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No, they were crawling craigslist for phone numbers and then spamming people with text messages for traffic using twillo(automated text messaging). Which is extremely illegal and against the new TCPA laws that went into effect in 2013. They were lucky to not get sued for millions really.
Btw, as for shareholders - Tony and Sarah are the majority shareholders. They are the ones that screwed me over. They can make it right if they want, but they don't seem to care. So if you believe I've damaged the shareholders, it's just another sign of their incompetence.
It's not as if I said - hey I want to work 60 hours a month for almost 2 months at below market salary, have to take out loans to live and never get paid. The not getting paid part was bad enough, but that I could have been doing something else that entire time to get paid and they did nothing is what really makes them POS.
Yeah, they quit paying their employees. I was there when they became a shell company and I exposed it here already.
The revenue they generated back then was done illegally as well.
Funny, I was the one who exposed this company for being a shell. That they hadn't produced revenue in a year, that all the services they claimed to have didn't work etc.
And then that turned out to be proven right when they finally updated their financials.
I know these people, they live off selling this stock. It's their source of income. They'll either release a ton more stock or implement a reverse split just like they are doing now with their other shell. The majority stock holders, aka Tony and Sarah will obviously approve the move behind the scenes as they can for being majority stockholders and the rest of you will read about it here.
That's the fact of this company and it's owners. Terrible people who scam people.
It's history, not opinion.
First hand history and knowledge. And it's obviously been verified yet again because they couldn't even meet their own deadlines from their PR.
They didn't meet those deadlines because they probably never had any plans to meet them and/or they once again couldn't stay involved in the development process and flaked out on everyone again.
They are scammers. That's a fact.
They aren't working on those. They claimed they would be out in weeks and set their own deadlines. At this point it's rather obvious that just like everything else, they are unable to follow through.
Coming up with ideas is all they know to do. When it comes to actually implementing them and all those things - they are completely inept.
I saw first hand.
The only thing long overdue are those games that were supposed to be here like 5 months ago.
Weird how a shell company can get so hyped.
Reverse split coming before any real news.
reverse split is the only way this stock is hitting trips.
And with no bid, it's even more likely today than it was yesterday.
It's odd that people think it's going to go up so high, and yet - there is no bid. Nobody is even buying this at the lowest possible price.
No bid = fake wall of 2s?
Plenty of 1's available if that's what you believe.
Yes - inside info of sorts. They have nothing of value to damage. As I have pointed out for the past 6 months or so, this company has been a shell for over a year and half now. The systems they claim to have no longer worked, the business models they did have was based on illegal practices etc.
It's impossible that they have had $600,000 damages in anything. On top of that, it's a counter claim which is obviously meant to try and scare the plaintiff.
It's not that hard to see it's frivolous.
The only thing of value $SMAA has is this ticker and the shares.
Is my view broken or is this no bid?
There is no lawsuit.
There is no real lawsuit.
It's a counter claim and it's only done as a lawyer tactic trying to scare the other guy. If there was actually something to it, it would have been an original claim rather than a counter claim.
So if that's what you are hoping for, you might be better off buying some lottery tickets.
Why aren't all these shares being bought up if you guys are so sure it's heading up?
I'd be buying like crazy if I thought the stock was going higher. Of course, if I owned $SMAA I'd be selling like crazy but that's another discussion.
No revenue, no product in well over a year and a half. Shell company.
It's not investors selling shares.
The only sales they will get are the ones they pay for.
It costs around $3-$5 per user to acquire new US customers.
You can get gamers that don't speak English for about 50 cents a user. And then for countries that had decent numbers of English speaking customers you are looking at around $2-$4.
That is if you want the kind of volume required to actually make buying users worthwhile to begin with.
Just did all this a few months ago. Does not work. I've already hit this market and moved on to much greener pastures. All $SMAA can do is promise they are going to enter it. I produced a game that is probably higher quality than what they are working in less time than it's been since they announced their games were only "weeks" away.
Thousands of new games hit the market every day.
It's an extremely hard market to make money in. They aren't going to make a dime.
Reverse split is coming before games will.
If they are actually working on games, it will be apparent quickly they won't generate revenue. That leaves the owners having to sell stock to make up for any money lost.
Reverse split, then maybe games so they can try to get more hits on the stock.
Free money when you don't buy the shares to start with.
Reverse split is coming for $SMAA
The problem is: The owners only make money off the stock and games require a good bit of development investment which they aren't prepared to make.
Reverse split is the most likely outcome given that there is no actual company behind all the hype.
Is it 2 or 3 months past deadline now?
Hasn't put out a single game and yet they are a hot gaming company?
Does anyone really buy that kind of stuff?
Yeah, months ago that was coming.
Even if it does come, you can tell by the amount of money they have spent in "development" that it's not going to be anything of actual significance. It does take money to develop you know.
That's why I won't be surprised if they updated the financials so they can reverse split.
Their website expired!
It wasn't changed, they just apparently can't afford or don't have a use for a company website anymore.
And we are supposed to believe big things are coming from a company that can't meet it's own deadlines and can't even maintain a $20 website?
It's beyond pathetic.
Updated financials are for a reverse split.
The owners of this company live off selling stock, that's a fact. They do not have real jobs outside hyping up stock to investors, and even that it limited. Half the time they weren't even up until 5 in the afternoon because they were hungover from the night before.
This company has $0 in revenue, is unable to meet it's own deadlines, and still hasn't put out a product.
This stock will reverse split, then they will pay a company to hype the stock and get the volume up while they sell more shares while the stock declines.
Rinse and repeat, they do it over and over. They are so successful at it they are now doing it with multiple stocks.
They are professionals when it comes to ripping off investors.
lol, people pretending yesterdays volume was on the 2's.
Desperation is high here.
Chart looks like a ski slope.
They had their bank account garnished because of debt.
How is that not toxic?
The majority stockholder is not the company.
He just runs it behind the scenes and sells overvalued "assets" to the company for shares.
I'm pretty sure no bid is less than .0001
And I'm also pretty sure they can reverse split and then dilute the stock again and that is also less than .0001
And given that $SMAA is making $0 revenue and is only able to generate actual revenue with a profit, the only source of money for this company and it's owners is the selling off of stock.
Which they do daily @ 0.0001 because it's free stock to them.
Selling at .0001 makes perfect sense
When you are someone who is getting shares for free.
Why would people have an ax to grind unless this company is a scam?
I don't have people going around with an ax to grind against my company now for some reason. The one that generates actual revenue/profit and doesn't live off creating fake entities to sell to itself in exchange for stock to profit off.
Financials have to be updated to reverse split do they not?
Reverse split is next.
Getting everything updated so they can do that.
$SMAA financials prove it's a shell company.
Broken promises is all SMAA has to offer. $0 in revenue and dev costs that are nothing more than tax write offs for the owners.
3 months it took to update basic financials. Something only a shell company would struggle with.
3 months since games were announced to be released - still nothing. They couldn't even meet their own deadlines.
Shell company, $0 in revenue for over a year now.
"Hot video gaming company".
Wow, I had no idea a company that has yet to release a game could be considered a hot video gaming company.
Look out Rio and King!