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Google Street View + DD [aka, the things I found out this summer. ]
Yes, Lenco was/ (is?) in the same bldg as streamtrack.
https://www.google.com/maps/@34.4146876,-119.6951725,3a,37.5y,238.44h,84.51t/data=!3m4!1e1!3m2!1s2dvAUkSEMxPUzNvQqiJMcQ!2e0!6m1!1e1
^ ^ ^ The photo was taken in Mar 2012. If you zoom in on the little sign sticking off the front wall, it does say Lenco Mobile.
An interesting read- may shed light on our CEO's connection to Lenco:
Lenco turned the businesses that it bought from Superfly into AdMax Media, a subsidiary that promises enhanced online and mobile ad delivery through proprietary technology.
AdMax shares a building with Lenco in Santa Barbara.
PREVIOUS PROBLEMS
SEC filings show that Superfly had purchased the businesses just five weeks earlier from Commerce Planet Inc. (Pink Sheets: CPNE.PK), which was facing a Federal Trade Commission investigation into complaints of deceptive business practices.
The FTC ultimately sued the company and two of its executives, alleging that many of the people who signed up for its “free” Internet auction kits wound up paying $59.99 for enrollment in an online supplier program. The FTC said people who discovered the unexpected charges had difficulty getting them reversed.
A California court issued a $19.7 million judgment against Commerce Planet, its chief executive, Michael Hill and Aaron Gravitz, former head of its Legacy Media division –one of the businesses acquired by Lenco.
That judgment was suspended because of the defendants’ inability to pay. But the FTC negotiated a settlement that calls for them to come up with as much as $1.2 million in reparations.
Hill, who is responsible for the biggest chunk of that money, now is president of Lenco’s AdMax unit. Real estate records list Hill as the owner and occupant of the condominium that the company is renting in Santa Barbara.
Some of Lenco’s businesses engage in domaining – the practice of parking highly trafficked Internet domains and filling their pages with ads. Others use Internet sites to gather names, email addresses and other information valuable to marketers.
Lenco Mobile Technology Marketer Files in Seattle
Lenco Mobile Inc. (LNCM) and affiliate Archer USA Inc., global providers of mobile marketing technology, filed Chapter 11 petitions in Seattle on Sept. 6.
The companies intend to strengthen the balance sheet and simplifying the capital structure, according to a statement.
Calling itself an early-stage business in the mobile engagement industry, Lenco had a $2.9 million operating loss on revenue of $7.9 million for six months ended June 30, according to a regulatory filing. The net loss for the period before preferred stock dividends was $3.5 million.
The June 30 balance sheet listed assets of $6.6 million against liabilities totaling $32.6 million, according to the filing.
The cases are In re Lenco Mobile Inc., 14-bk-16660, and In re Archer USA Inc., 14-bk-16659, U.S. Bankruptcy Court, Western District of Washington (Seattle).
To contact the reporters on this story: Bill Rochelle in New York at wrochelle@bloomberg.net; Sherri Toub in New York at stoub@bloomberg.net
Yup. That's what I did, too. Idk what the heck they're talking about.
Yes it does.
As of May 31, 2014, the Company has a total of 362,500 detachable stock warrants outstanding. The warrants have a three-year term and are exercisable into the Company’s common stock at an exercise price of $0.41 per share.
Lol- idk- look at how many of them work for our government ;)
I read the whole court document over the summer. There was a 3rd guy, Gugliuzza who was the primary mastermind. Hill and Gravitz had to pay fines. Gugliuzza got busted. I am not sure how much knowledge or involvement Hill and Gravitz had-- they went on to work at Lenco, and it seems as though Streamtrack ties everything together(mobile advertising +e-commerce enabled advertising) and created an actually free product (the Commerce planet thing was a problem because the fine print was too vague and charged people for a supposedly free service- supposedly that was Gugliuzza though.)
Info here: http://www.ftc.gov/enforcement/cases-proceedings/072-3129/commerce-planet-inc-corporation-et-al
Interesting…. and aren't we coming up on the 3rd year? :)
I think in order to have the full closed loop we need our own printer, or a way to override the controls of an existing printer, in order to achieve a feedback loop that corrects the print automatically. I think that's what the Metal3DX is/was, waiting on the back burner. That part probably won't appear commercialized for 5 years. [They're still rolling out all aspects of print rite, we still haven't done PrintRite thermal, and a B6Sigma printer would require a LOT more $$- say, from the shelf offering. That is, unless they build a prototype by modifying their EOS and license it to them, which may very well be what they end up doing. I still estimate 5 yrs on that though- given all the work we still have left commercializing the 1st 2 modules of PrintRite and our other DARPA project.]
Can anyone find the terms of our ARMS/BAM agreement with Allotrope? I feel like it was a small % royalty to us- but on such a massive scale as DOD would be lucrative. Please reply- thanks!
They seem to have fixed the desktop version, too. I'm listening on a Mac and it works great today. [Was a little glitchy that 1st week as I noted but for the past two hours has been solid, uninterrupted tunes :)]
More on ARMS/BAM, as well as Vivek's KMI:
http://www.otcmarkets.com/edgar/GetFilingPdf?FilingID=10266066
ARMS Technology
On June 23, 2014, Knowledge Machine entered into a Stock Purchase Agreement with Allotrope Sciences Corporation, a Delaware corporation (“ Allotrope ”) to purchase twelve percent of the total number of shares of Allotrope’s common stock for $150,000. Three payments of $50,000 each were due within ten, 30, and 90 business days of the signing of the agreement. The first payment of $50,000 was made prior to June 30, 2014. On October 14, 2014, the Company and Allotrope rescinded the original agreement and are in the process of renegotiating the transaction, with the intent that the $50,000 would be used towards future joint venture activities.
