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How many settlement agreements did OneScreen and Adaptive Media run from?
I got a copy of the lawsuit and it feels familiar to what was posted on this board previously.
Lawsuit filed by AdOn against Adaptive Medias, Inc. has AdOn claiming that on March 14 , 2014....
Pursuant to the Settlement Agreement, [OneScreen] Debtor agreed to pay AdOn $495,000 in accordance with the Settlement Agreement. Specifically, Debtor agreet to make monthly payments of $33,000 per month, beginning on March 27th, 2014, and each 27th of the month thereafter. Debtor made the payments for March and April 2014, but has made no payments thereafter. As such, Debtor's outstanding balance under the Settlement Agreement is $429,000.00.
This complaint is IDENTICAL (save for having the timeline be about 2 months apart) to what is claimed here:
This is a scary warning. This is VERY SIMILAR to what went down at OneScreen, Inc before the acquisition. Norman Brodeur came in, Age 43, and pumped money everywhere BUT TO THOSE WHO WERE OWED IT.
Expect to see this new team milk the company for all its worth, at the expense of everybody else.
Or, another theory, we're going to hear of some small company looking to acquire AdaptiveMedia for it's technology, MediaGraph, and all assets will be transferred, but no liabilities. Watch for the creation of Adaptive Medias Merger Sub, Inc, a sneaky way to transfer assets and ditch liabilities.
And the chain of this company running from liabilities continues...
Supafli Entertainment dumps and becomes VidShadow, with Norman Brodeur pulling the strings.
VidShadow becomes OneScreen, Inc. Brodeur takes step back only to return as CEO to bring OneScreen, Inc. over to Adaptive Medias, Inc, burning clients to favor cash transfers to board members such as Gregg Templeton instead. (plus cash straight over to AdaptiveMedias)
Norman Brodeur, Age 43, which matches his felony record, takes a back seat as major stock holder, though still accepts monthly payments out of the company for his "advisory" role.
Norman Brodeur returns.... And, judging by his record, this is not going to be good. His record suggests that people are getting screwed. But maybe he's turned over a new leaf? Should find out soon.
He is the largest shareholder, last reported somewhere near ~85%, and does get paid by the company a monthly salary. All the other shareholders on this thread get paid out monthly like Brodeur?
So let's just assume he's the man behind the curtain, just as he was with OneScreen.
Ahh, so James Batmasian is a convicted felon, and over money issues too. It looks like Norman J. Brodeur felony scrape was also longer than five years ago.
I guess you know you've really lowered your standards when you have to attach the statement "In the last five years" when discussing your board members criminal histories. lol
I posted the case number. Is there a tiny chance this is not the same Norman J. Brodeur. Sure, but let's say super tiny.
I've already posted the case number to this thread, search it out, or you can just search Norman J. Brodeur and his birthdate and you'll get results.
Since most of Norman J. Brodeur's corporations/properties are still back in Florida, he also still has a permanent residence back there or an address he references a lot, and felony charge came down in an area in which he lived, I'd say the odds are high.
And you can't link cases, as they can't be accessed by URL but rather by case search on court sites. If you want to verify or absolve, just search Miami-Dade County case files.
Interesting you don't mention Norman J. Brodeur's level of ownership, or the "consulting fees" these guys are receiving in just another way to drain this company.
Gregg Templeton sounds familiar.
During OneScreen's exodus to quickly get their funds over to Adaptive Media, Gregg Templeton is noted as getting a kickback during that period.
Going between January 2014 to June of 2014, OneScreen is shown to have transferred $241,666.66 to Adaptive Medias, Inc. OneScreen also paid Media Graph, Inc. the sum of $10,000 on June 1, 2014, just before kicking it over to Adaptive as well. And just to add a dash of shady, there were are also a number of transfers that were made to Bangkok Bank Public Co Ltd., in Thailand.
