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.
Wow! $50 million+ lawsuit against SPDC.
http://bit.ly/1iuAf3L
This is starting to hit the press over the next 24 hours.
Share structure in intro is completely accurate. It hasn't changed.
I don't know what looks fishy about it.
Mart was CEO and issued that PR.
I had resigned as CEO of SDVI in October of 2011 and was only a with Graffiti help with the games until April of 2012 with Graffiti.
- Ken
I decided to post again because I figured a good thing out.
I've thought of a way to make shareholders whole.
Just trying to figure out the best way to do this.
I'm going to give my entire preferred A shares to Graffiti
shareholders.
This may not make up for some of the shareholders that have
recently bought before this announcement.
Beachbum, Abondance, etc. If you can show me your losses
I will figure out how to give you some of my shares in Graffiti also, thereby insuring you get some of preferred A shares.
91% of the preferred A shares of SDVI will be gifted to Graffiti shareholders. I will maintain on 9% of the shares.
It maybe though Graffiti or it might be a separate company/LLC that the shares will be put into and then use the Graffiti shareholder list to give a conversion % of my preferred A shares in SDVI based on their % holding in Graffiti.
How's that sound?
- Ken
Farewell...Fellow Shareholders
I will not be posting on this board anymore. You can look to blame me all you want, but I have no control over Mart, the board of SDVI to make any decision. And I really don't need to read B.S. messages that accuse me of doing something, I'm not even involved in.
Of course you have a right to be pissed off at the state of affairs just as I am. I will own up to the fact that I did indeed choose Mart as CEO over a year and half ago. He was the largest shareholder at the time and was willing put money into it and took very little pay. His resume was great as an Ex-Banker.
I have not been an employee or in management of SDVI since April of 2012. I am merely a shareholder like the rest of you and I have not sold one share of stock even before Mart took over. I still have not sold one share during the time the board made this terrible decision.
Facts:
On my watch, yes there were issues with companies not paying us and us not being able to pay companies. This does NOT justify the raise in the A/S to 7 billion, not even close.
Each and every press release, during my watch, can be backed up 100% with documentation and contracts. Those that were forward looking were disclosed as such. Calling a press release a lie or misleading is ridiculous. That really means that you think that somebody can predict the future. A forward looking statement is just that a plan to start executing on, which SDVI did faithfully.
If you want to know who the board is, take a look at the SOS on Nevada, very simple due diligence. You will see I am not on the board of SDVI.
I am also not a coward hiding behind a pseudonym on the board. I know some of the people behind the pseudonym and I'm not talking about you.
BeachBum, I am truly sorry that you lost almost $20k and all the rest of the investors that have invested. I hope there is something I can do about it to make it right for you. I would hope Mart can figure something out to make all the shareholders whole again.
At least let's hope that Mart will start giving information to the stockholders on what his plans are with the 4.5 billion additional shares, besides paying off past debt.
Those of you that have my personal contact information are free to contact me if you want to chat about anything, but I'm done with this board and won't be reading anymore on this board. I've even been looking on how to remove my account from iHub.
- Ken
I am not an insider since about 1 1/2 years ago.
This will be my last post, as I am limited to 5 per day for
defending myself in the past.
Anyway, I did not approve of this and think it is a big mistake
to raise it like this, irrespective of the other problems.
4.5 billion at .0001 is $450,000.00
You can't tell me that he only raised it to solve
debt issues.
The judgments were not on my clock, sorry. Go back and look at the dates of the default judgements.
I will take responsibility for the Universal Judgement and I have worked on cleaning that one up, since I am personally involved.
So please check your facts in the future before trying to blame me for this.
I don't remember, but I think the board can do this without a vote.
I'm in agreement, I would have raised it maybe to 3.5 billion max as a very last resort.
I would have coupled this with something more than, SDVI is going to pay off debts..
I was hoping to try and cash out at some point in the future, but it looks like that is no longer going to be the case.
Don't put my name into it, I had nothing to do with whatever you are talking about.
I'm still trying to figure out what is going on.
- Ken
Not caring about SEC --->
Means that he doesn't care if they look at him, because
he's done nothing wrong.
Not that he's not afraid of them or that he doesn't care if
they did find something wrong.
That's my opinion on the subject. I don't know if Mart feels
the same, but any sane person would.
Is this exclusive of short count?
If so, then probably a trader. Mart can't legally
sell shares as CEO and control of SDVI.
He would have to file a Form-4 and can only sell 1% every
90 days.
Do the math, it's not him, unless he did it illegally.
Of course.
I confident that Mart has a plan to resolve everything. I also would like to hear how things are going soon, as I have a lot of stock just like everyone else on the board.
My purchase price is probably a little lower than everyone else, as
I averaged down (a lot). And I never sold one share, only bought
shares.
There was no money to defend against it, caused by non-payment from distributor. So they won by default judgement. I'm sure that the company might work something out with them.
As you are aware...
It was a performing business up until someone "knocked the
wind out of the sails" as the saying goes.
Restarting the business is a two step process and takes
both time and money.
Hopefully Mart will inform everyone soon on where we are in
the process.
