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Great find! Might as well seize his computer too.
That is an interesting find and why am I not surprised? When you're this dirty (and sick, in the case of Qayed), you can only go to your crook friends.
And he's still the CEO of Beanstock. That is funny. Leading a company through all this is a full time job. He's going to be CEO of a private company while being COO of a public company.
The company is excited to announce the appointment of the current CEO of Beanstock Media and former head of sales at DoubleClick, Jim Waltz, 45, as Acting Chief Operating Officer. Mr. Waltz will immediately take over operational leadership duties and responsibilities to best serve clients, partners and stakeholders of the company. Mr.Waltz will be reporting directly to the Company's Board of Directors.
Mr. Waltz currently serves as the Chief Executive Officer of Beanstock Media (www.beanstockmedia.com).
Although he will maintain his role as Chief Executive Officer at Beanstock Media, Mr. Waltz is expected to dedicate most of his time and energies towards his newly-appointed role as Acting Chief Operating Officer of Adaptive Medias, Inc.
http://www.adotas.com/2011/06/quick-hits-traffic-marketplace-is-now-epic-marketplace/
http://performinsider.com/2012/06/how-epic-media-group-fucked-affiliates/
http://www.exterminatelab.com/remove-trafficmarketplace-virus
Look what I found searching Beanstock and its people. This is definitely a big dirty filty story about to break.
http://www.williamnicholsinc.com/management
Joseph Lyons
Advisory Board Member
Beanstock Media
Joe is the Chief Revenue Officer currently responsible for the growth of Beanstock’s revenue and margins.
What Qayed was doing at night on Dec 25-Dec 29 and then maybe other days depending on what other victims steps forwards...
Mr. Shareef had the right, until December 31, 2013, to require that the registrant purchase from him his pro rata portion of 5,500,000 registrant shares, at a purchase price of $0.0909 per share (the “Put Right”). Mr. Shareef expressed a desire to exercise his Put Right, but was cognizant of the cash flow constraints of the registrant. Mr. Shareef determined that he did not wish to exercise his Put Right to the detriment of the registrant, its operations, and shareholders.
He was the Sole Director. Now, how the f' is that possible! And this is the time he's committing unspeakable crimes. Who in the world let this be structured this way.
Mr. Shareef was the sole Director of the registrant, as well as its Chief Executive Officer. Rather than propose and implement a strategy or transaction with the registrant in which he would effectively be on both sides, Mr. Shareef, in his capacity as sole Director, appointed a second, disinterested member of the registrant’s Board of Directors.
Mr. Akram, the sole disinterested Director of the registrant, determined that, in exchange for declining to consummate the transactions contemplated by the Put Agreement, which was Mr. Shareef’s right, the registrant would waive the provisions of the Lockup Agreement, pursuant to Section 2 thereof, as set forth in the Waiver of Leak-Out and Lockup Agreement dated December 31, 2013, attached hereto as Exhibit 99.1. Such arrangement was determined to be in the best interests of the registrant, because Mr. Shareef will be able to sell a portion of his stock in the registrant without causing the registrant to use any of its capital to fund or facilitate such sale.
Disinterested?! He worked for Qayed before.
And then what the heck did he need this loan for? Was he being blackmailed by some other victims? We will never know. Or wait, we will now once the investigation gets deeper.
On January 21, 2014, the Registrant loaned to Qayed Shareef (“ Mr. Shareef ”), the Registrant’s Chief Executive Officer and a member of its Board of Directors, $100,000 (the “ Loan ”) pursuant to a Secured Promissory Note (the “ Note ”) and Stock Pledge Agreement (the “ Pledge ”) attached hereto and filed herewith as Exhibits 10.1 and 10.2, respectively. The Note provides that the Loan shall mature on January 21, 2019 , shall accrue simple interest at a rate of 5%, and Mr. Shareef shall make quarterly payments of $1,250 until maturity. The Note is secured by the 18,628,000 shares of the Registrant’s Common Stock currently held by Mr. Shareef, pursuant to the terms of the Pledge. The Loan, the Note, and the Pledge and any document or transaction contemplated thereby, were approved by the Registrant’s Board of Directors on January 21, 2013, voting without Mr. Shareef. The foregoing is qualified in its entirety by the terms of the Note and the Pledge, and such Note and Pledge are incorporated by reference herein.
Colleagues and Cronies
What really confuses me is how many people work at Adaptive that have known Qayed for years. His sick dirty f* character got by all this time. This can't be his first incident and the feds are going to find out all sorts of dirty little secrets.
