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Can you please explain to me how them owing money to lawsuits is a positive thing.
Because I don't see how owing over $200,000 in lawsuits while reporting $0 in revenue and a $40,000 loss in operating expenses is a good thing.
No debt? Are we reading the same report?
They list owing more in lawsuits than they have assets.
Oh just stop it with this viral stuff. They aren't even claiming to be making those kinds of games, they are making games where the rewards are the draw according to their own press releases.
You are basically just making up lies.
So they have no cash and multiple breech of contract lawsuits.
btw, in case anyone didn't know, the millions of dollars owed by the company to "Baker Meyers" is Tony Baker and Sarah Meyers.
Why were my posts deleted?
Not that I can remember.
I worked directly with 2 other programmers who have the initials J.S and C.S.
There was another guy who's first name started with a T, but I'm not sure that he was directly employed and/or had the same type of deal with them. It seemed like he was just kind of a partner on a site or something, I couldn't tell.
There was another programmer who apparently quit as I was starting. They said he seemed "burned out", but then eventually it turned out he just left for another company. His name started with an A. I never met him, just heard him mentioned and saw where he had gone elsewhere.
I worked for them from October of 2013 until around June/July of 2014. I was told in like March/April that the other 2 programmers had been let go. This was after the first time I didn't get paid(1 month). They claimed they were restructuring is the only reason I kept working for them at that time(and they started catching up my pay).
That said I always wondered if they did actually let them go. I can say after that point I never worked with or knew of the other programmers working on anything. And none of the systems they had ever progressed further. Not a thing has changed on their websites in the past year. So I believe it to be true.
The exception to that is the guy who's name I mentioned starting with an T, which is why I think his deal was different. He was still around.
Other than programming types, the only other people I knew/dealt with was Tony and Sarah. They had a guy named Matt who was always hanging out at their house and he did odds jobs for them. And then there was mention of Troy, but I never meet or talked to him.
They don't have an actual office so you don't see/meet everyone. The 2 programers I mentioned above didn't live in the same state. I think both lived in Texas, I know 1 did for sure. I lived about an hour away from Tony and Sarah, but only drove in every other week to meet with them/get paid. Most of the time everything was done over skype chats.
So as best I know, everyone other than the names I mention above were already gone. I came in at what was effectively the very end of SMAA. It was basically over before I got there, they just didn't know it yet.
Ummm, ok.
I think I'll be taking the advice of my lawyers rather than spend even more money and never actually get paid or give up 40% to lawyers.
Also, thanks for your concern on how I spend a few minutes of my time per day.
The way I see it, if they want me to shut up - they still have my bank account information.
They have nothing of value.
I've talked to lawyers, I have an easy case. But as they have nothing of actual value or money I'll either have to take shares of stock or I'll just end up as debt on the books. It was doubtful I would actually get paid at all.
It's currently not worth pursuing - and that is based off BOTH their companies, not just SMAA.
Which is why I hope what they do here is actually legit and actually does make them money so that I can sue them. I would love to be wrong about what they are bringing out, because that means money in my pocket.
I have 2 years left to sue.
But the hype and pump doesn't do me a bit of good. I've pretty much accepted that I likely will never get paid. Sure wish the hype some put out was actually true.
btw, sorry but I don't have PM enabled on my account.
So I can't respond to private messages. However, just to vaguely hit on things said:
I'm sorry you also got screwed over by Tony, it's not a surprise. But I don't think I'd be very much help with your particular cases. Of the things that have been mentioned to me, I have not been familiar with any of the deals directly. I am just a programmer/developer who worked on unfinished projects they had or worked on new projects completely. I post most of what I know and think is relevant.
----
And yeah I saw she was listed when I looked yesterday, but I'm not sure when it changed. I could have swore I saw Tony listed recently, but I can't say 100% I did. So maybe something has changed there.
But I don't know her personally either way, so I don't have any information on her sorry. Good luck, I'm interested in it as well so I hope you find out more.
I've already backed it up.
I even gave the dates, my identity in some places and even posted a copy of an email where they admit to owing me money.
I think at this point it's pretty much accepted by everyone that I do know what I am talking about. Most people just look to the future and hope to ride the hype.
Why do you get upset that someone is posting information about the company? If you don't like the information or think it's valid, then skip over it. Personally, I think some investors might very much like to know how the company operates and what kind of things they can expect from them.
Especially those who might end up buying at higher prices.
