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I have a slightly different take on it all.
Not entirely certain, but if this guy Paul Martin is running things at Azure it gets interesting. Paul has been for a decade or more marketing Audio Waterprinting. Everyone is assuming that SDVI and its subsidiaries hold the new technology and Azure is just here for the ride. It could be that Azure is the new kid on the block and our Paul is researcher incognito. Could be he finally struck a breakthrough.
Moreover, by all appearances Azure is just a one man operation. Something doesn't sit right with me. I may be off, but you guys do your own DD. GLTA
Anyone performed an updated SS?
That will be nice to have at this point. GLTU
I'm not an attorney but there appears
to be several legal questions here. I'm not certain if a Restricted Stock, which is what GRAFF was, be diluted. They may have to transferred back at or above the price paid by investors. Therefore, can Azure Holding Group guarantee that each holder of GRAFF recoup their original investment of 48 cents per share or better?
Maybe the SEC made this a special case, maybe not. If it is diluted doesn't that constitute stock manipulation? Let's assume SDVI Management shares no responsibility in the failed GRAFF IPO, did they obstruct the safe return of SDVI shares to defrauded GRAFF stockholders? I'm assuming all are honorable people here and there is no collusion. Nonetheless, the prior history of AZRH makes me nervous.
Today's non-event trading didn't surprise me. Etrade and others are probably at the edge of their seats on this one, waiting on the crazy outcome. GLTA
It was a bad strategy to begin with.
Everyone knows GRAFF was leveraged to get us to where we are now with great SDVI technologies just over the horizon. They should have just shuffled GRAFF back and made it SDVI Preferred, but Restricted. Keep it simple. What idiots! Greed kills. You are only as good as your word.
What goes around comes around!
I hope there's still time to turn things around before Renee pays us a visit.
You may be right, then again
illegal transfers can sometimes end in revocation(s). Just saying. I'll live with whatever the SEC decides. GLTU
Looks like SDVI is doing the only talking.
Azure Management doesn't appear to be speaking to GRAFF stockholders and ensuring them of their good intentions and calming any fears. They say its a done deal, but I would wait for the SEC's blessing first. Both SDVI and AZRH have been on SEC radar in recent years. I'll live with their determination. GLTA
Every Graffiti shareholder should go to
AZRH on IH and checkout its recent history. As recent as 2016, board and CEO forced to resign.I wonder if the SEC has approved of this GRAFF stock exchange fresh out the AZRH gate after scandal. AZRH hasn't even bothered to address the small GRAFF investor directly to say they have put all the malfeasance of the past behind them. Guys, is this all legal?
Many SDVI stockholders have probably reviewed the AZRH history, but believe our SDVI technologies so compelling that even a deal with the Devil is worth it. Bad move! I too didn't want to bash SDVI and thought things would play itself out. But read again the AZRH posting of 2016 and ask yourself, do you wish to be a part of this? Is the housecleaning over?
U.S. SECURITIES AND EXCHANGE COMMISSION
Litigation Release No. 23666 / September 30, 2016
Securities and Exchange Commission v. Marcus A. Luna, et al., Civil Action No. :16-cv-07333 (C.D. Cal., filed September 29, 2016)
SEC Charges Alleged Penny Stock Manipulators
The Securities and Exchange Commission yesterday charged an attorney and three others in California with defrauding investors out of $13.6 million in a penny stock pump-and-dump scheme.
The SEC alleges that Marcus Luna and Norell Walker orchestrated the scam, which entailed setting up boiler rooms of telemarketers to tout a pair of companies that Luna and Walker secretly controlled. Walker's business associates, Paul Gomez and Dustin Smith, ran boiler rooms in Beverly Hills and Costa Mesa, respectively. Telemarketers trained and supervised by Walker, Gomez, and Smith cold-called investors and urged them to purchase penny stocks they claimed would soar as high as $11 per share. As investors entered orders to purchase the stock out of their personal brokerage accounts, Walker would contact Luna so he could contact an offshore brokerage to fill the orders with Luna's own shares. Luna, a California attorney, split the proceeds with Walker.
Exactly!