I researched long on this and there are big names they used to tout the company and there are people that worked for him before.
First the touting names:
Ernest ("E.J.") Hilbert, Cyber Security Expert and Former FBI Special Agent
Are you f*ing kidding me? Qayed is a 'cyber'-criminal and homeland security basically took him down. I couldn't imagine him deciding to stay involved in Adaptive Media after this news. He's a former FBI agent for crying out loud!!! This is a call for him to resign immediately.
Hilbert joins Adaptive Media's team while currently leading the cyber practice for an international consulting firm. Prior to that, Hilbert spent eight years as a Special Agent for the FBI, leading one of the largest cyber-crime investigations addressing computer intrusion, theft of data, and extortion of more than 600 financial institutions.
http://finance.yahoo.com/news/cyber-security-expert-former-fbi-140000252.html
Bruce Wiseman a former EVP, COO, CFO of various companies
I looked up Adconion and they are part of a bigger company called Amobee. I couldn't imagine he'd risk his career reputation by staying on as a board member. I wouldn't be surprised if he resigned immediately.
Wiseman is the General Manager of Wiseman & Associates LLC, which provides advisory services to businesses in the digital media and marketing industries. Most recently, he spent three years as Chief Operating Officer of Adconion Media Group, a digital media holding company that provides a portfolio of brand and performance solutions for advertisers, overseeing 26 offices across 20 countries and over 550 employees. Previously, Wiseman was the EVP, COO and CFO for Fox Audience Network. He has also held leadership positions with Yahoo! and Disney during his decorated career.
http://finance.yahoo.com/news/adaptive-medias-inc-elects-bruce-104500258.html
Sandy Grushow, current Board Member of Weather Channel
Wow, the Board member of the Weather Channel and former Chairman of Fox TV. The entertainment industry is very critical on dirty shit. Qayed isn't an artist like Woody Allen or Bill Crosby (http://www.stuff.co.nz/entertainment/celebrities/64730682/bill-cosby-woody-allen-remind-us-that-you-dont-have-to-be-good-person-to-make-art). He's leading a OTC company. So I would imagine Mr Grushow would distance himself ASAP, especially after praising Qayed directly.
Grushow was named to the Board of Governors of the Weather Company. Prior to starting his own practice, he served as Chief Content Officer at MediaLink, where he worked closely with and provided counsel to numerous digital content creators, distributors and brands. Before moving into the world of digital media and technology, Grushow spent twenty-four years at Fox, helping to build the new broadcast network from its earliest days prior to being named Chairman of Fox Television Entertainment, where he oversaw both the broadcast network and the TV studio.
http://finance.yahoo.com/news/digital-media-entertainment-chief-sandy-104500759.html
But then there's all his former colleagues. I guess trying to get new people excited about his leadership while he did child porn on the side would be hard.
Bryan Nguyen as Chief Technology Officer
Nguyen served as Java Architect at Traffic Marketplace
http://finance.yahoo.com/news/adaptive-medias-appoints-bryan-nguyen-111700280.html
Todd Miller, VP of Compliance and Quality
VP of Compliance Operations for Online Intelligence, Director of Compliance Operations for Traffic Marketplace
http://finance.yahoo.com/news/adaptive-media-announces-additions-todd-114500520.html
Omar Akram, Co-Founder and Vice President of Product and Technology and Board of Directors
Prior to joining the registrant in January 2013, Mr. Akram was a Senior Product Development Manager at Tactara, SpinMedia, and Epic Marketplace.
Sal Aziz, Co-Founder, GM Video Platform
Senior Ad Operations / Technical Support Epic Media Group / Traffic Marketplace
This guy used to work at OneScreen and then founded a company that acquired the assets of OneScreen. Fishy. Sal spends most of his free time with his family. He loves to play basketball, and coach his 6 year old son's club basketball team. Having played professional basketball, Sal enjoys passing on his love and knowledge of the game to all the kids he coaches.
http://www.zoominfo.com/p/Sal-Aziz/1229430102
Kevin Yamano, VP of Product Marketing
Previously, Yamano served as head of social product marketing for Epic Media Group
http://finance.yahoo.com/news/adaptive-media-announces-additions-todd-114500520.html
Mark Lambert, CFO of ClearSlide
Previously, Lambert was the CFO for Connexus Corporation, a top-10 advertising network, which did business as Traffic Marketplace and was later sold to Epic Media Group
http://finance.yahoo.com/news/adaptive-medias-inc-appoints-digital-100000667.html
All this is really concerning me. If everyone claims they had "no idea" that's bullsh--. Character is character. All this, from all these people who were likely paid well to back Qayed's story, is beginning to sound like an episode of American Greed. I hope the Orange County Child Exploitation Task Force (OCCETF), Federal Bureau of Investigation, U.S. Immigration and Customs Enforcement’s (ICE) Homeland Security Investigations (HSI), the Orange County Sheriff’s Department (OCSD), and the Newport Beach Police Department (NBPD) all raid the offices of Adaptive Medias, William Nichols, and everyone else involved.
