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I think I'm almost ready to 'bring the heat'.
Just waiting on the previously announced September 30th, 2011 GoCom 'distribution', the 'imminent' release of the audited financials, any new developments in the pending lawsuits, and maybe we'll have a listen to the Oct. 2nd 'monthly' shareholders conference call.
Good luck Ike. Got any ideas? 'cause unless you can pull a cute and cuddly shareholder-friendly rabbit out of your a$$, the party's just about over.
Unfortunately, I would expect that the hangover will long remain for your 'investors'...my only hope is that you'll 'bleed' from the same broken bottles that 'bled' those that drank from them.
Oil.
Bingo.
That does seem to be the new strategy. Unfortunately for Ike, he has left far too many crumbs behind to hide now.
And it appears that some of his 'insiders' have (finally) become wise to his 'practises' and motives and are distancing themselves from him (good thinking, he doesn't give a rats a$$ about you either and there's no point in going down with him, especially given the difference in 'compensation').
I expect this will all unfold over the next short while...there's a reason he's 'quiet', and it ain't because he's withholding 'good' news.
I detest what this man is all about. White-collar crime is no less violent to the victims than being mugged on the street.
Oil.
My false statement, hah. Unfortunately the only false statements that matter resonate from the company and its founder...and as plenty have already been delivered, I would expect plenty more. (Please don't ask for examples, his list of false statements over the years is as long as my arm and I don't have that kinda time today).
Look jim....I've got nothing against y'all. You're just trying to make an honest buck. Sutton, on the other hand, isn't. And therein lies the problem.
For what it's worth, it turns out the only false statements I've made on Ihub were ones in SUPPORT and DEFENCE of Sutton and that 'other' company prior to the TRUTH becoming painfully obvious and negating the things I had said.
Oil.
There are 756 'followers' over at Sutton's 'other' company's board. Look how well that turned out..but I'm sure everything will be OK here.
Oil.
Time will tell. You'd like to think they're putting the capital raises to good use. I'm of the opinion Sutton figures the best use is to repay his 'loans'...and he can't do that fully (i.e. over time) without the appearance of 'growing' the company.
And if you think the CEO doesn't answer to Sutton, well...????
Oil.
Fair enough...I've invested in plenty of 'start-ups', they failed, I moved on. No big deal.
But being the CEO of a penny-stock, start-up or not, doesn't give you license to run the enterprise primarily as a stock selling vehicle and line your own pockets at investors expense by providing false and misleading information.
And if you think that Sutton is doing anything BUT, here or there, now or then, is to turn a blind eye to his history.
Seriously...good luck with your trading, no point in pretending there's any 'investing' going on.
Oil.
Yes, I have entered into a LOI with myself and my intent is to do what I can to make sure Sutton is held accountable and stopped from continuing to use investors' capital as his own personal bank machine...regardless of how many companies he creates or controls. His long-term pattern of deception, countless statements that were relied upon by investors that proved to be false, and his overall neglect of duties surrounding his fiduciary responsibility to ALL shareholders, speaks for itself.
(It should be noted that I have almost never NOT followed thru with an LOI with myself, New Year's resolutions excluded).
I have received some pretty solid advice on how to go about this, and will release the hounds 'soon' (sorta like the audited financials being released 'soon').
I'll tell you one thing...if he was playing in my backyard, like he seems to be playing in some of yours, there would undoubtedly be a 'confrontation'. C'mon out west Ike...we'd love to see ya!
Oil.
You can bet that Sutton and/or GOIG is still 'associated', in some way, shape, or form, with the notorious MoneyMoo Group.
Oil.
Sutton's a magician. And as with most 'illusions', it's not what you see, it's what you DON'T see.
Oil.
The 'concept' was text-to-connect. What was 'relatively immaterial' was the 'patent pending' idea of a database of 1000's of 'registered' keywords.
Infringing on the previously patented text-to-connect 'concept' is VERY material to Intregen's lawsuit.
Oil.
When you don't have a leg to stand on...
Fair would be having a CEO file a patent application for a previously unknown and unique idea...then having it denied.
Fraud would be knowing there already exists a patent for your service, but because "patent pending" will sell a lot more stock, you go ahead and file a patent application on something relatively immaterial to the concept, don't disclose exactly what that is to your shareholders, and move a pile of paper based on the false impression that you have a pending patent on the entire service.
Oil.
Hunt around, you'll find it.
As for tomorrow's alleged conference call, I would expect it to contain a liberal dose of BS, peppered with the usual amount of blue sky's tomorrow, finished with a serving of thank you's for your support, coupled with a best interest of shareholders on the side.