Thus far I have been 100% right about everything I said. When I started posting they didn't even have the game stuff going on, it was all the old stuff about automotive leads. I said those systems didn't work, that none of their claims at the time were true and that the company had been nothing more than a shell for the past year. And that was all proven true when they announced a new direction for the company weeks ago.
When it comes to the gaming stuff, I don't know anything specific about what they are working on. I haven't worked for them in about 1 year now. However, I have developed a game and everything I've said about the industry itself is 100%.
And no matter how you want to slice it, the amount of resources required to be successful in gaming or to produce anything of note is beyond anything they've shown(they don't even update financials after saying they will). And in their own news release they told the directions of the game with "rewards" which means they are likely reskinning parlor type games on a business model that has been tried over and over for years.
Maybe they will release games that exceed that expectation or go a different route. But I will be surprised if that is the case.
Of course, there is a reason you are upset and no matter how much you want to justify things, in the end someone holds the bag.
It's your money.
If you think it's wise to invest in a company that can't even keep the promise of updating their financials weeks after it claims it will be a couple of days, then that's fine with me.
I'm mostly curious at this point to be honest. I know these people and I know they do nothing but sell BS. So I pretty much know nothing real is ever going to happen with these people, although it would be nice for me to see $SMAA do something.
But I don't know how far a little hype can/will go. So I wait with curiosity. All I'll say is if you hope for more than that, you'll likely to end up holding the bag. And I feel sorry for those who buy into the lies the pumper sell.
Monday will be 28 days.
As a dev myself I can understand the games being held back, or other development being held back.
But the fact they said the financials will be updated in the upcoming days and it's been almost 4 weeks is pretty inexcusable. That is not a matter of developers, it's a matter of Tony and Sarah doing it.
They filed multiple 8k's on their other stock this month and took out huge loans/got investments is what has happened here IMO. That stock is still in a freefall too, reaching 52 week lows basically every day.
All evidence points to $SMAA is still taking a back seat to $DEAC. Unless things have changed in the past year Sarah does the filings for both companies.
All they will say is soon. Not really much need to contact them, they will just push it off.
I was told I would get paid the next day for over a month on 2 separate occasions. 1 time they ended up actually paying me, the 2nd time I gave up.
I talked to Tony every weekday and it was always "investor check clearing any day now", or when they were launching the other company "will start trading any day now" but then took like over 2 months.
They are quick to make promises/claim and then never follow through. The "news of news" and a promise of financial updates within days and everything else is just another example of my personal experience with Tony and Sarah.
They will probably update someday, but I don't expect much.
I do not know who Andrea Smith is.
It's been a year since I've dealt with the company and never heard her name.
Is this a new name where something has updated?
"First, we will update the financials with current information on OTC markets within the upcoming days."
That was said 22 days ago.
Typical Tony.
Promotion for their other company starts today. Wonder if they are starting a similar campaign for $SMAA.
http://www.otcdynamics.com/$deac-elite-data-services-inc-promotional-campaign-starting-aug-2-2015-1110-am-cst/
list of promoters and past promotions etc:
http://www.otcdynamics.com/tag/DEAC/
The owners and insiders dump 5's.
If someone is building a house, you expect to see signs of construction.
All we've seen so far is a sign on an empty lot for a business that stopped producing revenue 18 months ago.
If they were making a legitimate business in the manner they are speaking, then there would have been other signs of it.
They claim they have multiple games. Ok, in order to make multiple games, you would need to hire a bunch of developers. You need a studio, you need licenses, you need money and it takes time to develop.
That in itself would be things you would notice. You need office space, you need people to manage, etc. But it doesn't exist.
Those big viral games made by companies like King and Rio have lots of people working on every little detail of the game. It's called flare and it's a BIG BIG deal in gaming. There are tons of games out there just like them that aren't the same because they lack it.
So lets assume they are instead using freelance type work. Right away the quality of the game is much lower. The amount of hours being put in just isn't near the same.
And this is still somewhat expensive. You need someone to do art, someone do graphics, someone to do programming. They way I did it, I outsourced everything but the programming and that helps costs for a single dev. But you are still looking at anywhere from 1 to 3 months dev time, and that's just for a somewhat basic game.
But they say they have multiple games. So that means many developers even in this scenario.
If any of this was actually going on, then $SMAA would be updated financially before they even released news. They would have a website. These are people who released news of news going on 3 weeks now, but supposedly they've been working on these game, put all this effort into it but can't even put a working phone number on their company website?
