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Tell me I'm worry,
We lost the court case big time. What ever happened to Ken's famous retort "they don't know who their messing with"? Well, Goodbye Rabbit!
Realistically, if you take the money
but don't use it for it's intended purposes that creates a whole new set of legal problems. I would feel more comfortable if I knew for certain the entire settlement was being held in escrow until after the GRAFF IPO was done.
Obviously, you need to hit the ground running. If you don't have a great business model with fresh products that generate sales you're just burning money. If it takes another year to come up with that business model with great products as someone here hinted, so be it. Just saying, GLTA
Yeah December, great month to take a tax loss.
I thought you guys were going to say September and somehow the prospect of Christmas sales. Didn't mean to hurt anyone's feelings, just being honest. I have a history here and have generally told it like it is. So here it is:
Somewhere buried in Ken Hurley's garage studio tapes he stated that his hope was the valuation of SDVI price per share would be equal to approximately ten (10) percent of GRAFF. Granted, it was articulated as a "hope" but it was mentioned as a factor for SDVI stockholders to consider in their decision to convert shares to GRAFF. An argument can therefore be made that GRAFF shareholders cannot be be made whole without some consideration to brethren SDVI left behind. Review the tapes if you doubt my word. The counter argument is it was not stated as a guaranteed 10 percent PPS even if the GRAFF IPO went off smoothly without a hitch. GL guys.
Hi Johnny. You're Post of the Day.
One additional scenario would be GRAFF stockholders receiving SPDC stock as a negotiated settlement. I doubt if it will be $50 mil though. What that means for SDVI shareholders? Probably nothing. Just speculation, not a pump. I think everyone has learned their lesson here. GLTA
True, but it is a technology with a short shelf life.
How much committed are these guys? Too many players offering much more. Just saying. GLTY
What the company needs right now
is an open letter to remaining TDEY stockholders. Explain the direction the company is moving and key personnel involved. One page, be specific, no disinformation. Explain why business plans in the pass have failed. Tell how this time it will be different and will succeed. IHUB Moderators post it please if that happens. GLTA
But you have to admit, it was beautiful.
I think at one point even Mart participated with some promise that did not materiel. All perfectly legal I guess. Well, unless there is actual news by Friday we're back to 0.0001. JMHO
Only Ten (10) more days left.
You made an interesting observation. I was also struck by the following line: "The resulting Ants Software Inc. Texas will also have a six month (6 month) restriction period." Why not a one year restriction? Something's up after offer deadline expires, JMHO, I'll shut up now for the quiet period. lol
Looks like a one man operation throwing
darts at the wall. Maybe he'll get lucky. GLTY
Are you guys expecting some news after hours? tIA
I haven't bought one share under current SDVI hype.
Bear in mind that any favorable settlement would have to go to GRAFF stockholders first. And in fact those lawsuits were filed on behalf of Graffiti Entertainment. If a favorable settlement is used for purposes other than making GRAFF stockholders whole, IMHO the SEC would step in. Management has already been granted a grace period for some time now. To uses GRAFF monies in any other manner would be illegal, IMHO. GLTY.
Maybe some news after hours? Maybe not.
The business line is definitely all over the place.
Ideally, if he can get a judge to give him time to find a buyer that would be beneficial to all. 60 days take it or leave it.Take a minority interest no greater than 5 percent and go quietly into that good night. Not saying he's guilty of anything, just business.
Hi Guys. Maybe I got my stocks mixed up but
Isn't tomorrow a court date for someone or something? I thought I read a post a while back. TIA for any update.
A new CEO could change things. Has that or
will that happen? We'll see. GLTA
The question has been asked over and over
by forum members, what is the value of Ants Texas? I'm not an attorney but I believe the answer presented is that Ants Deleware is delisted stock. Certain restrictions apply as to how it is handled. It is not being sold, exchanged for real value or given the appearance of such. The discussion has been framed as a Moral Grounds offer. To provide more info or financials on Ant Texas than you already have in front of you would deviate from this format and creat problems. You might be convinced Ants Texas is worth more than the offer, or you might have derived that it is worth less than the offer. Ants Texas management would maintain that's not under discussion.
