Credit where credit is due. Props to you

The update broken down by paragraph

Update is a complete joke...on shareholders

Talk about kicking the can down the road.

It's really more of a sales pitch for the future then it is an update about what has taken place up to now. I don't think Li cares about the shareholders based on this update.

There is no, "I understand how frustrating it has been for our shareholders and I do not take the trust you have placed in SRMX with your investment lightly. All of us at SRMX are working very hard everyday to bring our revolutionary products to market and to provide our shareholders with value for their investment. I will be as transparent as possible, within the frame of NDA's in place with other companies and I thank you for your support."

Instead, we are given a sales pitch and no real facts or information to explain what has happened in the past months since Li took over, and nothing tangible about what will happen in the coming months.

Let's review the update:

"As you know, our Company (TriCascade, Inc/SkyFidelity, Inc/SRMX) has been very busy developing ground-breaking technologies in two separate and distinct industries: the 5G LTE marketplace (SkiQ) as well as the Smart Home marketplace (ThermoRing; Smart Light Switch; Smart Outlet). Soon we will be revealing our development of various “Smart City” applications and devices that will truly turn heads in the industry and around the world."

Ummm, we don't know what they've been busy doing.
SOON, how soon?
Truly turn heads sounds great, not informative.

"We have previously disclosed and discussed key technology that our Company is developing in the 5G LTE and Smart House categories: the SkiQ; the ThermoRing; the Smart Light Switch and the Smart Outlet. The important subcategories of development within these two industries include the development of voice command software, Edge Computing (for Big Data management); and NB (Narrow Band)- IoT"

So, mostly a repeat of the prior paragraph and nothing new here.

"The great news for our Company is that we are quickly becoming industry leaders in all of these categories. The 5G LTE Router business is wide open with innovation centered around 5G LTE Routers which will provide homes and businesses with the benefit of 500 + Mbps internet speeds. In parallel to the rapid development of 5G technologies, we have developed the SkiQ to take advantage of the tremendous opportunities to deliver what we consider to be the first 5G Router for the home and or business."

Industry leaders in ALL of these categories? How can one lead an industry that apparent doesn't exist yet? More of a sales pitch.
SkiQ is WHAT WE CONSIDER TO BE THE FIRST 5G ROUTER. WE CONSIDER? So, maybe another developer of a 5G router thinks they are the first? We consider does not mean we are.

"The difficulty with being an innovator in the 5G world is that the telecom industry is not quite ready to deliver on their end of the bargain—5G is not ready and therefore the communication technology—the SIM cards—necessary to deliver fast broadband is also not ready. In addition, none of the Telecoms in this country have figured out how to deliver a 5G “unlimited” data plan—without this plan 5G Routers cannot fully deliver on the Home Broadband promise. Therefore, the introduction of SkiQ to the marketplace has been delayed due to the inability of the telecoms to provide us with the SIM technology we need to operate the SkiQ. When the telecoms are ready to deliver their SIM technologies to us, we will be ready to unleash SkiQ to the world!"

Oh boy. Difficulty with being an innovator? The telecom industry not ready to deliver on their end of the bargain? So this means SRMX is further along in it's development and innovation then the likes of ATT, etc? SRMX is casting blame on the major telecom companies of the world for holding up the SkiQ from being utilized? C'mon man. We're ready but it's all their fault. Who believes that? And when SRMX announced in February that 5,000 units would be delivered in June, did they not know the telecoms wouldn't be ready?

"With respect to the Smart House, our Company has developed the first of its kind Smart Thermostat that incorporates NB-Iot “SIM” communication. What is so cool about this you may ask? NB-Iot communication does not require WiFi in the house to provide basic communications between the Cloud and Smart House devices. NB-IoT replaces WiFi for purposes of all Smart House Communication. Why is this important? If you don’t have WiFi in your home-or if your WiFi has a high failure rate—your Smart House can still be Smart."

Another sales pitch for a product that can't be sold yet. Doesn't say when this will become a reality.

"TriCascade’s Voice Command System built into our Smart Light Switch and Smart Outlet is also a technological innovation that sets the stage for our domination in that industry. Why buy a “voice command” speaker (Alexa, etc) when you can talk to Smart House devices already built into the walls of your home?"

Another sales pitch and pie in the sky talk of replacing Alexa. Nothing here that helps shareholders understand what has happened up to now.

"Finally, in the NB-IoT space, our Company is currently working with Tier 1 telecommunications companies to develop the first Smart City NB-IoT solutions. These far reaching applications will provide cities with the ability to control water, electricity, lighting, air quality, soil quality as well as various other environmental issues."

Another fluff sales pitch with no tangible information.

