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Care to elaborate?
See All Points Capital in some litigation.
Lol. Missed my sarcasm.
I was saying that most the funds the first quarter, $1.8M were, in my definition, stolen or, to put it mildly, really didn't belong to ADTM.
So at least they are actually making their own money now; earning instead of er, I'll call it thieving, is a big improvement.
But yes, this company is crap and numbers are going the wrong direction.
To be fair...
The 2014 Q4 earnings were mostly money not paid to publishers who were owed by OneScreen; hence that 4000% spike ADTM loves raving about. Anybody can make money when they don't pay expenses. I call it "theft", but I'm sure there is a better term.
So, to be fair, the 2015 Q1 (and Q2) is likely money that was actually generated at ADMT, not jacked during the OneScreen "Acquisition". In that regard, there is improvement on ADTM side.
Placing weight in press releases... yikes.
I thought after showing a current press release making the exact same promises as a OneScreen press release from 2013 sort of proved that ADTM press releases are just propaganda that carry no weight. So would be tough to use this press release as the all-knowing proof on whether employees were let go or quit on their own.
However, I find it hard for anybody to be sure, save for insiders, on which was the case.
We do know that higher-ups bolted or weren't paid, forcing them to depart. That's definitely true, just read an 8K, but not sure about the general staff.
And the press release seems like it's also fibbing. You are claiming you have thousands of publishers, but can barely gross over $1M per quarter? That's only $500 per publisher per quarter. That is terrible, embarrassing, and not something most ad networks would acknowledge.
ADTM's press release claim on figuring out a way to do video with mobile seems sort of a joke also. Everybody else already does it, and does it better. Ever heard of JWPlayer? That's just one similar doing it.
But you don't even need these technologies, as there is something called HTML5, that allows video and mobile the easiest thing for publishers since sliced bread.
Just glad you're calling Norman Brodeur a criminal
Finally!
So no "advisory" bonus of $16,000 per month?
It could get boring with Norman Brodeur gone, I agree.
But also am wondering if he really is gone. So he took his name off the Board of Directors. Norman Brodeur was supposedly a new CEO for the acquisition of OneScreen by AdaptiveMedias when it turned out he was the owner the entire time.
Does Norman Brodeur still have all his shares? Is Norman Brodeur still getting kicked out funds from the company?
If money is still going to him along with his shares, he is still a controlling interest in the company. Unless this is wrong, it won't get boring.
Brodeur did have everything to do with OneScreen, Fraudulent Conveyance into AdaptiveMedias. Again, the papers support this argument. AdaptiveMedias revenues shoot up first report after "acquisition" thanks to stolen funds and Atul Patel claims in his lawsuit, which I completely believe, that Norman Brodeur was the controlling "owner" the entire time. Plus, ex-OneScreen employees back this as well.
Brodeur was controlling owner of VidShadow, Inc. What did VidShadow, Inc change its name to? OneScreen, Inc. Point made.
OneScreen was owned by holding companies like VSJ Partners, VSIP and so on.... all fully controlled by Norman Brodeur as holding companies to keep his name off the books.
Same thing as what had to be reported to SEC by AdaptiveMedias. They had to acknowledge that Norman Brodeur represented at least 4 holding companies that owned more than 10% of AdaptiveMedias.
So, yes, Norman Brodeur has been pulling the strings.
Huge money? The volume is only about 4k+ today. I think your definition of "huge money" might be pennies to others.
Or what other stocks went big for you?
Lol. Stopped by? Picking up your check (advisory fees by chance?) or showing up for work doesn't count as a random stop by.
Not closed, but definitely locked.
According to my buddy, who went back to the office again, the doors were once again locked. He didn't knock this time.
Why would an office keep their doors locked?
It's harder to serve them (lawsuits) for one. Why would ADTM be avoiding lawsuits? Oh, right, dumb question.
In all fairness, there has been growth
The number of lawsuits have grown...
The cost of legal expenses have grown...
Payouts to administrators has grown...
The number of companies, employees and clients claiming to have been ripped off by ADTM have grown....
The number of users on InvestorsHub who feel ADTM is a scam has grown...
Revenues? No, those have not grown...
lol. Happy Fourth!
Love the fake dialogue between you two.
Why don't you just turn your head to the right and say, "Nice catch." You don't need to post it for the rest of us. lol
Sal Aziz was from OneScreen.
I thought you just purposely ignored mentioning him, since he is a co-founder after all, since the confusion of where OneScreen ends and AdaptiveMedia begins.