If no financials and no news both AZRH and SDVI face the prospect of delisting. Worth noting, AZRH has faced the prospect of delisting on numerous occasions in recent past. It has struggled to cleanse it name but has it really? Sure its trading now, but what if Azure delists, where exactly are GRAFF shareholders then? One can also argue that is the overall intent.
To restate, if SDVI Management allows the Azure transaction to proceed and shortly thereafter AZRH delists, SDVI may be seen by some as enablers, complicit in rendering GRAFF stock worthless. That could set off a legal battle that could tie up SDVI stock for years.
Hasn't SDVI Management learned anything from the failed GRAFF IPO of 2011? In short, I find not just the strategy bizarre but the selection of suitor as well. Then again, Azure may actually be undergoing a housecleaning and I'm way off track. Then sorry, GLTA.
Roger that, because according to Ken
in post 85152, GRAFF shareholders will be lucky if they get 2 cents per share, certainly not the 48 cents that could make them whole again. I would have liked GRAFF simply changed to SDVI preferred. I guess Ken soiled his name so much the SEC turned that one down.
I would argue that SDVI would not have even made it this far without GRAFF shares restricted.
So maybe my math is off but
in January 2011 at the heart of the crash, some of the SDVI shareholders converted 200 shares of SDVI stock in exchange for one GRAFF. SDVI was selling then around 0.0024. So roughly each GRAFF certificate was worth 48 cents pre-IPO. So does our new offer reinforce this opening price on AZRH come trading day? Am I missing something?
The point being missed here
it that $11.00 per share promo was illegal. That is irrespective of the bad actors Ken got himself involved with. I think Ken was offered the time and rare opportunity to make things right for SEC and authority figures.
I believe there's positive news ahead for GRAFF holders. Probably not $11.00 per share but something. For Ken, it's peace of mind if not vindication. SDVI holders sit tight. You are glued at the hip. Everything must be done by the book this time. GLTA
What I'm waiting to hear:
Graffiti Entertainment stockholders this is your year. I will take care of the faithful, not in pennies per share but in dollars. The opportunity costs for our monies during that long bull market cry out for fairness.
Signature Devices would be nothing
without the Graffiti shareholders still patiently holding I would argue. I'm looking for a promised "Percentage of Everything". Remember Ken talked about a Graffiti IPO between $5-$20 per share. He's done a shuffling act that may renege on that goal. Many elected to convert their SDVI to GRAFF to get out of the pennies to begin with. In reality, Graffiti is a percentage of everything recovered thus far. Any prospectus that doesn't state that is bogus. GLTA
To state the obvious;
I don't see how we can have a new offering without an old failed IPO being resolved first. I suppose one way would be to place an implied minimum value on those Graffiti shares in advance of that juggling act and routinely state that value in subsequent filings. Graffiti Entertainment shareholders still remain on hold in a sticky situation, not to mention the legal implications. What wording goes into this prospectus is important. "Fool me twice, shame", just saying.
Sorry: No comment until some sign of new developments. GLTU
If Goldman is really involved, I believe it
is only fair that anyone who has stood on the sidelines should be allowed a final opportunity to convert at the last exchange terms or better. Better yet, one huge single generous rate across the board for all.
To your point, if Goldman is involved I doubt if they'll do business with a convicted felon, federal or state; Period. So we're probably looking at a complete management overhaul. I see a scurry of activity in SEC filings at GS. Maybe we're among them, then again maybe not and it's all BS.
I'm guessing a whole new squeaky clean BOD
if Goldman Sachs is actually involved. Too many moving parts it seems. But don't pay any attention to me, I'm nobody. GLTU
Thanks. I'd like an early Easter Bunny.
Hate eating crow.
I'm staying neutral.
I'm sticking with my original premonition that other forces are in play. For example, I can't understand why The CBM Group lists themselves as a subsidiary of Galtech Semiconductor. Why place your integrity on the line like that? Why was Dr. Frank in state court anyway and not Federal? How about the mysterious death of the previous owners of Galtech, both father and son, just months apart? The list goes on.
Is Galtech Semiconductor, now Real Data inc, just a decades old government think tank that has suddenly decided to go mainstream? I think we'll soon see. I may be wrong. GLTU
Odd, Real Data Inc hasn't shouted out "Happy New Year".
