Just opened my monthly report from my broker, ready to weep (not just about this one) and found PDOS listed as "BANKRUPT". Put a call in and waiting back to find out what that means. Anybody else here heard anything about that? It's been a long time since I've been on this board and I might have missed something.

Every so often I will pop by here, hoping to see some sort of positive information, but I know that is a vain hope. Mr. Rosenberg has swindled us all and is sitting somewhere laughing at us and enjoying the money he siphoned from the company and from each and every stockholder. And there isn't so much as a response that has come from all my pleas to the SEC. Disgusting.

This is almost laughable if it wasn't so insulting. He's upset the share price is down and only wants us to buy in blocks of 5 million or more? THAT is his message to the stockholders? A message sent through a third party he had lunch with? No PR addressing the adults who have invested their hard earned money in HIM and his company. No public statement addressing the allegations of fraud and embezzlement brought against him by his own president.

WHERE IS THE SEC? How can this man still be out there, spending OUR money so freely with NO consequences? Disgusting.

Mr. Beall was fired from the company. It would appear he was fired for calling out the CEO, Mr. Rosenberg, for fraud and embezzlement. Please see:
http://www.deadline.com/2013/01/platinum-studios-controversy-ceo-allegations/

I believe what you are referring to is a tweet by the former president, Mr. Beall, about news coming soon. He is "former" because he was fired for trying to remove the CEO for embezzling money.

I'm amazed about how much false information is flowing here today.

The company hasn't filed any of their required paperwork since 2011, so nobody knows WHO is selling. This is a company that is non-compliant, has not updated their website since 2011, and in the midst of a very public struggle between the President and CEO with the President accusing the CEO of embezzling and calling for the Board to force his resignation.

These are all facts. Not speculation, verifiable facts. Facts that seem to be missing, besides their legally required quarterly and year-end filings, include any sort of tangible business since Cowboys and Aliens came out. There have been NO significant business releases in nearly two years.

http://www.deadline.com/2013/01/platinum-studios-controversy-ceo-allegations/
http://comicsbeat.com/the-utterly-insane-world-of-platinum-studios/
http://www.bleedingcool.com/forums/comic-book-forum/66254-what-if-platinum-studios-had-investment-call-no-one-came.html

Read the comments on all of these. They're a pretty good indication of how both the comic and film industry view this company of ours.

Indeed, we have no idea what has occurred since September of 2011 and today, as we have seen no public filings at all. In September of 2011, though, they clearly state that there are warrants, options and convertible notes issued as follows: (all figures taken from the last 10-Q)

September 30, 2011
Warrants: 1,005,426,136
Options: 24,585,000
Convertible Notes: 877,975,080

Totalling: 1,897,666,216

Many of these warrants and options are affected by the following:
"The dilutive issuances provisions of the warrants and convertible notes were triggered during the second quarter of 2011 due to issuances of common stock pursuant to the Dutchess Opportunity Fund Agreement. As of June 30, 2011, the revised pricing on the warrants and conversions was set at $0.0121. The revised pricing was reduced further during the third quarter of 2011 due to conversions of debt by holders of convertible notes. As of September 30, 2011, the revised pricing on the warrants and conversion is now set at $0.0044 for the warrants that were issued originally and as part of the first debt modification."

I can only assume that the prices on these were adjusted down even more for today's prices, as things were significantly higher in September of 2011.

There is also the Dutchess of it all, please let's not forget that. Again, according to the last 10-Q, the company had already exchanged stock for over $1 MILLION with the Dutchess Opporutnity deal and had authorized another $4 Million exchange at below market rate, whatever that was at the time of exchange:
"Pursuant to the agreement, the Company sold 40,972,474 shares of the Company’s common stock during the first nine months of 2011 to Dutchess Opportunity Fund for $1,019,232, resulting in net proceeds to the Company of $1,009,232 after costs."
And:
"Subject to the terms and conditions of such investment agreement, we have the right to put up to $5,000,000 in shares of our common stock to Dutchess."

My point is that we honestly have no idea how many shares are out there until they bring their filings up to date. It could be 500 Million shares or it could be well over 2 Billion. We know that, as of their last filing, they had the capacity to issue a lot more, but in the intervening year and a half, have no idea what happened. Speculation either way is just speculation.

We have no idea what is really going on until their filings are brought current. An investor call is a step in the right direction, but it is far from official paperwork submitted to the SEC.