The proof is in the financials that when you invested it wasn't just an idea and the company was well on it's way to being profitable.
IMO, it was a knockdown, not a knockout for SDVI.
Agree!
Someone should do the math and get their average selling price and then see what it would have to go to before they start panic
buying for s short squeeze.
Buyins.net does this but they charge $5,000.00 a year to the company to do it.
Even better the MM's are getting way to short this stock.
http://otcshortreport.com/index.php?index=sdvi&action=view
Apr 10 41.29%
Apr 08 36.87%
Apr 05 74.38%
Apr 04 67.42%
Apr 03 35.46%
Apr 01 34.75%
Mar 28 55.97%
As usual they are expecting the company to raise the A/S and put more stock into the market.
ROFLMAO...
If you don't get an answer from him, you can easily find me
and get a hold of me.
Can you beat the MM's at the shorting game?
http://otcshortreport.com/index.php?index=sdvi&action=view
So far so good. You have been able to break through the .0002 on
March 28th, when 24 million where shorted.
He did say invest, not buy. Of course $250k to buy the company
is ridiculous!
IMHO and all that....
I never heard anything about this. That would have been a good
partnership.
I hope so. Nothing would make me happier.
Forgive me if I am a little skeptical. We've been current before
and it hasn't helped.
Time will tell. I think my issue is that I have a fantastic memory and remember back in April of 2011 that the MMs had shorted 300 million shares and the stock traded 100 million in one day for no reason....
Then came the blame the company game that it was diluting....
IMO, what happens with upping the authorized is that MMs see that and know or think that more shares are coming to the market and pre-sell those shares driving it down. That's why I hated and tried to avoid A/S increase like the plague.
Even if the company doesn't dilute the MMs can short against the perception of dilution and the price dives.
Even R/S does the same thing... R/S screams more dilution, so it goes down.
We'll see how Mart plans on solving this...
I agree, hence the discussion....
As I said the math doesn't work no matter how you slice it.
a R/S of 10,000 : 1 gives 250,000 shares outstanding. Liquidity
dries up (as BeachBum has stated).
I'm in total agreement with BeachBum that we need to find a
profitable company/CEO to take over. That's the only way I can
see to make shareholders whole.
On thing to remember, I haven't worked for the company in over a year and I am just a shareholder like everyone else now.
I would like to see my 10 years of hardwork (and no pay) be made whole eventually.
Raising capital by diluting stock would only be useful to buy a profitable company, not a business plan. I learned that the hard way. Remember 7th Level, et al? Some of the companies were "profitable", but after DD, they turned out not to be.
Also, did I ever do a R/S split while I was CEO? Nope, so I'm not excited about one either....It was a discussion point.
IMO and My Opinions are my own....
Agreed 100%
Actually 10,000 : 1 would put it at $2.00..Not 10 cents
For one it is my opinion only.
2nd, the other option is to let it flounder here at .0002 forever.
You don't lose money on a R/S. It's moving a decimal place. Yes, you get less shares, but the price is the higher and your current value remains the same.
And before you get into how the stock goes down after every R/S. It does in 90% of the cases, yes. But in my opinion there are no buyers of the stock, because TD Ameritrade, Penson (whatever they are now) and several other brokers won't allow new investors to buy into the stock. TD Ameritrade is the biggest retail broker in the world and they only let you sell SDVI, not buy it and haven't for over 4 years! FINRA has also put the screws on MM's to frown upon trading a stock under .10 cents. IMO - So, here SDVI sits with a "chill" on the stock because MM's have shorted close to 400 million shares and the DTC is waiting for the shares to work their way through the system (it's happened before). And my belief (opinion) is that there has been a ton of "failure to delivers" inside the DTC, is why it's not trading very well.
Also, since I am not on the board or an executive of the company, I would be effected by R/S just as well as anybody else. So, if you find my sentiment appalling, too bad. It's not a sentiment, it's an opinion of mine on how to get the stock trading correctly and possibly fix the issues for shareholders.
And the 3rd option for the company is to up the authorized to be able to either buy a deal/raise capital or turn over control to someone else who has a profitable business.
In the mean time a few traders, probably like yourself, can make gains of 30-100% in a few days on the stock, because of the trading patterns.
In the mean time, other long term investors just sit there and watch it go up to .0004 then immediately fall back to .0002 and scream, why isn't the company doing anything about that!
Please somebody offer a solution!
IMO, and my opinions are my own!
Yep, I agree. The math isn't good no matter how you slice it.
It's a tough nut to crack. Been racking my head with it for over
a year now.
Well see what Mart and the board have in store.
The biggest problem with this scenario is that most market makers have stopped trading or allowing to trade stock under 10 cents.
So there are very few places you can buy SDVI stock...
So, I really think a 10,000 : 1 R/S would be appropriate.
But I don't have the authority to do any of this, as I am not a board member or CEO. This is only my opinion.
Opinions are welcome....
Yes, Graffiti had plans to go into that market 2 years ago. But with non-payment of previous games and the ensuing fiasco, Graffiti lacked the resources to move forward with the plan.
Yes, we were working with a CPA firm named M&K CPA's at the time and they had promised to get actual "Audited" financials done, not the unaudited ones that are posted.
