: Let Elvis leave the building, he created too much of a mess and tranishes your name and the name of the company. There are ALWAYS smarter people out there. You just have to be willing to look.
You need to come clean. This has gone way past the time where silence is acceptable unless you killed the golden goose and are going to bring it to the table VERY SOON.
Your reputation is on the line and as of now it is taking a serious beating.
Just sayin!!!!!
Mart,
How can you post this stuff with a straight face?
You reap what you sow or is it sew.
Guess it depends on the board.
Not completely connecting the dots here but this could be the start of something big.
Try this link, http://www.kickstarter.com/blog/ouyas-big-day
read down below the second top 10 listing and notice the date of the largest funding syndication prior to yesterday for OUYA: it was April 12, 2012 when nearly $1.9 million was pledged.
Go back to the first four bullets above this message board on IHub for SDVI and look at the date of our merger.
Coincidence? Maybe, but I think not.
The USA today article smells of SDVI's oroginal business plan.
For those long time board dwellers: Did Mart not pay almost a quarter of a million dollars by himself for a promotion of this company at one point in time? I think I remember this?
Was Mart not in investment banking where you may come across a few people with deep pockets and you may still have some dry powder yourself?
This all may be a coincidence but if Mart makes good on the financial statements and connects all of these dots and has Ken doing what Ken should be doing and not running the company I would not want to be chasing shares.
A connection to an article in the USA Today? That is not small potatoes if it is true and proven correct.
I may be all wet but this information is somewhat curious for the first time in awhile.
At a minimum, it is worth some positive conversation.
In Mart I trust until he proves otherwise.
Yea, Don't worry.
Direct form the CEO's mouth:
OUR TIME IS NOW!
How can you make this type of cimment publicly and live with yourself.
Corley it is time to put up or shut up and move on and let someone else guide this compnay out of the lousy tripsville we have been in for months.
NOW adverb
1) at this time or moment
2) without delay, immediately
Taken from the Random House College Dictionary.
Could someone please help me explain what the he!! Dr. Corley is referring to when he says OUR (STAU) time is NOW?
We are almost 6 months down the road and it is still not time?
This stock has become INCREDulous.
How can a company with so much promise still be trolling around in the trips?
This stock should have pushed and held $.0025, $.005 or $.01 at an absolute minimum at this point and we still are barely treading water.
There is only one reason that this has not occurred and this is the CEO, Dr. Corley. He has been so inept at running this company and disseminating the information to shareholders and potential shareholders that this stock continues to linger in the basement.
Dr. Corley a challenge to you for you in 2012 - Take the gag off your company and try and drum up some interest in your stock as well as your product. They are tied together, HONESTLY!!!
If the stock shows improvement people will show belief in your company and your management team and vice versa.
2012 is the year of ACTION! Your inaction has not done the trick to date.
STAU bid at 52 week high of $.0022 and then we are talking about something.
Let's push out fo the trips for good.
Moves on air around here.
Just need some interest drummed up.
Let's go JC
What exactly are we missing about "Our Time is Now"?
Your time is now!
Let's get this stock moving.
CT
Need some support from the company in the open market.
They need to draw some big investors into this stock.
Great stock just lost in translation at the current time.
Could you imagine if someone was willing to put a $25k wager on this stco. What would happen?
Risk versus return. They would be very lucky.
Sitting on just over 50 million myself here. Purchased back in the summer.
Xjag
Still trying to figure this one out.
With very little pressure this goes to $.0010 to $.0012 and even hit $.0022 back on October 11th.
I am not sure if it was a mistake or if the MM's were doing some testing with the $.0022 trade. I sure would like to know what that was all about.
It does give some good insight though in my mind. With the right release of information via a PR across all marketwires not just here and the yahoo boards this stock could run hard.
We just need JC to embrace his shareholders and let this run out some.
My major concerns are he does not seem to understand how to issue these PR's so many eyes are on the product and the company as possible. Also, with all these road shows and proposed people he has met like Willie Gault and others why are they not buying this stock. Does he not tout his stock and product when he is on the road? I would think some of these heavy hitters would say this a no brainer when looking at the company. So Willie throws $5,000 at the stock and he tells 2 friends and they tell 2 friends. Well, you get the picture. It just does not make much sense.
JC is going to have to realize that his products and his stock price are tied together. People will not take your company seriously until the stock price mirrors the product. The products are great!!! Then I take a look at the comany and what do I see? A limited information, pinksheet company with a stcok price of $.0004? I walk the other way and say there is no way I am going down the path with this company and it is another contract lost. At some ppoint hopefully JC realizes this correlation.