Thanks for pushing for this and thank you to Mr. Beall for finally listening to the investors. It looks like they finally received my questions and will be addressing them, even the matter of where their offices are currently located. I have also submitted the following questions to them:

When will we be seeing the 2011 or 2012 year end reports?

When I bought stock in this company, they were touting their 5000 titles, is the library owned by the company still that big? What is the status of the various sub-libraries located within that?

When will the company continue its publishing efforts?

Thanks again for arranging this, folks.

I remain skeptical about this, but it is certainly a step in the right direction to even respond to an investor. As to subjects to discuss, the below questions were submitted in January of 2012, almost a year ago to the day, and were not addressed on the last conference call. I have emailed them to Mr. Rosenberg in the past and received no response. I would like to update them, as they reflect questions from the last publicly filing, dating to Oct. of 2011, but there have been no subsequent filings. So these questions stem from my examination of their last public filing. I have put parenthesis with new material.

"These were the questions I emailed in:

1 - RIP Media has received over $558,113 of payments from the company listed as "participation fees". A quick google of RIP Media shows Scott Mitchell Rosenberg as the President and sole officer. Can you explain to us, the stockholders, these payments? Or the additional $347,500 currently carried on the books owed to RIP Media?
(posters in the forum have list RIP Media as "Rosenberg Intellectual Property Media" and have claimed that assets have been transferred to that company, but these are unsubstantiated rumors.)

2 - Assignment & Collateral Holdings, LLC or ACH Holdings seems to be the majority stockholder these days, considering 1,005,426,136 warrants, previously given to Mr. Rosenberg as part of an extension of certain notes, seems to have been transferred to ACH. According to the last quarterly report, Mr. Rosenberg no longer has any financial interest in ACH. Strange, that, given that their Nevada Corp address is 2533 N. Carson Street in Carson City, NV. Mr. Ruteledge, PDOS' new president, has his offices at 318 N. Carson Street in Carson City, NV. Strange coincidence that the offices of an unrelated party would be blocks down the street from our new President. Can you please explain the relationship between Mr. Rosenberg, Mr. Ruteledge, and ACH?

3 - The transfer of those warrants from Mr. Rosenberg to ACH has made it so that Mr. Rosenberg no longer controls 30% or more of PDOS. According to our last quarterly, this means that PDOS no longer has an exclusive option over the Awesome Comics library, a large portion of the Platinum Library. Does this mean the upcoming Youngblood, part of the Awesome library, movie will no longer be a Platinum production? DID Platinum just lose a large chunk of it's library thanks to a little creative shuffling by the President and CEO?

All of these can be verified with a little googling and looking at the latest filings. None of these were addressed on the call, nor did I receive a private response, both of which I would have accepted as addressing shareholder questions.

Instead, and please anyone clarify this if I am misunderstanding it (I really hope I am), the call reported that they are creating ANOTHER corporate entity, transferring the IP to that company and then selling stock in THAT company in order to raise more funds? Please, someone, anyone, correct my understanding of that. My money would now seem to be sitting in a shell with millions of dollars in debt and nothing else."

So I was recently in the neighborhood where Platinum's offices are. I had some time to kill, so I thought I would stop by and ask some questions, see the place I had invested in. I thought I would get to speak to a receptionist or an assistant, maybe if I was lucky an IR person. 2029 Westgate Ave., the address listed on the website, is not the current address of Platinum Studios. The receptionist I DID speak to said he thought the previous company was evicted for non-payment and that the current occupants had been there for months. That is a completely unsubstantiated statement from someone not even remotely connected to the company, so I take it as a complete rumor. What I can corroborate from personal experience is that the address currently listed on the website is completely wrong and has been for some time. That certainly adds credence to previous rumors posted here that the company is now operating out of Mr. Rosenberg's residence. If they have simply changed offices, why not update the address on the website. Certainly an interesting mystery.

I'm sorry, ROFL, I have to take issue with some of the facts you have presented here. I'll preface this with saying I am not a basher. I am a stockholder that REALLY wants this stock to rise in price. I bought into this company because I believed and still believe that it has enormous potential, it is only the management and their continued lack of communication and refusal to answer the hard questions that I have issue with. But I'll get to that in a moment.

