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I have a million dollar judgment against SMAA. Nobody will touch this shell with that liability. More information about Tony Baker (AKA: Anthony Michael Baker) the founder of SMAA...
SEC Action
https://www.sec.gov/files/litigation/complaints/2022/comp25361.pdf
In Bracelets
https://www.facebook.com/MountainTopMediaNews/videos/baker-arrested-in-pikeville-despite-vowing-to-leave-state/225654706066678/
Just learned something interesting from my attorneys regarding SMAA. Apparently, OTC Markets Group is removing non-reporting / non-compliant companies/shells. SMAA has until mid-October 2021 to either get compliant, or they will be dropped, and the stock will no longer trade. The insiders are no doubt aware of this, but have chosen not to report because of my $1M+ judgment.
Just a suggestion, as I'm sure they're monitoring this message board, you should contact me via LinkedIn to make a deal or everybody will lose.
SMAA is facing forced bankruptcy. Anybody considering buying or holding this fraudulent company should be aware of the risks not being disclosed by the management team.
Google “investorshub Tony Baker” to see endless threads of accusations of fraud against the man who runs SMAA.
You don’t know what you’re talking about. The time and money we lost doing this deal, plus other lost opportunities, plus pain and suffering, plus the damage to our intellectual property might be far exceed the judgement. Nobody would touch our proprietary software since SMAA had claims to it until we won the lawsuit, at which time the shelf life had passed.
The specifics are boring. I spent 2-years developing a platform for new and used car auctions, research data, and new and used car quotes for Cars.net. We ran out of runway before reaching profitability. I listed the website and domain name for sale on Flippa, and Tony Baker with SMAA called me and said he wanted to purchase it. We performed our due diligence, looked at the stock price, and determined it to be the best deal since we retained our assets until all payments were made in full. Once they ran the fraudulent press release, refused to issue a correction, and dumped their shares, we retained an attorney and began litigating the matter. We won all of our lawsuits against the business and insiders. They paid us a small portion, then defaulted/breached, and now we're pursuing the forced bankruptcy option since they still owe me more than $1.3M.
SMAA is absolutely run by scammers. Let's review the facts:
1. On 9/19/2012 SMAA issued a fraudulent press release (1) stating Cars.net had 13,171 dealers. Cars.net in fact had 0 dealers. SMAA did not issue a retraction, and instead the insiders shortly thereafter dumped their shares dropping the share price from $0.18 to around $0.03 within 3-months. That's an 84% loss of value.
2. On 3/24/2016 SMAA was hit with a $1M+ judgment (2) in my lawsuit against the company. In addition, the insiders also agreed to pay me personally.
3. On 6/30/2016 SMAA knowingly issued a fraudulent quarterly disclosure and financial statement (3) directly lying to the shareholders by stating, "SMA is currently involved in a legal proceeding with cars net, d/b/a/ Phil Ferreira, regarding the acquisition of cars net. Mr. Ferreira filed a breach of contract claim against SMA. SMA filed a counterclaim and the dispute is currently pending in Tarrant County, Texas." SMAA insiders knew they had lost and dropped all litigation 3-months prior, had a $1M+ judgment against them, and still chose to lie on an official document. That's FRAUD!!!
(1) https://news.yahoo.com/amphtml/news/sma-alliance-signs-definitive-agreement-195500395.html
(2) http://s3.amazonaws.com/smaalliance/SMAA+Alliance+Judgement.pdf
(3) https://backend.otcmarkets.com/otcapi/company/financial-report/158905/content
In wouldn’t waste 1 Satoshi on these scammers. They’re not going to pay me, so I am moving forward with forcing SMAA into bankruptcy as the only means to collect some of the $1.3M+ they owe me.
I’m not holding my breath, but if they want to pay me to go away they would actually need to contact me to settle up.
You don’t know these people like I do. Whatever they make in dollars when they dump their stock next time, will not be used to pay their debtors. My job in the meantime is to make the public aware of the forced bankruptcy we’re pursuing against SMAA for the $1M+ they owe me. People should know the facts before investing since the company doesn’t report. Even their last reporting made no mention of our lawsuit or judgment.