So many Settlement Expenses.
These settlements for cases with no merit?
Since a chunk of these same Settlement expenses went to ADTM owners, yes, I'd say that this expense is going to "admins".
If anything, the next quarter report should be interesting/exciting.
I think you're kidding yourself.
Though I like the optimism.
Revenues have no cost of revenues or any other costs applied against them. Unless you have some optimistic definition that I'd like to hear.
Since we are comparing the same quarter last year, let's see how that went.
$1.1M in revenues, good. Gross profit after removing cost of revenue -- click buying? -- $389,000.
Sweet, still profitable!
Yikes, legal bill of $185,000. Guess this is for all those lawsuits without merit. That's half the profit. Hopefully this expense isn't increasing. Oh wait, legal bills were $353,000, so that is getting out of control. All these cases without merit are getting pricy! Moving on.
$204,000 remaining.
General&Admin expense: $1,041,172
That sounds like a lot. Hopefully they are improving on this. Oh wait, the Admins were taking $1,752,000 last quarter alone. Sounds like that expense is getting out of control. But let's move on.
So, in the end, last year's quarter not good, $800K in the red, and that's before considering all the other expenses; it'll only get more depressing.
So what about this has you excited again?
Mr. Waltz, the same guy ADTM ripped off?
That Mr. Waltz? Expect a filing or some strange settlement completely annihilating that "savings"
Earning less than a year ago is best news?
Lol. Then I know you've lowered your standards when gauging this company.
So about $1 million this quarter expected, until given amendment explaining lower than expected a few days after Q report.
And what's administrative spending at nowadays? Still more than $1 million?
Yeah, uhh, that's terrible.
But sure, this is great news like Nazi occupation is great news. lol
Low volume means easy manipulation today.
As you pointed out with the late movement.
lol. joenatural?
Understood and Jim Waltz resignation letter doesn't help build confidence.
When newelong tries to tell us that Waltz's resignation letter (a letter where he explains the company has ripped him off amongst other things) is a good thing since Waltz mentions all the positives he brought to the company, you can only assume this company is willing to rip off anybody at this point.
Oh, right, like the many lawsuits against ADTM, Waltz's letter "has no merit."
I agree it's good to be downsized and have less employees
Like the 8 mentioned at the office yesterday. But the biggest expense on their sheets wasn't ever the employees, or the operating, but rather the directors paying themselves out. What was it, $1.7M in compensations and expenses to directors and "advisers" last quarter?
No matter how efficient the lowly staff is, it's hard to get past that number.
More info on Irvine Office
So the office I was told is closed is.... open. Had a person shoot me over info (he took some photos to prove he was there) and he had this to say..
Office is open, but door is kept lock, causing one to think the office is closed.
Employees at office? Person estimated 8 or saw a total of 8.
So it is open, but the person who checked recently also thought it was closed based on the office door never being unlocked.
Also, if you want to give penny stock or pink sheet tips that you've found to be successful....
I'm all ears... ;)
You seem to report a lot of gains with them. I've tried twice. One plummeted to nothing and the other went up but I couldn't find a buyer.
ADTM doors aren't closed?
Didn't know there was proof of that yet. Oh, that photo with only two employees and one who brought in a laptop? That company is set to perform!
lol
But I really do wish you the best John and hope you can earn from this sinking ship.
Good news? Like Jim Waltz filing a lawsuit against ADTM good news?
That would be great news. Stock should really peak then.
Yes, office looked vacant and nobody was there.
Maybe it's the fact, judging by the photo from newelong, that there really is nobody in there but two guys who stopped by the office. The rest of the desk space looks cleared out.
If you are telling me one computer and a laptop is a thriving office, in comparison to multiple desktops in April (using your photo evidence), then ADTM is in real trouble and I rest my case.
By the way, I am the one having you panic? Not the stock dropping to less than 25% what is was a month ago?
Lol. That's rich.
Again, if the original, hi-res, uncropped photo was posted we might get a better idea of what's happening there... if anything. Newelong was nice to point us to a hi-res barbecue months back, so anything's possible.
2 employees left at ADTM?
Well, I guess it's good to know that the company still has two employees based on the photo. Looks like they are just staring at the stock plummet. lol
Is this from the office address listed on the AdaptiveM website? As that address is closed I'm told. I did hear there could be a temporary address in Mission Viejo, but thought just rumor. That photo from Mission Viejo? Where's the new office address? This looks first floor, but thought you guys were second floor.