On a point by point analysis:
- Stock near its 52 week low
-The stock traded from .01-.07 in anticipation of Cowboys and Aliens movie starring James Bond (Sky Fall) lead actor Daniel Craig
Yes, indeed it is at a low and it did indeed trade at that range prior to the movie being released. It has since plummeted and the company has not filed a year end report for 2011 or a quarterly report for anytime in 2012. We have had no financial reporting of any sort for nearly a year and a half. I have a hard time believing we will see a significant upsurge until that is corrected. I will fully concede that this point is my opinion and I could be wrong.
- Cowboys and Aliens 2 production slated for 2013
Please point me to an official press release from Universal or Dreamworks, the companies that currently own the Cowboys and Aliens brand, that states this. I honestly, truly would be ecstatic to see such a thing, but to date the closest I have seen is a blog by someone looking at how the franchise could still be worth something or a musician claiming he is scoring something he calls an "animated graphic novel".
-Development of "Atlantis Rising" project with Mark Canton is moving steadily
Again, please point me to an official press release stating what progress is being made. Mr. Canton (a member of the Board of Directors of this company) being attached is not a studio being attached or a writer or a director. THOSE I would count as moving steadily.
-Solid Website with pending movie projects and Comics
Their website disappeared for several months. Recently, an older version has reappeared with outdated information that was last updated in August of 2011. Their twitter feed has not been touched in nearly 4 months, either, with the last post saying there was great stuff in the works. I'll get to their address in another post in a moment.
-PDOS is the owner of drunkducks.com which they recently purchased.
This is completely wrong. Drunk Duck was purchased by the company in 2006 and sold to former president Brian Altounian in 2010. Those facts are on the Platinum Wikipedia page.

ROFL, I really hope you're right. I hope the company hits .02 or .20 or 2.00 someday soon. I will BEGIN to see a return on my investment and the time I have spent cheerleading this company. That's not going to happen on the backs of investors lured in by false information though. We, as investors, should be focusing on pushing the management to set this ship right and utilize the potential here instead of trying to lure more innocent people to the fold with misinformation. I STILL believe in the potential here. I believe we can hit .20 or 2.00, but not until we have the people in charge come clean and put the company and its investors before themselves.

So essentially what happened here over the last few weeks is that the company paid a bunch of promoters to come in and push the stock for a bit so that they could milk a little more money out of the market, is that correct? Now that they have left, the stock plummets to where it was (or slightly below) before they came.

Thank you, Mr. Beall for your valuable addition as president of this company.

I normally would just walk away from a company like this, but I find the continued shenanigans and the SEC's lack of response infuriating.

Sorry, Raggedy Man, didn't mean to cast aspersions on you in any way. Just wanted to point out that one fact. Was half hoping someone would correct ME and point me to where there was some official news on a sequel.

I believe you are correct on all the points you pointed out, too. PDOS no longer owns Drunk Duck or Wowio. And according to their last statement files on 11/16/11:
2,500,000,000 shares authorized; 413,234,555 and 310,345,811 issued and outstanding, respectively

But, again, I apologize if my correction came off as an attack towards you. It was not meant as such.

Correction:
There is NO Cowboys and Aliens sequel in the works. Do a google search and it is not mentioned anywhere outside of this board and several spoof videos. We certainly would have heard something concrete if it was releasing in 2013.

If you are thinking about investing in this stock, please look deeply into the facts first. There are a tremendous amount of false facts being put forth in the last few days on this board. The facts are that this company produced a graphic novel that was adapted by Universal Studios as a movie in 2011. Shortly after that movie was released, this company stopped filing any of the required paperwork with the SEC. Around that same time, many of us here raised extremely important questions that were, and continue to be, unanswered by the management. These facts alone should give potential buyers pause but many of these questions involved the improper distribution of large sums directly to the CEO or other companies controlled directly by the CEO.

I, and many others that have invested in this company, want to see it succeed and want the stock price to skyrocket, but not on the backs of people suckered in by false information and unsubstantiated rumors put forth by the president or anyone else.

It is up to anyone what they do with their own money, but please look at the facts and not at posts by people who may or may not be paid pumpers who have flocked to this board in the last week, drowning out those of us who have been true supporters and followers of this stock.

