"Man, these pretzels are making me thirsty."

Years ago I worked on a project for an "organization" that, after just a few hours in their office, I could tell was not entirely (or even slightly) above board. The President of the organization (there's what word again) had a very loyal staff that worked there for many years. Employees were paid extremely well. In return employees were expected to a) do what they were told and b) keep their mouths shut.

Sometime after my gig was over the Feds raided the organization's offices (very nicely furnished place, by the way). The top dogs served prison time while most of the underlings weren't even charged.

Such may be the case with TDEY. After this all unravels, long time employees will be unemployed but will otherwise get off with a slap on the wrist -- I suppose anyone who "knows anything" may be called to testify.

Tenkay, your recent post number ends with "666". Were you trying to send us some sort of trading signal

They have nothing of the sort if you want to put even the slightest amount of credence into that wonky balance sheet that was filed.

It showed some strange entry that likely represents a $ 1 million note from their "buyer." There is NO indication that a dime flowed from buyer to seller.

GEICO owned by Berkshire Hathaway..."A Series" shares trading at almost $ 205,000 per share. Multiply that PPS times TDEY's billions of O/S and...wait...my calculator starting smoking.

Nonsense math. SMH.

I've hired licensed plumbers and licensed electricians for build outs. Lots of plumbing fixtures, electrical outlets, add up quickly. They may even have a nice kitchen with granite counters, stainless steel appliances, etc. They don't seem to sharp on accounting issues so they could have lumped the cost of a 10-year leasehold improvement in with the same figure as a fridge that's going to last half that long.

The amount WOULD be out of line for the construction of a building. We know that ORTC does not own the office space that they LEASE. The wonky financials say specifically that they have a 10 year LEASE. That's one small piece of the financials (and maybe the part where it shows that the Linduffs own ZERO shares of TDEY) that has some credibility.

Yes, same guy.

Will I give up questioning whether ORTC and TDEY are one and the same? Yes, I will. Although on prior Eddie deals there were numerous acquisitions and mergers that seemed to fall apart at every stage of those arrangements.

You should indeed bring that up to anyone who says that ORTC owns the building. They don't.

And none of this appears to have anything to do with TDEY.

Dunno. Relative to the other supposed assets of the firm the value of those items may indeed be significant.

The narrative is indeed difficult to follow.

Ownership of walls and floors is not ownership of a building. You and I understand this. Other either don't or refuse to.

Either way, this is playing out nicely.

a) The build out was EXPENSED (and not capitalized/depreciated as you and I both pointed out. Further evidence that the FINS are a joke.

b) Most commercial leases that I've seen indicate that upon lease termination ownership of the improvements automatically become the property of the building owner. Perhaps ORTC's arrangement is different but if someone can estimate the value of drywall, wiring, flooring, etc. that has been removed so that ORTC can...resell it or use it elsewhere??? then that would be a really interesting number.

c) Alternatively I've seen leases that indicate that upon lease termination the tenant is responsible for restoring the property to its pre-lease condition. That is, the tenant has to spend money to rip out the walls, wiring, etc.

d) It's clear that ORTC is LEASING the office. No quibbling on that because they own the interior walls and floors. I lease in a commercial building and would never claim that I owned my space. I spent thousands on architectural plans and construction for my buildout (which I capitalized and depreciated, BTW since that's what legitimate businesses do).

d) Do we know if any of this has anything to do with TDEY?

Strip center also houses a 24 hour donut shop

This is one of the many mysteries of Kent's involvement with TDEY.

Including:

* With all the shell companies available why choose a mess like TDEY?

* Per KAM's research, why did Kent have a known scam artist on the BOD of ORTC?

* Why would Kent take his multi-million dollar software asset that also generates recurring revenue and donate it to the shareholders of TDEY?

* Why would Kent take his billion shares of TDEY and transfer them back to the company? IIRC the recent disclosure statement showed that Kent and Linda own ZERO shares of TDEY and they are not beneficial owners in any way.

Anyone want to add more?

As you likely know, Tenkay, random word capitalization and frequent word misspellings (even iHub has spell check) are the tell tale signs that Eddie wrote that clause.

