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.
ANOTHER TRANSLATION FOR YOU
Imperia Entertainment to Screen 'Say it in Russian' at Venice Film Festival
BEVERLY HILLS, Calif., Aug 09, 2007 /PRNewswire via COMTEX/ -- Imperia Entertainment, Inc. (Pink Sheets: IPEI) announced today that it has accepted the offer (AND BY OFFER WE MEAN THE ADVERTISEMENT TO ANYONE WILLING TO PAY TO HAVE THEIR FILMS SCREENED..... HEY LOOK, CINGULAR JUST CALLED ME AND WANTS ME TO GET A MOBILE PHONE, I THINK I'LL "ACCEPT" THEIR OFFER) of the Venice Film Festival's Industry Office to screen "Say it in Russian" at the festival outside of the films in competition BECAUSE IT IS NOT GOOD ENOUGH TO BE ACCEPTED INTO COMPETITION SO WE MUST PAY TO SHOW IT (KIND OF LIKE HOW I HAVE TO PAY FOR MY WIFE TO HAVE A JOB). The Venice Film Festival is the oldest and most prestigious film festival in the world. It will take place from August 9 through September 8 on the Venetian island of Lido. Exhibition at festivals from now until the American Film Market in November is part of the company's strategy to obtain a theatrical distribution for the film. A theatrical distribution in the U.S. typically makes the film ultimately more valuable in foreign sales. LET'S ALL REMEMBER THIS WHEN IT NEVER EVER HAPPENS..NEVER GETS U.S. THEATRICAL DISTRIBUTION....AND THIS DREAM OF KEN SEEING AGATA IN EVERY THEATRE ENDS UP BEING A COMPLETE WASTE OF MONEY... UNFORTUNATELY OUR MONEY. OF COURSE I AM SURE KEN WILL RENT A THEATRE TO SHOW THE MOVIE, JUST SO HE CAN HAVE A RED CARPET PREMIER IN THE U.S. AND A REASON TO BUY A NEW OUTFIT FOR WHORGATA...
THE FACTS:
-Stock went from $2000 per share in 2004 (factoring in the reverse splits) to new low of 0.0001 yesterday[b/]
-1800 shareholders as of last month (all of who have probably lost their entire investment going by the charts)
-Look at the 60 month chart on pinksheets! If any shareholder held the stock more than a month in all of those years, they probably lost their money.
-The last 4-6 months being the steepest decline according to the charts.
-If you are long on this stock... you are gone on this stock..
The key word being "Scheme"
TRANSLATIONS IN BOLD.
Imperia Entertainment Formulates New Short and Long Term Revenue Strategy
BEVERLY HILLS, Calif., July 30, 2007 /PRNewswire-FirstCall via COMTEX/ -- Imperia Entertainment, Inc. (Pink Sheets: IPEI) (http://www.imperiaentertainment.com) announced today that it has formulated a plan to generate short term revenue of $680,000-$1.3 million over the next twelve months, while streamlining its long term strategy of producing revenue from high quality feature films BECAUSE THE $10 MILLION BOND IS BUNK AND I AM RUNNING OUT OF SAPS TO INVEST IN MY PRIVATE PLACEMENT. The company will divest itself of its family film production subsidiary, Muller Media, Inc. (Pink Sheets: MUMI), and is now seeking merger candidates in related fields WE HAVE DRAINED MULLER TO THE BONE AND WILL NOW SEEK ANOTHER SHELL COMPANY TO MERGE WITH IN ORDER TO DILUTE IT BECAUSE THERE IS NO INCOME COMING IN. It will hold back approximately 4 million shares of Muller for distribution of the dividend declared to Imperia shareholders last year, and enter into licensing agreements for the company's wholly owned distribution company, Imperia International Distribution, Inc., to handle distribution of Muller's library, which includes "The New Three Stooges" cartoon series.
Imperia International Distribution will seek immediate content distribution for its "Autograph(R)," "Faces & Names," and "The New Three Stooges" television series, and its feature film, "All That I Need," in traditional international distribution outlets, such as broadcast television and cable, and non-traditional outlets, such as Internet web site distribution of segments ALL OF WHICH HAVE NOT GENERATED ANY INCOME OF SIGNIFICANCE YET. It also will create downloadable segment content surrounding the explosive sport of mixed martial arts (MMA) in conjunction with its production of the feature film, "Never Submit," for the generation of short term revenue WE THINK WE CAN SELL THIS BUT THERE ARE HUNDREDS OF MMA WEBSITES THAT PROVIDE CLIPS FOR FREE AS WELL AS ALL OVER YOU TUBE. The company projects short term cash flow of approximately $680,000-$1,360,000 over the next twelve months (based on average prices for reality television programming as published in Variety) FROM HIGH BUDGET SHOWS THAT APEAR ON NETWORK TELEVISION WITH FULL DISTRIBUTION AND MAJOR STUDIOS BEHIND THEM, NOT "INTERNET SEGMENTS".
The company will continue its long term revenue production strategy of producing high quality feature films for distribution, and projects distribution of its feature film, "Say it in Russian," by the end of the American Film Market in November, with estimated worldwide gross revenues of $7.1 to $10.6 million over the next twenty four months JUST LIKE “ALL THAT I NEED” WAS PROJECTED TO MAKE 6 TO 10 MILLLION IN 2005("Previous total estimates for the film’s worldwide gross box office receipts range between $6 and $10 million. Soleil Film CEO, Kenneth Eade, remarked, “While It is important not to get overly excited about initial offers for foreign distribution until the film has been fully marketed, we are pleased with the initial interest levels and anticipate more of the same after the second screening.” ). First money from the film will be used to reimburse Imperia's $1.9 million cash investment WHICH WILL THEN BE USED TO REIMBURSE ME FOR MY EXPENSES, LOANS, LEGAL ADVICE, ETC. in the film, which will be used for future film budgets, and company earnings from its equity share of the film are projected at an additional $1.4 million to $2.1 million. The company continues production of "Never Submit," a feature film surrounding the sport of mixed martial arts (MMA), with earnings projections of $42 million A NUMBER I CAME UP WITH OFF THE TOP OF MY HEAD BECAUSE IT SOUNDS GOOD.
Finally, the company will launch a nationwide search for new management. Once a management team is secured, the company's current Chief Executive Officer, Kenneth Eade, will be stepping down as an officer of the company BUT WILL RETAIN CONTROL OVER THIS AS WELL AS THE NEW SHELL, and will concentrate on the creative side of the business SEPERATING INVESTORS FROM THEIR HARD EARNED MONEY.