I'm not trying to make excuses. In fact I even threatened to sue them for non-performance. Apparently that wasn't a good idea as if you do that they can resign and almost did. As an Auditor being threatened with legal action can be construed as having undue influence on the auditing process, that has to come from neutral 3rd party auditors.
We were giving them information requested via email and even Fedex and had signatures and they still came back with that they didn't receive the emails or Fedexes. Even showing them the emails and signature proof of delivery they said we would have to provide them all the information again. The would re-request the same information over and over again. It was a fiasco and my hands were tied. I assumed that they had taken on too much work and SDVI was low priority, so constantly doing this delayed the job. Or it could have been they didn't want to take the risk of auditing a pinksheet company and having their names put on the financials. At this point it's all speculation.
On top of that SDVI had already spent $25k on them and they wanted more money to complete the audit.
So there is your information.
I wasn't the CEO at the time and the new one has to use discretion in discussing pending litigation, as the opponent can use it against you.
I don't think I have ever seen a CEO discuss pending cases.
But if you do a little DD you can easily find out the truth.
I know of at least 1 very big investor that found out every detail
about what was going on.
I am no more free to talk about things as my part has been resolved.
Yes, I could have been more communicative. But when you take
a personal financial hit as hard as I did, you don't feel much
like talking.
It's taking me until now to start to put it behind me and try and help the company with free consulting to try and make all the shareholder whole.
I know that SDVI is trying to solve that issue. As Beachbum has stated, I'm not the CEO, in fact, I'm not on the board or directors either and haven't been for over a year now.
First step to resolve the SDVI/GRAF issue is the Current 'Icon' on otcmarkets.com. Mart has stated that is in the works.
And I'm sure Mart is then working out a way to make the Graffiti shareholders whole again.
For anyone interested in what documentation is needed for current status, look here: http://www.otcdealer.com/pinkdocs/Pink_Sheets_Guidelines_for_Providing_Adequate_Current_Information.pdf
I've been asked to help out with this in terms of getting the right information, etc. But you will have to cut Mart some slack, it's a document similar to a Form 10SB and usually a team does it and it costs quite a bit of money and takes a lot of time. He's doing what he can.
I helped with the last Form 10SB SDVI filed and it took us 3 months and cost probably $150k to do it.
It is getting done.
This has nothing to do with Signature Devices, Inc.
And you should be giving great "credibility" for this.
You see, it's a good test to see if there is a market for such an item. Since it seems that people are not interested, I don't have to spend money/time developing it.
- Ken
I fear .0004 not in the cards today.
NITE is on the bid with 190 million shares at .0001. With the short
amount over the last 2 weeks, they will probably try the 100 share sells to try and cram it down.
Next I would expect to start seeing some 911 share trades.
Wow! this is insane....Short report.
Date VolShorted High Low Close Chg ShortVol RegularVol
Feb 25 66.11% 0.00 0.00 0.00 NA 4,390,000 6,640,000
Feb 22 74.07% 0.00 0.00 0.00 NA 25,793,850 34,823,850
Feb 21 70.57% 0.00 0.00 0.00 NA 13,326,100 18,883,600
Feb 20 20.41% 0.00 0.00 0.00 NA 650,000 3,185,000
Feb 19 58.05% 0.00 0.00 0.00 NA 71,110,001 122,506,661
Feb 18 0% 0.00 0.00 0.00 NA 0 0
Feb 15 83.33% 0.00 0.00 0.00 NA 50,000 60,000
Feb 14 0% 0.00 0.00 0.00 NA 0 5,215,000
Feb 13 0% 0.00 0.00 0.00 NA 0 0
Feb 12 100.00% 0.00 0.00 0.00 NA 1,122,000 1,122,000
Feb 11 55.56% 0.00 0.00 0.00 NA 3,750,000 6,750,000
Feb 08 9.76% 0.00 0.00 0.00 NA 1,200,000 12,296,050
Feb 07 0% 0.00 0.00 0.00 NA 0 9,520,000
Feb 06 1.08% 0.00 0.00 0.00 NA 50,000 4,650,000
Feb 05 75.84% 0.00 0.00 0.00 NA 22,594,073 29,791,469
Feb 04 57.04% 0.00 0.00 0.00 NA 32,000,000 56,100,000
Feb 01 0% 0.00 0.00 0.00 NA 0 700
Jan 31 0% 0.00 0.00 0.00 NA 0 4,381,600
Jan 30 0% 0.00 0.00 0.00 NA 0 1,000,000
Jan 29 45.89% 0.00 0.00 0.00 NA 23,050,379 50,231,979
Jan 28 64.28% 0.00 0.00 0.00 NA 10,260,500 15,962,500
I would guess that NITE is trying to hammer this down just for this. I would hope that it backfires and produces a short squeeze.
These shorts are 50% + on these days of high volume.
I hope no one thinks the press release/financials are so the "company"
can dilute.
You can't dilute what isn't available. Let's see how someone can spin this. I know there will be something....
Very odd. Nite is usually trying to be on the box, but a
.0001 to .0003 isn't a good box IMO.