Or maybe it'll just be another (Mr.) F U.
Not sure I'll be able to (or have the stomach to) tune in. Hope someone records and/or transcribes it.
Oil.
Initially, I was of the opinion that Brendan was truly a shareholder advocate. But I don't think he fully understood what he had gotten himself into...and things certainly changed over time. For a good while, I appreciated what he was trying to do...and I really don't think he had as much 'upside', or took as much of a salary, as people might think. He became Ike's dupe...once it was crystal clear what the guy he worked for was all about, and yet he continued to do his bidding, whatever level of respect I might have had for Brendan went right out the window. That said, and because he didn't grossly enrich himself at investors' expense, I bear no ill will and wish him well as he leaves hell. Teaching is undoubtedly a much 'nobler' occupation.
Wonder if Ike made him sign a confidentiality/non-disclosure agreement? He might know a thing or two.
Oil.
Does it really matter what Ike says anymore?
90% of what he has spewed over the years has proven to be false or misleading...only designed to instill 'hope' so that he can stay 'alive' to play another day.
This is a 'game' to him...and he's winning.
It's BS on an epic scale, he's mastered it, and it sells a lot of copies.
Tell me another story Ike. Could you make this one 'non-fiction'?
Oil.
I wonder how Sutton will answer this question...
"Do you Isaac H. Sutton solemny swear to tell the truth, the whole truth, and nothing but the truth? So help you God".
It might be easy to lie to and mislead shareholders, repeatedly, in the (sub) penny markets...it's pretty 'informal' down here.
Won't be as easy under 'formal' proceedings.
Oil.
Correction, upon further review, that last call I got from Ike wasn't from the office...probably from the car phone in the ride shareholders bought.
Dialing for dollars.
Oil.
Priceless!
Well I of course thought better than to place much stock in what he was saying and chose to ignore his 'suggestion'...that said, I'm not sure it's much of a revelation that there always seems to be a marked increase in trading volume in Sutton related stocks immediately prior to publicly released PR's.
Oil.
Whoops, my bad. Looks like Ike called me from the office last month, didn't think to check.
Oh well.
Oil.
Under 'normal' circumstances, I'd be inclined to suggest that just calling the office would be appropriate.
However, given that they don't even have the courtesy to let people know why they had suggested that certain info. would be released/discussed, it didn't happen (again), and not a word is said. And given that 'they' thought it appropriate to publicly release my personal contact info. so that people could get ahold of ME when I voiced my concerns respecting GOIG as well as Ike's 'other company', maybe these #'s will help in the quest for answers (although I personally won't be calling).
Ike Sutton last called me from this # a little over a month ago when he wanted to know what I was doing publicly questioning their actions: 646-545-6870...might be his cell or maybe he's got a personal voicemail.
GOIG's IR, Brendan Magone, last called me from this #, a couple/three months back, to suggest maybe it would be a good time to buy more GOIG shares as a 'short squeeze' might be afoot on account of the GoCom merger and the need to deliver for the GoCom shares...307-399-2507.
Good luck, glad to help out.
Oil.
That's exactly what I said...there generally is a standard boiler-plate going concern in them.
But his are different in that they usually ALWAYS go on to suggest that cash flow positive status is imminent (and yet has never occurred).
And no, this isn't the first SEC filing I have ever read. In fact, in addition to hundreds of other company filings that I have read over the years, I have also read dozens of Sutton company filings (and that's my point).
Oil.
Going Concern Note
Not unlike most early stage companies, Sutton controlled public companies always have a Going Concern note.
In general, they all typically say something along these lines (per SAVW's latest 10Q).
"Since its inception, the Company has generated minimal revenues and has minimal cash resources...these circumstances raise substantial doubt about the Company's ability to continue as a going concern. The financial statements do not include any adjustments that might result from the outcome of this uncertainty. Management's efforts have been directed towards the development and implementation of a plan to generate sufficient revenues to cover all of its present and future costs and expenses."
Pretty standard stuff really, and not necessarily cause for alarm...but there's always a significant difference that should be of concern:
In virtually all the financials ever produced by Sutton controlled public companies, you get a future "positive cash flow" prognosis (that shareholders/investors cling to) but that has NEVER, EVER occurred as "expected".
Just take a look at the published financials of any Sutton controlled company over the years...here's a sample for you. (Bear in mind that Sutton has never, ever, even for just a brief period of time, generated even modest revenue...never mind sufficient revenue to produce "cash flow positive" status in any company employing his endless array of business plan implementations).
