Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Counting $0 in revenue to release financial updates is extremely hard.
Who knows how long it took to figure up that entire $16k in "development costs" and the other "expenses". That's like accounting for a whole 2 people.
And then they had to go and subtract that from the $0 in revenue. I bet that right there takes a good 2 weeks worth of work to calculate those numbers.
Whew, who knows what wonders $SMAA will pull out next with all this evidence that they are hard at work! We may even see a PR release promising a product with deadlines they'll never meet again!
Can't even meet it's own deadlines. Sets it's own deadline for 2 weeks away, misses it.
Sets another deadline for within a month - and then 2 months goes by and they still can't hit it.
Typical $SMAA, always making promises to people and then never following through.
It's too bad lies and broken promises don't pay the bills, $SMAA would be hot!
More than 18 months since $SMAA has generated revenue.
If the stock was worth more, people would be buying it up. Let's see someone put up a "fake wall" on a stock that actually has value. It would get knocked out with the quickness because there is no such a thing.
It's a great idea when you are the majority stockholder and the company "owes" you $8 million.
Then you can just reverse split, issue yourself more stock as debt payment, and use the buffer created from the reverse split to dump more shares onto unsuspecting investors.
If you want to see their playbook in action, check out their other stock $DEAC which is about to reverse split again(first approval notification filed 1 month ago). It was $3 a year and a half ago, and is now $0.04.
They'll raise the price up, pay for promotions and dump the stock all the way back down to worthless again.
It's what they do. The only thing $SMAA is able to produce is hype. They sure can't generate actual revenue or put out a product. They can't even update their own website.
$SMAA is $8.4 million in liability/debt.
Most of it owed to the majority stockholder that lives off selling the stock.
They will reverse split and then issue stock back out to themselves again as "debt payment".
Same as usual.
Reverse split is coming.
Majority stockholders need a buffer to sell their shares off.
Counting a counter suit in a lawsuit against $SMAA is a sign of extreme desperation.
It's a shell company. Has been for almost 2 years now.
They setup their own deadlines for weeks away, and 2 months later and they still can't meet their own goals.
$0 in revenue for over a year.
Virtually no development costs on recent financials.
The reason they are 2 months beyond their own dates is because nothing is coming.
Classic $SMAA - pushing out the hype, but uses all the money they generate to live on and are unable to put out an actual product.
$SMAA is a shell company.
$0 in revenue for over a year.
2 months now that they have missed their own launch dates on the game. They can't even make their own goals because it's a good bit easier to make claims with press releases than actually put out a product.
Reverse split is coming.
They will reverse split before they release the games. The owners live off the stock and the only way they can start making money again is if they can dump shares off.
Their other company is in the process of reverse splitting right, less than 2 years since the last time they reverse split.
The other stock is about to reverse split again.
How is that alive and well?
There is no potential $600,000.
It's a counter claim designed to try and scare the other party that is suing them, not a claim in itself.
On the chance they did win such a claim, it's unlikely the other party could/would even be able to pay such a large sum.
Even if you wanted to claim lawsuits, you still have to take off the large amount of lawsuits against them, some of which have in the past caused their accounts to be cleared out by court order.
Why do these truths not matter?
It is available for android.
It's not that good to be honest. I made it by myself, bought the artwork, took me little under 2 months working 60-80 hours a week on it(normal work week for me).
I should have made a different type of game, but it was just a dip into the market testing the waters and didn't have development time available to do bigger.
It seems to be too hard and that is after I made it easier multiple times.
And of course, that is why I am looking at the $16,000 spent on development costs by $SMAA and know there isn't much they could have for games. I figure they are at best re-skinning existing games.
But here, you can check it out. Written in C# using the unity3d engine. It was fun to make anyway.
Chiyome - Ninja Warrior
There is no $600,000 in cash. At all.
I am a developer. I just released a game in July.
As such, I know what people make and what kind of deals they are getting.
If they are only able to hire developers who will take a % of things, then the situation is even worse. Because the only people who would take such a deal are people who are unable to get real jobs.
Not to mention said developers would just make their own games without them if they have to pay for themselves in addition to doing all the work. What do they need $SMAA for if they are paying for themselves, paying for the resources and doing the developing work themselves?
Also, if they were to pay a developer that, they could only have 1 game total, not multiple games. And that game would be pretty limited.
So basically, all your "what if" scenarios all say the exact same thing I'm saying - there is nothing of substance here.
IOS only makes up about 15% of the app market.
Android makes up 80% of the app market.
Additionally, if they were to only market to the newest version of IOS, the % of the market goes down.
It is true that IOS generates more revenue per user on average due to apple users generally having more money. But due to the much larger market, the android market is the one that will be the most users and most profit in the end.
