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If SPECIAL is anything like DELUXE then shareholders should look forward to getting lettuce, tomato and fries that that web site.
Any agreement that I've seen needs to have both parties sign both copies. But IANAL.
Two things about the settlement agreement:
(1) The document posted shows a signature by Kent, but the area where Eddie is supposed to sign is not signed. An agreement between two parties would require a signature of the two parties. Why hasn't Eddie signed?
(2) Why would an agreement regarding TDEY indicate that Eddie should promulgate a statement on IHUB for AURI?
So, is the arrangement that Oak River is reliant upon services to be provided by Kent's ENDCO?
If so, perhaps Kent would want to disclose that piece of information. Seems like a clear area where there is the potential for a conflict of interest.
Spin? In the absence of concrete information it is left up to observers to fill in the blanks. Some fill in the blanks with best case scenarios. Others are less sanguine.
Kent's motivations are mysterious. I'm sure it's to "make a lot of money" but the script that has been put forth that Kent has donated his money making assets to TDEY shareholders asking nothing in return is, well, difficult to digest if that is indeed his intent.
I suggested that Kent is actually selling his platform services and "leasing" his people to TDEY. An open house attendee seems to confirm this and ask "Of course that's what Kent is doing. What's wrong with that?"
I'm someone who finds it suspicious that one person can negotiate deals with himself, being both the vendor and the customer simultaneously.
That's not a spin. Those are some of the (few) facts that we know.
Not amazing at all. Sounds like you are confirming what I suspected all along.
The financials continue to be a mystery.
The $ 182,570 "Intangible Assets" is unexplained. Is this the value of the software platform that will be generating millions of revenue each quarter? A $ 19 debt to an officer is listed so it's not like they aren't picking nits in some areas.
And in 9 months there were no salaries and wages on the Income Statement. There is a "management fee."
IMO this points toward there being a customer/vendor relationship between TDEY and whoever is really doing the "work" for these insurance companies.
Leasing of the software and employees from another entity to TDEY would fit but one would think that sort of thing would be disclosed. After all, those sorts of agreements can make or break a company.
Per this:
http://www.otcmarkets.com/financialReportViewer?symbol=TDEY&id=146314
The Lucent and AFLAC contracts say Oak River Technology LLC while the American Fidelity contract just says Oak River Technology.
Ahhh...but after all of the talk about a merger of ORT LLC and TDEY it was revealed by someone who attended the open house that this was never the intent. The LLC was always going to stay 100% owned by Kent and the other ORT was being merged/absorbed/renamed.
Reminds me of the Newhart show and the two brothers named Darryl.
Kent is understandably having trouble keeping track of the numerous entities that have similar names.
We know there is an Oak River Technology, LLC of Nevada. That's the entity that apparently has ownership of the proprietary software platform. It's also presumably the entity that employs the nice people that we saw in the open house photos. It may be the entity that holds the illustrious contracts that are being put on display. Pretty sure that Kent (and Linda) own this 100% and KL is CEO.
There is also an Oak River Technology, Inc. of Wyoming. We are being led to believe that this is the new iteration of TDEY. To the naked eye this Inc. has pretty much nothing except some undisclosed agreement with the LLC to supply technology and people under contract. Looks like Kent and Linda own 0 shares of this public company that trades under symbol TDEY. CEO is unnamed.
When Kent throws out the name Oak River Technology in PRs it's anyone's guess as to which entity he refers to. Not specifying LLC or Inc gives him the freedom to decide at a later date which he meant. If he signed a PR as CEO it would make sense that he meant LLC because he likely is CEO of that entity.
Kent is nothing if not a master of the details
And of course there is: "due our proprietary" and "Industries" when it should be "Industry's."
Grammar school children could point out these errors. Maybe Kent and his team were so busy stealing the lunch money from classmates that they never learned basic rules of the English language.
Maybe there is yet another super-secret entity that IS registered to do business in Texas.
I noted a while ago that if you look at the deed (available on-line) for the Kent/Linda personal residence it is held in the name of a trust. Likely this is to shield it from creditors.
BTW, Kent reportedly responded to a board poster's email indicating that he was in MASSIVE MEETINGS.
Where have we heard that before?
LOOTER!
Looter in Vegas for meetings talking about hedge fund investments.
Looter in Oregon for meetings about grower relationships.
We now know that Lootie was in his trailer the entire time hiding from the authorities.
This reminds me of Eddie's other ticker. Remember when Looter said that his attorney assured him that people hinting at Lootie's criminality went "over the line?"
Too funny.
The SCAM that was accidentally revealed is that Kent never had any intention of merging his LLC into TDEY. He holds the real assets of his company there.
So while we were trying to figure out why anyone with half a brain would take their assets and transfer them into another entity for nary a penny there was no reason to fret because that's not what he intended to do and that's not what he did.
He took a DIFFERENT Oak River Technology (an Inc.) that has NO assets and merged THAT into TDEY.
Angelic called it 3 ORT Monte and that's exactly what it turns out to be.
Now, Kent is probably lining himself up to be a VENDOR to ORT Inc. He owns the software and he employs the people so Kent can take 99% (or maybe even 101%) of every dollar that comes into TDEY. Without his software and his people TDEY has a bunch of second hand furniture and nothing else.
