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I'll tell you how you can make money on SUTI.
a) Get a law degree fast.
b) Take retainer fees from disgruntled shareholders and promise you'll force EV to make everyone whole.
PROFIT!
Link:
https://www.sec.gov/divisions/corpfin/faqs/soxact2002.htm
I'll paste question 13:
Question 13: A CEO resigned after the end of the quarter but before the filing of the upcoming Form 10-Q. The company appointed a new CEO prior to the filing. Who signs the certification?
Answer: The new CEO because he or she is the principal executive officer at the time of the filing.
True. Not a bagholder until they go to sell.
So you believe that Kent just donated his private ORT to TDEY holders and got nothing in return?
Wow!
Employees at ORT must all want Kent as their Secret Santa. He gives away Bentley convertibles!
What a guy!
But Zuckerberg didn't donate his ownership in FB to the public FB did he? He got shares in the public company worth billions.
What did Kent receive by transitioning into a public company?
If I read this correctly he received 1 billion shares in TDEY which he promptly (and generously) agreed to forgo leaving him with compensation of 0.
I'll gladly accept evidence that I've misread this...can you provide?
Exactly right. So let's say Kent owned ORT outright. His $ 2.4 million dollar asset was his and his alone.
After the RM he now has a bunch of TDEY bagholding shmoes who own a piece of what was formerly 100% his.
Maybe Kent will donate his house to TDEY as well so TDEY can collect rent from him and Linda.. That would make just as much sense.
Nope. Not explained at all.
Kent and his private company owned this technology that was worth millions.
Got it.
Kent was to receive 1 billion shares as compensation for turning this asset over to TDEY.
Got it.
Kent says "Forget the 1 billion shares. I have enough money. I'll just give it to TDEY for free."
I don't got that. I don't believe that. Who would believe that? You?
Is it correct that Kent simply donated a $ 2.4 million dollar asset to TDEY (forgoing 1 billion shares) ?
Sounds like a very generous sort. He must hand out $ 20 bills on Halloween. I gotta bring my kids.
Twice.
The CEO AT THE TIME OF THE FILING signs the report regardless of who was the CEO during the period in question.
Question 13: A CEO resigned after the end of the quarter but before the filing of the upcoming Form 10-Q. The company appointed a new CEO prior to the filing. Who signs the certification?
Answer: The new CEO because he or she is the principal executive officer at the time of the filing.
Source:
https://www.sec.gov/divisions/corpfin/faqs/soxact2002.htm
Didn't TDEY recently sell a piece of their business for over $ 2 million? Kent is a generous guy since he decided to donate that asset to TDEY. The Company then turned around and sold it to a 3rd party affiliated with a TDEY Board member.
Isn't that what happened?
Eddie has no choice but to pay full restitution...to...Eddie.
Ben's point is that for every "investor" that rides this from .0001 to .0005 (and making $ if they sell for a profit) there is an equivalent sucker who bought those shares at .0005 and ended up sitting with (or selling) at .0001.
Are there individuals who make bank? Yup.
But the net result is ZERO since the "Company" always ends up back where it started -- worthless or as close to worthless as possible (.0001).
Other than the value of the shell (less the huge liabilities it has accumulated) the "Company" is worthless.
The scam relies on pumpers who can talk this up in order to entice new suckers into the game.
Anyone pointing this out is "stealing food out dere baby's mouf"
But Looter was a known trailer park common criminal while the resume that Eddie posted for Jorge included an undergraduate degree in Economics from Yale and an MBA from the Harvard Business School. Plus Jorge's stint as COO of one of the largest trucking companies in North America and worldwide recognition as a premiere agricultural scientist.
I really should stop drinking so early in the morning.
Same site shows the good Reverend Clark Ortiz as President.
You are much too charitable with that statement.
They aren't naive, they are repeating what they know is a lie.
Are you forgetting about the Baron's venture capital fund and the hedge funds that promised to give SUTI everything it needs?
LOL LOL LOL
So, you'd like them to make up some "news?". They've done it in the past so I'm sure they are capable of doing it again but is that what you are requesting? Eddie aims to please so he may come through for you.
There is no business being conducted here.
If I had a multi-million dollar asset for sale the first thing I would do is take on a bunch of schmoes as partners before closing the deal. Why not take 5% of the proceeds instead of 100%.
Makes no sense. Par for TDEY.
Sex pills are still in R&D. They seem to be working since Eddie can't leave the house until he finalizes the design of some customized undergarments. Those boxers are the next marketing miracle (photos NSFW.)
BTW, if you think EV has f*cked investors before just wait until you see what he does with his enhanced manhood. No 401K or IRA will be safe.
You are not thinking in the correct context. You gonna argue over some meager $ 10 per hour positions? Getting to the moon is complex and expensive.