Notice he says he is stepping down as CEO.. NOT stepping down as Chairman, and control of the company or giving up his preferred shares which give him complete voting power. Probably just looking for some sap to take the CEO position to take the fall when the SEC comes a calling..LOL Now he can "creatively" work behind the scenes focusing on dilution and new reverse splits..
Some guy on raging bull wants to know where our board is.. anyone have an account on there to inform him?: http://ragingbull.quote.com/mboard/boards.cgi?board=IPRE&read=3258
In other words we the shareholders own 20% of SIIR... the other 80% is owned by Ken's "angel" investors through PPM investment. And I am assuming that the $3.5 million budget and debts owing have to be paid off first. So even if SIIR sells for it's projected $10 million which IMO is very optimistic since movies like Napoleon Dynamite which were selected by Sundance etc. sold for $5 million (SIIR was submitted to Sundance and Cannes according to past PR's and obviously were rejected). Also keep in mind that Ken owns preferred shares in Imperia which are (from my understanding) convertible to common shares in a way that essentially makes common shareholder's percentage of the company nominal at best. The only thing to conclude is that even if SIIR sells then us as shareholders can not profit (except for maybe hype buys) But with increasing dilution even that is a long shot. All JMO but based on facts.. It's been like 3 years since SIIR filmed... how long do you think before NS is finally completed and sold and how much dilution and how many reverse splits by the time that happens? just some food for thought..
From imperia website about Say It in Russian:
The film, at a cost of approximately $3.5 million, has been shot on Super 35mm film, is being screened for distributors in major film festivals and markets
beginning with the Cannes Film Market in May 2007, and we expect to have a distribution deal by November 2007. Imperia owns 20.5% of the equity of the film,
The other 79.5% of the film is owned by investors.
Hollywood is already doing an MMA movie and they already finished shooting it. Sony Pictures is already in POST PRODUCTION on "Redbelt" which is an MMA movie staring UFC heavyweight champ Randy Couture and big name actors like Tim Allen..by David Mamet.. "Heist, Hannibal, Ronin, Wag the Dog" with full distribution worldwide through Sony. In other words Hollywood has already beaten Imperia to the punch... Redbelt is filmed and in the can by a top writer/director... it's got a $10 million budget and will be released long before Imperia's movie... Google Redbelt Imperia is a day late and a dollar short
http://www.latimes.com/news/local/la-et-goldstein19jun19,1,7612684.story?track=rss&ctrack=1&...
http://www.variety.com/article/VR1117963016.html?categoryid=13&cs=1
http://www.variety.com/article/VR1117964894.html?categoryid=13&cs=1
Ken Shamrock is the biggest MMA name in the NS cast. Check out how his last movie did: http://imdb.com/title/tt0385218/ or his other one http://imdb.com/title/tt0115864/ Both D movies.. And that last one was a fight movie as well...
http://www.pinksheets.com/pink/quote/quote.jsp?symbol=ipei#getCharts check out the 48 month, the 3 month, the 6 month, the 9 month, the 12 month, the 24 month, the 36 month, the 60 month charts.. Notice a pattern?
What state does this guy live in, the state of denial?
See the MUMI board.. http://www.investorshub.com/boards/board.asp?board_id=5772
The nutless wonder said:
http://www.investorshub.com/boards/read_msg.asp?message_id=20147281
here is the answer i got from them when i told them about a 98 percent loss.
We are responsible for running a company, not your investment decisions.
signed Ken Eade
PS. Love the new look on the board!
More DD. Now remember that Imperia WAS Soleil Film:
Company Notes:
Formerly=McSmoothies, Inc. until 6-02
Note=12-1-04 company is in the development stage focusing on film & television production
Formerly=Ameri-Dream Entertainment, Inc. until 11-03
Formerly=Soleil Film Television, Inc. until 7-04
Formerly=Soleil Film, Inc. until 8-05
Check this out:
http://www.northcountrygazette.org/articles/103106FaxFraud.html
NEW YORK---Michael O. Pickens, 52, a Texas stock promoter, pleaded guilty Tuesday in Manhattan federal court to three felony counts of securities fraud, involving a scheme to manipulate stock prices by distributing hoax faxes that were purportedly "misdirected" from their intended recipient.
These faxes purported to contain stock tips sent from a stock broker to his client.
According to the indictment, Pickens distributed the "misdirected" faxes in an effort to artificially increase the stock prices and market volumes of three stocks: Data Evolution, Infinium Labs, and Soleil Film.
I would rather Kenny boy find out from the article than on here. FYI, check out this chart...LOL! http://stockcharts.com/h-sc/ui?s=ipei
My vote is Mumi board style + Lawsuit info + Forbes Article or at least the parts that mention Eade + warnings of more dilution coming + Ken's bar record + the other stuff I sent you...+ the three month chart from hell... Then we can add the new article that is coming plus the RS when that is announced (I am sure soon) Add in about Ken saying to Mumi people about making your own investment decisions. Oh and add in his comment response to Cindy calling her the C word. That's my vote anyway..
Please provide warnings. If you read up there are at least three lawsuits against Imperia. Major dilution coming. Vote on Friday was taken to double the authorized shares to 2 billion. Ken has a 504 open and is selling stock. Just put out a PPM where he lied and said no lawsuits pending. Here is pretty much everything you need to know:
http://www.investorshub.com/boards/read_msg.asp?message_id=20897782
I nominate Cindy for a mod or assistant.. Especially after Ken called her Agata's pet name. That would be fantastic Karma. LOL! Cindy for mod, Cindy for mod!!!!
EVERYONE on here should be writing Seth!.. also, do your part and take my letter as a sample and submit it to other writers. Let's get the word out!!!!!!! When you put everything this guy is doing into one email like I just did, and look at it, it is really astonishing what is going on...
Dear Mr. Lubove,
In 2002 you did an article in Forbes about American-Dreams film company that included information about Elliot Lang and attorney Ken Eade. I believe you were on to something back then about Mr. Eade and things have now met a critical mass.
I am a shareholder in two companies operated by Mr. Eade including Imperia Entertainment (formerly American-Dreams and McSmoothy) and Muller Media. Shareholders have uncovered a number of deceptions by Mr. Eade. We would all appreciate a follow up story about this guy. We are worried that new unsuspecting investors might get caught up. The following is some information for you to examine.
As you can see, shareholders are not too happy with Mr. Eade:
http://www.investorshub.com/boards/board.asp?board_id=5772
http://www.investorshub.com/boards/board.asp?board_id=5553
He has been suspended from law practice in the state of California 13 times!!!!:
http://members.calbar.ca.gov/search/member_detail.aspx?x=93774
He takes clients trust account money without permission:
http://www.investorshub.com/boards/read_msg.asp?message_id=20314458
From: Richard Moore
To: bill@gruenbeckvogeler.com
Cc: James Hergott <jameshergott@gmail.com>
Date: Jun 7, 2007 4:02 PM
Subject: Hergott vs. Eade
Reply | Reply to all | Forward | Print | Add sender to Contacts list |
Delete this message | Report phishing | Show original | Message text
garbled?
