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I go back with him during the sector 5 days......He never pays
I know that part of the reason is that no accounting firm would work with him to do his filings. He had tried a couple of firms but no one would do the filings. My take is was dirty on the way he handled the money comingling personal funs with company funds.
How does this guy do it.....No revenue and no SEC filings
Time to change the name to Hop-off!
What is going to happen first; prison or launch? my bet is prison first..... I guy is a scammer!!!!!
Amen to that.... I learned a lesson from someone who says they are with God to someone who could not be further from God
He Swindled 10K out of me at sector 5. I hope he rots in prison
Add Sector 5 to the defunct list as well
I let them know I don't think it's going to go anywhere. BTW I have never seen a company tht can't complete an audit even after hiring at least 2 firms
Do you know if he ever responded to this?
This is Petey's company. I think that he used it to funnel money in and out of Sector five. I was also involved in loans to him that were never paid. Also back in the day you could purchase SFIV stock by wiring money to this company which was in Temecula
If you look at sector 5 (SFIV) Petey's other company they have not filed anything since 2018
You should add what he has done to Sector 5 as well
Trust me he is a fraud I can attest to that personally. What he has done with sector 5 is a good example and I have been left with a ton of shares that are not worth anything and I can't even get my shares traded into any brokerage account Also he is unable to have an audit done for the past three years!!!!
Having been an investor in other PM ran companies I would stay away until it starts making money. He has made any money on any of his other businesses and he is a one man company
Yes it is shocking...... Everytime I would call him he would take my call a tell me what was going on. as the weeks tuned into months and months turned into years I obviously had sense something was not right about this guy. Now it all adds up. I hope he gets what he deserves, and I support you in getting the word out so others do not hurt by this guy
He been trying for at least two years to do one year's audit..... nothing so far
I know this guy who filed the judgement. And Peter owes me 50K as well as some stock. I also own 1.3 mill shares in SFIV which is a company that he is really the CEO just not by title. I cannot believe what I have read on this board but it all adds up. People need to run from this guy and all that he is involved in.
As a long time shareholder I think that it's time to stick a fork into sector 5
I got a text today that they have started the audits and that sometime next week the auditor's will give a time frame as to when they will get caught up
what has happened in the past is that everything was done on a shoestring budget with no real debt. Alot of money went to china to fund new chomebook designs. They have stayed ahead of the overall development of the machines. There was no real financial backing over the past few years. They would sell machines and then reinvest funds into the next model. Not a good business model to work off a shoestring budget. Once the financials are done there is supposed to be an influx of some $$$
it's a cash flow problem.... always was and probably always will be
they had to go to different firm as the original firm could not deliver. they have another firm lined up to do 2018 and then on to the rest to get current
got some news last night that there is a order from spain for over 11K units 8k soon to be filed
They are still struggling with cash flow so that they can pay the auditor to bring them current. Same old story. Can't get the job dome on a shoestring budget
actually what is happening is they need some payments from other sales to come in and use some of those funds to pay the new accounting firm to comolete the audit expected to take about two weeks and then it's on to the other filings to get current. then they obtain more financing based upon the financials
I am hoping that they will be current by the middle of January
there is news coming out soon. Looks like there will be changes coming. for the good....
no they just have a bad auditor
I talked to them the other day.....There is another audit firm that can produce 2018 in three weeks. Possible change of direction on the way to get the audit done. Need to this done either way
Still having problems with the audit getting done.
Still having problems with the audit getting done.
thanks for the information I did not know about this. I guess I should keep my mouth shut.
no short...I own that much some of going back when there was a 3 for 1 split
I do not know anything about that
Iam the one who dumped some shares as I wanted to invest in some other stocks for the short term. Made 16% today so it made sense.I own 1.5 mill shares so I am not going anywhere Maybe buy a few shares to bring it back to 8
Ok, So I talked to the boss today. STILL awaiting the audit but he said that he is going a different route with private financing. The financing is coming in due to a certification on the of the computer models The financing will be in the single figure million. The orders remain strong and there been some new very large orders. he has a new computer that is out and google certified. The timing of the financing is out known but is sounded like it was inside of a week. Once the audit is complete there will additional financing coming in from another source.
I just spoke to the main man. The auditor asked additional questions on friday and the 3rd party accounting firm addressed them this AM. The questions were addressed. Once the 2018 audit is done they will be able to obtain additional financing. It should be any day.... if the Auditor stops asking questions and signs off on 2018.
He said the orders are continuing to back-up and are increasing. I said that I felt that was weird because the kids are starting to go back. But he said the kids that have gone back some are getting sick and that is producing more orders. There is no increase in shares nor are there and plans to do so.
From what heard yesterday they were hoping that the audit would be released today before the auditor went on vacation. This would apparently be the missing piece to get financing to fill the orders. The orders are there just need financing to keep going. they can get the financing just looking for the right terms. I would think that if they complete 2018 today then financing next week. work on 2019 audit is underway. They are also Working a Google certification for a new model. Big deals with verizon and t-mobile news coming soon. This stock is not for the patient I have waited 3 years for this and I think that another 45 days everything will come together. Hoping for $5/share by Q1
talked to the boss today. He said that the Governor of Washington called and wanted 30,000 windows based computers an order which sector five can fill right away. The BOD audit firm confirmed the numbers today so that will be provided today or Monday which is supposed to be the final step for 2018. Once that is done more money will come in and that can be used to order more computers. The parts issues still exist but China is in holiday mode right now Once the holiday is over the parts issues should be less of a problem.