I don't see why anyone would, whether they have the rights or not. The movie lost a significant amount of money. I believe someone said previously that Platinum has sold the rights in their entirety to Universal, the company that actually made the movie. I do not know whether that part is fact or not, just what someone said here. The facts are that it cost $163 million to make, according to IMDB and made $175 million worldwide. Add advertising to the costs for the studio and this was a massive money loss for the studio.

I don't really mean to be a conspiracy theorist, either, but every time I post questions that I believe cut to the core of what the big questions are with this stock, a dozen "PDOS will be huge, buy now!" posts appear to bury it. Shenanigans like that, if indeed they are shenanigans, erode my trust in the management even further.

Nobody here wants this stock to succeed more than me, but please can that happen on the back of real news and not smoke, mirrors and the promise of "impending news". That does nothing but sucker in more investors. As much as I want to make my money back, I don't want it to be on the backs of others being taken in by the same people.

A lot of the "news" posted here recently by new people who have shown up, I have debunked before when it was posted by others. A short recap below, but please see my earlier posts for a more detailed one.

Atlantis Rising - Mr. Canton, the producer of 300 attached, has made such winners as Fame, Spiderwick Chronicles, and Piranha 3DD. He is also a member of the Board of Directors of this company. No studio, no director and no writer also mean no movie.

Animated Cowboys & Aliens - Notice when Mr. Rosenberg describes it himself, he describes it as an animated graphic novel, not as an animated sequel or even an animated film. That's because it has already been released and you can hardly call it a sequel or a fully animated film. You can see it here: http://splastk.com/.

I really, really want this stock to succeed. I've followed it and been a cheerleader for it for well over a year now, but I prefer to deal in FACTS, not it rumors that can easily be debunked.

The FACTS are that the company hasn't filed a single document with the SEC (other than several new presidents) in over a year. The last communication with investors was in January when they had several prerecorded messages, one of which talked about forming a second company that would be taking on additional investors. Their last filing also showed over $1 Million and huge amounts of stock being transferred to Mr. Rosenberg and his holdings. These are facts that I have detailed and pointed out in previous postings. They were even facts that I first directly sent to Mr. Rosenberg, allowing him an opportunity to answer me directly and privately. I received no response, nor have they ever been addressed publicly.

I would love for this stock to be $.10. Shoot, I would take $.05 or $.02 at this point, but not on rumors or promises of upcoming big news. I've heard that quite a lot over the last 18 months. Give us real news that we, the longstanding investors in this company, can get hope from.

Although I am happy to see the stock price rising even a little bit, I am confused by this. This company has yet to file their year-end report for 2011, they have consistently ignored investors' requests for information and the last actual filing they did showed a disturbing amount of money flowing either directly into Mr. Rosenberg's pockets or into companies that he owns. Add to that the fact that there has been no significant news released since Cowboys and Aliens was released and you have a company I certainly wouldn't be investing more money in.

The volume is great and I hope this uptake continues to the point where I, and many many others here, can reap some sort of reward for the patience and faith we've exhibited, I simply don't understand where it is coming from. Is this shorters and day traders trying to turn a quick dollar?

I have not seen anything about an animated film for Cowboys and Aliens. Even on Platinum's own website, there are no announcements about anything of the sort. I believe you are misinformed at such.

I only now noticed that PDOS was Tiered down last Friday to a "OTC Pink No Information" tier. For those that don't know this means:

"Pink Sheets No Information
Indicates companies that are not able or willing to provide disclosure to the public markets - either to a regulator, an exchange or OTC Markets Group. Companies in this category do not make Current Information available via the OTC Disclosure and News Service, or if they do, the available information is older than six months.

OTC Pink No Information® includes defunct companies that have ceased operations as well as 'dark' companies with questionable management and market disclosure practices. Publicly traded companies that are not willing to provide information to investors should be treated with suspicion and their securities should be considered highly risky."

There should be no doubt in anyone's mind that this is now, at best, a defunct company. If Mr. Scott Mitchell Rosenberg is indeed still operating somewhere, my thoughts go out to whomever he does business with. They had better check their wallets after every meeting.

What "new owner"? Mr. Rosenberg has been the one in charge of this company from the onset and seems to be still running things. There is a new president, but he has yet to take any actions, as far as I can see.

I have often wondered at that 5000 number. Thanks for clarifying.