Just a quick note to tell you about my dealings with Ken Eade. I have
found him to be very unreliable and to not fulfill contracts that he
makes. At present time, he owes me $60,000 in cash for a loan I made
to him for a 2- week duration almost a year ago. He said he didn't
have the cash, so he sent me stock which devalues to almost nothing by
the time you receive it. I am still spending my valuable time trying
to collect it, and will probably be in litigation within days.
I have also had other dealings with him that have cost me very large
sums of money. I will be addressing those also. I have already had
litigation against him about 4 years ago that resulted in my getting
back $200,000 that was in a trust account in his law firm that was
released without my consent. I thought it was just a lazy and dumb
mistake at the time and I forgave his error, but now I think it must
have been to the other side of the ledger.
I was the individual that introduced James Hergott to Ken Eade, as I
thought they could benefit each other. I would also like to say that
I know James has had this script in the works as far back as 4 years
ago when I funded his other movie script, "All That I Need".
I would be glad to get into more depth if needed.
Dr. Richard Moore
In a recent PPM he put out he announced projects that he does not even have the right to:
http://www.investorshub.com/boards/read_msg.asp?message_id=20884204
He also stated in the same PPM prospectus that he has no pending lawsuits or litigation:
http://www.investorshub.com/boards/read_msg.asp?message_id=20825028
Yet he is involved in at least three lawsuits right now including both Federal and Superior Court:
http://dockets.justia.com/docket/court-cacdce/case_no-8:2007cv00553/case_id-388806/
http://www.investorshub.com/boards/read_msg.asp?message_id=20817305
http://www.investorshub.com/boards/read_msg.asp?message_id=20848497
He has made comments in a recent PPM that he has a deal with the UFC (Ultimate Fighting Championship) which is the number one MMA organization when he in fact does not:
http://www.investorshub.com/boards/read_msg.asp?message_id=20827389
He calls women the C word when they ask completely reasonable questions about his public company:
http://www.investorshub.com/boards/read_msg.asp?message_id=20821493
He has gone onto message boards under aliases pumping the stock and insulting shareholders:
http://www.freefightingillustrated.com/neversubmitmov.htm
http://www.investorshub.com/boards/read_msg.asp?message_id=19782819
He has promised shareholders that the price of the stock would increase and encouraged them to buy while diluting the stock:
http://www.investorshub.com/boards/read_msg.asp?message_id=20818541
http://www.investorshub.com/boards/read_msg.asp?message_id=20828157
He steals people's movie projects and passes them off as his own:
http://www.investorshub.com/boards/read_msg.asp?message_id=20889082
Please, we as shareholders ask that you expose this guy. He seems to have no shame and is completely out of control!!!!!!!
Thank you,
Got the new email for Seth Lubove!!!!!
http://www.highbeam.com/doc/1G1-146499434.html
Seth Lubove is leaving the Los Angeles bureau of Forbes magazine to take over as Bloomberg News' L.A. bureau chief and an editor for Bloomberg Markets magazine.(Seth Lubove resigned from Forbes magazine Group)(Brief article)
http://www.bloomberg.com/apps/news?pid=20601109&refer=home&sid=a8VFwgtdQ9FM
http://www.bloomberg.com/index.html?Intro=intro3
To contact the reporters on this story: Seth Lubove in Los Angeles at slubove@bloomberg.net
http://www.allbusiness.com/north-america/united-states-california-metro-areas/1173633-1.html
http://www.iht.com/articles/2007/01/09/bloomberg/bxhedge.php
http://www.byliner.com/writer/?id=6768
It's too bad, that's some of his best work. I especially enjoyed the part where he told the shareholders to "get a life!" LOL.
Maybe he doesn't want to cop to this work since some of the things he had to say could get him deliverance time with Bubba and right now Marc is his bi$ch..
I see a patern with Ken Eade:
"Say It In Russian" Movie.....
FROM MARC'S EMAIL NOV 4, 2006
http://www.investorshub.com/boards/read_msg.asp?message_id=20737887
The movie is produced by Agata which is true to a certain extent, but let's be honest you are giving Agata most the credit for Larry Gross's work
"Brothers" Movie....
FROM TARQUIN'S EMAIL JUNE 29, 2007
http://www.investorshub.com/boards/read_msg.asp?message_id=20884204
Dear Ken - it has come to my notice that in a PPM you have put out on June 19th you are STILL claiming ownership of Brothers.
Under the Properties section it states:
> Imperia owns 85% of the screenplay, "Brothers."
You have done this while knowing perfectly well that ALL the rights have already reverted to me and my fellow writers. Please cease and desist from this dishonest claim immediately. I have asked you politely on a number of occasions to do this as it directly threatens my ability to sell this screenplay and therefore my ability to make a living.
"Never Sumbit" movie
FROM JAMES COURT DECLARATION JUNE 8, 2007
http://www.investorshub.com/boards/read_msg.asp?message_id=20314502
9. In addition, the Copy has modified the names of certain
characters. For example, the Original Script's character names for
"Don Eden" and "Marcus Taylor" have been changed in the Copy to "Jack
Eden" and "Bob Marcus."[/B]
12. Mr. Eade has not been truthful in his purported claim to a
copyright in this case. [B]In Mr. Eade's declaration in opposition, he
admits that he lied about changes to the dialogue in my Original
Script. He states at paragraph 14 of his declaration that he and his
wife made the changes, but in his correspondence he falsely stated
that another scriptwriter made the changes. (See email dated Feb. 20,
2007, attached as Exhibit C.)[/B]
12.[B] In addition to this false claim, Mr. Eade has misrepresented that
he is the sole author of the script. In his declaration, Mr. Eade
states in paragraph 6 that he "rewrote the entire script." Then in
paragraph 14, Mr. Eade declares that he and Agata Gotova "rewrote all
the dialogue in the script."[/B]
13.[B] Yet in the Internet Movie Database, which is reportedly the
largest database with information about movies, Mr. Eade has listed
himself and Don Dunn as the authors of the script. (See IMDB printout
attached as Exhibit D.)[/B]
FROM CINDY'S COURT DECLARATION JUNE 8, 2007
http://www.investorshub.com/boards/read_msg.asp?message_id=20314467
I found out that Mr. Eade intended to make changes to some of the scenes and then claim authorship of the script as his own. Additionally, I found out Mr. Eade fabricated the reason he terminated Mr. Hergott as director. 14. After reviewing the May 21, 2007 version of the shooting script, I concluded that the story is essentially the same as the script created by Mr. Hergott, and all modifications made are simply attempts to disguise the work as Mr. Eade's version.