But the MJVC.ORG site (you know, the one for the Venture Capital Incorporation) is working.
Eddie is having trouble keeping the multitude of scam web site plates spinning.
If they would only hire more people.
What is the value of sharing a link that shows web hits for the DMND web site? That web site is down, by the way.
DMND's own Facebook page says they are NOT Operating a business at this time.
Fairy tales.
I dunno Bill. I see announcements from April of 2014 that Lateeno Foods acquired DMND in April of 2014.
And as for the MJ delivery business, the Diamond Grove Delivery Business FB shows that they are "temporarily closed for relocation" as of March 2014.
Looks like two companies "bought" some percentage of nothing. Go SUTI!
May the better scam company win.
https://www.facebook.com/pages/Diamond-Grove/1473269529562784
Lemme think.
Do I want to be an (unpaid) trustee of an organization or would I like to be one of their biggest vendors?
That's a tough one, KAM.
The street view that I see for the address (3607 SW Corbett Ave
Portland, OR) is from April of 2014. Do you have some sort of daily update to street view? I'd like to see what the building looks like today.
I'd also like to know if the grass needs cutting at my sister's house. Can your street view give me a photo as of yesterday so I can determine if I need to bring my lawnmower? (She away...but you could see that based on the newspapers piled up in the driveway).
I just like the idea of revenues appearing on a balance sheet.
Then again, the magical liability absorbing entity promised by Eddie and Jorge will soon improve the SUTI balance sheet, so posting revenues to the balance sheet...why the h*ll not?
Revenues on a balance sheet, eh? Actually, given that we're talking about SUTI that is entirely possible.
Because the chat boards are known to be frequented by individuals who possess flexible ethics and who will say (or do) anything to make a dollar.
Just a guess:
tl; dr. All you need to know about SUTI.
Lying liars lie.
Easy one...shares of stock! Use the certificates to roll a fatty.
Have you tried emailing prisoner2015-44323@jail.washington.co.ny.us ?
Indeed after I pointed it out Eddie fixed it.
Good to see that Eddie is tending to his little scam flowers with the utmost level of care and fortitude.
Soon his garden will be lush with dollars stolen from all the poor saps who believe his nonsense.
GROW EDDIE GROW!
HA HA! Eddie can't even spell the name of his own scam properly.
MARIJUANA, Eddie. Not Marijauna.
I'm going to nitpick a bit. Fraudulent Conveyance would be when the entity takes its assets and moves them to another entity so that the debt holders are left with nothing.
The SCAM plan here to to just take the DEBTS and move them off the balance sheet to another entity with the assets staying behind to the benefit of the shareholders of SUTI.
The extra funny part is that the PR said that the debt holders are OK with this. Perhaps is the same bunch that is willing to exchange their free trading shares for restricted shares because all will be better off.
SUTI shareholders and debt holders are a charitable bunch, you see.
As Jorge folds his assets into SUTI he should also understand that this is an opportune time for him to toss his liabilities into SUTI as well. All of those liabilities will soon be SPUN OFF into the magical liability absorbing company that has been PRd.
So, max out the VISA/MASTERCARD/AMEX and anything else that suits your fancy. Drop it on SUTI and watch it magically disappear!
Funny you should suggest that Milt. This is pretty much what the CEO of another Eddie scam company supposedly just did.
Guy owned something worth north of $ 2 million. He did a RM or sold his company/technology to Eddie under terms that are undefined/unclear then immediately Eddie sells off a piece of that technology and books $ 2 million in revenue.
It was mighty nice of that guy to share his largess with Eddie and the other stockholders when he could have kept those millions to himself.
I wouldn't follow that example if I were Jorge, but Eddie can be very persuasive.
So, if I owned a product that was worth $ 2 million plus, why would I wait until I had "partners" in the form of every TDEY owning SCHMOE before I would sell it?
Lemme think...I can have $ 2 million all to myself or I can choose to split it with billions of other shareholders so I end up with a tiny fraction of $ 2 million.
Yup makes perfect sense.
Not to mention liability. Do you think that Jorge has the slightest bit of understanding of the financial statements that Scott put together?
At some point Jorge will get some brains and realize that being associated with Eddie has a downside that greatly overshadows any upside.
I disagree. The grey area between Jorge's personal interests and SUTI interests should be made even clearer than they are now. Saying nothing keeps it totally untransparent.
On the CANNA deal, for example, SUTI supposedly purchased an ownership interest in that facility. You can be sure that during the same discussions Jorge happened to mention that he can supply CANNA with his EcoVape product.
Besides, Jorge can't feed his family based on Eddie's promises. It takes Cash. Or, a HEMPSTER digital currency card.
The Hempster Card: don't leave home without it.