Until that point comes to fruition I HOPE for a lot but expect very little because reality is reality.
I know this is a little bit of a downer but it is how I see this company as of 11/8/11.
$.01 seems very attainable the way this moves but it is also light years away.
any price predictions based on your analysis?
I would be one of your perpetrator's here on I hub.
Your VCC was once again a bunch of nothing.
You have admitted you read this board and instead of just blasting your investors why don't you eat some crow and admit your faults. Then there may be some compassion for you.
People bought into this sham becasue of what you have said and promised in the past with all the dealings with RJ and foreign market prices of $6, $8, $10 and multi million dollar financing deals. ALL of the pie in the sky deals ALL went up in smoke and you just casually breezed over it like it was nothing.
This is what angers your shareholders.
You had shareholders convert and promised a price of up to $10 and even after the missteps you said $3 to $4 was attainable. You should be sued over these misleading facts but you stand behind your stupid disclaimers.
There is a real reason you are no longer working for EA Entertainment and I would look in the mirror and you will figure it out. Until you do your loyal shareholders will pay.
I know the truth hurts sometimes but that is the way most of learn. We evaluate our mistakes in order to not have the same mistakes occur over and over and over.
Good luck you are going to need it.
Now we are all just Left Behind literallly and figuratively.
BTW, your loyal shareholers really want to know the conversion rate and don't hide behind the vote. You own the majority of the shares so what you say goes. WOW!!!!!
Really lucky to get 7M of the $.0003's today.
Added to my STAU and FE*L stash today and will sit and wait now.
Time to enjoy the summer after hunting season has come to and end.
GLTA
Nope.
Just lucky.
Had been sitting at $.0002 for 3 days and moved to $.0003 and was filled witihin 20 minutes.
FEEL lucky to have 10M tickets for the ride whenever it may come.
Thanks.
Agreed.
Will keep them warm and dry would love to see the $.01 witihin the next 90 days.
Thanks for the cheapies today.
14 mil added between 4's and 5's.
Sitting at the station with almost 32M in hand.
All good now.
Still have dry powder but will wait to see what is on fire first.
GLTA.
Hope you get the position you want here.
GLTY and have a good weekend.
ok, then thanks for the tip from your board!
couldn't wait any more over there.
Had to get some new money to ride the wave here hopefully.
The other stock just seems like dead money at this point. ALot of broken promises. Will take quite a bit to gain investor confidence back.
GLTY FD2
Clever:
If we enter penny land in 2011.
I owe you a very nice dinner at the least.
Have a good weekend.
That's 10.4 mil for me today
Like the $.006 entry point
Sitting w/ 5 mil bid at $.005
Sitting with 7 mil bid at $.0004
Done with support this week looking for cheaps now for those with weak hands.
Have enough tickets to ride if she pops.
Have a good weekend.
Clever: A tip of the hat to your board and followers. Thanks for the heads up on this one it is appreciated. I think it shall do well in time.
Would be nice if he could complete 1 task on the timetable he promises to this board.
No wonder he was fired from EA.
Completely incompetent.
Reader Rabbit was late by 13 months.
Ken is a joke.
I would not count on much around here.
Look at the track record. It is not good at all.
Buying 6's at the close to finish the day even for STAU.
Hoping to take a large position here over the next few days.
Will be patient.
Currently at 4.5 million shares.
Hoping to see $.0025 within 2 months time.
Just watch and stay glued to your screen.
You are receiving a free lesson in "How to not properly run a business."
This is about as pathetic as it gets.
Challenge Electronic Arts? He is getting it handed to him by some christian gaming company.
For the love of chri5t!
Oh sorry, that would be helping the other company.
KEN: YOU ARE A FAKE AND PHONY BUSINESSMAN.
PLEASE, PLEASE, PLEASE STEP ASIDE AND LET SOMEONE ELSE RUN THIS BUSINESS!!!!!!!!!!!!!!!!!!!!!!!!!
Because a nice lawsuit would be another great delay tactic for Ken.
Nothing will be done on time, this stock will continue to languish near the trip zeroes and Ken will have his excuse. "I am tied up with these lawsuits and we are not able to release the audited numbers based on our attorneys requests." I can hear it now.
It is all a bunch of BS with Ken at this point.
I do not care what others say. Until Ken comes completely clean and explains what is going on and how he is going to remedy the current situation and the share price he has ZERO credibility with me.
There have been many investors who have bought in to SDVI based on press releases over the last 2 years. These releases added substantial value to SDVI/GRAFF and lured people in. Then last week in a VCC Ken tries to almost gloss over the issues and play with his stupid IPad most of the time yet he basically wiped away every deal except for RR in one fell swoop.
