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I agree, I have moved on and sold my entire position about 4 months ago before this whole fiasco. I held since 2007, now I will just keep writing off losses over the next several years.
Wish I would have sold when this thing was flirting with .009 and made 10-15k, oh well.
That doesn't mean that ALL are crooks. So please stop demonizing people that are successful and wealthy and did so in a legitimate manner. Making a blanket statement like that shows complete ignorance.
Also, if you want to start demonizing wealth, take a look at the number of billionaires who are Communists or Socialists like in South America, Russia, China and other countries the confiscate private enterprise, companies and land and oppress their people.
There is plenty of blame to go around.
3mil I have available for .0001, please someone take them off my hands.
100 Million and the stock doesn't move, DILUTION all the way!
Mart's last words to me, hope this is really the case, but based on what is going on it's hard to believe -
MartvanderVelde Member Level
Friday, October 05, 2012 12:01:46 PM
Thanks for these nice words. Personally I don't fear the SEC and I don't fear Jesus Christ regarding my work for SDVI. No reason for that at all. I'm just doing my utmost best to keep the company alive, even using my own money to pay invoices etc. etc.
One day you will see,
Bless that day.
Have a nice weekend,
Mart
Ken and Mart here is some food for thought, you may escape the eye of the SEC or others around here, but try and rest well knowing one day you will stand before Jesus Christ to give an account for every single thought, word and deed!
Hebrews 9:27 -
"Just as man is destined to die once, and after that to face judgment"
Ecclesiastes 12:14 -
For God will bring every deed into judgment, including every hidden thing, whether it is good or evil.
As for me and my faith, I will rest well knowing that any evil you have perpetrated will ALL one day come to a head.
I don't believe Ken Hurley is involved with anything technical with Graffiti or SDVI any longer, interesting LinkedIn profile below, and who knows I could be completely wrong -
Freelance Technical Guru
Self
April 2012 – Present (7 months)
Working on some fascinating technical projects.
Chairman of the Board
Graffiti Entertainment
Privately Held; 1-10 employees; Computer Games industry
March 2006 – April 2012 (6 years 2 months)
CEO
Signature Devices, Inc.
Privately Held; 11-50 employees; Computer Games industry
March 2003 – October 2010 (7 years 8 months)
SLAP THAT ASK!!!! .0002s are up again! LOL, where are the 0005s?
All the old news and announcements that were brought up, how pathetic! Artificially making the board chatter level go up in order to get more board marks and to get noticed = sad.
There has been no NEWS from either SDVI or GRAF for how long???
Well, I guess to those who were about to buy a few 10Mil lots and flip them at .0002 and .0003 you made your money, but it did nothing to the VALIDITY of the company and the stock.
But hey, that is how the markets work sometimes.
Company throwing another 400Million shares out on the market for a lousy $120,000. As always, more DILUTION going on...someone has to soak up those other 400,000,000 shares.
The current authorized shares amount is 2,495,000,000.
Common Outstanding Shares as of Jan. 27, 2012 was:
1,923,024,472
NOW -
Common Outstanding Shares – 2,338,024,472
As always, more DILUTION going on.
The current authorized shares amount is 2,495,000,000.
Common Outstanding Shares as of Jan. 27, 2012 was:
1,923,024,472
NOW -
Common Outstanding Shares – 2,338,024,472
As always, more DILUTION going on.
Still curious what the end game is for the people that converted all their SDVI stock to GRAF stock. A complete disservice to those people right now who have NOTHING.
GLTA! I hope you guys manage to drive this stock up so I can cash out my remaining several million shares that are practically worthless right now.
ZipCash, it's been like this forever. GLTY!
Do you due diligence! .0003s may be up, but then it will drop back down to reality because there is no news and financials to support the artificial price.
Nobody is asking the real questions...
Perhaps, if they release news and financials to support.
JUNK!!!!!!!!!!!!!