"The Company is in the process of implementing its business plan and expects to generate sufficient revenues by the third quarter of 2006 to be positive cash flow."
"The Company is in the process of implementing its business plan and expects to generate sufficient revenue by the second quarter of 2008 to be positive cash flow."
"The Company is in the process of raising and capital and or debit, implementing its business plan and expects to generate sufficient revenue by the fourth quarter of 2009 to be positive cash flow."
"The Company is in the process of raising and capital and or debit, implementing its business plan and expects to generate sufficient revenue by the second quarter of 2010 to be positive cash flow."
"The Company is in the process of raising and capital and or debit, implementing its business plan and expects to generate sufficient revenue by the third quarter of 2010 to be positive cash flow."
"The Company is in the process of raising capital by implementing its business plan in Led lighting and expects to generate sufficient revenue by the fourth quarter of 2010 with a positive cash flow."
"The Company is in the process of raising and capital and or debit, implementing its business plan and expects to generate sufficient revenue by the second quarter of 2011 to be positive cash flow."
"The Company is in the process of raising capital by implementing its business plan in Led lighting and expects to generate sufficient revenue by the fourth quarter of 2011 with a positive cash flow."
Maybe this time will be different.
Oil.
Is this where we're at?
GOIG shareholders are to wait for some sort of shareholder's conference call on the 25th for further information as to what the company's go-forward plans are?
I guess there's always some mystery in what might happen in the future.
Unfortunately, there's only misery in what has happened in the past.
In simple terms (so as not to overwhelm anyone that might be taking a look at his dealings), this is how Sutton got here:
1. Sutton acquires control of a company, StarInvest Group Inc.
2. A variety of PR's announce LOI's, MOU's, licensing agreements, projections of significant revenues/sales, imminent release of audited financials, prospective uplisting and the like.
3. Nothing of significance ever comes from any of the above.
4. Merges company with NEW company, GOIP Global Inc.
5. A variety of PR's announce LOI's, MOU's, licensing agreements, projections of significant revenues/sales, imminent release of audited financials, prospective uplisting and the like.
6. Nothing of significance ever comes from any of the above.
7. Sutton attempts to licence a text-to-talk technology patent from Chris Lang (Intregen) and fails.
8. Sutton creates Go800 based on the Lang/Intregen patent, files his own patent pertaining to database-contact?, and announces the release of the Go800, patent-pending, service.
9. Hires MoneyMoo Group to handle IR, pays for a # of stock-promotion campaigns, and the selling of GOIG stock begins in earnest.
10. Stock is pumped to an all-time high prior to the official launch of the flagship, patent-pending, Go800 service.
11. A variety of PR's announce LOI's, MOU's, licensing agreements, projections of significant revenues/sales, imminent release of audited financials, prospective uplisting and the like.
12. Nothing of significance ever comes from any of the above.
13. Stock sales continue unabated.
14. GOIG buys a piece of GoBox (via Add-On Exchange).
15. Intregen sues for patent-infringement.
16. Merger of Go800 and GoBox, Sutton creates NEW company GoCom, spins it off from GOIG.
17. Intregen amends lawsuit to include GoCom.
18. GOIG shareholders see primary assets stripped out, are told they'll receive proportionate shares in GoCom (625:1), dividend record date is past-dated, GoCom will not be tradeable until at least 2012 (if ever), GOIG's audited financials STILL to be released, and the company's (GOIG) go-forward plans will be revealed to all in a conference call.
Helluva stock to own...a current investment in ????, with a "take my word for it" ownership stake in something with familiar assets that shareholders may, someday, be able to trade/sell.
And he still claims that he has the best interest of shareholders at heart.
Ike Sutton is in the business of selling stock (to the tune of many millions), cashing his executive cheques, repatriating his 'loans' (with sizable yields), and enriching his 'associates'...everything else is peripheral BS in order to allow him to do so.
I'll not be expecting news that will amount to anything on the 25th. I've yet to be surprised positively.
There will be a reckoning.
Oil.
Of course not.
And I highly doubt a bunch of folks were calling anybody and spewing "false information about a company" these dignitaries were "planning to support".
I have previously confirmed that I personally sent a well-written, business-like email to the offices of those they had 'expected' or announced would be attending and advising them to research SAVW, Ike Sutton, and Sutton's other/past penny-stock company(s) and activities (if they hadn't already done so) prior to showing up to the big event. I also provided a few links to financials, announcements, and various PR's over the years. Two parties replied, thanking me for the note and advising they intended to gather more information, Sutley's office wasn't one of them...nor did I phone anyone or pursue anything further.