Again, I'm not an attorney. JMHO. I have not spoken to anyone. I know nothing. GLTA
Sorry to break my promise of silence.
The Ants Texas shareholder invitation is somewhat unclear. Can you do a 50:50? Or is it all or nothing? Some shareholders may still wish to hedge their bets. Will partial Ants holdings be honored? I don't own Ants Deleware but in fairness to you guys I'd like you to know all your options.
Also, I'd be interested in hearing from someone who has taken up the moral offer and received their documents. If it actually reads one-time offer that might be significant. Well GLTA.
Exactly! More P&D.
Will somebody please post today's PR. TIA.
If truth be told, we've always needed Ants but
without that huge debt. This strikes me as a way to alleviate that problem and start out fresh again. I'm going to attempt another break from posting again until May 30 deadline passes. I don't wish to sway anyone one way or another. Is this the last and final offer? Who knows? But why risk it? Good luck to all Ants Software stockholders.
Nice offer to Ants shareholders however...
I personally would have charged $500 Administrative Costs. What happens if you only own 10,000 shares? The last time I did something vaguely similar 5 years ago it costs me only $250. This must be leading up to something big. JMHO
Like I suspected all along.
Almost everyone is included in the new RDI. There are deadlines to adhere to but it's all good. Pigs get fed, hogs get slaughtered. GLTA.
Just to be clear, I have rooted for
both GTSM longs as well as ANTS longs. Why can't people just learn to get along? In that regard another one of those one-line official GTSM updates would be nice in the merry, merry month of May. Maybe a new public accountant valuation or something. It's probably too early to ask for a statement promoting some unity or something. GLTA
I'm wondering about 7th Level Entertainment.
Do they still hate us for poor execution of GRAFF IPO? Have we burned that bridge entirely? It's awfully risky but with $50 mil, the right script, the right director and actors...this still "could go to the moon". Give Mikko and Abondance walk on parts. Lol.
IMHO it depends on how favorable or
unfavorable a possible R/S might be. This one is truly an Unknown. GLTY
Something must be on the horizon if we win.
How will settlement monies be used? Ken still owns stock in both SDVI and GRAFF. BTW in full disclosure I converted 100 percent to GRAFF. Thx for the info. GLTY.
It certainly is nice to see
the possible SDVI turnaround here. If we win the lawsuit, the question will then be what the second and final conversion factor of SDVI to GRAFF shares will be. After 3 years, I am of the opinion Ken has some new marketable product under wraps or knows someone who does. If I decide to purchase SDVI again, it would be entirely on speculation on what might be that conversion factor for final round. Flipping, which I see as playing musical chairs, doesn't appeal to me. GLTA
Yes, I personally believe Graffitti will win its sue.
However, I don't believe IMHO it will exceed say $1mil. Yes, SDVI will benefit in the long run. However,a reverse merger is years away IMHO. Graffitti Entertainment would have to get off the ground first. The settlement money hopefully will go toward Graffitti seed money after lawyers are paid. I would recommend a letter to all shareholders mmediately after on moving forward but tempering expectations.
The good news, it will be vindication for Ken Hurley, Mart and others and highlight Ken's last retort, "they don't know who their messing with". GLTA
Loose lips sink ships.
It's one thing to lose one's money to a pinky company venture, it's quite another to lose one's IP to a competitor or unfriendly power. Generally speaking, nothing is ever as it appears. I tried to put this delicately as possible before. The old Galtech Semiconductor was always IMHO a quasi-government firm, a think tank plain and simple, never intended to turn a profit. Investors like myself scout for such firms in the hopes that the Government will release them from their mission and permit them to commercialize. IMHO this extends as far back as the infamous facility fire a dozen or so years ago that destroyed everything just prior to it becoming a major advanced semiconductor facility. But that's another story.