As to RIP, I'm simply dumbfounded. If the monies that they have reported going to RIP are for Cowboys and Aliens, that means this company never really owned anything at all and was entirely a scam from the beginning. I was willing to give Mr. Rosenberg the benefit of the doubt and say he was merely incompetent, but this is far beyond that. I thought I was buying into a company with a large library of intellectual property, to now find that it was always a shell that owned NOTHING and money was always meant to be funneled into a company solely owned by Mr. Rosenberg makes me furious. How has the SEC ignored my every inquiry? How is this man NOT on his way to jail?

There was a game developer called Platinum Studios, I think out of Japan, that was in talks with Nintendo, but it was NOT this company. I wish it had been. That company has shown up on a few of my Google searches as well but it is definitely not the same company.

Wait a freaking minute. Are you telling me that Platinum actually doesn't own any of the title they claim, that instead Mr. Rosenberg owns it all through Rosenberg Intellectual Property Media? Doesn't that directly conflict with the sentence "We own the rights to a library of over 5,000 comic book characters, which we adapt and produce for film, television and all other media." that appears at the beginning of all of their filings? I understood that, through part of their shenanigans with ACH, Platinum lost the exclusive to the Awesome library, but if they never really owned anything to begin with...?!!! If that is true, I am furious. Where did you get his information about RIP, Scooter?

From everything I can gather, it has gone directly into the CEO's pockets. Here are some things I pulled from their own filings (back when they were still filing). Personally, I find it very convenient timing that they stopped filing with the SEC on their "Landmark Year" where it looked like money was actually starting to flow in and our revenues would begin to show. Is it simply mismanagement or was it getting more and more difficult to hide things like the below in their filings? When Mr. Beall was announced, I emailed him directly, hoping for an honest response and got nothing in return. Seems like more of the same shenanigans. Here are my questions from early this year, posed during our short-lived investor calls and completely ignored:

1 - RIP Media has received over $558,113 of payments from the company listed as "participation fees". A quick google of RIP Media shows Scott Mitchell Rosenberg as the President and sole officer. Can you explain to us, the stockholders, these payments? Or the additional $347,500 currently carried on the books owed to RIP Media?

2 - Assignment & Collateral Holdings, LLC or ACH Holdings seems to be the majority stockholder these days, considering 1,005,426,136 warrants, previously given to Mr. Rosenberg as part of an extension of certain notes, seems to have been transferred to ACH. According to the last quarterly report, Mr. Rosenberg no longer has any financial interest in ACH. Strange, that, given that their Nevada Corp address is 2533 N. Carson Street in Carson City, NV. Mr. Ruteledge, PDOS' new president, has his offices at 318 N. Carson Street in Carson City, NV. Strange coincidence that the offices of an unrelated party would be blocks down the street from our new President. Can you please explain the relationship between Mr. Rosenberg, Mr. Ruteledge, and ACH?

3 - The transfer of those warrants from Mr. Rosenberg to ACH has made it so that Mr. Rosenberg no longer controls 30% or more of PDOS. According to our last quarterly, this means that PDOS no longer has an exclusive option over the Awesome Comics library, a large portion of the Platinum Library. Does this mean the upcoming Youngblood, part of the Awesome library, movie will no longer be a Platinum production? DID Platinum just lose a large chunk of it's library thanks to a little creative shuffling by the President and CEO?

All of these can be verified with a little googling and looking at the latest filings. None of these were addressed on the call, nor did I receive a private response, both of which I would have accepted as addressing shareholder questions.

This is a cut and paste from one of my posts here back in January.

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=70510222

I submitted these questions to Mr. Rosenberg and Mr. Rutledge for their short-lived investor calls and they were not answered.

So this stock has officially been delisted to the pink sheets now. 2012 certainly seems to be a "landmark year". Conveniently, now we will never know how much our president and CEO have funneled out of this company. How can they continue to get away with this?

I recently wrote to the IR firm listed on their website and received a prompt response that they had resigned as Platinum Studios' firm as of March. It certainly seems like Mr. Rosenberg and Mr. Rutledge are the only people currently working for this company.

I haven't really followed Mr. Altounian since he left this company over a year ago. Neither Mr. Rosenberg or our current president Mr. Rutledge have responded to any of my emails. It is seeming more and more like these two people have milked every cent they could out of us and have moved off to other endeavors. Personally, I have not followed Mr. Altounian's other companies. My main problem lies what the shadiness that has happened after he left. I'm sure people have very legitimate gripes against him, as I've been told this is a pattern, but I am not one of them. Massive dilution, funneling of funds into shell companies, absurdly late filings, as well as large and unjustified paychecks only lead to one name with this company and that name is Rosenberg.