This occurred well in advance of the event (approx. two weeks), with plenty of time for them to confirm or refute anything therein contained and make an appropriate decision on their attendance. Perhaps they were concerned, as I was, that their attendance had less to do about promoting green lighting and jobs, and more to do with promoting the sale of hundreds of millions of shares in yet another Sutton led penny-stock company.
This notion that there was a whole whack of people screaming at dignitaries or suppliers/partners is ludicrous. Or that their non-attendance at the event on account of it is the reason that SAVW's PPS has fallen.
It seems to me that the company had hoped that a 'gala event' would somehow mask, or at least soften the blow, of the coincidental release of the 8-K...immediately followed by an A/S increase announcement.
There's but one person to blame here (and it ain't me).
Not to worry...there's still plenty to pump here so I'd expect that the PPS will bounce up (if only for a brief moment in time). The question is will the wise be buyers or sellers when/if that rally comes.
Oil.
Oil's not gone anywhere. Nor can he be bought off, or scared off.
Let's just say I've been on hiatus. A much needed break from all the BS as it were.
I'll be back. And I'll have plenty to say.
'till then.
Oil.
Thanks, but no apology necessary as far as myself is concerned.
And I am not even remotely pleased that I may have been right about this here Sutton endeavor.
Too many wounded, some fatally.
Tragic and sad.
I only hope there's accountability.
Oil.
Sad to see what happened here. You deserved better.
Sutton et al have repeatedly said that they don't cater to flippers, day-traders and the like. That their only concern is to long term shareholders and supporters of the company. In reality, it appears that the complete opposite is true.
Flippers and traders can do VERY well with Sutton-backed 'enterprises'. Long holders and 'supporters' are nothing more than a necessary means to an unfortunate end.
Oil.
Very hard to watch trains wreck on the same tracks...tracks that should have been shut down long ago.
It's a sad day.
Oil.
It is unlikely that Mr. Sutton will be selling any of his personally held (or beneficially held) shares anytime soon.
That's not really the way he rolls.
Good luck here...and with law school.
Oil.
Mods...please either remove my last post, #141002, or allow me to clarify as the post that was referenced by way of link is in error. The Series A Preferred Shares owned by Ike Sutton via Sutton Global Assoc. convert to 10 commons, NOT 500 (they are entitled to 500 votes per, not as a conversion rate to commons).
Thank you,
Oil.
Come on yoyo...give him a chance.
He told me he has the best interests of shareholders in mind, GOIG's and now the lightbulb guys. And of course he appreciates the 'continued suppport'...'cause he's a 'giver' too. Case in point, he took a good chunk of his hard-earned salary here at GOIG and 'lent' it to his 'other' company. Just look at how well he's done with it...
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=65083547
...all for the shareholders mind you (don't let any of them know though...because its only for their own good and they'd not understand).
Oil.
I held off posting 'til end of day in order to be non disruptive during trading hours. I bear no grudges against those holding/trading SAVW (that aren't affiliated with the company), and sincerely hope you all make some loot here.
That said, please consider that a good many of your 'favorite' posters may in fact be endeavoring to push this stock higher in ADVANCE of Thursday's event because they intend on selling into it, not after it.
They may hold some past the festivities, but, for the most part, savvy traders know very well that you buy the rumor, sell the news almost ALWAYS. In actual fact, despite what they might have suggested here, that is what several of them (who made out large) did on Sutton's vilified 'other' play. They sold the bulk prior to 'launch', holding only a few through launch 'just in case'.
I realize no one here wants my advice, nor did anyone ask for it. I'm just suggesting that less initiated investors, thinking it might be a good idea to 'load the boat' before the big event, at least consider being careful you're not buying your shares from the exact same people that are exclaiming it's 'going to the moon' after Thursday on account of all the 'announcements' that are 'expected'.
It may very well be advisable to keep a few shekels tucked away to buy next week (and the week following) if you're desirous of adding or going long SAVW. You'll almost assuredly not 'have to chase', but rather you'll likely find excellent opportunities to buy at very good prices as 'the big boys' exiting completes (only to return to flip again).
Oil.
SAVW will trade stronger next week than it did last week or it will in the weeks following.
Of course that's just my opinion...and I have some sort of hidden agenda (or maybe it's not so hidden).
Good luck, make some money.
Oil.
Well that about sums it up right there. I'll give them credit, it was rather brilliant really.