Not buying it.
If there is any games on the pipeline, they are what are referred to as a reskin. Some of them you can actually buy for $5.
Here's a candy crush framework for $60.
https://www.assetstore.unity3d.com/en/#!/content/13640
There are plenty of others like it everywhere. There are thousands of them out there, but like I said - lack the flare to compete.
Rewards isn't going to bring people in either. That whole business plan they claim is terrible even if they were able to pull it off.
And if they are throwing around a little money to a dev or 2 to push out that kind of stuff, then it's going no where and it will get there fast. Based on their not updating everything or putting any actual attention here, this is likely best case scenario.
The only other chance they have at making money with this thing is to get lucky, hit on something that people find addictive and then put ads or in app purchases with it. Which isn't very likely, and isn't the type of games they are claiming to have made.
News of news, that's $SMAA. I mean it's classic Tony, it's all he EVER says. That's what I heard the entire time I worked there and in the end it was always bullcrap.
This is a .001 stock currently trading at .005. Who do you think is selling?
Yeah the owners.
After 3 weeks looking like the "news of news" was just more hype.
You'd be better off playing the lottery if you are banking on re skinned games with rewards.
If they were putting in the kind of effort required to produce an actual good quality game then their website, the financials and everything else would have been updated a long time ago. Not only so they could raise money for it, but also because it would be the easier parts of what they claim.
Given they've let this shell sit here for at least a year now and haven't done anything, and it's now been 3 weeks since the "news of news", it's getting to be obvious it's just more hype.
Doesn't sound like people who are hard at work behind the scenes to me.
There is no good product in the pipeline, it's just hype. None of "your" games are going to go viral, you don't even know what it takes to go viral. Reskinned games aren't going to cut it.
You are not going to make an Angry Birds or Candy Crush. I doubt you even know what is needed to make them. Do you have any idea how many clones of these games have been made? Try tens of thousands.
Hell, you can even buy premade versions of these games for less than $100. But you aren't going to compete with them because you aren't going to get near enough flare in them to draw in users.
Furthermore, Angry Birds was the 52nd game RIO made. They had 51 games before that which you've probably never heard of. It's just plain out stupid to think you are going to make game that will produce money.
These games will only lose money, not make them.
I'm guessing things got delayed for $SMAA because they've been putting all their effort into their other company, $DEAC.
They've filed 3 8K's this month, the most recent came out Tuesday, which would explain the delay. Plus one just a week before as well.
http://ih.advfn.com/stock-market/OTCBB/elite-data-services-inc-DEAC/stock-price
It is to my benefit if the company does well. They owe me money, and if they actually generate revenue I can get paid. Thus far, the only thing I would have been able to get in exchange for the money owed is stock that I have no interest in owning.
It is not to my benefit if the stock is just being pumped while they dump, which is all I've ever seen from them. So I do not get excited at news of news, very true.
So I wait and watch. But then I see other people come in here and post hype that is likely not true and just people trying to raise the price to dump their own shares, I just feel like speaking up.
Just like this gaming thing. It doesn't add up. They are supposedly spending all this money to develop these products and yet - they haven't taken the time to do the little things like update the company website, financials, etc.
If someone is building a house, you expect to see signs of construction.
Hi, why do you hate DD?
I'm free to speak.
The authorities are aware of them, and not just because of me. I couldn't find a link again, but the Swedish government has even apparently put warnings out about them due to scamming investors I was told.
Some wheels just turn slowly.
For me personally, if the company would be legit and actually generate revenue it would be good for me as I still have 2 years to sue them. But the whole hyping the stock up and pumping and dumping it only benefits insiders.
Real DD around here = hate. Pretty much says it all about this company.
I'm a former employee who is owed money and wouldn't even take shares of this company as payment. And if for some reason I did want to buy shares, I've been around long enough to have a crack at 1's anytime I wanted them.
I just try to warn investors who might get scammed by the company/pumpers. Funny how some of you seem to hate that. Wonder why?
BUYER BEWARE! FREE DD ENCLOSED
This company has a long history of pumping and dumping. The owners of the company own multiple companies which they are currently taking turns on pumping and dumping.
Another stock of theirs($DEAC) is currently hitting 52 week lows on a daily basis. A stock that was at $3 a year ago is now only $0.10 today, and is losing 10-20% value on a daily basis. It was not that long ago, that they hyped up "gaming" on this stock, but of the casino nature in the Rotan islands. Which was really just a way for them to pass off some shares to friends.