Take credit for other people's work much???
Holy $hit!!! Article in Forbes about Ken Eade Scam artist!!!! And YES, this is the SAME Kenneth Eade who is chairman of Imperia Entertainment, Inc. It also mentions his wife Agata Gotova
Here is the juicy stuff. Full article follows:
Just as in Hollywood, not everything meets the eye when it comes to this company. AmeriDream's little office in Bermuda Dunes has been, or still is, the address for 14 other public and private companies, going by such names as Specialized Leasing, Herbalist and Cyber Vitamin. Behind the scenes is a small group of stock promoters and one very prolific Santa Barbara attorney, Kenneth Eade, who have put together companies that typically float in the nether regions of the over-the-counter Bulletin Board system. In 1998 one of the promoters, Russell (Skip) Nordstrom, of something called National Investors Council, was slapped by the Securities & Exchange Commission with a cease-and-desist order for failing to disclose that he was receiving payments from companies to issue glowing research reports. Nordstrom consented to the order without admitting or denying guilt. He was recently the head of investor relations of AmeriDream.
Elliott came into this bunch when Eade--whose Russian wife dabbles in Hollywood and will be acting, if you can call it that, in Conway's latest Dorf flick--brought him into an outfit called McSmoothies, which was supposed to develop a chain of stores selling fruit shakes. But without whipping up a single smoothie, the shell company morphed into AmeriDream by June. "We said this is clean, it doesn't have a skeleton in the closet," says Elliott. But Elliott didn't dream up AmeriDream overnight. The company is a reincarnation of a company he created in 1996, Sierra Entertainment.
Please note:
http://www.pinksheets.com/quote/company_profile.jsp?symbol=IPEI
Company Notes:
Formerly=McSmoothies, Inc. until 6-02
Note=12-1-04 company is in the development stage focusing on film &
television production
Formerly=Ameri-Dream Entertainment, Inc. until 11-03
Formerly=Soleil Film Television, Inc. until 7-04
Formerly=Soleil Film, Inc. until 8-05
NOW IMPERIA ENTERTAINMENT
The guy who wrote this article’s email is slubove@forbes.com
Here is the full article! You can view it on forbes.com for $2 but I have posted it in length for your viewing pleasure..
Forbes.com
Ameri-Dreaming
By Seth Lubove | Nov 25, 2002 | 1630 words, 0 images
Hollywood and risky investments have always gone hand in hand, but
here's one company that gives new meaning to the connection.
You'll find the headquarters of AmeriDream Entertainment in the dusty
desert town of Bermuda Dunes, Calif., east of Palm Springs. Nearby is
an engineering firm whose pipe inventory lies haphazardly around the
parking lot. Freight trains rumble across the street. A roadrunner
perches on the hood of a truck.
Inside, the company's ambitions far exceed its humble surroundings.
AmeriDream, which went public in June, has plans to not only produce a
series of movies featuring Carol Burnett's old sidekick, Tim Conway,
but also create television shows and build a $200 million, 12-acre
studio complex in the desert. The grandiose project is supposed to
include underground sound stages, a five-star hotel, a theme park,
golf course, trade school and its own magnetic monorail system. Oh,
and the little firm--which has yet to report any sales and is valued
at just $26.5 million--also has plans to rescue Social Security and
health care and, while they're at it, pay for your kid's college
tuition.
"We're now at the stage of being a minimajor," brags the company's
bearded chief executive officer, Lang Elliott , 53, a producer and
director who claims to have been the "founder" of TriStar Pictures
before selling it to the troika of Columbia Pictures, HBO and CBS.
That may come as news to Victor Kaufman, vice chairman of Barry
Diller's USA Interactive and TriStar's first chief executive and
"founding chairman."
Hollywood is full of dreamers and schemers. Some of them even succeed.
But, for sheer audacity, few can match Elliott and the cast of
characters he's assembled at AmeriDream. It turns out that the
company's other business is peddling tax lien certificates, a
speculative investment with a reputation for rapidly separating the
gullible from their money. To help run the company, Elliott has
recruited such notables as Reb Brown as chief operating officer--a
B-list actor whose star turns include a forgettable role as Captain
America in a TV movie. Tim Conway, who will be making movies for
AmeriDream featuring his stub-legged "Dorf" character, is a
"consultant."
Just as in Hollywood, not everything meets the eye when it comes to
this company. AmeriDream's little office in Bermuda Dunes has been, or
still is, the address for 14 other public and private companies, going
by such names as Specialized Leasing, Herbalist and Cyber Vitamin.
Behind the scenes is a small group of stock promoters and one very
prolific Santa Barbara attorney, Kenneth Eade, who have put together
companies that typically float in the nether regions of the
over-the-counter Bulletin Board system. In 1998 one of the promoters,
Russell (Skip) Nordstrom, of something called National Investors
Council, was slapped by the Securities & Exchange Commission with a
cease-and-desist order for failing to disclose that he was receiving
payments from companies to issue glowing research reports. Nordstrom
consented to the order without admitting or denying guilt. He was
recently the head of investor relations of AmeriDream.
Elliott came into this bunch when Eade--whose Russian wife dabbles in
Hollywood and will be acting, if you can call it that, in Conway's
latest Dorf flick--brought him into an outfit called McSmoothies,
which was supposed to develop a chain of stores selling fruit shakes.
But without whipping up a single smoothie, the shell company morphed
into AmeriDream by June. "We said this is clean, it doesn't have a
skeleton in the closet," says Elliott. But Elliott didn't dream up
AmeriDream overnight. The company is a reincarnation of a company he
created in 1996, Sierra Entertainment.
Like AmeriDream, Sierra was going to be a movie studio that would
build a "$150 million ultramodern technological" studio complex in Las
Vegas, "not unlike Universal Studios in Hollywood," blares its old Web
site. The company never built anything beyond the Web site and a press
release, but the architectural drawings didn't go to waste. When
Elliott announced his latest studio project, he simply lifted Sierra's
renderings of a tent-like complex ("It takes you back to the Barnum &
Bailey Circus," he smiles) and pasted them into the plans for the new
desert studio.
Also like AmeriDream, Sierra had another business that Elliott was
even more excited about: tax liens. Elliott claims he "stumbled" on
the idea of investing in tax liens in 1996 after attending seminars
organized by Ned Barrie Majors, a Myrtle Beach, S.C. lawyer and
promoter of the lien-buying concept. Smitten with the idea, Elliott
brought Majors aboard as a director of Sierra. After Sierra was folded
into AmeriDream, Elliott recruited Majors to help run the tax lien
business.