I have got to say Ken is lacking in so many ways aruond here that it is ridiculous.
Ken needs to come clean soon on alll the BS.
Why the gagged TA currently? Is Ken diluting? Is he not buying back shares and does not want investors to see even though he said he would try to buy the whole float if he could.
Will the audits finally get done and an uplising occur?
What about GRAFF IPO?
What about converted shares?
What about $.025 per share SDVI?
Ken's timing absolutely sucks. He is always months behind his projected schedule that he tells everyone. This must change or this stock will always be stuck in the toilet.
Do not Reverse split this stock as a way of changing the share structure. You need to RETIRE some of your personal shares for the shenanigns that have gone on during your tenure as CEO. This is what a trustworthy CEO would do.
KEN, WE NEED ANSWERS PRONTO! GET OUT FROM BEHIND YOUR COMPUTER AND ACT LIKE YOU ARE THE CEO OF THIS COMPANY OR STEP ASIDE.
Anyone feel like Ken needs a sidekick for his VCC's and we could cell it "Ken's World" a takeoff of Wayne's World.
It is like some warped sense of reality that Ken actually presents these VCC's and is surprised people are upset by the news.
Ken clearly has no idea how to run this company.
He needs to program if he can even do that and hire a CEO.
You own a Reader Rabbit franchise and you are dwelling at 1/10 of 1 penny?
That makes no sense at all except for straight out poor management. In the real world you get fired for this type of performance.
Oh yea, that is the rest of the story, Ken came to SDVI through the unemployment line due to being let go for not being able to complete the tasks assigned.
Case solved!
What another great day in SDVI world.
BTW if my comments appear disrespectful I apologize.
I am trying to stick to the facts.
I also beleive Ken's actions towards his shareholders have been extremely disrespectful over the last several years and he has been less than honest in his business dealings as it relates to his shareholders.
It is time for Ken to truly come clean on all issues.
Ken is a joke.
4 reader Rabbits on the market with big box vendors and his POS stock is trading close to trips?
Ken, for all of your BS and deceit over the last year why don't you retire some of your shares to add value to this company. This would be admirable. Then you would be putting YOUR money where your mouth is.
Stop blaming RJ for all these lost deals. You were the one that decided to play in the same sandbox as RJ.
Can you not land a big fish on your own?
If not, step aside and hire a real CEO that can do the job properly for all of the shareholders.
I am fed up with all the crap surrounding SDVI and so obviously is everyone else based on your stock price this week.
Hard to tell this company has anything positive going for it.
Why don't you waste some more money with Minimar.
No more stupid VCC's. You seriously spent more than 2 minutes showing an Apple App that had no sound and this is your line of work? God was I embarassed for you and for my holdings in SDVI last week.
You need a wake-up call and quick.
From your postings on this board. Could you clarify a few points[/b]
4/6/2011
The S1 registration document is 1/2 done.
The Audits are almost complete and should be hopefully next week.
The S1 only takes about 7 days of my full time attention to finish. Then we are ready to file.
So what if Graffiti IPO's at $3-4 Euro? It's free money for the SDVI shareholders. I still don't think it will IPO that low and that is what the other acquisition can bring to the table.
Could you please update on this. Are we still expecting to IPO at $3 to $4 as you discussed on April 6th. Is the other acquisition still available?
And speaking of S1. I'm putting full time attention into that and this will be my last message for a few days.
4/14/2011
2.5 cents not .0025 cents.[/i]
Are you still buying up to $.025 as it appears we are stuck in a downward trend. What do you plan on doing to get closer to your stated buyback price of $.025.
The plan is to buy up to 2.5 cents not the previously stated .0025 cents.
For that matter, depending on profits and how much float is out there, we would purchase at prevailing market prices at any amount
4/14/2011
Graffiti has paid us some money, but more than that
the pre-sales of Reader Rabbit are looking very good.
I'm not saying we'll buy the whole float back, but I'm sure
going to try to.[/b]
Buy the whole float? It doesn't appear you are buying any troughout this period. Could you please explain what is happening with the buyback.
5/18/2011
DTC Eligibility.
I will update everyone at the same time on other non-public information. This should hopefully happen soon. But in regards to the DTC Eligibility. We always have been and still are. I just verified this with our transfer agent who verified it with the DTCC. My attorney is contacting Penson to have us removed from that list.