Also, considering the photo is taken from a cell phone (PNG), I can't help but wonder why it's so cropped. Trying to crop something out or hide something? (or someone?)
ADTM Office Closed
The attorney I talked to was VERY sure that the ADTM office you have as an address is now closed AND vacant. And they claim Norman Brodeur is in "hiding", which was defined as not checking in to his normal places of work.
There could be a small satellite office that was setup in Mission Viejo, but not sure yet.
No, this is what happens when you let criminals run a company.
What, you really believed that dozens of lawsuits claiming the same thing really didn't have merit? Drinking Norman/Newelong's kool-aid.
Norman Brodeur is a felon con artist....
And the victims of ADTM are just joining a long list of victims in his wake.
Your definition of snake in the grass works too. ;)
ADTM Doors are closed and office empty....
Stopped by the Irvine office they list and, guess what, it's vacant.
Same thing OneScreen did, but don't forget that ADTM is OneScreen after all.
Drop baby drop!
Tried to warn you guys for months. Didn't believe?
I'm sorry to the outside investors, as I'm thinking this plummet is barely hurting the (inside) execs who thought taking $1.7M out of the company each quarter for themselves while the company only makes about $150,000 against operating was a good idea. Good for them, I guess. I'm assuming Norman and the rest of the board held on long enough to buy their wives bentleys and fake titties at the cost of stockholders.
Assumption, of course.
Anybody still thinking bounce? Bounce to what? 80 cents? (start lowering your standards)
Norman Brodeur using Stolen Social Security Number
It turns out I wasn't entirely correct on that. Norman Brodeur wasn't necessarily using deceased Angela Daly's social security to collect her social security checks, which I've implied, he could have been caught using it for anything it turns out. So a correction.
The nature of the use is not stated, so he could have been trying to take out credit lines or leases on her social security number when caught.
My bad.
And, I know I've been challenged on how there are a lot of people named Norman Brodeur. So I expanded the report and it says....
Norman Brodeur, Norman J. Brodeur or Norman John Brodeur. Okay, so maybe a couple people can be named this, but it also says:
the DOB of criminal: 5/10/1971
We can confirm this by going to the AdaptiveMedia board of director's Wife's facebook page, down to a post on May 10th, 2015, which reads:
Dang you Newelong!
That was actually a good response. Kudos.
I disagree on the Payoff, as why would that settlement be reflected in current Statements with ADTM if was transferred over and concluded so long ago from an entirely separate entity that was not yet acquired. Still insanely suspicious to me.
But thanks for Clarifying the OneScreen Merger Sub, Inc.
Newelong's requests.... answered
Watch me supply info to Newelong... again. Of course, Adaptive might have been lying in these filings, so I guess believing their lie doesn't make it true....
Thanks for info 236.
On the adaptivem site the only listed member now is Norman Brodeur. What's the deal with Jim Waltz, just COO?
Wish I could believe you...
But 100% of your posts are in defense of ADTM, with you aggressively combating claims against the company. Such as you trying to explain OneScreen was not "acquired" by AdaptiveMedia. In a very document-specific sense you are close to right. OneScreen created MediaGraph, Inc, which it was designed to look like a holding company for Norman Brodeur -- you will see he has all exec positions -- and created OneScreen Merger Sub, Inc. Two entities whose sole purpose was to commit fraudulent conveyance. MediaGraph was loaded up with straight cash, all OneScreen's cash, that was owed elsewhere and forwarded over to ADTM. Remember, there are bank statements from Chase that prove this.
OneScreen became a non-functioning holding company for Norman Brodeur and ADTM, where it held and I believe still holds 100,000 shares of ADTM that was awarded to it in the acquisition.
If you were just an investor, you'd be worried, not defensive. But again, my assumption could be wrong. I give you 10% benefit of doubt. lol. and I'm here to warn and defend shareholders. I was making a warning of losses like this MONTHS ago, and unfortunately many people listened to newelong's propoganda, so I'm here to set the record straight. How people get duped by newlong's press releases that have absolutely nothing to do with AdaptiveMedia and at times nothing to do with their industry is beyond me.
Admittedly, I'm confused by the third boardmember question also. What happened to Batmasian? I know he had that lawsuit specifically directed at him so maybe he removed himself? He only bought another million-plus shares a month ago, so doesn't make sense.
Might have missed a bunch of posts discussing this. Don't know.