"Throughout the course of the development of all of our new technologies we have engaged with several major Tier 1 technology companies to perform beta testing of our devices with their technology. Unfortunately, due to those frustrating NDAs we have to sign, we are not allowed to disclose additional information about these new relationships currently in the development stage. We are currently negotiating with these companies to jointly disclose our business relationships and agreement. For various reasons, some of these disclosure relationships will not occur until the CES show in January 2019. Others will be disclosed in the coming months."

Waste of words. Frustrating NDA's we have to sign, really? Is that how a professional organization refers to standard documents? Why not simply say there are NDA's in place and as soon as we are able to disclose information we promise we will. We anticipate this will happen late in 2018 or early 2019? Seems condescending for them to say it how they did.

"The bad news for technology companies like ours is that the cost of developing and manufacturing the hardware and software technologies to achieve industry leader status and world domination is expensive. Technology ain’t cheap. Over the past two years, TriCascade has incurred well over one million dollars in manufacturing and development costs to obtain technology patents and to bring to market the SkiQ; ThermoRing; Smart Light Switch and Smart Outlet. In addition to these costs, we anticipate incurring additional expenses relating to the manufacturing and development of Voice Command, Edge Computing and NB-Iot technologies."

Bad news for tech companies LIKE OURS. So, trying to say we are in the same boat as others to make it seem like this is the norm.
World Domination? Are you serious. This is so over the top it is ridiculous. Newsflash, no company has achieved world domination.
Technology ain't cheap. Did they just figure this out? Tricascade has spent over a million on products including SkiQ. I thought SkiQ was under the SkyFidelity? We anticipate additional expenses. Why not just say, we will incur hundreds of thousands of dollars in additional expenses? We anticipate, so maybe we won't? C'mon.

"Unfortunately, when our Company shares are purchased in the market, our Company does not receive that money from the shares of stock purchased. Therefore, our Company has had to resort to funding these manufacturing and development expenses internally or with the help of outside finance companies. Based upon this type of financing, new shares of SRMX have had to be allocated to the market."

Wait, the company doesn't receive the money from share purchases?? OMG, the only company this happens to. Is this supposed to make us feel bad for them? Therefore, as if they have no other option, had to resort to funding internally or with outside COMPANIES (plural). Internally, how? Would be nice to tell us how they are able to fund internally but I don't believe that is true. Outside companies, which means NB is not the only one who has/will dilute the crap out of this. New shares allocated, but they don't say how many so far.
They give specifics in the sales pitch of devices above but no specifics related to hat is impacting shareholders.

"What is the upside to all of this? Our opinion is that our Company will be one of the most important and innovative companies in the world delivering advanced and unique technology solutions to the 5G, Smart House and Smart City worlds. We anticipate that the sales of certain Company technologies will not become fully deployed until the 4Q of 2018 or the 1Q of 2019. In the meantime, we are working every day with our domestic and international technology relationships to create unique opportunities for our Company to sell products across the globe."

So, the only upside to all of this is their opinion that the company will be blah, blah, blah, in the world, blah, blah, blah.
That's the upside for shareholders?
It's a slap in the face to give us this sales sheet and not address all of the elephants in the room.
Basically we were told shares will be diluted into oblivion and nothing will be happening for us until 6-9 months from now, and we should just be happy and believe in world domination.
Who is okay with this, seriously?

We know what we own! HAHAHAHAHAHA

What's that smell? Bad secret sauce.

I hope you're not down 30% by end of day

https://backend.otcmarkets.com/otcapi/company/dns/news/document/31668/content

Best Buy, Ticker, Golden Samples, 1-17 ATT PR, 5,000 SkiQ units delivered by June, just to name a few of the BS headlines SRMX put out there.

So, In February, when SRMX said thousands of SkiQ's would be delivered by June, they didn't know the technology wouldn't be ready for SkiQ to operate???

We were lied to plain and simple.

Max Li did not write the update

Looks like whoever they have writing their Twitter crap is the one who wrote the information and slapped Max's name on it.
With Max's approval of course.

Max does not write in any way close to what is written in the update.

This is NOT a criticism of his writing, just a fact that he does not use the correct words or correct grammar when he writes.

Examples of actual writings from Max are below. Compare these to the update and it is clear he did not write the recent document.

It was missing because it's not happening

With all of the bad news in the update, if there was anything good to report it would have been in there. The reason it wasn't mentioned is because it's not going to happen anytime soon, if at all.

How about that ticker change coming soon?

Been saying for 4 months it wasn't going to happen and that the documents Peabody said would be submitted to FINRA by 2-28, never were or weren't good enough.