Had folks, including the 'sales ambassadors', known that the pending patent was NOT for text-to-call, the whole 'ruse' would never have even gotten off the ground.
The only two questions that Sutton would flat-out NEVER answer; What does the patent protect, and who is, or how many, paying customers? (but we wouldn't want potential competition to know what and how we're doing, right?...you understand).
The 'illusion' that there was a genuine effort to make something of it, was reasonably well executed. In real terms, it should have been fairly obvious that 'marketing' the product 'to become a household name' was NOT on the agenda of the self-proclaimed master of marketing, Ike Sutton.
Unlike most I suppose, I was never under the impression that 'registered' working keywords were 'paying' working keywords...but that was where it started for a lot of people.
I was under the impression that there was some take-up in the use of Go800, sufficient for the company to be 'cash-flow positive' a mere 90 days after 'launch' (which would, of course, buy some time for the company to grow over time and not at the expense of shareholders). Why did I have that impression?...because Ike Sutton told us so.
And that's really the crux of it all. Sutton said all the right (wrong) things, and was smart enough to be accessible enough to appear to be 'transparent'.
Believe it or not, I'm not easily fooled, nor am I afraid to ask the right questions of the people at the top and/or investigate the veracity of what I've been told.
And Sutton gave us what we wanted (at least initially). I/we asked for him to 'communicate' with shareholders so we'd know what was going on at any given time. He wrote long-winded letters from the CEO, he hired an I-hubber, Brendan Magone, to speak directly with us (who I still believe did NOT know what this, or Sutton, was all about initially...but most assuredly must know now and he has chosen to stay married to him anyway, and that makes him complicit...all for a lousy paycheck).
We also got the 'weekly audio updates' to really keep us informed (of all the BS that sounded so very good, but NEVER materialized).
We asked for 'audited financials', perhaps 'uplisting'...we were told it was around the corner.
We asked if there were any large, and significant, companies interested in the product (that might nationally advertise), 'cause all we needed was just that one big contract, that one big company, to get the ball rolling...we were told that several Fortune 1000 companies were 'testing' for multiple keywords.
We asked for a national marketing campaign to be initiated by the company...we got, well, the Thrifty Nickel. BUT, when we groused that that was not exactly what we had in mind, we were told that there was 'a plan' to make Go800 a 'household name', and then we got the Wall Street Journal ads (but not to market Go800, just the ticker-symbol concept for a bunch of other Money-Moo companies).
We asked him to dump Money-Moo...and he did (maybe, kinda, sorta).
We asked WTF? with this light-bulb company when you're supposed to be focussed on making Go800 'a household name'...we were told he was an excellent multi-tasker who just works so damn hard and, if we're smart, it's yet another 'opportunity' for us to invest in a Sutton-led 'start-up' that was 'a market leader' and was going to cause 'a seismic ripple' in its industry earning untold millions (if it just gets that first BIG contract) and make its shareholders very, very rich.
We asked him to 'clear the air' with all that had happened, clean-slate time, show the bad audited-financials, apologize for the mis-steps, re-focus and move on...yep, sure, the audited financials were any day now, he answered all the questions in his own 'unique' way (see Q&A from yours truly that was filed), we had a new 'professional' marketing firm on board, we were to be the 'World's Social Operator' because 'Phone #'s Are Dead'...wow, and we have a patent-pending on this keyword text-to-call idea of yours...yep, it's really just a matter of time.
We asked 'how can we help?'...we were told Twitter and Facebook and 'family and friends', and we 'supported'...like good little shareholders.
Oh, and by the way, we're going to 'merge' with this 'cloud' storage company led by the brilliant Mensa-man, John Rafuse...and everyone will rejoice!! New stock in a new entity!! Proportionately, and additionally, to what you already have now!! And the combination of "GO" products, Go800 and GoBox, will add up like 1+1=3, or more!!
And Ike Sutton, the Master of Deception, will walk away to do it all over again.
Well played, Mr. Sutton, well played.
Oil.
I was pretty clear in my last post on here that I'd only be around if folks wanted to start it up again.
I'll let this one slide, and avoid anything particularly negative, but let me say this;
1. I don't have a 'gang', it's me and me alone,
2. I'm not out to 'f everything up' for you all (hence my offer to stay away),
3. I only want everyone that might ever come to be associated with this company/stock to do so with their eyes wide open, and, again,
4. STFU and I will too.
Respectfully,
Oil.
I'll let this one go...because you might be right, therapy could be in order :)
Best to you as well.
Oil.
You clearly haven't been listening to what the company has had to say.
Oil.