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Uma8: Nothing will ever come of e-Smart Technologies or any company associated with Mary Grace. In typical Mary Grace fashion she filed another piece of lies with the US Dist. Court in DC in the SEC suit. She blames everyone but herself for the failure of e-Smart and begs the judge to give her more time to get an attorney to fight the awful people who are hurting the shareholders. The only thing hurting the shareholders is Mary Grace. The only person to ever be in control of e-Smart is Mary Grace. It is Mary Grace, as CEO, who is responsible for accounting for the hundred million dollars raised. It is Mary Grace, as CEO, who is responsible for filing financial statements for e-Smart. It is Mary Grace, as CEO, who is responsible for communicating with e-Smart Shareholders. Has she done any of this in the last five years? No!!!! Now, it is Mary Grace, the CEO of e-Smart, who is marketing e-Smart's technology in her new private company I Am Holdings LLc. How do e-Smart's shareholders feel about that?! And, the fact that the shareholders can't get any relief in the courts because of her continuing extensions is beyond belief! So much for Sarbanes Oxley. So much for shareholders getting any protection from the SEC. It seems to me that it's time to move to a different federal agency, like the IRS, to see if they can find Mary Grace and get some legitimate accounting of the money raised thru e-Smart. And, while the shareholders wonder what happened to their investment in e-Smart where is Mary Grace? At the Cannes Film Festival!
Whoopee you obviously are one of the chickens in the coop cheering for Col. Sanders! Not only are you stupid, you are really just passing misinformation, which leads me to conclude that you ARE Mary Grace or one of her ever dwindling idiot followers. Accordng to my sources, this Kelly O'Meara won the suit against e-Smart and there is no appeal. If anyone is hurting the shareholders it is Mary Grace who has failed to file financial statements for the company since 2007. And, if the company hasn't filed any financial statements with the SEC, one has to wonder if the company has paid any federal taxes on the millions it raised during the last six years?! Maybe the IRS could look into this matter and let the shareholders know where the company stands. It is Mary Grace who has refused to communicate with shareholders about the status of the company since 2007 and it is Mary Grace who now is offering e-Smart's technology thru her new private company, I AM Holdings LLC. Whoopee, your response has all the earmarks of a narcissistic sociopath, but we'll leave the diagnosing for the professionals. It boggles the mind that you feel the need to defend Mary Grace...you are an idiot! Really, Whoopee, is this about Mary Grace having difficulty raising more money? Is that why you feel the need to put out false information? Shame on you.
From to 2001 to what??? Mary Grace handled the money from 2005 till today. Drizin was effectively gone in May 2006. Rather than talk to early shareholders, why not get Mary Grace to submit the financial statements for e-Smart Technologies from 2007 till today? That sounds like a good way to figure out where the money went. This also happens to be the timeframe that the SEC is looking into. Mary Grace has always been in control. Is Mary Grace dictating your responses because they're really that stupid. Better still, why don't you ask Mary Grace to transfer your e-Smart shares into the new I AM Holdings shares? That way you can stop these ridiculous posts. I know this will be tough for you to understand, but Mary Grace has a fiduciary duty to provide e-Smart's shareholders with financial statements...she has refused to do that for five years! Assuming you really are a shareholder, what part of not providing financial statements is okay with you? STUPID, STUPID STUPID!
Whoopee:
Like I said, you obviously are STUPID. Of course there are shareholders..you know those people who bought and paid for the technology that Mary Grace now is selling thru a private company. e-Smart shareholders have worthless stock certificates, but they still can call themselves shareholders and down the road can take those shares that they hold and bring a law suit against Mary Grace for transferring e-Smart's technology to her private company.
And, Mary Grace is well aware of the numerous e-Smart shareholders who alredy have made statements to the SEC regarding her securities fraud case. You know, the securities fraud case where all her attornies have formally filed to withdraw. So typically a Mary Grace move. Mary Grace thinks this will buy her time and never get to court on that one. WRONGO! You might learn something if you ever bothered to read anything that is actually happening with this company.