Oops. Right again.

And notice how it wasn't even mentioned in this "update".

I guess FINRA isn't set up to handle such high tech stuff. Maybe they will be ready in 2019.

Who said the ATT chats were BS??

Yup, I did.

And I'm the only one who provided actual proof that the chats posted which said SkiQ would be sold by ATT, Sprint, Verizon, TMobile, etc, were bogus and the customer who initiated the chats never asked the tough yet simple question: Where did you pull this information from? And the answer would have been, By doing a Google search. Just like in the chats I had and posted.

I presented facts all along, starting in February, explaining why I believed people should be skeptical for many reasons and I always provided proof of my beliefs.

Too bad I was right and the hundreds of posts attacking me were wrong.

Read my posts over the past 4 months tell me who had the best grip on what was happening.

Facts still matter and always will.

How about posting the email your Dad got?

Max and Tim won't care. Max is going to disappear like he did with Ricavision and Tim will be in jail for securities fraud.

Show us what you got.

Ignoring facts, not understandable. Shameful.

KABOOM!!!!

Max Li success story. Read here:

Not really. Remember when I posted this in May and I took so much heat from those who said it was a long time ago, it has no bearing on SRMX, he is a genius, etc, etc??

It should not be a surprise that this day has come.

Max Li - CEO of Ricavision
1997 – 2007
10 yrs
Newport Beach, CA
__________________

Julie Jacobson, CE Pro · October 8, 2008

Goodbye Ricavision? Media Center and SideShow Darling Disappears
One of the early darlings of Windows Media Center, and a great hope for Vista SideShow, seems to have disappeared ... with beta tester dollars.

Ricavision, a great hope in the Media Center space, appears to be out of business.
Phones are disconnected at the Irvine, Calif. headquarters of the PC maker, which was one of the most promising purveyors of Windows SideShow technology.

A former employee who answered his cell phone indicated that Ricavision was essentially gone.

Privately held Ricavision International Inc. was founded in 1993 but reinvented itself in 2004, when it focused its operations on Windows Media Center.

Ricavision caused quite a stir at CES 2006, where it launched its Plix brand of high-end Media Center PCs.

That was about the last we heard from the company until one year later when, at CES 2007, the company wowed Vista lovers with a prototype remote control running Windows SideShow.

SideShow was then – and still is—an emerging technology that enables little bits of information grabbed from Vista PCs (e.g., Outlook appointments and electronic programming guides) to be accessed even without booting up. (Read the SideShow White Paper.)

In its first iteration, Ricavision’s product used IR for A/V control and Bluetooth for SideShow communications. It was originally scheduled to ship in April 2006 for about $199 retail.
Not even close.

Beta Tester Loses Out
Our Media Center/SideShow adviser Derek Flickinger of Interactive Homes Inc., beta tested the first version of VAVE. He thought it was pretty cool, despite the usual pre-release bugs, driver issues and tooling. Worst of all, it was not a universal remote.

We never ran that story. Ricavision put the kibosh on it.

The new and improved VAVE100 appeared this past January at CES, improving upon the original design in several areas. Flickinger believes that, based on the specs of the VAVE100, “Ricavision really did listen to input and had incorporated some pretty cool features.”
This one would have universal remote capabilities, among some other niceties.

Being the eternal optimist, SideShow aficionado, and in retrospect a bit of a sucker, Flickinger for some reason forked out $350 (plus shipping!!) for a beta unit of the VAVE100 in June. Ricavision said on June 4 that the units should arrive at their offices “next week!”
If they did arrive, then Ricavision never let on. Months passed and Flickinger wondered when the darn thing would arrive. His emails and calls went unanswered.

After reaching several disconnected phone numbers at the Ricavision office, and calling unanswered cell phones of every related contact in his database, Flickinger finally reached a human being who was about as happy as Flickinger: not very.

Ricavision had gone underground.
Ricavision was a Media Center darling for a year or so, and many geeks were counting on its VAVE100– seemingly the only SideShow remote in development.

So why do I seem to be the first one to report on the disappearance of the company? Was Flickinger the only would-be beta tester to get burned?
We hear elsewhere that a Microsoft developer recently ordered one of Ricavision’s SideShow development modules. It arrived disheveled and the display was reportedly broken.

Whither SideShow?
What will happen to SideShow now?
After a strong showing at CES 2007, SideShow disappointed at CES 2008.
“Windows SideShow still is alive and kicking,” says Flickinger. “In our opinion, the VAVE100 would have been the device that made Windows SideShow take off. “

He notes that there are now “quite a few” Windows SideShow Gadgets available for accessing applications on a Vista PC. The solutions, he says, are particularly compelling for mobile phone applications.
Still, Flickinger is disheartened by the Ricavision fiasco.