And, add the SEC to it. If this is what he did while shareholders, customers, and employees needed leadership, that is filthy. And I am guessing all these people have children...imagine how that feels! What a sick bastard.
Sometimes you can just sense it's all over. Wolf of wall street type over. If he could break the law with children, how hard would it be to fake financials, lie to shareholders, make up bullsh--, issue fake stock, etc.
The colors are dedicated to newelong, who is basically newegone now.
As for dumping shares, I'm sure the SEC would have a strong opinion about that, especially for Qayed and his cronies. And Media Graph buyers have a lock up anyway, so Brodeur and Batmasian can't sell their shares.
Story sound familiar:
http://www.cnbc.com/id/101845466
And it goes on forever:
https://www.google.com/search?q=arrested+ceo+dumping+shares
It is great the SEC, DA, and others are all getting smart about this stuff.
This is the life of a sleazy criminal with his cronies I'm sorry but they just look sleazy.
Daryl McNutt writes: He is smooth!
December 11, 2014 at 11:01am
Shiwa Aziz Nice!!
February 19, 2014 at 5:54pm
Marjan Nawabi Congratulations!!
February 19, 2014 at 6:01pm
Jamila Aziz Keep up
February 20, 2014 at 7:06am
Daryl McNutt Congrats team! keep the ball rollin!
February 20, 2014 at 8:21am
Looks like Norman and Qayed in the corner. http://www.williamnicholsinc.com/management
And looks like their Co founders all over the picture. one guy Sal aziz has lots of fans on comments and is standing right next Qayed.
[img]lh6.googleusercontent.com/-
I wonder who Qayed called from Jail for his 1 call? Mr Brodeur, Mr Aziz, newelong, SEC? It's exhausting trying to figure all this out. I'm done.
http://www.ripoffreport.com/r/norman-j-brodeur/irvine-california-92614/norman-j-brodeur-william-nichols-associates-brodeur-purposely-deceives-clients-and-w-1188918
Norman J. Brodeur - William Nichols & Associates Brodeur purposely deceives clients and works to forfeit them of moneys owed for own gain Irvine California
Quick rundown:
Norman J. Brodeur is the managing partner of William Nichols & Associates, Inc. He helps companies become acquired at the highest possible evaluation. At least from what I saw, so I can't claim he does this EVERY time, Brodeur's primary technique to increase a company's evaluation is to cancel all accounts payable.
It's exactly as it sounds. If you are owed money by any company that Norman J. Brodeur is currently managing, or temporarily running as a sub CEO, you should begin worrying. It is possible, though I can't say guaranteed, that you will not receive moneys owed; and it doesn't matter if it's a lot or a little.
The second you have a late payment or missing payment, I can only advise getting legal support as soon as possible. In my case Norman J. Brodeur's technique was just to buy time -- so imagine the "You'll get your money soon" emails -- until his tenure has ended or the company he and William Nichols & Associates, Inc. is attempting to get acquired does so.
I even attempted legal, which resulted in Mr. Brodeur acknowledging that money was owed. Brodeur setup a payment plan, which he never fulfilled. The payment plan created by Norman J. Brodeur was made only to buy the two extra months he needed to get out of the company and no longer be liable. I don't know if the definition is "scam", "theft", "con artist" or "fraud", but he has so far gotten away with it. To top it off, I'm not alone. I know various other clients also cheated by Norman J. Brodeur. They call it "theft", but that may not be the best legal term. I can see about posting the legal document -- signed by Norman J. Brodeur -- to this thread.
While I don't know if he does this 100% of the time, though his official site's team of "partners" look like a gang of used car salesman, doesn't give me confidence that this guy is ever legitimate. He has the look of somebody who can steal and still sleep at night.
In short -- this post was created just to serve as caution when dealing with this indidual and his company.