Allotrope is a company that is commercializing a new technology called ARMS under exclusive license agreements. ARMS stands for “Advanced Reactive Munitions and Structures.” This new technology is ideally suited for unmanned aerial vehicles (“ UAV ”) or drone warfare and the security needs and combat missions of the future for armies around the globe. Security needs of the future include counter-terrorism, drug enforcement, counter piracy, and counter-insurgency in addition to potential threats posed by countries of states. These conflicts are often in densely populated urban environments where avoiding collateral damage is essential, or conversely in very remote environments where deploying large scale forces is impractical. UAVs and drones will find increasing use in both types of conditions.
UAVs and drones are currently an annual $7B market growing at 5%+ compound annual growth rate (“ CAGR ”). Manufacturers are seeking to include new weapon systems as part of their offerings, not just selling the aircraft only. ARMS is an ideal technology for this application because it is very lightweight – up to 50% lighter than conventional weapons – and it packs a bigger punch because the metal that makes up ARMS releases energy on impact – up to 50% higher energy output per pound. This means the weapons can be made much lighter while still having the power required. Conversely, the weapons could be miniaturized for precision strike in urban environments without collateral damage. We seek to enter into an agreement with Allotrope for the licensing of their technology and to working with both foreign and domestic companies to commercialize the ARMS technology for UAV/drone use and to generate revenues through material sales, licensing, and partnerships with manufacturers globally.
HOLY CRAP It's finally happening--- and look who appears on slide 15….
http://www.slideshare.net/akyarborough/advanced-energetics-bam-and-arms-dec-2014
8 million shares on ask? Someone is desperate to scare bidders away.
Agreed. They haven't hit yet and even if they did the avg. from the last 10 days is at least .0009-.001. Personally I don't think they'll be converting for a bit.
I'm seeing .0011?
Sounds like the LEAN program lol.
Develop WatchThis for launch…. ?
Anyone see this .0004 AH bid? [I know no real extended hours in OTC but it still appears on my Etrade?]
What are the dates for the 1st Quarter? I thought traffic dropped off there at the end- but 2Q is where the $$ will be. Thoughts?
Watch out for a raid EOD imo. I know it's a Friday but it's 35 more min of your life. DE-FENSE!
Someone needs to pull another 30M slap EOD lol
That was me :) avg pp now .0009- thanks guys!
Gotcha. Thanks- I had a diff. # in my head. lol. [He just throws out so many good ones, you know!]
Where'd that # come from?
What's L2 like? How many @ .0009?
Alexa says there's 395 sites linking to RL. Idk what it was historically but sounds good to me :)
Hope you didn't do this….. Go STTK!
My friend buisket? SRFF ownership? What are you talking about? I have no friends here except stockmama, who I talk with about TA, the market, and our husbands on Facebook. Quit trying to distract from the question at hand- If Hill told you he's asking 2Billion (which is ludicrous), post some proof. I'm not the only one calling you out here bud. If it's public, you can link it…. and if it WAS proprietary- it'd be illegal as hell for him to share it just with you, so you'd be shooting yourself in the foot even mentioning it. Hence I call BS.
I call BS on that. Link?
pardon the ignorance, but…who is Kurt?
These sound much more reasonable, IMO.
Hill said in the 10K WatchThis is barely in the development stages and will require a lot more capital before any release. Let's bring these wild expectations down to reality. .001 before .01, .01 before .1..... and $1- highly unlikely unless this thing takes a major market share for YEARS. (Like, 7-10, lol). Pandora isn't even at 4B market cap and look at their traffic + revs compared to ours. No way we're hitting one let alone two billion anytime soon if ever. We're not even at half a million mkt cap right now. [Which, by the way, is about how much the execs have been making until recently.] Glad to see they took a haircut- bout time given the state of things. Hoping for a happier New Year. I do think this company is very undervalued which is why I'm waiting to see what 2015 brings- just.... not THAT undervalued.
Lots of convertible debentures... lol. http://srff.com/transactions/#tabs-3 ...[I know they do a lot of other things.] What do we for sure know about what they're doing for us? I can't imagine all these companies fall under their requirements you all keep mentioning?
Probably because by the time they got their startup established they would have missed the Additive Manufacturing boat.... I think they saw their opportunity (with GE, DoD et al) and decided to capitalize on it. This was the quickest path to commercialization, and why waste money if you don't have to? Until last year's bonus, Mark and Vivek had basically need-based pay- 80k a year, which is middle of the row for an engineer. [I think Mark only got the bonus because they were expecting the America Makes project(s) to take off more quickly- but the whole initiative got delayed 6-9 months by contract negotiations.] My two cents.
Get the volume up- let's go to .0011 :)
Nice, thanks.
What's L2 looking like?
Please and thank you :)
meant they "Don't" usually spill the beans lol. I've seen a lot of boards where there's a seemingly sage investor who claims to be in the know and is completely full of it. I hope I'm wrong though ;)
I'm a little skeptical................. considering he did not know who the attorney was, and private investors usually don't spill the beans on ihub, but I hope you're right. We'll see I guess. :/