Could you please explain if all Brokerage houses are abiding by Pensons statement below. I use Choicetrade for part of my trades and they are still saying SDVI is not DTC eiligible. Choicetrade clears through Penson.
Dear Ken:
Your company is DTC eligible.
Thank you.
Sincerely,
Olessia Kritskaia
I s l a n d S t o c k T r a n s f e r
Full Service Transfer Agency
100 Second Avenue South, Suite 705S, Saint Petersburg, FL, 33701
Office phone: 727-289-0010 ext. 243
Fax: 727-289-0069
Email: mailto:olessia@islandstocktransfer.com
web: http://www.islandstocktransfer.com
I know you are busy but many of your shareholders were expexting a rise in price this summer with the release of the rabbits and instead we are heading south. What do you plan to do to counteract this? A buyback whcih drives price North sure would help.
Ken
It's 3:00 on the West Coast.
You still have a couple hours of business left.
We need some answers because you left some gaping holes.
I sure hope you have something better planned for this company and soon because that was a crappy VCC.
Please do not strive to catch EA lets just see if we can catch lightning in a bottle and ride the coattails of that small christian gaming company.
The audits can't be done soon enough and finacials updated on the pinksheets and current status achieved.
Please apply some money for a pump at this time.
playfullyhappy
I agree.
To think Ken would have scoffed at having to put up some money is ridiculous.
Did you watch the VCC? What where your thoughts?
Alge
I agree with so many of your thoughts and more.
On the soapbox.
Ken made a statement almost 2 years ago that still rings in my head today.
He compared the stock price of SDVI to EA Sports which is an absolute joke. Looking back I think Ken was kicked to the curb for a reason after seeing the anomisity he has has towards EA and his inability to get things done around here.
I know, I know there are 4 Reader Rabbits on the market. Kudos to Ken for this (I will give credit where credit is due) BUT these 4 RR's were released over a year after they were initially promised. This is no way to run a business.
Secondly, this whole IPO fiasco is a joke at this point. Ken asked VERY loyal shareholders (these are the only people at this point that know of SDVI) to convert shares into GRAFF becuase of an April 2011 IPO which was backed by some major funding initiatives. Shareholders bought this hook line and sinker and converted shares and now they are stuck. No IPO and therfore, even if they want to convert back to cash they cannot. This is a shame and a sham and VERY deceitful towards loyal shareholders. Ken must come clean on the details on this issue very soon.
Finally, but not the last issue. Why would Ken engage MM*G at the time he did. Two things concern me here. First, if the Reader Rabbits are going to be a runaway success like we all think they will be why pay some rinky dink Pump & Dump firm to promote this huge milestone. Why not get a large advertising firm to promote across the Marketwires. Secondly, timing. He paid MM*G well before the rabbits and audits were even close to being done so it was wasted money at that time.
Does he not even understand what is going on himself? This is why I implore Ken to please look in the mirror and admit that he needs help. He cannot do this alone. He needs competent and qualified individuals to help see his vision through. Use some of the monies you have received and put these people in place. Ken, you will be happier, your new employees will be happy to be part of something big at the ground level and your Shareholders will be over the moon in saying you were right in your vision and you are a major success.
This cannot be done alone. PLEASE hire competent business people to get this done TODAY.
Off the soapbox.
Did this company recently release 4 new reader rabbit games?
Ken has done an excellent job of killing this stock during 2011.
This is absolutely pathetic.
The audits, SB1, uplisitng and IPO should be well underway by now and instead this board and company have gone absolutely quiet.
Nice work there KEN!
D - E - L - E - G - A - T - I - O - N
PLEASE HIRE SOME COMPETENT PEOPLE TO GET THE SHOW ON THE ROAD.
THIS IS EXCRUCIATING.
Saredi,
Sorry, I have been busy since my post.
I have no problem with you or anyone critiquing my post. Actually probably a good idea to hash things out if I stated something incorrectly or missed something good or bad at this point.
Fire away.
Would like to have a concrete list of action items Ken put out their on the market. This list should be validated against previous VCC's and press releases. I think it could be a good starting point when Ken can answer questions and also understand why all the frustration currently exists on this forum.
Theses are the facts that made people invest their hard earned money and they are the facts that would take this stock to the promiseland if completed in a timely fashion.
Bottom Line: Ken needs to decide if he wants to manage this company or write code. Based on his decision, he could create a business plan and hire the right people to see his vision through to the end.
I don't think Ken is a bad guy. Not at all. He seems like a very hard worker. BUT, we all need a little help every once in awhile. It is tough to let go in management but these are the decisions that MUST be made to move SDVI forward.
Hope this works out well for everyone in the end.