It was pumped up just like people are pumping this one up. They hyped that one and claimed it would go from $1.50 to $8-$10 in the near future.
Now that it's in a free fall, they've turned their attention back to $SMAA to hype it up. They claim they've been working hard on $SMAA, but there is absolutely 0 evidence that shows it.
1. Their facebooks are completely empty and devoid of any information regarding $SMAA. Instead, it's all vacation pictures from Rotan and the promoting of Rotan.
https://www.facebook.com/smaalliance
This one they haven't updated since 2012.
https://www.facebook.com/pages/SMA-Alliance/120925791255904
2. Their website hasn't been updated still. They are working hard behind the scenes these pumpers will tell you, but haven't even bothered to update their own website to even change the news of news?
http://www.smaalliance.com/
Click on investors, even goes to just a domain landing page.
3. 2 weeks now since they've announced news of news. You tell me what is the point in announcing news of news? The price rose shortly, and then dropped back down. Just another pump for a dump.
4. It will be an absolute shock if they have anything more than games you can buy for $100 and throw a set of graphics on them so they can use them as hype. They are talking about multiple games, not a single game. A single good game will take months of dev time from multiple developers. But they are claiming to have a website and multiple games?
So they are basically indirectly claiming to have all these developers developing games and websites - Yet they haven't taken the small amount of time needed to update their financials? To update their own corporate website?
Eventually they will likely release some news, but it's going to be like everything else they put out. Nothing but hype.
So do yourself a favor if you decide to take a risk on this stock - get out quick because whatever growth you see off the hype will be short lived.
Good Luck.
$smaa facebook page has nothing.
https://www.facebook.com/smaalliance
It's been 2 weeks today since they released news of news. So it has to be pretty soon as they are nearing the end of the time they set for themselves.
Can you expand further on what you mean by things got delayed but is back on track now?
I haven't been able to find any press releases that talk about that, got some links?
Stop posting false information about the company and I won't have to debunk it.
The bottom line is what $SMAA is doing is not unique.
I'm just posting the facts and doing actual DD. Is it my fault the reality is negative?
More DD on $SMAA's "unique" idea.
http://www.swagbucks.com/games
http://www.points2shop.com/wiki/Playing%20games
This game specifically gives Amazon rewards if that is your thing:
https://play.google.com/store/apps/details?id=com.jdelrio.crossycastlerun
But it has less than 100 total installs, as people aren't jumping all over such things.
I could literally do this all day. There are 1000's upon 1000's of these things. $SMAA is not breaking new ground here, sorry.
An entire industry is unique?
Just do a Google search of "incentive networks" and you can find all different types of offers.
http://www.hongkiat.com/blog/cash-rewarding-mobile-apps/
Some even go so far as to give real money.
https://www.totalrewards.com/play
How about the 6 best free online games to win prizes?
http://www.techgyd.com/best-6-free-online-games-websites-to-win-amazing-prizes/3812/
etc.
So much for all the "DD" being done around here huh?
It was unique back in 2007.
Will that invoice be based on all 7 months you've said the same thing, or is it a 1 time thing?
Confirmed how?
More insider information?
They don't have a unique selling proposition.
Trying to reward people for playing is not new, it's not unique and it's not really a money maker.
Here's a book about it that's already 5 years old.
http://www.amazon.com/Game-Based-Marketing-Customer-Challenges-Contests/dp/0470562234
What an individual gaming company can expect in the gaming industry:
Only about 25% of the apps/games online ever get more than 1000 downloads. Only 12% get more than 10,000 downloads.
A single US user will cost a company between $2 and $5. You'll see places claim numbers like $1 per install, but the rates are way off.
https://www.chartboost.com/insights/#google-play
This for example claims $1.36 for google play. I use this service, and as of 2 days ago I could not get a US install for less than $2.53(and that was on low volume, only 7 installs a day, $4-$5 for real volume). Amazon is even more expensive as you can see.
$1 in revenue for a single user is considered a good average.
So, how are games successful in this environment? Because they become popular enough to get listed high inside the app stores, which brings in free users. However, you aren't going to get into that range without high numbers of downloads a single day.
You mention King, but King still has to pay for users to maintain their spots.
Angry Birds(made by RIO) had 51 games before it that you've never heard of.
Most games are unsuccessful. It's an extremely saturated industry where basically everything has been done 10 times over.