Next to investigate: Norman Brodeur and everyone else at William Nicohls. Then move to James Batmasian. Maybe the SEC and FBI can find some things on his laptop. Nothing tops what Qayed did, but maybe there is more going on here.
https://www.adaptivem.com/company
Qayed Shareef gone from the list. newelong, who are you going to tout now? I'm sure you can make up some stuff about someone new. Just copy and paste, and change the name.
Anyone else see this? Is it real? I have a search query with "qayed shareef" on twitter:
Eric Leonard ?@LeonardFiles 34m34 minutes ago
Prosecutors in #OrangeCounty file 33 felony counts vs tech CEO Qayed Shareef. Most allege lewd acts with child under 14.
Eric Leonard @LeonardFiles · 4h 4 hours ago
#Shareef charges will be filed by #OrangeCounty DA. Stems from ICE investigation. Alleged victims in Virginia, feds say.
Eric Leonard ?@LeonardFiles 4h4 hours ago
CEO of Irvine tech firm @adaptivem Qayed Shareef arrested in child pornography investigation, say fed law enforcement
interesting 236! I didn't think to check linkedin. Seems like everyone is doing what ADTM is claiming to be special and this even seems like video is just one of many of its capablities. they have to make new things and innovate and not just sell the same old thing.
i did some pretty aggressive googling about this Media Graph and this is stuff I found:
The twitter account: https://twitter.com/Media_Graph, I scrolled to the bottom and see the first tweet in Mar 2013.
The media graph won some kind of award in Mar 2013 also.
http://finance.yahoo.com/news/onescreens-media-graph-sm-finalist-214205242.html
went through the tweets and stuff and found this in April 2013
I think it is the video platform they got from the onescreen dealings.
I googled Mediagraph and found this: http://playtime-mediagraph.strikingly.com/
I think the service has been around since 2010 or 2011. Found this on google too http://company.onescreen.com/2011/08/10/meredith-video-studio-onescreen-partner-for-video-platform/
And this:
http://www.streamingmedia.com/Sourcebook/OneScreen-3781.aspx
Go figure............i think they are rebranding and announcing it like a new thing, but it's been around forever. Maybe we can try to create an account and check it out. based on my readings it seems to have been a pretty legit thing. with the traffic stuff being everyones problem these days. Maybe this is why they paid so much money (shares) for it -- it's all he's pitching now.
I also see some good material here http://www.williamnicholsinc.com/portfolio
Like, it doesn't look like amtd was working with the young turks. it was onescreen. but they did merge, so i guess that's ok.
http://company.onescreen.com/2013/07/30/young-turks-network-expanding-roku-android-ios-devices/
Some stuff qayed talks about is from 2011
http://www.onescreen.com/press/announcements/wall-street-journal-app-makes-an-impressive-debut/
Fun what a google search can find yOU!
Ooyala was $270m not $370m. Im correcting this because so many times this type of information like acquisition prices,industry facts, trends, correlations between Adaptive Medias and other companies, unique capabilites is incorrectly posted by promoters or advocates. Same goes with the release about facebook. Adaptive isn't "on of the first" to allow companies to post to the pages. Come on let's be real and clearly people on this board are all calling out the BS. and lets be careful with being off on any number, this time by 100m. Newelong, you can't keep making these mistakes and just saying opps, everyone makes mistakes. otherwise, basically this means everything you say can be just a "opps" after the fact.
Funny thing is that Nickelodeon does not have a deal with Netflix. So you can't really watch Dora on Netflix. He should check his facts before writing things like that.
This was old news:
http://www.siliconbeat.com/2013/06/04/spongebob-dora-move-from-netflix-to-amazon/
i'm curious why the company approved a personal loan to the ceo. thsi seems a bit contradictory to earlier statements...say one thing on one day to look good, and then change the story so no one notices. also, i'm noticing that they added an employee on the board and claim that person to be "disinterested" -- that seems strange.
On Jan 3: http://biz.yahoo.com/e/140103/adtm8-k.html
"Mr. Shareef expressed a desire to exercise his Put Right, but was cognizant of the cash flow constraints of the registrant. Mr. Shareef determined that he did not wish to exercise his Put Right to the detriment of the registrant, its operations, and shareholders."