Never mind. You're too STUPID.
Whoopee:
I love your enthusiasm, but you really gotta understand what's going on. Mary Grace has founded a new company called I AM Holdings, LLC (www.iam-holdings.com) where she is selling e-Smart's technology. e-smart is over. Yeah, you're a shareholder and that and $4 will get you a cup of coffee. Unless the shareholders bring suit against Mary Grace/e-Smart to get the technology taken back from I Am Holdings then your shares are worthless. They're worthless anyway. The company has been delisted. First, one has to find out in which foreign country this new company has been formed. The website says there are offices in Korea, China and HongKong. When was the last time e-Smart/Mary Grace communicated with the shareholders of e-Smart? When she did it was to annouce the 20-1 reverse split, which was right before the stock was delisted. Now we find out that Mary Grace has no lawyer representing e-Smart Shareholder's interests in the SEC suit as they have filed a formal withdrawal from the suit. Why? Did Mary Grace forget to pay them? As the CEO of e-Smart she has a responsibility to e-Smart Shareholders to hire a lawyer to protect the company's interests in that suit. Better still, how bout you show us a Corporate address or telephone number for e-Smart Technologies. If you have so much faith in Mary Grace and e-Smart, why do you think that Mary Grace didn't notify e-Smart shareholders that she is selling the technology thru this new company and let them know that she'll make sure that e-Smart shares are convertible to the new IAM Holdings shares??? Really, you gotta wake up and smell the fraud. Did Mary Grace advise e-Smart shareholders that she was at the Paris Cartes show in November selling the same technology as e-Smart? NO!!! Is it a coincidence that Mary, Tamio, Richard Kim and Marcello Soliven are the principles in the new company? Finally, how bout you provide e-Smart's financial statements for the last 5 years. How can you possibly believe in a company that hasn't filed a financial statment? How can you possibly believe that it is still a going concern? If the company doesn't file financial statements with the SEC, how can it possibly file federal tax returns about monies coming into the company and monies going out? If you know all of the above and still believe in e-Smart, you're STUPID.
Oh, I see and e-Smart (that is Mary Grace) notified the e-Smart investors that she started this new foreign corporation and all e-Smart shares would be converted to IAM Holdings!? Delusional... What happened to Telpac shareholders when it ended and e-Smart began? Are they still waiting for the conversion? Better still, how about any news at all about e-Smart...not happening! When is it EVER okay for a CEO of a public company to just vanish without so much as a adios to the investors who put up the money to create the product the new company now sells?! Varmit, if you have the inside trac, how bout you tell everyone where this new company is incorporated. Show us some financial statements. Show us some communication with the new investors. More than that, show us earnings. Yeah, and also try and get Mary Grace to surface. Of course, she can always be found at some French film festival hoodoo'n it with the Great and not so great. As far as I can tell, from past "corporate" history, I Am Holdings is another e-Smart...Telpac - money in nothing out and lots of people owed for services rendered. Until Mary Grace makes available financial statements for the money raised, and distributed, for e-Smart over the last five years there is no way that anyone should invest in any new venture associated with her.
It appears that Mary Grace is doing what she has historically done - formed a new company - I AM Holdings LLC. It can be found here (www.iam-holdings.com). She and Tamio are selling the technology that e-Smart investors paid for over a 12-year period. The offices of this new company reportedly are in Korea, China and Hong Kong. In the meantime, all of the attorneys representing her, Tamio, e-Smart Technologies, IVI and Intermarket in the SEC suit have made a formal request to withdraw from the case. e-Smart, for all intent and purposes, is gone. No financial statments since 2007, the stock has been delisted and there is no known US corporate office. And, to top it off, judgements have been rendered against e-Smart and nobody gets paid. More importantly, where is Mary Grace???? Anyone investing in I AM Holdings is, well, jumping out of the life boat and getting back on the Titanic. Varmit, if you are sooo sure of e-Smart's success and apparently are somehow receiving information that others aren't aware of, why didn't you alert investors of this newly-formed company, which just happens to be run by the same e-Smart gang? Hell, they didn't even take the time to change the pitch. Take a look. It will nauseat you!