What exactly are these things? When a homeowner falls behind on his
property taxes, the municipal tax collector puts a lien on the
property. Many towns and counties, looking for quick cash, auction off
these liens in the form of certificates that entitle the holder to
future payments of the delinquent taxes, plus penalties and interest,
which can run up to 18% annually. If the property owner never pays,
the owner of the tax lien has the senior claim on the property, even
ahead of the first mortgage holder. If the lien holder undertakes some
legal expense, he can take over the property and evict the former
owner.
What the promoters don't say is that the tax lien market is illiquid,
unregulated and infested with scams. In July the feds packed off one
Ernest Frank Cossey, the former chief executive of TLC America, to
serve a 57-month jail sentence for overseeing a Ponzi scheme that
raised $146 million from 1,850 mostly elderly investors, ostensibly
for the purchase of tax liens. Instead the San Diego U.S. Attorney's
office says, the money was squandered on Thoroughbreds, racing dogs
and the refurbishment of the football stadium at Cossey's son's high
school.
"One of the largest investment frauds in the history of this
district," the U.S. Attorney said, which is quite an accomplishment,
considering the region's nickname (Scam Diego). SBM Certificate Co.,
one of the few public companies that invests in this stuff, posted
interest income of just 6% last year on $2.6 million of tax lien
certificates.
But Elliott doesn't mention any of these risks in his sales banter.
Instead he breezily claims that tax liens allow an investor to, say,
acquire a $100,000 property for just $1,000, or 1% of the assessed
value, if the property reverts to the tax lien holder. Put $50 million
into tax liens, he says, and you can expect a return of $1.1 billion,
or "$742 million on the low side."
He goes on: "With $2,000 invested over 18 years in tax liens, your
child could go to any college he wants to, buy a condo and get a
Porsche."
Elliott takes a 15% cut of the principal amount invested, which would
be a minimum of $3,600. That covers his cost of acquiring the tax
liens and inspecting the underlying properties. If the property goes
into foreclosure, Elliott demands 50% of the proceeds when the
property is sold. "Any way you look at it, it's tremendously
profitable," he beams.
For him it is. Potential investors in Elliott's tax liens may want to
talk with William Ford, a retired state worker living in Ontario,
Calif. Ford figures he lost as much as $9,000 investing in one of Ned
Majors' prior companies, Tax Lien Acquisitions of Roswell, Ga. Majors'
promotional material at the time promised "8% to 40% Government
Guaranteed Interest with almost No Down SideRisk of Principal," and
"the perfect tax loophole solution." But the company tumbled into
receivership in 1999, leaving Ford's and more than 1,000 other
investors' tax lien investments in disarray. Meanwhile, Majors is
tangled up in a lawsuit with his former partner in the firm.
"Somehow they spent $2,000 of my money on a lien, and when I
eventually got some documents from the county, it showed an assessed
value of $250," seethes Ford. "It was probably dirt sitting next to
the edge of a cliff." The receiver has so far returned $2 million to
investors, but much of the underlying real estate Majors bought has
turned out to be "of little value."
Elliott says he'll avoid such problems by training a nationwide staff
of on-site inspectors to check out the properties before buying the
liens. But that's just housekeeping. The real challenge, he contends,
is helping investors manage all the money they'll be piling up.
In fact, he's so convinced that tax liens are the path to riches that
he claims he's lobbied the Bush Administration and Congress to
consider allowing investors to plow their Social Security funds into
tax liens. "Say you put in $20,000 over the life span of work," he
says. "In just ten years that $20,000 will multiply into such huge
profits you won't even need insurance."
"Caveat emptor," sighs investor Ford.
By the Numbers
Dream On
AmeriDream has plenty of plans to spend money, but not much money of
its own in the bank.
$5 million
Budget for AmeriDream's first movie, Dorf USMC, starring Tim Conway in
his familiar role as a stub-legged doofus.
$200 million
Planned cost of AmeriDream's studio complex on 12 acres in the
California desert, including hotels, shops and restaurants.
$2 million
Total assets of AmeriDream, including existing film library.
Sources: AmeriDream Entertainment; financial filings.
Copyright (c) 1997-2007 Forbes.com Inc. All rights reserved.
Holy $hit!!! Article in Forbes about Ken Eade Scam artist!!!! And YES, this is the SAME Kenneth Eade who is chairman of Imperia Entertainment, Inc. It also mentions his wife Agata Gotova
Here is the juicy stuff. Full article follows:
Just as in Hollywood, not everything meets the eye when it comes to this company. AmeriDream's little office in Bermuda Dunes has been, or still is, the address for 14 other public and private companies, going by such names as Specialized Leasing, Herbalist and Cyber Vitamin. Behind the scenes is a small group of stock promoters and one very prolific Santa Barbara attorney, Kenneth Eade, who have put together companies that typically float in the nether regions of the over-the-counter Bulletin Board system. In 1998 one of the promoters, Russell (Skip) Nordstrom, of something called National Investors Council, was slapped by the Securities & Exchange Commission with a cease-and-desist order for failing to disclose that he was receiving payments from companies to issue glowing research reports. Nordstrom consented to the order without admitting or denying guilt. He was recently the head of investor relations of AmeriDream.
Elliott came into this bunch when Eade--whose Russian wife dabbles in Hollywood and will be acting, if you can call it that, in Conway's latest Dorf flick--brought him into an outfit called McSmoothies, which was supposed to develop a chain of stores selling fruit shakes. But without whipping up a single smoothie, the shell company morphed into AmeriDream by June. "We said this is clean, it doesn't have a skeleton in the closet," says Elliott. But Elliott didn't dream up AmeriDream overnight. The company is a reincarnation of a company he created in 1996, Sierra Entertainment.
Please note:
http://www.pinksheets.com/quote/company_profile.jsp?symbol=IPEI
Company Notes:
Formerly=McSmoothies, Inc. until 6-02
Note=12-1-04 company is in the development stage focusing on film &
television production
Formerly=Ameri-Dream Entertainment, Inc. until 11-03
Formerly=Soleil Film Television, Inc. until 7-04
Formerly=Soleil Film, Inc. until 8-05
NOW IMPERIA ENTERTAINMENT
The guy who wrote this article’s email is slubove@forbes.com
Here is the full article! You can view it on forbes.com for $2 but I have posted it in length for your viewing pleasure..
Forbes.com
Ameri-Dreaming
By Seth Lubove | Nov 25, 2002 | 1630 words, 0 images
Hollywood and risky investments have always gone hand in hand, but
here's one company that gives new meaning to the connection.
