Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Odd thing:
My Graffiti Entertainment shares dormant in Etrade under 384286100 actually lists a PPS of 19 cents as "price purchased". Odd indeed, since the Graffiti IPO never really materialized. Maybe it's a typo. I may have to list that among my assets when I apply to the nursing home.
Maybe relevant, if true:
I read somewhere that a Frank N. Kautzmann III passed away last month, May 1, in Ohio. Unsure if this is our guy or not. May God not judge him harshly.
They should have worked out a compromise
deal with Speed Commerce, but SDVI probably got greedy. Both companies had certain talents to bring to the table. It could have been an online gaming powerhouse. Simple strategy: nobody takes a salary, love it or leave. Also, a Letter to Stockholders that they are going private for a minimum of X years. Get a second job to live on in the meantime "beans and rice". Ken is a brilliant guy. He just let vengeance get the better of him.
It is a mystery how Signature Devices
was allowed to live on while Azure Holdings Group (AZRH) with the identical Management, was shut down. IMHO, both had their hands in the botched Graffiti Entertainment IPO.
It is laughable that government regulators would now allow SDVI to move their bad habits into crypto. If that is the case.
IMHO, Signature Devices is blacklisted from crypto.
If only they had not gotten tangled up with Azure Holdings (AZRH). Azure is now defunct but Wow! over a decade of fraud and scandal. Ironically, over time SDVI may have survived that failed GRAFF IPO by taking baby steps, due diligence and diaper discipline. But today, SDVI Management's hands are muddied. How possibly can they rebuild and give us forgotten GRAFF stakeholders a rightful piece of the pie?
Anyone associated with that
Azure Holding Group fiasco has got a lot of explaining to do. We all
need now a fresh honest face; new management, new people.GLTA
Unfinished business with Graffiti.
I found this gem of an update: "Signature Devices, Inc. acquired a majority interest in Graffiti Entertainment, LLC on September 21, 2021. Signature Devices, Inc. completed the acquisition of Graffiti Entertainment, LLC on September 21, 2021."
New regulations regarding crypto may require Signature addressing cheated and disgruntled Graffiti stockholders and identifying a pathway they can be made whole.
My placeholder at Etrade shows 384286100.
I don't think the SEC will allow Signature to upgrade until that Graffiti Entertainment episode is resolved
regardless of years past. No bait and switch this time please.
Interesting: I just uncovered this:
Signature Devices, Inc. acquired a majority interest in Graffiti Entertainment, LLC on September 21, 2021. Signature Devices, Inc. completed the acquisition of Graffiti Entertainment, LLC on September 21, 2021.
I don't know what this means to the holders of Graffiti Entertainment stock, victims of the failed IPO.
I see Azure Holding, ticker AZRH, was shut down
but Signature Devices was spared. However, I don't see SDVI going anywhere until Graffiti Entertainment shareholders are made whole. What really transpired in that failed GRAFF IPO? That Azure Holding Group scam was just another nail in the SDVI coffin. I think the SEC clearly has them on their radar. JMHO
In truth, I don't have actual confirmation.
They informed us that they sometimes do not publicly comment on complaints even after they are addressed. I read between the lines. I tossed that letter from 10 years ago.
There is some question as to if it was even a legal sale.
Azure Holdings had a decade long history of fraudulent activity. Regarding Ken; because one quits does not nullify one's degree of liability. I too hold GRAFF shares at Etrade. Etrade and other respected brokers refused to legitimize that AZRH bait and switch. Anyway, the statute of limitations can't hide fraud. Just wait until either SDVI or AZRH try to uplist to a higher exchange.
I suspect after GRAFF shareholders reported SDVI to
the SEC and a cease and desist notice was issued by SEC. Now nothing happens until GRAFF shareholders are made whole. Any uplisting to a higher exchange by either Assure Holdings or Signature must address this problem. Also any filing that doesn't address this outstanding dilemma is incomplete. Signature Devices holds the ultimate responsibility to make GRAFF shareholders whole or ensure Assure does. Moreover, the value of GRAFF shares relative to SDVI at the time of original conversion must be strictly honored. Ken Hurley tried as hell to sweep things under the rug. It didn't work.
Still curious about those Graffiti Entertainment Shares that
I still hold. I never received any notification of what I really own. Some people say Signature Devices gambled with our Graffiti shares as collateral and lost. Still others say they were sold to Azure Holding Group. My question is then, which Azure Holding Group?
AZRH currently at 0.004 p/s or is it ARHH currently at 0.76 p/s.
Are they both the same company? I'm hoping for shareholders of ARHH that they are not. However, Azure Holding (AZRH) has a 10 history of unethical and criminal SEC violations. In order for Signature Devices to start anew they really have to come clean and publicly admit the mishandling of GRAFF stock.
