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I see....thanks for the info. Curious..who votes? Majority shareholders? Board of Directors?
pardon my ignorance in this matter, but can you educate me in terms of what makes them illegal or unauthorized? I thought he could dump whatever he wanted.
Seems like he's purposely avoiding investors. He can't answer where the money raised by increasing the OS by 10 billion shares this past year was used.
Let's get a count, how many of you guys have filed complaints?
What would I believe? Let's see...
He forgot to pay the bills or that he blew all of his money in Vegas and has nothing to pay bills with.
My first concern is...why is his personal website being hosted on the same server and under the same account as his business website? If that's the way he conducts business, no wonder audits aren't complete.
Steve's personal website
... hosted at http://stevearonstein.com/ is also down.
I have a feeling they were all hosted by the same hosting company under the same account and he forgot to pay the bills as usual.
It's speculating, but that's the only reason I can think of why all three sites - somatics, his other business and personal site would be down right now.
To the moon...
Sorry... I had to do it. It's been a while since I've heard stuff like that on this board. All those predictions a few years ago that this will trade at $1 or more in a year or two.
Here we are a couple of years later...not even close to 0.0001 let alone $1. This is the big bang that never took place.
I think most of us have accepted the fact that we won't get our money back. We're involved in this so that we bring him to justice. If we went down in this stock because of him, we're taking him down with us!
It's also to set an example so that when others do hear about this and other companies being investigated by the SEC, they're less likely to take part in similar fraudulent plans.
Finally I think it was a learning experience for a lot of new people..and eye opener so to speak.
Needless to say the man is in trouble. Can someone provide a list of places to contact or websites for such complaints for various states?
Once hundreds of complaints start coming in, this may be escalated and looked at more quickly. Are there places where out of country people can file complaints?
For those that have filed, what information are you providing with your complaints? The PR links and CC links? I'd like to give the PR links from the company's own website..but it's down.
Must be a glitch that they'll resolve soon enough.
Similar to Nevada secretary of state and the website. I hope he goes to jail. This being a penny stock, I was aware of the risks..but it certainly doesn't give anyone the right to mislead people into giving out their money on a publicly listed company.
If he gets away with it, perhaps I'll also list a company and spit out stuff I never intend to do in order to earn a living.
We've already gone that route a few thousand times already. As soon as we see a bid, Steve dumps more. You really think new investors will buy from you? :) Keep dreaming. You're stuck here till the company shuts down.
Penny - a lot of the people that have bashed in the time you've been here were supporters before. They've bashed it becasue it's gone from bad to worse to now even worse.
What's unreal is Steve's ability to misinform investors. He said he'd have the Nevada SOS "glitch" fixed the evening of when someone contacted him 3 months ago. He also said the website glitch will be fixed the evening of when someone contacted him last week or two weeks ago. Yet both issues are still there.
The whole purpose of releasing DVDs was to follow up on those TV infomercials that he had to dump shares for....it's been almost a year since...I think most people that even bothered watching those infomercials have now forgotten about them and even if DVDs are to be released, they'd be useless at this point without more informercials hence more dumping.
Can you tell me what part of this entire story line is speaking to you and saying Steve is an honest man? I suppose next you're going to tell me that Ebenezer Scrooge was a misunderstood man.
absolutely nothing is going on...hence the angry investors. Website no longer exists, nevada secretary of state has this on hold...and the CEO isn't talking.
A lot of the PRs and information in conference calls is now in question. Some think it may have been just so he could dump shares through false information
I think most here would be open to supporting your cause, so feel free to post a msg here and contact us if necessary for backup. We're all victims.
If I lived in the US, I would.
I'd be interested in something like that if someone were to start this.
I just hope the SEC take note of everything said during conference calls.
yup :) It archives a lot of sites out there.
At this point, I'm surprised their client list doesn't include Goldman Communications Group.
http://web.archive.org has a better overview of what their pages looked like.
Needless to say I'm disappointed. Now he just seems like a regular guy who's struggling to do whatever he can to survive...developing web pages or exercise classes or scamming people.
The one ounce of respect I had for him was because he was fixed on his idea for Somatics. I'm a believer that if you stick to something you eventually succeed. This guy's all over the map.
It does more than just bother me. It angers me.
Where are his priorities? Towards SMAS or towards other businesses or creating websites and facebook accounts? Last year there were a bunch of people defending him by saying Somatics is his baby....he won't let anything happen to it. BS! Here we are with somatics hurting for cash, 10 billion additional shares, no DVD, tv shows going to a waste as a result of no dvd, company getting a bad rep and Steve paying attention elsewhere!
He's had conference calls earlier since he registered this new company. Not once did he tell us about it or it's purpose. These are people that f#(#)$ believed in you and your concept Steve and you didn't find it necessary to tell them about this other business? Or anything else for that matter?
Exactly. Sending out an email about exercise sessions isn't work. Work is getting people to actually come in and pay for them. To date, we have no evidence of that.
It would be nice to know how many have signed up for the $1000 per head conference.