Wouldn't any course of action as some have stated about Pump and Dump hurt Mart and Ken's position since they would be majority shareholders? What I am driving at is they still have a majority position of shares and to drive it down to nothing would only hurt their positions that much more.
If I was in their position I would just look at taking the company private to wipe out public investment especially at these prices instead of worrying about SEC investigations and the like.
Just thought I would ask with all this talk about their integrity coming into question on the forum.
I don't like the current state of the state right now either, and I am especially unhappy about people that converted their common shares only to get a bunch of "phantom shares" in another company.
Thoughts???
Why are the newer PR(s) (like from June) not being posted at the top of the discussion anymore? I see them above that, but why aren't they being highlighted as a fixed post at the top? Is anyone managing things anymore?
This is why I don't check in here more than once every few months.
So much pathetic discussion going on.
Sorry my friend, but the STOP sign is still there on the right hand side.
Haven't been on here in a while, but still holding long and I am positive about the recent news that was released and how Ken's position has changed and how Mart and others are now handling the business operations side of the house.
Facts are stubborn things as John Adams once said; and the fact was this - the company was in dire need of additional help with the day to day business operations. The company lacked focus because one man was trying to do everything and was quite simply overwhelmed, it was too much for one person.
Looking forward to upcoming news, GLTA!
Yes, I do. Average down...in all honesty (and in time) it will go back up again. There is huge potential to buy in now at .0005 and easily double your money on decent news.
I am kinda on this train of thought also, look at the current price and volume that has transpired over the last 1-2 weeks, we have had more volume at these low prices over the last 2 weeks than we have over the last 1-2 months.
No sense in selling now, if I take a loss I am taking it big.
IMO, keep averaging down. That is my plan...
I hear ya, I get just as impatient with things as the next person does so you are not alone. I have alot more to lose if I dump now at present prices then to just ride it out. If I am going to take a loss then I just assume wait until the last possible minute before taking that bath under the current circumstances/price.
Q: What do you read into the Audit delays, which presumably are the reason for a lack of information on any buyout/merger/tender offer with GRAFF?
A: I am not sure what to read into the Audit delays, my personal feeling would be that RJ mucked up the waters and Ken is cleaning up the mess and getting everything back in order.
Q: I believe you mentioned running a company in the distant past; what could reasonably account for these delays in your opinion?
A: I have never run a company nor mentioned anything about having personally been involved in running one...must be someone else. The delays as I stated above are probably IMO due to RJ and the comments I made above.
I think there are remnants from prior RJ and company and I think some of these delays are due to getting out from underneath everything. Nobody but Ken knows how much the waters were muddied up...I prefer to give Ken the benefit of the doubt since I have a vested interest and I would personally like to see him succeed and us investors and others that are close to him that have had more skin in the game and have had skin in it for ALOT longer than many of us succeed.
I can afford to be patient for another 12-18 months, and the older I get the more patient I have become and understand that good things generally come to those who are patient and are willing to not knee jerk over every little thing.
Taking the company private would require the shareholders to approve the proposed buyout. I don't see that happening at all at the current price and it's a worse case scenario at best.
You would see a R/S of the shares first IMO along with a drop of the GRAF shares and I am still not sure how shareholders will be reimbursed for the conversion gone awry if that were to happen.
It's all speculation at this point, I don't believe there has been a definitive signal telling shareholders to exit, that would come from a PR outlining a proposed buyout/tender offer along with reconciliation of the converted shares to GRAF.
It's a NO-WIN situation right now for Ken, he is damned if he does and damned if he doesn't post anything. What do any of you possibly expect when you go on a tirade with some of these posts? Belaboring and regurgitating the same comments won't change a thing.
He's not obligated to say anything.
Also, as far as the earlier comments of getting rid of "OLD" shareholders and getting new blood into the ranks to move the stock along...there are MANY a friend and family member that have a big vested interest in Ken and the company. For Ken to fail it would be beyond a normal business failure...it would be a personal failure the would have far reaching consequences to people that are very close (relational wise) and have helped him along all these years.