By timing his invoices to TDEY Kent can even allow TDEY to show big profits when he chooses to. But then he collects his "royalties" and his "management fees" and the TDEY bank account is drained.
All the while Kent can dilute TDEY and bring in new suckers.
Eddie said you need the special glasses to view the TDEY commercial properly. Anyone who didn't have the glasses saw a Budweiser commercial complete with Clydesdales and Dalmatian.
Honest.
The funny thing is that Eddie had people here arguing with each other over who was going to get X number of dividend shares in TDEY or PRPM while the entire time EV had his hand in shareholders' pockets. And, of course, no (worthless) dividend.
The same stunt it being used at TD&Y now. Everyone is talking about the minutia while was revealed (probably by mistake) by one of the "insiders" that there really is nothing to that company but a bunch of nonsense paperwork. The real "assets" are held by the old company and he holds onto them with a tight grip.
Just as those here eventually accepted that they have been taken to the cleaners the same will hit those at TD&Y.
It's just fascinating how the same game gets played repeatedly and some are just too dumb (or greedy) to realize it.
Oh, I see where the confusion lies.
You bought a ticket to Disney World, Inc. That's unfortunate. There are no rides or attractions at Disney World, Inc. Sorry, no refunds.
Now if you have purchased a ticket to Disney World, LLC you and the family would be having all sort of fun as we speak.
Kent pulled a fast one on TDEY shareholders. He owns everything of value in his Nevada LLC and has no intention of merging that into ORT Inc.
This didn't pass the smell test. Now we know why.
Sure looks that way.
Verified scam. The "merger" included nothing but nonsense.
I think Space is also telling us that Kent can take his software a) remove it from ORTC at any time and b) license or sell it to anyone he chooses.
That could leave ORTC stuckholders owning a bunch of second hand furniture (nice dining/conference table) and a $ 5 duck toy.
You are assuming that the ORTC office has electricity.
Given Kent's inability to follow the rules he prolly had a buddy tap into the taco place's circuit breaker box so ORTC can have free juice!
Kent has the Cheyenne office transcribe all incoming mail and transmitted to his telex machine.
Exactly what Al Capone said about taxes!
What puzzles me is why someone who thinks this thing is going to explode would fail to move their bid up when their .0003 order isn't filled.
If it's going to a dollar why not pay .0004?
That will also justify the auto and travel/meal expenses.
The software was sold to his buddy. You don't need paperwork or business registration when you exchange things with friends.
If I trade you my old lawnmower in exchange for a case of Pabst is that a business transaction? No, it's a deal between BRAHs.
Nothing more.
Oh, and I'm still waiting on that case of Pabst. And I told you that lawnmower had a bad blade before we made the deal.
Actually Kent may not be stuck.
As I pointed out (based on some information provided by an Open House attendee) the true value of ORT (assuming there is such a thing) is the software/IP that is the basis of the enrollment/billing system and the people who know how to run it.
If Kent was smart enough to retain all of these assets separate from whatever he may (or may not) have merged into TDEY then he can just take the software and his people, form a new Company and leave TDEY shareholders with nothing but some flea market furniture.
If we are to believe the latest version of the financials, ORT doesn't even have any employees: only "management fees" appear on the Income Statement. So consider that Kent has his own Company (registered properly in Texas) that owns the software and employs all those nice people we saw in the Open House photos (not the duck).
Kent can go to his pals at AFLAC, Lucent, etc. and ask them to engage his new entity. Nothing in those old contracts even hints at any sort of exclusivity.
Maybe I'm giving Kent-o too much credit. But if he indeed knew of Messrs. Vakser and Petty then he might have taken some precautions.
I suspect that paying back fees is the least of Kent's worries at the moment.
The wheels are coming off the bus.
Maybe the Company started out as Oak River Bar-B-Que and Catering (clearly authorized to do business in Texas based on your DD) but the name change to Oak River Technology LLC (or Inc.) hasn't been done yet because of an "upload" problem.
Did you ever think of that?
KAM revealed that one of the original Directors of ORT is a guy named William Petty.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=117920797
Mr. Petty could be the connection between Kent and Eddie
The "Kent had the goods on Eddie and then extorted the ticker from him in return for agreeing not to go to the Feds" is much more..script-worthy.
And Kent uses that to his advantage! As you said the imaginations of shareholders can be much more powerful than the truth.
The name change was from TDEY Inc to ORT Inc. The old Nevada ORT LLC name hasn't changed.
Presumably the merger is now between ORT LLC and ORT INC.
That paperwork might be a might bit confusing for Kent.
Alleged / Purported / Claimed / So-Called / Declared / Stated / Professed
All words that should be in the TDEY shareholder vocabulary.
The "fund" was bizarrely listed as a liability, not an asset.
So effectively, removal of this "fund" is a plus for the Company!
You should look at the updated Q3 financials. The bizarre "buyback fund" that was shown as a liability on version 1 of the Balance Sheet is no longer there as of version 2.
The fund/liability may appear on version 3 of the Balance Sheet. Some of us are waiting to see what those filings show.
Stranger things have happened!
Yes...no speculation in that!