"Effective December 31, 2013, Omar Akram ("Mr. Akram"), the registrant's Co-Founder and Vice President of Product and Technology was appointed by the registrants Board of Directors as a member thereof" http://adaptivem.com/company/team/
then today: http://biz.yahoo.com/e/140121/adtm8-k.html
"the Registrant loaned to Qayed Shareef ("Mr. Shareef"), the Registrant's Chief Executive Officer and a member of its Board of Directors, $100,000 (the "Loan") pursuant to a Secured Promissory Note (the "Note") and Stock Pledge Agreement (the "Pledge") attached hereto and filed herewith as Exhibits 10.1 and 10.2, respectively. The Note provides that the Loan shall mature on January 21, 2019, shall accrue simple interest at a rate of 5%, and Mr. Shareef shall make quarterly payments of $1,250 until maturity. The Note is secured by the 18,628,000 shares of the Registrant's Common Stock currently held by Mr. Shareef, pursuant to the terms of the Pledge. The Loan, the Note, and the Pledge and any document or transaction contemplated thereby, were approved by the Registrant's Board of Directors on January 21, 2013, voting without Mr. Shareef." (Keep in mind, the Board has one other member who works for him -- http://adaptivem.com/company/team/)
so it looks as though Mr Shareef shows he cares about cash flow of the company in the beginning of the month and then gets a loan from the company under 20 days with his subordinate approving it.
Anyone else curious about this?
i HAD to try to get the bottom of this. i was confused by all the stuff i was reading and i think i get it now. it's nice to know a bit or two about all this ad stuff from my days at a big media company. after watching that wolf of wall street movie in the theaters, I wanted to figure this out.
so firstly, if this guy norman is the new CEO, it seems like he is just the investor or something who took over to try to sell this for the stock market promise land! http://www.corporationwiki.com/Florida/Plantation/norman-brodeur-P495160.aspx but he's also partner of this firm: http://www.williamnicholsinc.com/portfolio.
it also looks like onescreen, even though it's on the PK, stopped reporting in 2009. on here, everything went hush hush in 2009 http://investorshub.advfn.com/boards/board.aspx?board_id=14474 and on the otc site:
when this Patel guy took over and "founded" the company as onescreen, it was by transforming an old business vidshadow:
http://www.marketwired.com/press-release/vidshadow-inc-changes-name-onescreen-inc-announces-effective-time-previously-announced-1239179.htm
in this vidshadow s-1, i see that patel was the CTO and consultant. and what do you know -- in the S-1 it brings up norman: Additionally, Norman Brodeur (as the control person of both Vidshadow Partners, Inc. and VSP Partners, Inc. and through his individual holdings) beneficially owns 66.5% of our outstanding shares of common stock and will continue to own or control approximately 61.3% of our outstanding shares of common stock following the completion of this offering.
but since this patel guy recreated the company as onescreen, it was an inc 500 company 3 years, deloitte fast 105, great place to work. then this article came out http://www.adweek.com/news/technology/questionable-traffic-seems-follow-video-company-everywhere-154567 but patel was already gone (in the article he corrects it and says he was terminated). i think this traffic thing is everyone's problem...not some active fraud.
i don't really see how it was a mess if this bot thing is everyone's problem. and its trying to be solved by some of the most scientific people at microsoft (take a look at this story http://online.wsj.com/article/PR-CO-20131205-911544.html) then how is this new "management" going to solve any of this. it's impressive if they do.
so, i must say, after watching Wofl of Wall St, i think that this is all just a big otc pink sheets thing. maybe that's why they got patel out, because it doesn't seem like he was into the PK thing otherwise they would have done press releases and filings. but instead all the press is about their vision. this patel guy seems to have started other things and some have exited.
qayed shareef is from Traffic marketplace or Epic or whatever. http://www.linkedin.com/in/qayed In this article http://performinsider.com/2012/06/how-epic-media-group-fucked-affiliates/ it says "Epic Media Group aka Connexus aka TrafficMarketPlace fka Azooogle is out of business and is basically refusing to pay affiliates".
And, here http://www.yatedo.com/p/Qayed+Shareef/normal/7d9f25036341a473af79dd1535328d91 it says this qayed guy was the co-founder of Ember!? And then he "acquired" it. i'm sure that'll be cleared up in the 10K.
let's just hope this isn't something more messy underneath. what happens to onescreen will be important to watch, since according to Inc, it did $15.8m in revenue in 2012. so it's strange that a tiny company adaptive is "buying" this bigger company onescreen and this norman guy is now the ceo so they can close this deal with adaptive -- it seems like williamnicohlsinc is involved in both anyway. that adweek article even said "The two companies had common investors. Adaptive Medias CEO, Qayed Shareef, is now running OneScreen."
regardless, i guess every thing should get a fair chance. so let's see how things go. it's just awfully confusing.