Just when you thought you had seen it all...anyone remember Barry? He has a special deal just for you!

50% SHAM + 50% SCAM = MJVC INCORPORATION

Most? Most anyone here who has a clue about accounting, business, finance or common sense laughs at the idea of any buyout.

Nope. That's not how accounting works.

Asked and answered, Snizz. Outside a house for the criminally insane...NO!

I'm putting the billion shares aside. Let's say that Mr. Vision does see a bigger picture.

Does it make sense that the same Mr. Vision would donate $ 2.4 million (plus future residuals) to total strangers?

It doesn't make sense because it isn't true.

SCAM

The $ 100K "Fund" is on the Balance Sheet as a LIABILITY which is a DEBT.

If it's truly a fund that contains MONEY then it would be listed as an ASSET.

It's true that the Balance Sheet makes zero sense. Best to not quote selected pieces of the financials.

One could argue the value of the BILLION shares that Kent decided to forgo. That sounds mighty generous. What it simply AMAZING is that Linduff sat on an asset that was worth north of $ 2 million and, rather than sell it and keep the money, he transferred ownership to TDEY shareholders and only THEN was the product sold. This way, Kent would get nothing and TDEY shareholders could whack up the $ 2.4 million.

You don't see that sort of largess outside of a house for the criminally insane.

If I may offer an amendment: Looks like the financials were put together by a schoolboy who put some numbers on a piece of paper because he wanted to go outside to play.

Or, maybe they were put together by a drunk adult.

Either scenario fits.

Working on a PhD, Milt. That was a forward looking statement

TDEY issued a big PR about the super big time accounting firm that was hired to bring everything in line.

Look for their resignation soon. Can't imagine they want their name sullied by such nonsense.

And, going back to those pesky financials you will note that there is a $ 300K line item for a BUILD OUT. That sort of thing can't be expensed, it has to be capitalized and depreciated.

The permit itself could be under anyone's name and it likely was for exactly that: a build-out not construction of the structure itself.

And I will sell shares short.

Sorry, Carlson

Not to worry: superhero costumes come with boots made of plastic so it was easy to hose the kids down after the visit to Casa Linduff.

And yes, I know that plastic came from China and yes I know it's likely toxic.

As soon as we got home the kids were also sent for decontamination. We put the gravel in the fish tank.

And how ironic that a company named 3D EYE Solutions is attempting to pull the wool over the very eyes of stockholders.

Because the financial statements are so convoluted that they cannot possible be believed.

FUNNYANCIALS...good thing I had a spare keyboard in the office because my original just got covered in coffee.

TDEY/ORTC accountant realizes his poor financial reporting...



And now hard at work correcting same...

Dunno. The sloppiness of the financials is consistent with Eddie but seeing something other than -0- on the Revenue line is counter intuitive.

I'm following the advice of others and loaded up on popcorn and will be watching to see how this plays out.

At the very least I think we may see an updated Balance Sheet that actually balances. It might even move the IT Equipment from the Equity section back to the Assets section. Maybe the revenue will drop to -0- on a revised Income Statement in which case you will have your answer.

The $ 100K set aside for share buyback is listed as a liability...not an asset. That's like the Social Security IOUs that are going to pay you in retirement.

The money ain't there in either instance.

If Pa's quotes are indeed quotes then the person doing the filings doesn't know how to spell the name of either company.

3D Entertsainment ???

Aok River Technology ???

This scam is falling apart quicker than I thought

Nah. I like my money too much to throw it down a rat hole.

We'll look back a year from now and one of us will be laughing.

GLTU.

May I have your permission to put that on a T-Shirt?

Giving you full credit, of course.

Just wow!

Fake it til you make it, TenKay. They haven't a clue so they threw something against the wall so the masses can be amazed.

Some see gold in those financials. I see a freight train that's gonna smash into a mountain.

The financials are a mess.

Items that clearly have to be amortized are expensed.

What is likely some sort of note receivable is listed under checking/savings.

IT equipment is listed under Equity

The financials were prepared by a grade schooler.

So I pick apart the financials showing they are nonsensical and you say that I'm confused.

Wow. Just wow. Confirmation that this is indeed a scam.