You'll find the headquarters of AmeriDream Entertainment in the dusty
desert town of Bermuda Dunes, Calif., east of Palm Springs. Nearby is
an engineering firm whose pipe inventory lies haphazardly around the
parking lot. Freight trains rumble across the street. A roadrunner
perches on the hood of a truck.
Inside, the company's ambitions far exceed its humble surroundings.
AmeriDream, which went public in June, has plans to not only produce a
series of movies featuring Carol Burnett's old sidekick, Tim Conway,
but also create television shows and build a $200 million, 12-acre
studio complex in the desert. The grandiose project is supposed to
include underground sound stages, a five-star hotel, a theme park,
golf course, trade school and its own magnetic monorail system. Oh,
and the little firm--which has yet to report any sales and is valued
at just $26.5 million--also has plans to rescue Social Security and
health care and, while they're at it, pay for your kid's college
tuition.
"We're now at the stage of being a minimajor," brags the company's
bearded chief executive officer, Lang Elliott , 53, a producer and
director who claims to have been the "founder" of TriStar Pictures
before selling it to the troika of Columbia Pictures, HBO and CBS.
That may come as news to Victor Kaufman, vice chairman of Barry
Diller's USA Interactive and TriStar's first chief executive and
"founding chairman."
Hollywood is full of dreamers and schemers. Some of them even succeed.
But, for sheer audacity, few can match Elliott and the cast of
characters he's assembled at AmeriDream. It turns out that the
company's other business is peddling tax lien certificates, a
speculative investment with a reputation for rapidly separating the
gullible from their money. To help run the company, Elliott has
recruited such notables as Reb Brown as chief operating officer--a
B-list actor whose star turns include a forgettable role as Captain
America in a TV movie. Tim Conway, who will be making movies for
AmeriDream featuring his stub-legged "Dorf" character, is a
"consultant."
Just as in Hollywood, not everything meets the eye when it comes to
this company. AmeriDream's little office in Bermuda Dunes has been, or
still is, the address for 14 other public and private companies, going
by such names as Specialized Leasing, Herbalist and Cyber Vitamin.
Behind the scenes is a small group of stock promoters and one very
prolific Santa Barbara attorney, Kenneth Eade, who have put together
companies that typically float in the nether regions of the
over-the-counter Bulletin Board system. In 1998 one of the promoters,
Russell (Skip) Nordstrom, of something called National Investors
Council, was slapped by the Securities & Exchange Commission with a
cease-and-desist order for failing to disclose that he was receiving
payments from companies to issue glowing research reports. Nordstrom
consented to the order without admitting or denying guilt. He was
recently the head of investor relations of AmeriDream.
Elliott came into this bunch when Eade--whose Russian wife dabbles in
Hollywood and will be acting, if you can call it that, in Conway's
latest Dorf flick--brought him into an outfit called McSmoothies,
which was supposed to develop a chain of stores selling fruit shakes.
But without whipping up a single smoothie, the shell company morphed
into AmeriDream by June. "We said this is clean, it doesn't have a
skeleton in the closet," says Elliott. But Elliott didn't dream up
AmeriDream overnight. The company is a reincarnation of a company he
created in 1996, Sierra Entertainment.
Like AmeriDream, Sierra was going to be a movie studio that would
build a "$150 million ultramodern technological" studio complex in Las
Vegas, "not unlike Universal Studios in Hollywood," blares its old Web
site. The company never built anything beyond the Web site and a press
release, but the architectural drawings didn't go to waste. When
Elliott announced his latest studio project, he simply lifted Sierra's
renderings of a tent-like complex ("It takes you back to the Barnum &
Bailey Circus," he smiles) and pasted them into the plans for the new
desert studio.
Also like AmeriDream, Sierra had another business that Elliott was
even more excited about: tax liens. Elliott claims he "stumbled" on
the idea of investing in tax liens in 1996 after attending seminars
organized by Ned Barrie Majors, a Myrtle Beach, S.C. lawyer and
promoter of the lien-buying concept. Smitten with the idea, Elliott
brought Majors aboard as a director of Sierra. After Sierra was folded
into AmeriDream, Elliott recruited Majors to help run the tax lien
business.
What exactly are these things? When a homeowner falls behind on his
property taxes, the municipal tax collector puts a lien on the
property. Many towns and counties, looking for quick cash, auction off
these liens in the form of certificates that entitle the holder to
future payments of the delinquent taxes, plus penalties and interest,
which can run up to 18% annually. If the property owner never pays,
the owner of the tax lien has the senior claim on the property, even
ahead of the first mortgage holder. If the lien holder undertakes some
legal expense, he can take over the property and evict the former
owner.
What the promoters don't say is that the tax lien market is illiquid,
unregulated and infested with scams. In July the feds packed off one
Ernest Frank Cossey, the former chief executive of TLC America, to
serve a 57-month jail sentence for overseeing a Ponzi scheme that
raised $146 million from 1,850 mostly elderly investors, ostensibly
for the purchase of tax liens. Instead the San Diego U.S. Attorney's
office says, the money was squandered on Thoroughbreds, racing dogs
and the refurbishment of the football stadium at Cossey's son's high
school.
"One of the largest investment frauds in the history of this
district," the U.S. Attorney said, which is quite an accomplishment,
considering the region's nickname (Scam Diego). SBM Certificate Co.,
one of the few public companies that invests in this stuff, posted
interest income of just 6% last year on $2.6 million of tax lien
certificates.
But Elliott doesn't mention any of these risks in his sales banter.
Instead he breezily claims that tax liens allow an investor to, say,
acquire a $100,000 property for just $1,000, or 1% of the assessed
value, if the property reverts to the tax lien holder. Put $50 million
into tax liens, he says, and you can expect a return of $1.1 billion,
or "$742 million on the low side."
He goes on: "With $2,000 invested over 18 years in tax liens, your
child could go to any college he wants to, buy a condo and get a
Porsche."
Elliott takes a 15% cut of the principal amount invested, which would
be a minimum of $3,600. That covers his cost of acquiring the tax
liens and inspecting the underlying properties. If the property goes
into foreclosure, Elliott demands 50% of the proceeds when the
property is sold. "Any way you look at it, it's tremendously
profitable," he beams.
For him it is. Potential investors in Elliott's tax liens may want to
talk with William Ford, a retired state worker living in Ontario,
Calif. Ford figures he lost as much as $9,000 investing in one of Ned
Majors' prior companies, Tax Lien Acquisitions of Roswell, Ga. Majors'
promotional material at the time promised "8% to 40% Government
Guaranteed Interest with almost No Down SideRisk of Principal," and
"the perfect tax loophole solution." But the company tumbled into
receivership in 1999, leaving Ford's and more than 1,000 other
investors' tax lien investments in disarray. Meanwhile, Majors is
tangled up in a lawsuit with his former partner in the firm.