Please.... If Mary Grace really cared about the shareholders she'd file the financials for the last four years! It seems to me that the judge made it clear that MG only cares about MG. The fact that MG has failed to file financial statements for four years should be enough for her to do the right thing and resign and turn the technology over to the shareholders of e-Smart. Given the fact that there has been no information from the Company or MG anything is possible...even that the technology has already been sold. Who knows? That's the problem! How much shareholder money was spent on the California suit, only to be lost because the judge believes SHE took property that didn't belong to her. The shareholders have no idea because MG apparently doesn't believe they are worthy of any information and obviously couldn't care less about corporate regulatory mandates.
Thanks for the complete Posting of California Suit. The SEC complaint raises a lot of unanswered questions. This I think goes way back so would like any of you who were associated with Telpac to provide info about how/if Telpac was folded into e-Smart/IVI/Intermarket Ventures. Big Questions involving these entities. Would be helpful to know the connections. Are any of you old Telpac share holders? Do you know what happened to that company? Were you told that your Telpace losses would be recovered through e-Smart or IVI or Intermarket? How many of you were sold Telpac/IVI/e-Smart/Intermarket through unregistered agents? Come on there are people out there who have info...please share.
Having digested all of the current news about Mary Grace, Tamio Saito, e-Smart, IVI and Intermarket, does anyone out there agree that maybe these people should RESIGN from the company? Afterall, do they care about what these decisions and actions do to the shareholders?
And the hits keep coming! Wow, just found out that the suit filed in 2006 by e-Smart against Drizin and Gardner was dismissed yesterday. The suit was in the US District Court Northern District of California No. C-06-05528. Unbelievable. Why was it dismissed with prejudice (can never bring suit again)? Because Mary Grace and e-Smart were found in Contempt of Court for the theft of Drizin and Gardiner's biometric card during a settlement hearing. Judge Patel provides quotes from Judge Shubb's contempt decision..he found Mary Grace's testimony "amorphous and appeared to develop as she testified." "non-responsive" testimony, "ever-changing story." Shubb's assessment of Mary Grace's character and credibility... "Grace's testimony and demeaner also persuade the court that she has skated through her various ventures as a flim-flam artist who fabricates information in an attempt to extort a profit." "The court was unpersuaded, however, that e-Smart is anything more than a sham company or that Grace's concern for its shareholders extends beyond the financial gain they bring her." So, that suit, finally, is dismissed. How much money was raised for those attorneys over the years, all to end in a contempt hearing decision. Judge Patel lists several reasons for the dimissal...it's well worth reading.
Yes, it's great that the SEC has acted but...has the company posted anything on its website? Is there a working phone number for the company? Is there a US office for the company? Does anyone work for the company in the US? Has the company filed any financials since 2007? Will it? These charges only cover 2005-2007. What happened after that? Who knows? How many shares have been sold since 2007? Is Mary Grace and others still selling shares? Where is Mary Grace? What is happening with the technology? Where is a financial accounting of the money raised? Seems these answers will be a longtime coming and there is nothing in the SEC complaint that stops Mary Grace from continuing "business as usual." Finally, where will the money come from for Mary/e-Smart to fight the SEC charges and a host of other laws suits facing her and the company? This kind of representation isn't cheap or brief. Will each of the individuals and companies have to have their/its own representation? The cost is going to be enormous. Any guesses as to how the money will be raised?
Yes, the SEC finally has acted. The charges are filed in federal court in the US District for the District of Columbia. Quite a read. A very sad day for anyone associated with e-Smart. It is anyone's guess how this all will shake out. But it doesn't bode well for the future of the technology or the Company. And, of course, there is no telephone service at the New York office or press release from the Company. I guess that makes sense. Really, what could anyone say at this point?