A few years ago apple dominated the app market. That is no longer the case. When I released my game on android, it was compatible with over 8500 devices. If I were to make the same game for apple, it would reach only 3 or 4 devices.
So I guess this is just another area where $SMAA hasn't done it's homework in the industry they claim to be entering.
There are no games - the financials prove it.
They have spent $16,000 on "development" as of August. That is not enough development money to develop any games that are noteworthy. That's only enough money to pay for a single developer for about 3-4 months. And that's only if the developer is working really cheap and below market value.
It's no wonder none of the things they've claimed were coming haven't came. They aren't paying for it - the same exact thing I came across when I worked for them.
I see Tony has paid for another promotion.
Only $16k in development costs?
That doesn't sound good for the games note. No way they are putting out anything of quality with that kind of money.
And $0 revenue - Just as I told everyone months ago.
What is worse, dilution risk or reverse split risk?
Seems like something has to give here because the owners live off the stock they sell.
This company will only lose money in the future.
It's obvious they do not have things together. They released their own deadlines months ago and those dates have come and gone. Multiple times they have missed their own deadlines.
There is no sign of an actual product, and even what they have described in their press releases is a failed business model from 10 years ago.
Good News!
I paid off my car yesterday a little over 1 year after $SMAA screwed me out of 2 months salary.
$400 left on my CC to pay off, and I'll finally be over the ill effects of working for $SMAA and the debt I was left with in addition to the lack of salary.
The best part is why I was able to pay it off early.
Future is looking bright after what was one of the most miserable financial years of my life thanks to $SMAA.
Are the current 2's not a good deal in your opinion?
If everyone who thinks the stock is going to do bad is someone trying to get 1's.
Then what does that make the people who do nothing but pump all day? Does that mean they aren't buying and are just sellers?
Yeah, have a hard time believing them myself. They don't seem to be buying all this cheap $SMAA stock themselves.
Everyday they talk about what a deal this is and how it's going places. Reciting the same exact press releases over and over in some cases.
With projection dates that have come and gone no less. The dates set by the company itself and couldn't meet them. How bad off is a company when they can't even meet their own deadlines they set? And when they set them, it was a matter of weeks away and now it's been months if you go by the original 1st time they said games would be released in July.
But I wish something would hurry up and happen. I doubt I'll ever get paid, but seeing who this all works has been thoroughly educational. Knowing the company, I'm curious as just how far hype can carry it.
When do you think the games will be out?
They set their own deadlines in the press releases, and they set them for a short enough time that it made it seem they were eminent.
What's the hold up?
Reposting old press releases from months ago that you post every couple of days is not a DD report.
That's not evidence, that's PR.
If they were a company as you claim, then instead of a PR saying they were doing something(and then continuing to fail to meet the dates they themselves give them) it would have been the games were released, the websites were update and available and it we would have seen an announcement where we could see such.
You make a press release say anything you want.
And, even the model they talk about in that PR is terrible and won't make legitimate money. They are as clueless about the gaming industry as they were the auto industry.
Where is the evidence of it?
Because you say no PR needed, but that's really all there has been lately.
Right, and that is why you attack me every single day on these boards. Even when I don't post for a few days, I come back to you attacking me out of the blue.
You are upset because I post the truth about $SMAA and debunk all the lies people post trying to save investors money. So you try to attack me personally.
It's hardly a new tactic. Just like claiming you are buying when you are selling is not a new tactic.
Be careful of a RS.
They just approved an up to 1 for 1000 reverse stock split on their other stock. It just had a RS a little over a year ago, went up to $3 and now down to $0.06.
$SMAA might not be too far behind.
They just filed a schedule 14C over there last week, and in it the "majority of stockholders" decided:
(4) To approve of up to 1 for 1,000 reverse stock split, at the sole discretion of the Board of Directors at any time within one year after the date that is 20 calendar days after the mailing of this Information Statement.
I doubt it.
Most of these guys are insiders who are selling, not buying.
Check the sticky James left at the top from April.
Claims trips would happen tomorrow then.
Here's the link in case it gets unsticked.
James is a promoter, not an investor
closed at HOD, will run out of trips tomorrow, good luck chasing !
$SMAA is not fighting hard.
There is no evidence they are even operating as a company. They can't even update the most basic parts of their company website.
And for the record, the August deadline for the games was the 2nd deadline they gave. They originally claimed they would be rolling out back in July.
$SMAA is always about delays, and the end product never gets there. My pay was delayed - forever.
What is the nature of your query?
They have a copy, they just can't do anything with it, thus they don't have a working copy and what they have up doesn't work at all - try it for yourself.