Thanks hckguy for that. I appreciate it, although I don't buy the responses. I have a feeling that website "bugfix" will be similar to the glitch they're fixing for the Nevada Secretary of State status which should have been fixed within a few days of the last conference.
I hope they add me to facebook soon.
It says "Prime only shares certain information with everyone."
I've requested to be added as a friend, however this may take some time. In the mean time, could you summarize on here please? Thanks.
Anyone that's been following this stock even for just a year will question this the same way I am. You can call it bashing... I just think it was an unreasonable response.
But then again, I'm at fault because this is coming from his brother and I shouldn't be looking for answers in his brother's response. Communication with his brother is only to find out where Steve is and if the company is running.
LMAOOOO
I'm sorry but you can't possibly compare people who manipulate markets or shortsell to CEOs who lie about audits being done and being 70% complete or DVD being ready or uplisting news. And how do you manipulate a stock that's been selling below 0.0001?
Steve never gained personally from this? Okay...then I'd like to know what happened with the money gained from selling 10 billion shares in the past one year?
If Steve's brother is going to sit there and tell us that a few airline tickets and registration at the conference and a few lunches with vets/military reps cost nearly a million dollars, I wanna know what he's smoking.
having said that..what's with the volume?
That $1000 / head is not an investor conference..just a somatics conference.
I suspect Steve may be getting ready for another fund-raising session when the site goes back up and they start answering calls - people will believe the company's headed in the positive direction and we'll see increased volumes, which will result in people opening their wallets again.
The idea is to make the situation so bad that normal things like having a website up or answering calls seem like positive news.
Hmm...I thought he squashed that bug already by saying that there are no buyout or partnership agreements.
If that was actually happening and someone did want to buy the company for more than 0.00002, that would probably be the best thing for all shareholders.
everything points to company closing it's doors at this point.
We haven't heard from him. Even the regulars haven't received any calls back. No PRs, no website, no one answering phones....and there's no speculation here. It's a fact that there has been no communication and phone lines disconnected and no website.
The website and someone answering phones was the only sign of a heartbeat for a while...and now even that is gone.
Hoping for good news at this point is like expecting a dead man to start walking somehow through some miracle.
not sure....seems to travel a lot though.
Absolutely...business is business. No workplace gives paternity leave for longer than 3 months...usually 1 month. He hasn't communicated to us in a few months now.
There is a general machine picking up at the 1-877 number listed in the ibox. Unfortunately no response at any of the extentions including general information.
The company and CEO disappear off the face of the planet after taking money from investors through a public stock.
I'm no lawyer but, pinksheets or not, there has GOT to be something illegal about that.
Good to know. But just in case, I do have a few people's emails already and now have a couple more who may be interested.
Just when I think this may start to improve soon, Steve throws another blow to the shareholders.
If this board gets shut down as a result of the company getting de-listed or other reasons do we have a way of communicating with one another for any of you who may want to take part in legal action and split the cost?
Do we have an alternate message board? I'm not sure how ihub works, whether it only has boards based on listed companies or whether boards stay active even if companies are delisted.
I have this hunch that the company will soon be delisted and that'll be the end of it.
I'd like to hear what supporters now have to say. Will it be the usual line "this is a penny stock and the risk was yours" line? Or the "Steve will come through..big news coming".
As it stands, big news will be if the website goes back up.
Anyone been in touch with Steve to see what's going on? Is this an administrative mixup as well?
This doesn't seem like a network issue.
Somatic Systems site is down entirely and has been for a while. http://www.somatics.org
I was surprised he got the org domain...since they're generally given to non profit organizations
SMAS website not working....
Anyone else able to load it? I'm getting a Network Timeout error on the page.
I hope it's just a temporary network issue.
safe harbor only protects against forward looking statements. It won't protect him from statements such as "audit is 70% complete" or "DVD video filiming is complete" or "we've signed a deal where we will begin seeing veterans in February".
When I initially bought this, i expected this to pay off in a year at most 2 yrs. Obviously, I was wrong. Now the thinking is...if i've held it for this long, why am I getting upset about holding it another year or so until he puts out more PRs and raises a bid that I can sell into with minimal losses.
Yes you're right to some extent that it shouldn't matter as long as at some point you're making a profit. However, we (including Steve) are not immortal and can't wait forever....infact any investor that waits beyond their own lifetime would be a fool to expect that future generations will eventually see some profits in the investment.
Annual Conference
Is anyone going? I'm shocked at the price. He has a hard enough time getting people to come in for regular sessions. I always see emails that look more like desperate attempts to fill even the free classes. I can't imagine anyone paying $1000 for a 4 day session.
For some reason I thought it also included a session in there for investors where he might announce something. But after re-reading the PR, it doesn't seem like it. This may very well sit at 0.0001 till December and beyond.
I wanna know who's buying $6 worth of this stock....volume of 60k...come on!
The trading fee is higher than that! Unless someone's exercising one of their 100 free trades option through their broker.
I agree..not just aronstein...but others as well.