"Somehow they spent $2,000 of my money on a lien, and when I
eventually got some documents from the county, it showed an assessed
value of $250," seethes Ford. "It was probably dirt sitting next to
the edge of a cliff." The receiver has so far returned $2 million to
investors, but much of the underlying real estate Majors bought has
turned out to be "of little value."
Elliott says he'll avoid such problems by training a nationwide staff
of on-site inspectors to check out the properties before buying the
liens. But that's just housekeeping. The real challenge, he contends,
is helping investors manage all the money they'll be piling up.
In fact, he's so convinced that tax liens are the path to riches that
he claims he's lobbied the Bush Administration and Congress to
consider allowing investors to plow their Social Security funds into
tax liens. "Say you put in $20,000 over the life span of work," he
says. "In just ten years that $20,000 will multiply into such huge
profits you won't even need insurance."
"Caveat emptor," sighs investor Ford.
By the Numbers
Dream On
AmeriDream has plenty of plans to spend money, but not much money of
its own in the bank.
$5 million
Budget for AmeriDream's first movie, Dorf USMC, starring Tim Conway in
his familiar role as a stub-legged doofus.
$200 million
Planned cost of AmeriDream's studio complex on 12 acres in the
California desert, including hotels, shops and restaurants.
$2 million
Total assets of AmeriDream, including existing film library.
Sources: AmeriDream Entertainment; financial filings.
Copyright (c) 1997-2007 Forbes.com Inc. All rights reserved.
Write the mods...
insanitie's email. dj_insanity1@hotmail.com
Thermite666's email: lexion75@hotmail.com
Unbelievable! I guess all we can do is tell them whats up. There's one born every minute..
I am completely serious, we need to get warnings up on this board. I was just sent the emails for the mods. insanitie's email. dj_insanity1@hotmail.com Pleaee write him. Here is Thermite666's email: lexion75@hotmail.com write him as well..
He would have to buy mine at a dollar each or something for me to see the light of day..lol
I'm just saying I lost most of my money in this stock and it's not worth selling at this point, no real value left anyway.
LOL.. SHOULD HAVE LISTENED TO ME AND SOLD BEFORE THE 41% HAIRCUT TODAY. IT MAY GO UP ONE DAY OR THE OTHER BUT IT IS ALWAYS ONE STEP UP, TWO STEPS DOWN. DON'T WORRY, NO MATTER HOW LOW IT GOES, IT WILL GO LOWER. SEE THE CHART, THERE IS NO BOTTOM. WHEN IT REACHES BOTTOM IT GOES THROUGH AN RS AND THERE IS NEW UNLIMITED POSSIBILITIES FOR DILUTION. KEN OWNS PREFERRED STOCK HE CAN CONVERT AT ANY TIME TO COMMON AND HE OWNS 99% MORE THAN WHAT THE OPEN MARKET OWNS SO HE CAN DO AS HE WANTS WITH THE COMPANY, BREAK OFF ANOTHER SMALL CHUNK AND FLOOD THE MARKET. ALL OF THIS IS IN THE PPM IF YOU TOOK THE TIME TO READ IT.
As for the scenario I wrote, why would any company give Imperia $10 million in financing unless they had a plan to keep the company afloat?
DID YOU SEE THE LINK I SENT YOU? THAT COMPANY IS NOT LEGIT. THEIR ADDRESS IS A SUITE IN VEGAS AND THEY ARE INVOLVED IN LAWSUITS AND PEOPLE INVOLVED WITH THEM HAVE DONE JAIL TIME. AGAIN, READ THE LINK. IT IS BOGUS
Why would any celebs want to be involved with a movie if the company was a complete scam?
MOST OF THE FIGHTERS AND THE LEAD ACTOR HAVE ALREADY WALKED OFF NS. FAYE DUNNAWAY IS WAY OVER THE HILL AND DOING B MOVIES NOW. ACTORS WILL TAKE WORK LIKE ANYONE ELSE. KEN IS PAYING THEM WITH YOUR MONEY... THEY ARE NOT ENDORSING THE COMPANY, ONLY WORKING FOR PAY. IF YOU CAN SCAM INVESTORS OUT OF MILLIONS YOU CAN HIRE ACTORS FOR YOUR PROJECT AS WELL.
Diluting the stock and performing a reverse split multiple times can be cause for investor lawsuit, not a smart move and no real money in doing it, look at others who've tried.
THERE IS REAL MONEY IN DOING IT. KEN SELLS THE PPM TO HIS PALS AND GIVES THEM A TON OF FREE TRADING SHARES THEY CAN FLOOD INTO THE MARKET. HE GETS THE MONEY FOR HIS MOVIES. YOU GET SCREWED.
LOL.. BEING SUSPENDED 13 TIMES FROM LAW PRACTICE ISN'T A SMART MOVE EITHER, BUT KEN PULLED IT OFF. YOU SOUND LIKE THE PEOPLE WHO WERE TALKING OVER ON THE MULLER BOARD TWO MONTHS AGO BEFORE THE LATEST RS. CHECK OUT THE BOARD NOW:
http://www.investorshub.com/boards/board.asp?board_id=5772
AND MAKE NOTE OF THE CHART..
When is this months Investor Conference Call scheduled for?
IT WONT MATTER, IT WILL BE LIES AND BS.
I say 3-4 weeks..
LOL.. you must be a newbie... You know what they say about a fool and his money..
First off the stock is not going down because of us bashing it, in fact what we have to say on here has very little effect. The reason the stock is dropping is because of the MASSIVE DILUTION that is going on. The PPM just released last week states that shares are being sold at a discount and investors can immediately go out and dump these into the marketplace. Ken sent a letter out that he is holding a meeting to DOUBLE THE AUTHORIZED SHARES to 2 Billion!!!! Why would he do that if he was serious about doing a buy back? The bond was supposed to come in before March. All Ken is using it for is to rope in investors for his PPM. If he had 10 million to pay for the movie, why is he trying to sell shares and units like crazy to raise the money? The $10 million is bogus. It is never coming in. It was supposed to be in for March.. now Dec 07.. company looks like a fake.. Your argument that this is bad business is laughable. As if Ken has some kind of conscience. This is the same guy who has been suspended from law practice 13 times:
http://members.calbar.ca.gov/search/member_detail.aspx?x=93774
And who takes money out of clients trust accounts:
http://www.investorshub.com/boards/read_msg.asp?message_id=20314458
And doesn't pay employees:
http://www.investorshub.com/boards/read_msg.asp?message_id=20314467
Here is some DD about Nexxus:
http://www.kycnews.com/message_board_detail.asp?id=56294&page=1
Look at the pattern of deception with Imperia and Eade. Many promises made and broken. Look at the MUMI board. SIIR was supposed to be finished over a year ago. He has announced about 10 different times that the project is finished. In PPM he states that he is still trying to raise money to finish it. For the movie ATIN he stated it was projected to make $10 million!!! It made nothing.