I truly wish the SEC would do SOMETHING here.

I am kind of amazed, too. It's been months since there was any communications with investors. It's been weeks since they were late with their filings. We have unconfirmed rumors that Mr. Rosenberg has closed up offices and is operating out of his house. Our "president" hasn't been heard from since they announced his appointment. Board members are resigning. Emails are going unanswered. And, even though I personally have sent multiple complaints to the SEC, nothing seems to be happening. Aren't they supposed to protect us from just these kind of swindlers? I've long ago written off ever seeing any of my money back again, but I'd like to see these people get their just due for so blatantly scamming all of us.

I agree, there's been enough factual postings here about the people in charge that, if anyone is going to listen, they can easily see how they operate and decide for themselves whether to be in business or not. I think the majority of investors do not frequent this board, unfortunately. If they are going to look here and take advice, it is here from Kimble and others. If not, they won't. Personally, I am pursuing things with the SEC, as I believe what they have done here should be looked at very closely by the people that can put folks in jail. I have lost a significant amount of money and, in return, been fed plate after plate of insulting bull, all the while begging them for information and a reason to keep my faith in them. Their silence has spoken volumes about how they feel about their investors. The BEST we can hope from speaking out on this forum is that Mr. Rosenberg and Mr. Rutledge read this and worry about how or when their deeds will catch up with them.

Just a little correction: Mr. Rosenberg did not create Men In Black, a guy named Lowell Cunningham did. Check out this article here: http://www.nytimes.com/1997/07/03/garden/men-in-black-come-from-his-galaxy.html?pagewanted=all&src=pm where Mr. Rosenberg is not even mentioned.

And lots of people have pictures with top movie producers. Not all of them use shares to pay for car rims.

Well, from the information I have and have posted here, it seems like the CEO and President have sucked the life out of this company. Or at least, every penny they could. The amount of money they have sucked out of the stock price alone could have financed an entire other movie or dozens of new comics. We've seen none of these.

Disgusting.

Rockman, where did you see that? I've read through a lot of their filings very closely and I don't remember seeing that. I would love to if you can point me to where you got that from.

McNasty1, if you are indeed replying directly to my post, I believe you have misunderstood me. And I'm sorry if I was unclear, but I never actually asked why the stock was plummeting. That much is evident for anyone who is following this stock. I've read that filing multiple times. My questions have much more to do with the "healthy otherwise" part. The tangible actions I see them taking seem to involve funneling more cash and overall ownership out of the company through a series of shell companies. The rest of the press releases are half-truths and BS. See here for an example:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=73087073
Or here:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=71074264
Or here:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=71550368

I want any company I am involved in to do things in a thrifty way. I also want the CEOs and Presidents to make a fortune, providing they let me as an investor go along for the ride. This is not what is happening here. Instead they seem to be funneling what cash there is into their own pockets while feeding us a line of easily debunked BS. I have asked and asked and practically begged them to change my perception of that. Yes, the stock price is plummeting because massive amounts are being put out in the market. If those massive amounts were going towards creating new opportunities or getting more things in production, I would be fine. Heck, the stock price would be fine. These things are not happening.

And if your definition of being a tad greedy is taking 25% of gross revenues and a high six figure salary and a majority ownership in the company, I will be your CEO any time.

Boosjim,
I really don't like commenting on boards like this because it often descends into people getting personal one way or the other. There are those here who are quite solidly for and quite solidly against this company and each side, I'm sure, has their own reasons. My own personal reasons have always been just trying to get answers from the company. Direct emails about certain matters have gone ignored by both investment relations, the president and the CEO. I have not called frankly because I wanted these matters answered in writing. The lack thereof has now become an answer for me.

To recap, and I can indeed back these up with facts in their own SEC filings, my main questions have been:
1 - How can the CEO justify such a massive salary when the revenues don't seem to support it? He made well over a million dollars last year. Please tell us how that is justified?
2 - Why have hundreds of thousands of dollars been paid out to RIP Media? RIP Media, a company that Scott is the owner and sole officer of, has been paid out massive amounts in the past year and still is listed as a main debt holder. Why? What services did RIP perform for the company to deserve this?
3 - ACH is currently listed as a majority owner in this company. This company was incorporated by the president and CEO in Nevada and now has somehow assumed ownership of over 1 Billion shares of stock. How did this transpire?