“This whole thing is a shame,” he says.. “It could have been the right product at the right time. The concept of Windows SideShow still is a great idea, especially with the Windows SideShow Gadgets for Windows Media Center.”

Flickinger (available for hire, by the way), offers a word of advice for developers: “From a usability perspective, having both [A/V control and SideShow] in the same remote was confusing. I think a separate Windows SideShow device almost would be more effective.”

Flickinger remains optimistic. Recently, he picked up a cute PicoLCD for Windows SideShow for a paltry $50.

“It’s not nearly as usable as the Ricavision remote and only supports Glance Data (four scrolling lines),” he says, “but it’s a lot less money.”
And, um, at least the company shipped the product.

UPDATE - 10/8
I just heard from another beta tester who did receive the VAVE100 but returned it for “a lot of reasons.” He never got a refund. He has heard similar things from the other would-be beta testers “and they all said the same: no contact what so ever with Ricavision.”
____________________________________________________________

Julie Jacobson, recipient of the 2014 CEA TechHome Leadership Award, is co-founder of EH Publishing, producer of CE Pro, Electronic House, Commercial Integrator, Security Sales and other leading technology publications. She currently spends most of her time writing for CE Pro in the areas of home automation, security, networked A/V and the business of home systems integration. Julie majored in Economics at the University of Michigan, spent a year abroad at Cambridge University, earned an MBA from the University of Texas at Austin, and has never taken a journalism class in her life. She's a washed-up Ultimate Frisbee player currently residing in Carlsbad, Calif. Email Julie at jjacobson@ehpub.com

https://www.cepro.com/article/goodbye_ricavision_media_center_and_sideshow_darling_disappears/

And of course, WE KNOW WHAT WE OWN

Read my posts from last 4 months and you will know it wasn't only possible, but probable.

.0014. Time to load. Don't chase.

Screaming or jumping from the rooftops?

Therapy wouldn't be needed and it wouldn't be so painful if reality and facts had not been ignored since February.

There was nothing the company did or said to create the blind faith and cult like admiration for this stock.

All of the facts led to this point but few paid attention.

Just another fact.

Fill the gap at .0054

Chart oversold? Plenty of room to move? Wow

C'mon, post another chat with ATT. Wasn't the supply of SkiQ's delivered to the ATT warehouse on May 10? Wasn't ATT supposed to start selling SkiQ by 6-18?

Next product, next show, next conference, next chat, next week, next month, next year.

It's always next with SRMX, but next never arrives.

The only next we get is the next drop in price.

RSI = Reverse Split Imminent

No NDA's covering dilution, ticker change, lawsuits, former CEO pleading guilty to securities fraud, sales force being hired, etc.

And while an NDA may prohibit saying who is the partner, many companies announce sales of a product(s) but don't disclose the partner. It's very common for companies to announce their success without revealing who it is with until a later time.

SRMX does not have NDA's covering their ability to communicate ANYTHING to shareholders.

Hi Max, is the sun hot?
Max: I'm sorry, our NDA prohibits me from answering that question.

Give me a break with the NDA talk.

I thought you believed in SRMX??????

The same way you ignore asking the chat reps where they got their information from, right?

I'm all for getting along. The message may be bad but some need to stop blaming the messengers.

Facts are real.

You are losing 2,500 per tick, allegedly, so you might want to hold on to that 10 grand. Once it hits a penny, IF it ever does, I'll be happy to collect from you.

The ATT, Sprint, TMobile reps all lied?

Still waiting for the February update about Peabody having securities fraud charges against him and for the Wailan information.
Where can these be found?

Tic-toc, 3 days left for Updates, plural

In all fairness, this proves your DD needs a lot of help.

We know pps has dropped 72% since 2-27.

And this information can be found where?

Since recent conviction is for a different company, if this Wialan claim is accurate, it means Peabody has at least 2 securities fraud convictions for 2 different companies.

Where was it mentioned in February????

And someone still affiliated with SRMX, the former CEO, who plead guilty to a felony charge of securities fraud absolutely has to do with the company.

Not nice: Felon to watch: Peabody

I think you need to re-read the post.

You are making the same point I did.

Read the post and the chat I included.

I post valid court documents, valid chats with ATT, valid public information about Max Li and Ricavision, valid facts about the pps since March, valid everything. Show me one post where I posted something that is not valid.

Funny that someone who admits to sending pictures of themselves to the convicted former CEO and who claims to always have emails from that same person confirming confidential NDA protected company information, but never posts that information, says anything about the validity of anything on this board.