And I didn't work for them "years and years ago", I worked for them last year. I got to watch $SMAA turn into a shell as they moved all assets over to DEAC. That's how I knew this company was a shell long before they announced the "games".
As for making contact with them - they quit returning my emails a long time ago. I already posted the last responses I got from them here.
It's funny watching Tony's friends come out of the woodwork to defend him. You remind me of his sister.
The stock going up isn't going to generate revenue for the company.
If they ever release games, and if those games are actually good - what I say won't matter at all.
Tony and Sarah could always try to be a decent human being and actually pay me because it's the right thing to do, rather than being total scumbags. But that's apparently too much to expect.
If you want to get rid of old ghosts, fix where they were done wrong.
Keep this in mind: All I ever wanted was an honest paycheck for honest work. I kept up my end of the deal, and was even flexible beyond reason - to the point where it screwed me over big time.
Seems exactly the same to me.
I don't work directly in the industry anymore, but I'm not completely out of touch with it. As I said, what I created before working for SMAA is working on software I designed originally back in 2005 and hasn't been changed/updated in 3 years(probably longer really).
What changed was they could no longer spam people on Craigslist and their existing business model based on practices that could have gotten them sued for TCPA laws no longer worked.
That's never been an industry standard, and such sources are low quality, low paying(if you can find buyers) leads. The prices $SMAA negotiated and were getting paid for the leads they did generate was mindblowingly low. They were getting $1 for leads where the industry average is $8-$10. Some sources can demand as much as $20 per lead. With zipback coverage(which I'm proud to say I had a hand in implementing for the industry and was the 1st company to do so), you can get upwards of $30 a lead.
Then they had another source that was paying up to $4 per lead. Same source pays my old company $8 minimum, $8-$12 depending on the vehicle, they got like $1-$4. That source eventually dropped them due to no volume, and many complaints when they did send some volume(but they could have gotten them back IMO).
The companies that I did business with are all still the ones doing business today.
I have the only working copy of classifiedride.com if that's what you are asking. I even sent it to them - but they weren't capable of understanding the code and couldn't do anything with it. I doubt any of them had ever seen object oriented code before in their life. As I said, they have been a shell for over a year now and can't even get their main website updated.
I was employed again within a week and moved out of state immediately(had to move, got kicked out of my house due to not getting paid and working for nearly 2 months for free), so the labor board doesn't care since I didn't need unemployment. Lawyers say I have an easy case(I have all emails, all text messages, everything), if I want to either give up 40%, or pay them directly - and then likely never get paid anyway.
So yeah, not only did I do what they paid for, I did about 300% more than what they paid for. Especially since I was agreeing to work for well below market value as I build real companies that generate real revenue, not shell companies that only generate money by scamming investors.
The car company I built before Tony is still running today and generates mid 5 figures in revenue a month - code that hasn't been touched in over 3 years. And that is while it's being considered somewhat at the end of it's production, it did do millions of revenue a year previously.
That is how bad a company $SMAA is. They get a programmer with 15 years experience, 10 years experience directly in the same industry they are in. Someone who built up a successful auto lead company - writing all the code by myself. I lived in Silicon Valley for 10 years and have even helped companies launch some of the auto industry standards. I've gone to dinners with leaders of the industry, done business with all of them for years - companies that won't even talk to them.
And yet - something as simple as paying an employee on time is something $SMAA was in capable of handling. Even after going through it not once, but twice, and sticking with them after the first time.
Tony screwed up and he can try to blow it off all he wants. The bottom line is he was incapable of keeping even the most basic functions of an operating business going. The only thing the man is capable of is scamming people and making excuses. Everything is "tomorrow" and "next week" and you know exactly what I'm talking about.
He is easily the worst person I have ever meet in my life, and that is not an exaggeration. I've meet a lot of people who did screwed up things because they were put in a bad situation, but he is the first person I ever meet who just does it for habit and a general lack of care for other people.
That is $SMAA and that is the company you are all putting your faith and money in. Meanwhile, if he can RS on you all tomorrow for a few extra dollars, he will do it in a heartbeat.
Tell Tony I said hi and that he's welcome for the game idea. Please generate some money so he is worth suing please.
They are not current on the financials either. They posted a new update a couple of months ago, but that wasn't even the current one, it was like 6 months old already.
The only reason they did that is so they could get that warning thing changed a bit.
There hasn't been a single sign of life from this company outside that 1 outdated financial update and PR claims.
They haven't even bothered to make the easiest of updates to their own company website. Which for an active and real company - would have been one of the first things done, especially one that is public.
$SMAA is a scam company. They scam employees, they scam programmers, they scam investors and they publicly gloat about it on facebook.