There are others. If you look at my previous posts, you will find links supporting this and more. I have posted this here as an attempt to get answers that have not be addressed either here or on the short-lived shareholder calls. I don't know if shares were given out for tire rims and frankly I don't care. If doing so will somehow bring the stock price back up to even where I bought in, I'm really ok with that. Heck, Mark Zuckerberg could be driving an monster truck paid for by the company and I'm sure the shareholders would be fine with that.

I don't have a personal agenda. I've never met any of these people or dealt with them before. I am not trying to save or make anyone money. I've tried to ask questions based on facts that I have gotten from the documents provided to me. These questions have not been answered or addressed in the slightest. Personally, after months of asking and emailing and being ignored, of posting here in a place that we know they pay attention to and the only response being a flurry of "Buy now!" and "Bounce coming!" one-time posters, I believe I have my answer. I have been using this forum to address real concerns I have with how the money I have invested in this company by buying stock is being used. These concerns have fallen on deaf ears and the stock price has continued to plummet.

I am not accusing anyone of anything, be they bashers or pumpers. I want answers and have not been given them. In my own head, that answers them for me, but I urge everyone else out there (i.e. the other 20 people who read this board) to make up their own minds about this stock and go in understanding the difference between facts and opinions, be they positive or negative. I have made up mine, but come to your own conclusion and if that is different than mine, so be it. That is all of our right.

You are absolutely right, Casuals. This is precisely what they do. And, by that, I don't think we mean the same thing.

5 minutes of Googling and a little math:

Let's assume that today's press release cost $1000. That's a little on the low end for a wide release, but we'll give them the benefit of the doubt. Let's assume that Platinum gets 50% of the price they get for selling it through Duchess. That means they have to sell 2,500,000 shares to pay for this release.

And this release that cost us 2.5 million more shares of dilution? Is there a studio attachment? Is there a director, producer or actor attachment? Nope. They are "launching an exploitation strategy to develop the property into a feature film or a television series with major producers and studios." That means nothing other than they are going to try and set it up, which I hope they are doing with all of their stuff on a daily basis.

Well, at least it is an acquisition of a new property, right? That's some sort of progress, right? A bit of googling shows this:
http://web.archive.org/web/20040417153659/http://platinumstudios.com/titles/undercover_clown.php
Yes, this title was on their own site in 2004 as one of their many "upcoming comics". They acquired this comic at least 8 years ago.

So, yes, I do believe this is what they do: put out bogus press releases at additional cost to us while they continue to dump stock on the market and put money in their own pocket. They put up a smoke screen to keep us from seeing how they are picking our pockets. That's what they do.

I really can't comment one way or the other on Altounian's intent or past history, as I haven't done any DD on him outside of PDOS. I'm by no means saying you are wrong or lying or anything, Kimble, I just haven't done research for myself to look into him because he was long gone (at least on paper) when I really got into this stock.

To me, though, the blame for this fiasco lies mostly on our CEO and (perhaps) President, Scott Rosenberg and John Rutledge. From what I have seen, and no one has offered proof to the contrary, even when I have emailed the company and Mr. Rosenberg personally, these two men have funneled millions of dollars in stock and investor dollars either directly into their own pockets or into shell corporations like RIP Media and ACH. They have made millions while all of our portfolios have dwindled to less than nothing. Perhaps Mr. Altounian has as well, but these two definitely have. It's all there in their own filings.

Somebody said recently that this stock is PATHETIC. I would agree but I can't believe this isn't CRIMINAL as well. I have written the SEC myself and suggest all of you do, too. http://www.sec.gov/whistleblower

Look, I haven't lost anything I couldn't afford to lose. That's part of playing the penny market like this. I hope none of you have, either, but I suspect that isn't the case. This is the first time, though, that I have had it taken from me this blatantly and I really don't want to take it sitting down. I suggest you don't either. Make your voice be heard: http://www.sec.gov/whistleblower.

Really, Madddog? They put out a press release in December, naming him president, and never put out anything to the contrary after that that I can see. Here's the release:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=69766157

I remember it well because it was that announcement that prompted me to post here for the first time:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=69780087

Where did they say that he turned down the role?