MAYBE AFTER THAT CIK 384286100 GRAFFITI ENTERTAINMENT FIASCO
SEVERAL YEARS BACK, THE SEC DECIDED ENOUGH IS ENOUGH. IF THAT IS THE CASE, SORRY FOR YOU GUYS LEFT HOLDING SDVI. I MEAN IT. THAT SAID, SPEED COMMERCE IS STARTING TO LOOK MORE ATTRACTIVE THESE DAYS.
If one bought and held same thru May 15,
you were taken care of. At least that's what my 25 HOTH tells me. I sense also that HOTH got the better of us. One giveaway was the drift from 70 AIKI shares to 500 shares. If HOTH uses its new money wisely like paying down debt it will be the wiser. Times like these the term poison pill comes to mind. GLTU
We're not children any more.
The dividend shares of HOTH have been distributed. Our loyalty has been rewarded with one share of HOTH for every 500 shares of AIKI we hold. Now, we must at some point be honest with ourselves. Based on recent filings, etc, how many AIKI shares is HOTH really worth?
To put it another way, in a stock for stock merger, how does it all break down? I'm not insinuating that is the case but you get the idea. GLTA
The SEC just stood by and let things slide.
Graffiti shareholders were quietly tossed aside. Ken promised everyone that they we would eventually be made whole. It never happened. Now again with Signature Devices, it appears as though history repeats itself. GLTY
I feel I'm being played again. The PR reads:
"The Company will update stockholders on the date of distribution as soon as possible. Stockholders should note that the record date for the distribution has not changed and individuals who were stockholders at 5:00 p.m. on April 30, 2020 will still be receiving the distribution. No further action by shareholders is necessary to receive the distribution. We regret the delay and frustration this may cause the Company's stockholders."
Does that mean new investors cannot draw on that 70,000,000 dividend pool as happened the last time; ie THE DATE OF RECORD FOR THIS PARTICULAR BATCH WILL NOT BE EXTENDED. Isn't that how 70 AIKI turned into 500 AIKI in the previous fiasco? Note they did not even reconfirm that
controversial 1-500 ratio.
Who are they kidding? System applications are already in place for digital stock transfer within 24 hours to all online brokers which probably accounts for all our accounts. SOMETHING'S FISHEY HERE. FOOL ME THREE TIMES,. SHAME ON ME.
Exactly! Where is our Graffiti Entertainment stock Ken Hurley?
Did you get some NVIDIA stock from the deal or something? Come back one last time and explain yourself. You really sold us out.
Unlike that other channel,
PLEASE KEEP LANGUAGE CLEAN ON THIS FORUM. Otherwise, it just discourges informative discussion and sometimes even potential investors. GLTA
If HOTH and AIKI were once married and now divorced,
what makes you think they'll get back together again when both have matched up sometimes with multiple partners in the industry? GLTU
That bait and switch thingy grows old after a while.
Probably some investors bulked at the idea of a measly 1 share HOTH per 500 AIKI. AIKI should have stuck with the original 1-70 ratio. It wouldn't surprise me if we're now under the SEC radar for whatever they can find. Go back to the original 1-70 formula Mr. Hayes and everyone will soon forget this ever really happened.
It's a Dividend not Hush Money! Don't get greedy.
Guess I'll be eating crow!
That PR is what you call "an illegal apology". That said, if AIKI goes through the roof after borrowing from Peter to pay Paul I accept the apology. Let's wait and see. GLTA
I thought that albeit the guarded success of Redesivir
in yesterdays news would have today generated a carryover ripple effect across most Covid-19 related stocks. Well, apparently not this one. We should have drifted up a bit. I'm wondering why not? Probably it's that strategically suppressed news and our very talented band of shorters.
Yes, I saw that. I thought to myself, "it's just a typo".
'How stupid wound it be for AIKI to orchestrate such an infantile scam on its own original patrons. We here hunger to survive but not on Blood Money.
Just the facts please:
To my knowledge until I see in actual writing, the Dividend is just that, a Dividend. You still get to keep all your AIKI shares. They're not coming to take your guns away. lol
Second, it would be stupid for AIKI to change the dispersement from 70 to 500 shares per one share of HOTH. That would just set themselves up for an embarrassing class action lawsuit. All those who purchased on the basis of that March 13th PR will be thoroughly pissed. I am confident both Managements of AIKI and HOTH don't need or desire that attention.They're smarter than that.
If you come across any contrary info to these conclusions, please supply reference. GLTU
NEW YORK, March 13, 2020 /PRNewswire/ -- AIkido Pharma Inc. (Nasdaq: AIKI) ("AIkido" or the "Company"), formerly known as Spherix Incorporated, today announced that the record date and distribution date have changed for the previously announced distribution to AIkido stockholders of 70,000 shares of Hoth Therapeutics, Inc. ("Hoth") held by AIkido.
Each AIkido stockholder will be entitled to receive one (1) share of Hoth common stock for every seventy (70) shares of AIkido common stock held as of 5 p.m. Eastern Time on March 16, 2020, the new record date. The distribution date of the dividend distribution is anticipated to occur on or around April 30, 2020; however, this date is subject to change based upon the filing date of a registration statement by Hoth.
