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I can't hold that against him. He knows this is now nothing but a hair ball shell that would he would be lucky to sell for $50k. However, it is very telling that he completely fails to mention what he has done for the past what, 4 years now?
A real stand up guy.
Docket Text: Minute Entry for proceedings held before Magistrate Judge Donna M. Ryu: Status Hearing as to Sholeh A. Hamedani, Nasser V. Hamedani held on 8/25/2010. Trial Setting Hearing as to Sholeh A. Hamedani, Nasser V. Hamedani held on 8/25/2010.
Jury Trial set for 10/17/2011 at 08:30 AM before Hon. Claudia Wilken. Pretrial Conference set for 9/7/2011 at 02:30 PM before Hon. Claudia Wilken. Status Hearing set for 4/4/2011 at 10:00 AM before General Duty Magistrate Judge. (Recording #FTR 8/25/10 10:43-10:57.) (kc, COURT STAFF) (Filed on 8/25/2010)
ok so you are the friend of PEter PErez, right? is he livig under a rock these days?
i'm told you were a good friend of Peter perez. what ever happened to him?
I thought about saying something about it then I read it a couple of times. Really, what a bloated piece of nothing. Are we now going to announce every time we speak to someone in a company? Arnold was talking with Comcast and ATT and pushed the big partner strategy four of five years ago when the Hams were pushing CD delivery!! Then, of course, the SEC letter arrived.
All we have a real shot at is a content deal. If Symantec says this is better than what they already are capable of producing I will seek your pardon. As well, do you think the Confidentiality Agreement is in Symantec's favor or the company's? As my husband likes to say, fuhgedaboutit.
you are a romantic, aren't you?
Never did intend to have a shareholder mtg. Just part of the pump and dump routine.
sayonara
So we sue Lewis? Obviously he is broke. Sue the board? Maybe one of them has some money.
And the thought of selling this as a shell, this market has created tons of shells that are infinitely cleaner than this one. As a shell it would take years to clean up and get sold.
At this point this only appeals to those that like to see the carnage after a wreck, truly no other reason to write on a blog. But I love a Shakesperian trajedy. I will save the money I might have spent on the shareholder mtg and fly to San Fran for the Ham sentencing.
the company is broke, no money for even a press release to formally cancel the shareholder mtg. if i were lewis i would just publish an open letter on the co website. a teleconference would quickly dissolve into something totally unproductive, a vent rage if you will.
i thought those were the accountants they hired for a quarter or two
The chicago people need to speak up. They apparently have a hand picked guy on the board as, at least once upon a time, they owned the largest block of stock. My guess is the guy is in way over his head but common sense should tell him the board is culpable, not just Lewis. If I were him I would resign before leaving the country. Then again maybe he has resigned and we have not been told.
Read the entire blog
http://www.complaintsboard.com/complaints/waters-edge-advisors-inc-c205742.html
The whole thing just smacks of Lewis' bad judgement. How pathetic. No wonder he has filed bankruptcy twice.
surely you jest. i was being most facetious. i don't believe there will be any sort of shareholder mtg
Shareholder meeting a week from today
I have reservations in Sacramento. I will sell them to anybody for $3.00
I respect everyone's opinion here but since I made the negative comment about Kwizenski I will speak up once more. He supposedly represents the largest block of shareholders, right? I'm told those are largely out of Chicago. I am also told he has felt a lot of pressure from that group. Then again I look at his resume and I see ZERO experience at any board level or in any publicly traded company. In a word the man was in way over his head from the start and probably has little sense of the laws surrounding insider trading. My bet is he rubber stamped whatever Lewis told him then leaked the info to his group. They then sold.
I'll be joining the class action suit, assuming all board members are included. Probably a waste of time and $$ but this gang should not be allowed to behave as they have.
late in the game when they were trying to raise money I called their shill to ask about buying into the raise. I believe the price was at a nickel at the time. I was told it was fully subscribed. That would have meant $500k less fees. Where did it go? Or was I told that just to get excited and buy more shares?
I am now confident that the announcement of the board mtg was simply another cog in the pump and dump machine. Desperate people do desperate things. Lewis is bankrupt personally and professionally--not a good background for quality decision making.