I am not counting him out yet. I have just resorted to checking in 1-2 times a month if that, just to keep my sanity from reading many a derogatory remarks.
If Ken decides to take the company back to private, he's gonna have to pay a pretty price for my shares and probably everyone's shares, period. Of course he could be really EVIL and just REVERSE split them at 1:1000 or higher, WAIT, and then just make an offer to buy them back.
http://www.ehow.com/about_6452716_happens-public-company-goes-private_.html
Procedure
When a publicly traded company agrees to go private, it usually sells shares to an investment group or to another privately held company. Sometimes, the management of the public company itself decides to take the company private by buying all outstanding shares. Most public-to-private conversions are amicable, but sometimes an investment group will make a hostile bid that is not supported by the board of directors. In either case, a company must obtain shareholder approval before it goes private.
Announcement
Upon announcement of a company going private, its publicly traded stock shares often jump in value. A group wishing to take control of a company generally has to offer a premium over the current stock price to convince shareholders and management to agree to the transaction.
Shares usually end up trading slightly below the official offer price of the buyout, as there is always a risk that the deal does not go through. If that happens, the share price usually tumbles back down to where the stock previously traded.
Tender
When a company offers to buy another company, the price at which the deal is announced is known as the tender price. After the board of directors and shareholders agree to the deal, investors tender their shares to an agent of the purchasing company in exchange for the agreed-upon cash amount. Upon receipt of the shares, investors receive a check for the amount of the tender offer.
This procedure is streamlined for investors who work with a financial-services firm instead of keeping their own stock certificates in a safe-deposit box, as the firm can handle all of the paperwork on the client's behalf.
Delisting
After the tender period has elapsed, the stock exchanges will delist the stock, meaning they will stop trading shares of the stock. Although the shares are not technically worthless at this point, because they have no public market, there is no public place to receive any value for them.
Remaining Shares
For investors who neglect, forget, or otherwise do not take advantage of the tender offer, there is some recourse after the shares have been delisted. Each firm has a transfer agent who handles administrative proceedings of the company, such as issuing, canceling, and processing stock certificates. As long as an investor can provide an authentic, numbered stock certificate to the transfer agent, the certificate might be redeemed. However, if the terms of the tender offer explicitly bar shareholders who do not submit their shares on time, the shares will effectively be rendered worthless.
Graffiti could remain private, but I am not sure how this could be done after merging publicly owned shares from SDVI. I thought taking a company from public to private REQUIRES the company to purchase back ALL outstanding shares at xxx cents/dollars?
Can someone please enlighten us on how a publicly traded company could go private without buying up all the oustanding shares currently owned?
SDVI
Because they use PENSON FINANCIAL SERVICES for their clearing house and PENSON has decided to put them on their DTC ineligibility list.
The issue(s) are the following:
1. You can trade with other brokerage houses because they do not use Penson for their clearing house.
2. I use Fidelity now and they have their own clearing house because of their size.
+1, I think RJ was not exactly on the "UP and UP". Bunch of nonsense that NEVER materialized. I will trust Ken over RJ any day of the week especially when RJ starts coming on here and bashing said CEO, funny how he just popped up after all that nonsense and had to throw his .02c into the mix.
Anyone who does that in my book is less than genuine. There, I have said my peace also.
All IMO.
SDVI
Not only that the DTC eligibility needs to be resolved...there is going to be little to no volume until that issue is resolved.
+1, it certainly did! :)
SDVI
The bigger question is just "whom" dumped them at .0010? Bad...bad decision...
SDVI
Wish I could have scooped up 2mil between .0010-.0015...but oh well I'll take them at the .0017 price. I cannot believe people were dumping at those prices with the product channel we have, not a wise move. This will go up eventually.
SDVI
As an IT guy and avid gamer, I would agree with that. There is some but it's not pervasive like it is with many of the multiplayer games.
I would assume those employee shares would be PREFERRED?
SDVI