It's all about transparency. There is a reason that the Company is not filing the financial statements required by law. What is distressing for the shareholders is that Queen Mary can continue to sell shares and there is no accountability...no knowledge of how many shares are out there. And, this is after the shareholders took a hit with the reverse split. How does a public company file its corporate taxes without financials? Is the company filing state and federal taxes? How much money is being spent on numerous lawsuits and regulatory investigations? Short of contacting the IRS, no one has a clue what is happening. Again, why the SEC allows the company to continue to trade is anyone's guess. One has to wonder that if there is no revenue after all these years, what exactly is the company selling? What is the "asset"? Who would purchase shares now, knowing that there is no financial data not only of the public company, but also the parent company and all affiliates and subsidiaries? The fact is, shares must be sold in order for the company to continue to show up in court (attorney fees) and be represented before the SEC (attorney fees). The Korean office is still viable. Where is the money coming from to pay the staff and keep the lights on? Where is the money coming from that allows Queen Mary to travel the world?
No it did not happen. Judge Patel recused herself because she is handling the e-Smart vs Drizin case. It was rescheduled for April 7th with a new judge. We'll see if Queen Mary shows. She has her hands full with the contempt hearing. Seems to me the Judge is very upset about it. What I don't understand is why the Drizin case is moving forward anyway. With no financial information having been made available to the shareholders for 4 years, it's hard to know if the Company even exists anymore. Additionally, it's hard to know if the company even has an office...no one answers the phone. Furthermore, the SEC investigation is on-going. Who is representing the Company in that suit? This complete blackout of information from management is unbelievable.
Regardless of what the Company might post on its website, until financials have been filed with the SEC, it's all just a big hole in a donut! What happpens in court on the 10th will be very telling. Queen Mary must show for the contempt hearing. If she doesn't show, Drizin may get is motion to dismiss. Then the shareholders may be able to take action against Queen Mary for not protecting the shareholders only investment (the technology). It's been ten years since people began investing in this Company and still it's not being used anywhere. It's been nearly four years since any financials have been filed with the SEC. Who are the idiots giving her money to continue the charade of being a CEO of a public company? Queen Mary spends most of her time out of the country. On whose dime? Certainly can't be from revenue from sales of any technology! Of course, who knows how many shares have traded hands...NO FINANCIALS!!! And, because there are no financial filings nobody knows anything. That's a hell of a way to run a public company. One has to wonder why the regulating body continues to allow the stock to trade.
Answering machines? Can they make it any clearer? It is up to the shareholders to find out what is going on. The Shareholders have to demand that financials be submitted. Write to the SEC, demand that the Company submit financials. The SEC certainly could de-list the Company and at that point the shareholders may have cause to take action against Mary Grace and the board for failing in their fiduciary duty. Also the Shareholders might want to consider writing to the Attorney General and the Secretary of State of Nevada who oversee the corporation. e-Smart Technologies smells like Telpac...it just goes away. Unless, the shareholders of e-Smart take action and demand what they are legally entitled too have - a financial accounting - then Mary Grace will continue to run this corporation like it is her own personal company, which it certainly is not.
Where are the Financials for the last four years?
Where is Mary Grace? Europe, Asia, Bermuda, Seychelles, Lichtenstein, Zurich, Cannes???? How many shares have been sold since the reverse split? What benefit has the Company received. These are questions that should be answered. But this is a CEO who apparently has no fiduciary duty to shareholders. Must be nice. How are shareholders supposed to know the health of the Company when not one officer of the Company provides any information. According to the docket in the Northern California suit (e-Smart vs Drizin et al)Ms. Mary must show up for a Contempt Hearing on March 10th 2011. Maybe someone then can ask the queen why the stock no longer appears to be trading on any of the internet financial sites. Has the Company been sold and the shareholders just don't know it? It's pathetic that these questions must be put on a chat board rather than getting information from the Company.