I love the notion that Kwiecinki or whatever represents the largest block of shareholders. They must be as happy with him as were the Blagoyavich voters. Pardon my spelling
tick tock
Seriously we need a lottery for picking the date that the shareholder meeting is canceled. I am betting June 11.
am i right that Lewis has filed bankruptcy twice in the past ten years?? What a ship of tools.
Hamedani's postponed until July 15
So this is how the criminal justice system works. If all the discovery is done then how long does it take to remove the "complexity" so the judge could hang them?
4:09-cr-00504-CW USA v. Hamedani et al
Date filed: 05/12/2009
Date of last filing: 05/14/2010
Deadlines/Hearings
Doc.
No. Deadline/Hearing Event
Filed Due/Set Satisfied Terminated
37 Status Conference
dft: Nasser V. Hamedani 03/17/2010 05/26/2010
at 10:00 AM
https://ecf.cand.uscourts.gov/cand/index.html
you will have to join Pacer to see the docs. That is free but oh my the cost per page is a whopping $.08!!
most recent filing
STIPULATED:
DATED:5/13/10 /s/
JOHN PAUL REICHMUTH
Attorney for SHOLEH A. HAMEDANI
DATED: 5/13/10 /s/
RANDY SUE POLLOCK
Attorney for NASSER V. HAMEDANI
DATED:5/13/10 /s/
TIMOTHY J. LUCEY
Assistant United States Attorney
I hereby attest that I have on file all holograph signatures for any signatures indicated by a "conformed" signature (/S/)
within this e-filed document. /S/ JOHN PAUL REICHMUTH
ORDER
Based on the stipulation of the parties and good cause appearing therefore, it is hereby
ORDERED that the release conditions in this case be MODIFIED to include Stanislaus County
as among the counties to, and within which, the defendants may travel.
CITC mgmt could simply come out and say "we do not know who is selling" but we do not believe it is anyone close to the new management team. They are not required to do so but they could. The fact that they have not tells me someone reasonably close to Lewis is in the spiral game.
the Hams? I see they are due in court again this week. I would say they have sold to pay legal bills but they are using the tax payer dollars for the defense. Fed public defender.
Can you say pump and dump? If it was anything other than that the company should and would comment, even if it were not required to do so.
35 days to the shareholder meeting. Yippee I can hardly wait.
Then again, I believe it gets cancelled on June 7.
What is more likely, the Dow at 1400 by June 25 or the TCI shareholder meeting coming to order?
can someone tell me how to find citc on edgar?
and i have never owned two dog net shares
i am only interested in the Intellectual Property. Is CITC in a license agreement with TCI Holdings? If TCI Holdings owns the guts of it and CITC only has a license agreement then the potential screw factor seems large to me.
Question that someone asked earlier and I need clarification---
who actually owns the IP? IS CITC in a license agreement with a sister company that could ultimately be spun off. There was a press release back in January but I could not find the answer to my q there. Do the shareholders own the IP or does a small group of others own it?
My husband said that one of us could make more money by setting up a pool and then picking the date that the next release says the shareholder meeting has been "delayed"
He added that I should add "gfl"
False start would be the understatement of all time with this gang.
As I recall the original announcement re the shareholder meeting gave Lewis some wiggle room by using the word "proposed" in the headline. Why would you do that?
yes there is one other way, the announcement of new management.
Question--my husband wants to know what is the over/under on the date we hear that the shareholder meeting has been postponed?
a little bird told me the money raise was done. now if that is true that would be a good PR
Can you send me a link to that disclaimer? Thank you very much
That begs another question. Where in the world did he get the $5000? No one has seen a balance sheet in a year or so but the last one suggested they had zero cash. Did they take out a loan (talk about unlikely), sell stock (where is that news?) Lewis filed for BK about a year ago, right?
If you have followed Lewis at all you know he favors these kinds of rags. Remember he gave 500,000 shares to some Florida pump house just to send out a bunch of emails---and I think that was something like 2 years ago!!
Then again, I like his doggedness.
yes it is still valid. But to get it to stick on the walls you have to use a lot of paste.