Did anyone attend the online HOTH Presentation yesterday?
No PR out yet. What's the latest? TIA
Why do I get the sneaking suspicion
they will extend the Date of Record? Why not? Its worked before? lol
Aside from that teaser 1-70 Hoth dividend,
I'm wondering what an old fashion, stock for stock, merger would actually look like. How many shares of HOTH is actually worth one AIKI? The measly dividend was always just a teaser. Ideally, AIKI should hold onto its cash for the next strategic acquisition. ALTA
Forget the HOTH already, it's just a teaser.
There are many here like myself who are tired of pinball AIKI common. We would appreciate the opportunity to convert our bags of common to AIKI Preferred at a discount; a one time gift to Longs.They could restrict them 6 months I don't really care. That said, I have a suspicion they know what they are doing.
Remember this March 13 PR to Shareholders
Dividend distribution of one HOTH for 70 AIKI share batches, not 500 share batches. "Facts are stubborn things".
NEW YORK, March 13, 2020 /PRNewswire/ -- AIkido Pharma Inc. (Nasdaq: AIKI) ("AIkido" or the "Company"), formerly known as Spherix Incorporated, today announced that the record date and distribution date have changed for the previously announced distribution to AIkido stockholders of 70,000 shares of Hoth Therapeutics, Inc. ("Hoth") held by AIkido.
Each AIkido stockholder will be entitled to receive one (1) share of Hoth common stock for every seventy (70) shares of AIkido common stock held as of 5 p.m. Eastern Time on March 16, 2020, the new record date. The distribution date of the dividend distribution is anticipated to occur on or around April 30, 2020; however, this date is subject to change based upon the filing date of a registration statement by Hoth.
Classic PR misinformation. Just saying.
Ironically, today's PR doesn't actually reaffirm
the HOTH to AIKI ratio for dividend distribution. Hope it's still 1-70 and not some bait and switch. GLTA
Venus and Mars:
Whether one lost money or gained, it's a thing of beauty when you overlap HOTH chart with AIKI chart from yesterday and today.
Is this old news? Don't know if true.
AIkido Pharma Incorporated announced the addition of Andreas Typaldos to the Company's Advisory Board. Mr. Typaldos is a pioneer software and technology entrepreneur, and a private equity investor through a Typaldos Family Office. Currently he is founder and Executive Chairman of technology companies in the general AI and specialized AI-driven FinTech and MarTech space, CLOUD computing and IT Infrastructure Management, and enterprise software. GLTA
Never truly understood that name change from Spherix thingy.
What bride gets her name changed days prior to coming to the altar. Actually, Spherix sounds more like artificial intel than Alkido. Was is it all just vanity? There was nothing wrong with Spherix period, IMHO
The problem is that AIKI Preferred Stock Raincheck.
Management recently offered Common holders the possibility of exchanging 1000 shares for 1 share of AIKI Preferred if one was a shareholder of record on March 30 and still holds that exact share.
Simultaneously, a freebee of one share of HOTH for every 70 AIKI common was dangled. That particular offer has since been extended. However, for many like myself the HOTH freebee was but a shiny object distraction.
The big question; Is the AIKI Preferred Stock Raincheck still in effect? Was that a valid offer to begin with? if I wish to redeem my Common for Preferred how precisely does that process work? Is Management being deliberately evasive? If clarification is not explicitly stated in writing, AIKI share price will continue to suffer. AIKI, please provide a folowup Letter to Stockholders.
Couldn't care less about those HOTH shares dangled.
That's another matter entirely. However, has the Preferred Stock Raincheck been extended past March 30: It is unclear. Someone show me filing in writing. Something tells me that's why we are actually in the fifties. Simply put, $5.00 divided by 1000. Hate to be the one to spill the beans. GLTA
Preferred Stock Raincheck:
Assuming the AIKI Common Dividend has not been extended past March 30 and I see no company posting that it has, that Preferred Stock Raincheck is officially over. Any info to the contrary is probably Insider Information.
According to 8-K, dated March 23:
Effective March 23, 2020, the Board of Directors (the “Board”) of AIkido Pharma Inc., a Delaware corporation (the “Company”), declared a dividend of one right (a “Right”) for each of the Company’s issued and outstanding shares of common stock, $0.0001 par value per share (“Common Stock”). The dividend will be paid to the stockholders of record at the close of business on March 30, 2020 (the “Record Date”). Each Right entitles the registered holder, subject to the terms of the Rights Agreement (as defined below), to purchase from the Company one one-thousandth of a share of the Company’s Series L preferred stock (the “Preferred Stock”) at a price of $5.00 (the “Exercise Price”), subject to certain adjustments. The description and terms of the Rights are set forth in the Rights Agreement, dated as of March 23, 2020 (the “Rights Agreement”), by and between the Company and VStock Transfer, LLC, as rights agent (the “Rights Agent”).
Question: Was yesterday, March 30, the cutoff? Or was that Preferred thingy extended? I'd like to purchase some Preferred at some future date.