Not even a new ticker symbol for us to follow. Agreed, Dr. Frank has so muddied his name, however this is "the year of the unstable genius". We'll see what happens. GLTA
It certainly is strange.
It's if they actually won the $50 million but just didn't tell us. Just fed us a different story.
Happy St Patty's Ken:
Have calmed down somewhat since your comments a couple of weeks ago. If someone updates us periodically, say every 3-6 months on the status of our Graffiti Entertainment shares that would hold me for the moment until next St Patty's Day. Not pushing it, a couretesy letter to each Graffiti shareholder would be nice too. Simply saying, "you still matter even though circumstances have changed".
I recognize the fact that you are no longer at the helm. Again, I'd much rather wait for the real thing however long it takes. Thx for the guts to come on.
With all due respect Mr. Hurley,
when you promoted Graffiti Entertainment IPO almost a decade ago, you indicated publicly your intent is to have the market value of SDVI about 10% that of GRAFF. It is unclear what your intent is now. However if after you juggle the numbers that somehow becomes a reality, you will be #1 in my book.
Some Graffiti shareholders fear right now you may have reneged on that goal as a result of ill fortune. Others originally thought GRAF would be somehow converted back into SDVI Preferred with permanant fixed ratio regardless of any SDVI dilution moving forward.
If Graffiti shareholders are treated fairly that's all that matters. They have endured the opportunity costs of having their shares frozen non-tradable. All I'm saying is "please do it right or do nothing at all". As a faithful GRAF shareholder myself I've waited this long, I'm willing to wait even longer for the real thing.
Pardon my ignorance, I've been away awhile.
Is Kenneth Hurley still with you guys or did he jump ship? Isn't he CTO at Stellar Giant? Are we also involved with those guys? What happened to the lawsuit settlement monies going to Graffiti Entertainment? What's the plan here? I think there are others here with similar questions and that uncertainty is weighing down price.
Interesting how Speedy is trading.
Did they lose in lawsuit with Graffiti or maybe just setting stage for another R/S?
Almost as a protest of sorts. Interesting.
Negative. I do sense however that
Dr. Frank got ripped off at Apple and vowed that would never happen again. The question is did he cross the line? We'll soon see.
Wasn't the long anticipated
Warren County court appearance today? Anyone learn yet the outcome? Plea bargain or doubling down? Is the three-day jury trial still set for next week? Just curious.
A tweet is just a tweet.
"The fundamental things apply as time goes by".
Wow! Is this the end of the beginning or the beginning of the end?
IMHO, the twist has always been
What price value we wish to place those Graffiti Entertainment (GRAFF) shares? We need some R/S, the question is how deep? A one-step R/S into Graffiti or what would have been Graffiti is possible. IMHO they have to somehow get it immediately tradable at say $5. That would restore confidence.
Also, it's a matter of product. The usual won't get you there.
I remember someone at RDI
stating that they would launch websites for its subsidiaries. I uncovered the following while trolling the web. I don't know what it means frankly; maybe good news, maybe nothing. I don't know any more than you guys. GLTA
http://jamescanada3s.gq/ants-software-inc-a-texas-corporation.html
Without taking sides,
it sounds as if participants agree to a nondisclosure. Interesting, if that's the case. GLTA
Got me wondering what the ratio is? 50:50?
Absolutely New Information.
The tweet is not from me. However as any RDI shareholder, I've been advocating for a company update. Good Luck to all.
We'll see.
I wonder if Gary Quintana will testify. I remember some fuzzy filings occurring just around the time of his departure. What exactly was the initial SS, for example? Just saying. GLTA
Wow! Company website hasn't been updated
in well over 8 months. I can't tell if that's a personal decision or the doctor has been ordered to cease and desist until final determination on charges. Then again, maybe it's just advice of counsel. Back when the verdict is in.
Came across this website recently:
itilcerts.com. Are these guys the same Ants some of you guys have been moaning about? Looks like pretty hush hush. GLTA
Never this close.
But I'm a gambler at heart and I like the 6 mil O/S. GLTU