Oh, did I mention he admits in the PPM that he has been selling shares into the open market since March in a Reg D offering and is continuing to do so? The price is dropping because the company is selling and giving away shares, not because of what we are saying...
As I said before, those who don't learn from history..
-Here is my prediction.. stock drops to 0.0001
-Ken's vote goes through to increase authorize shares to 2 billion (because he controls all of the preferred shares)
-A reverse split
-Dilution starts all over
-You finally see things our way after learning a hard lesson..
Good work faster! Will do... I really hope insanity posts some warnings at the top of this board. There is no point in anyone putting their head in the sand anymore and ignoring the obvious.. THAT THIS IS A BIG MONEY GRAB FOR A CROOK CEO! We owe it to new investors not to throw their money away.
Insanity.. Please post warnings like on MUMI board. New shares being sold to finance NS, authorized shares increasing and major dilution coming!!!!!
I second the motion to do this. This is getting nuts...
If you want to do your part to warn the newbies, I would start with the IFLI investors over on yahoo..
http://messages.finance.yahoo.com/Stocks_%28A_to_Z%29/Stocks_P/forumview?bn=34192
Some of these fools are actually encouraging buying the stock stating that "the risk is low because it is so cheap" Everyone should help show these newbs the light. ANY price is a risk when the printing press for the next round is just getting warmed up.
Welcome.. You have now taken the black pill and are on the side of the force. You can contribute in several ways to the cause. Here are some things you can do (you may want to tape this to your fridge). If you follow this list you will be smarter, wealthier, happier, healthier and on a path to heaven:
1) Make sure to NEVER EVER buy this stock (IPEI) or any of Ken Eade's stocks (MUMI for example)
2) If you do own this stock or Muller Media stock and your stock is still worth more than the cost to trade it, sell it IMMEDIATELY.
3) Contact your broker and fill out the SEC complaint form and submit it. Many of us helped to get restrictions lifted and if we put in the same efforts to bring this stock to the attention of the brokers, market makers and SEC we can stop this scum bag.
4) Warn everyone you can not to buy this stock (or MUMI). You will be saving them A LOT of money.
5) Contact undervalue who is organizing a class action lawsuit
We must all do our part..
Riddle me this new sack..
1) Why is it if you are such an experienced investor why all your posts are on the IPEI board?
2) Why would pumping the stock on here have any effect at all? You think someone saying something good about this stock on here (which would be misleading) will help boost the stock? The guy running this company is printing shares as fast as he can and selling them directly (Reg D offering) and indirectly (PPM) as much as he possibly can. And those sales are all at a discount to the market value. There is NO INCOME from any of the projects and if there ever is, so much is owed to PPM and angel investors that shareholders would never ever see a penny. Ken will sell every single share he can and then reverse split when he cant sell anymore. This has been the pattern of this company since day one. Some of us just had to learn a hard lesson to figure it out. So when you have a guy printing shares as fast as the machine will spit them out, how could bashing or praising the company possibly make any difference?
3) Yes, the stock could shoot up one day or another and if you are fast you could make some money by being a fast flipper BUT overall the stock will continue to drop and nothing anyone says will have any effect on this. So why waste your time praising it or playing it? Some of us have a conscience and want to warn people that putting good money into this is the same as putting money on a rigged fair game. Could you possibly get the ball in the cup and win the big stuffed animal? Sure, maybe once in a 1000 but the other 999 times you will be parted with your money. Why on earth would you even risk it on this stock when there are thousands of other stocks out there with much better odds?
4) You should thank your lucky stars that you were properly warned on here. You are either incredibly stupid for investing in this stock (look at the ski slope of a chart) or you are Ken or one of his angles. Either way you are preaching to the wrong crowd. We've all been bent over on this stock and if you stay, the same will happen to you. Nobody cares about this stock anymore and all the goodwill is gone. We just want to warn people so they don't have the same fate as us.
My advise? Go to the fair, you have a better chance at the big bunny. On this one, nine times out of ten you will walk away with empty pockets. My advise is to sell your shares immediately and run as far away as you can. You've been warned. The longer you leave your money on this table, the more chance it will be gone. Leave your money in long term and you will get a 99.9 percent haircut.. We all have, even during times when everyone was praising the stock. Those who don't learn from History are doomed to repeat it..
IMO investors = personal ATM for Eade.. More DD:
http://ragingbull.quote.com/mboard/boards.cgi?board=IPEI&read=46
By: yellowsnow
11 Apr 2007, 10:22 PM EDT
Msg. 46 of 49
Jump to msg. #
I worked on the Imperia movie SIIR as part of the crew and the following is what I heard while on set and from others since then:
-Ken started the company to make his Russian wife Agata a star. She has no tallent. From what I have heard and seen very little carisma either. Ken sells the hell out of the stock to pay for it
-Agata was 28 in 2000 source: http://sec.edgar-online.com/2000/03/24/13/0001109664-00-000003/Section4.asp Which means she really 35 NOT 29 http://imdb.com/name/nm1148918/ unless she is forever young
-Agata was was having affairs while filming the movie including with her personal trainer. Most of the crew knew about the affairs but I think Ken was in the dark. Apparently he was spending a fortune on her clothing, jewlery etc to keep her happy.
-The bond was supposed to come in a month ago. If you check out the website for the company providing the bond there are spelling mistakes. The company is a joke.
-SIIR was well shot but has little plot and Agata's acting is sub par at best. I doubt it will ever go anywhere of significance..
My two cents from what I have heard...
(Voluntary Disclosure: Position- No Position; ST Rating- Sell; LT Rating- Sell)
What happens with the Bond that was supposed to come in last week and what effect does this resignation have on that? I wonder if Ken is deliberately delaying the news till after the Bond is finalized. If that's the case I am sure the bond company would not be too happy that Ken is deliberately withholding such information...
Here is the bond company contact info:
http://www.nexxusone.com/Html/index-5.html
Yeah, half of my posts have been anti IPEI but I'm James.. suuuuuurrreee..lol
Word on the street is he was owed months of back pay and puppet master Kennyboy was trying to squeeze wifey into a lead role in Never Submit so James bailed...
Ken vs. James... love it! I think the PPM will shoot up
I heard a rumor from a current employee of the company that James resigned yesterday..
Good DD.. .. More DD, check out the posts under IMDB Never Submit page that talks about Andrei Arlovski.