IMHO, Worth Porter Allred and likely his son Worth Clinton worked directly for the Government. Their assignment IMHO was to do research with carte blanche but promise research/IP would not wind up in unfriendly hands. Brilliant as Worth Porter was he was always operating in grey area. His mandate, implicit or explicit, conduct research and ensure said research or IP does not wind up in the wrong hands. I contend the Government always kept him in business doing his thing.
Both Allreds, father and son passed away rather mysteriously in 2011 less than months apart. And here, I'm really speculating. I believe Dr. Frank met with them just prior and there was a decision made for Dr. Frank to carry on the mantle and mission though perhaps in entirely different technology.
All this is to say; it is the Government IMHO that decides Dr. Frank's fate to commercialize his ideas or pull back. The biggest threat to the US economy right now is international theft of IP. My recommendation is everyone to just chill. Let's see a year from now where we are. If Dr. Frank actually gets the Green Light, IMHO both old Ants stockholders as well as Galtech, will prosper in the new RDI.
Please delete this post after 48 hours. No more posts for me for a while. Thanks and Good Luck Guys.
True. But not sure of how soon. Thx
I wouldn't be surprised if
a new CEO was in the works, maybe even a member of our happy forum. Looks more and more like a stealth buyout. JMHO
I plan on buying some GTSM warrants after Lent.
Until then, this is probably my last post. Nowadays I place my faith in church and less in chat rooms. I must learn to "forgive those who trespass"...even ANTS. So Good Luck all around, ANTS as well as hommies. Go GTSM, Go RDI.
The Invasion of the Ants.
There's a perfectly working official IHUB forum for ANTS stockholders to exchange opinions, vent and express outrage at this or that. That ANTS board averages one post a day, if that. Our GTSM forum has averaged about a half dozen posts per day. One Monday our forum totaled over 80 posts, ANTS had one.
It suggests that our GTSM forum has zero sovereignty over its "on topic, independent" board space. (This is becoming the closest thing to actually being in the Ukraine.) We are who we are, GTSM. Get use to it! Go GTSM!
Yeah, "Fool me once".
That said the 520 mil on Monday looked impressive. Something's happening. Whether it is worth more than .0001 PPS or just musical chairs is anybody's guess. GLTU, I'm sitting this one out.
You held up well today.
I don't expect any filings until maybe this time next year. I suspect the sudden influx of visitors was an effort to get GTSM to go public under the one year window. To attempt to bring GTSM public through bullying, treats, accusations and rants is definitely counter productive. (A rant is defined as making a dozen disparaging posts against your mother-in-law that could have been condensed into a single post.) We will go public when we are good and ready, until such time we remain a private company. GLTU - Go GTSM.
From a layman's point of view,
additionally to place your hopes around a $30K transaction or non-transaction is shameless. You might just as well say $300 or $30. I think maybe a $3M or even $300,000 figure might get a small audience. But what do I know.
But there I go breaking my own rule, pretend I didn't say that. Lol.
Way to Go! I also find as a general rule
people who try to trial their case on internet chat rooms and boards usually have no case. This is the US and there are official channels in place to address legitimate grievances assuming they have one. I just place them on ignore but that's just me. GLTU
Food for thought.
Garry Quintana did increase the authorized common a number of times last year. This begs the question, how many GTSM shares did Garry actually have control over? Did he for example have command over shares held by the late Worth Allred? Did the estate of that renowned scientist actually entrust family shares with Garry who is forgive me a nobody in technology circles or did they go directly to the esteemed Dr Frank Kautzmann and cut out the middleman. Honestly, I don't know. I await those filings too.
GLTU as well. Love the evil genius portrayal.
The so called mad doctor must be laughing his ask off.
For some reason this all reminds me of
Qualcomm the early years, lots of naysayers, different technology of course. I wish I had the funds to pick up some GTSM warrants assuming there are still any left. Oh well!