Gregg Templeton faired pretty well, having received a kickback on his investment (before receiving AdaptiveMedia shares) in two payments of $115,000 on January 17, 2014 and another $10,000 on March 6, 2014. Maybe we should ask what those were for. Early consulting fees perhaps?
Norman J. Brodeur was busy when he was in Florida. He's lived everywhere, and mischief (lawsuits) is reported at multiple states involving him, but for a bit of criminality:
Florida Case #04021256MM A04 to get the ball rolling
Looks like he fought a police officer who was attempting to arrest him with...
Florida Case #26572F02026572ABRONOR (CF-026572-A) Crime Type: Felony
(looks like 2 felonies, as one also for resisting arrest)
So, in a bit of good news, this felony wasn't for any fraud or business dealings, just for getting violent with law enforcement.
But, fun fact, the report also indicates that Norman John Brodeur was busted collecting Social Security of a deceased woman named Angela Daly, who died in 2007.
Guy is salt of the earth.
Here's a screencap breakdown from the Florida Case System, just in case I misread anything:
James Batmasian is a convicted felon? Well, looks like he's in good company. As far as I can tell, the criminal record of Norman J. Brodeur lists him as being convicted of a felony as well.
Tracking Norman Brodeur all the way to Adaptive Media
2007: Supafli Entertainment Inc forms with Norman Brodeur as it's CEO. The company quickly raises capital which it henceforth dumps into...
November 1, 2007: Norman Brodeur signs agreement with Vidshadow, Inc. to give the company a total of $750,000 over six months to create a video platform technology; sound familiar? After the money is transferred, Supafli Entertainment Inc gets involved with Breach of Contract lawsuit; at least one.
Low and behold, Norman Brodeur quickly becomes principle of Vidshadow Partners.
Notice the creation of so many corporations. Turns out the more corporate layers the easier it is to run from collections.
March, 2009: VidShadow, Inc. changes its name to OneScreen, Inc. Starting to see it?
2013, 2014: OneScreen, Inc. leaves multiple accounts unpaid thanks to fillibustering and quickly moves owed assets over to AdaptiveMedia, Inc/ AdaptiveMedias, Inc in asset acquisition. In what looks to me like a way to further help transfer assets that might have liabilities still against, they create OneScreen Merger Sub Inc, which is acquired practically the same day OneScreen created the subsidiary by AdaptiveMedia. Think Qayeed and Norman were conspiring? I wrote Qayeed direct and he ignored my information of unpaid accounts.
And now Norman Brodeur, in something that started back in 2007, is the majority shareholder, by far, in the most recent company. Don't be surprised if another company seems to come out of nowhere to quickly acquire AdaptiveMedia assets and leave liabilities behind once again. And somewhere I'm sure will see Norman Brodeur once again.
So amused you recognized Norman J. Brodeur as being the issue. He is, in my humble opinion, the biggest scumbag I've ever encountered in business, and the guy can list "stealing" -- my word, he probably says "not paying what's owed" -- over $100,000 from myself during his short reign at OneScreen. I have a signed agreement by him to pay what was owed, after I took OneScreen to court, of course, and he instead took the money and ran. What was his reward? Becoming the largest stockholder who also gets a monthly payout, of course.
One lawyer describes him as "a master of avoiding collections."
I'm not invested, but since the largest stockholder, Norman J. Brodeur at about 85%, is the BIGGEST CROOK I've ever done business with, I'm going to tell you that your fears of this being a scam are, in my own opinion, likely correct.
I currently have lawyers and a private detective still looking into his background -- it's extensive -- and I can personally admit that Norman Brodeur stole over $100,000 from me (I was a client with OneScreen) after signing an agreement to pay what was owed; only after I took him and OneScreen to court, of course.
He took the money and instead dumped it out to private investors and the rest buried at Adaptive. His reward for the refusal to pay clients what they were owed? Mass amounts of shares with Adaptive. Oh, and I wasn't the only client robbed by this guy.