Waiting for the attorney's green light to release the depositions. Stay tuned.
I doubt they’ll file, that’s why we’re forcing them into bankruptcy.
In 2012 SMAA acquired my company Cars.net. SMAA then issued a fraudulent press release stating we had a network of more than 13,000 car dealers, of which we had 0 dealers (https://news.yahoo.com/amphtml/news/sma-alliance-signs-definitive-agreement-195500395.html). They just made it up, and I called them out for their fraud and reported them to the FBI and SEC. When it came time to pay us the first installment payment they defaulted. The judge awarded us over $1M plus compounding interest, which I believe is currently more than $1.3M. We are now attempting to force SMAA into bankruptcy in order to liquidate whatever assets exist, including the public shell. Let me know if you’d like to read the management’s depositions. They are hilarious.
I don’t own any shares in SMAA. I haven’t bought or sold any shares in SMAA in the last 36-months. I have no interest in the share price of SMAA. The company owes me more than $1M via a court judgement. As such, I am working with my attorneys to force the company into bankruptcy, and liquidate whatever assets may exist.
I reply to false information posted here so the public has the facts.
Why are you opposed to transparency?
I'm in the process of forcing SMAA into bankruptcy since they don't have the cash to pay their debtors, of whom I am the single largest (over $1,300,000.00).
Name calling and impractical advice. I think I’ll pass on your suggestions and continue with legal forced bankruptcy as the best strategy to collect on the $1M+ judgment against SMAA. I spent several years offering SMAA alternatives to resolve our dispute and they chose not to accept.
Buyers beware.
Posting factual and public information for the purpose of transparency is within my legal rights. I have the shareholders' best interest in mind. If you have a counter argument to these facts, please share it with the board instead of threatening me with a meritless lawsuit in a weak effort to silence me.
No verifiable offices, products, services, IP, workforce, sales, contracts, or customers. The company owes me $1.3M via my court awarded judgement. The only asset of any value is the public shell which we’re going after through forced bankruptcy.
Buyer beware.
Wrong. We have until March, 2026.
"Judgments issued in Texas with a non-government creditor are generally valid for ten years but they can be renewed for longer. If a judgment is not renewed, it will become dormant.
You can attempt to revive a dormant judgment in order to continue to try and collect the debt. However, you generally only have two years in which to try and revive a dormant judgment. See the resources below for more information."
Attorneys are still working to force SMAA into bankruptcy in order to liquidate any assets it may have in order to recoup the $1M+ summary judgment.
SMAA is grounded until they resolve the $1M+ outstanding judgment.
Whenever Tony Baker is ready to address my $1M+ judgment against SMAA, I'm all ears. Happy to get it resolved in a mutually beneficial way. Until that day, this stock is anchored at the bottom of the pink sheet pool.
SMAA's stock price is grounded until the company resolves its $1.2M+ judgment.
https://s3.amazonaws.com/smaalliance/SMAA+Alliance+Judgement.pdf
The principles and their lackeys are in regular contact with my attorney and myself. Their problem is they're unable to break free from their bad habits.
SMAA is dead. The only chance of resuscitation is to clear the three (3) judgments against the company totaling more than $1.5M, bring the company current, install a competent and experienced management team, and release a "real" product or service. I've offered to do all of these things and allow the principles to retain a minority stake, and still they reject it. They would rather own a majority stake in a company with $0 market cap, versus 5% in a growing company.
Until they're ready to come to the table with a serious offer, they will continue to endure legal pressure, and SMAA's share price will most likely remain unchanged.
In order for SMAA to have any chance at revival, the company first needs to settle its $1.2M+ judgment with me. That debt is compounding on a monthly basis, and nobody will go near the company with a reverse merger, or stock purchase with that debt on the books. I can force liquidation through the Court of Chancery in Delaware at anytime. If the company wants to make a deal, they need to present me with favorable terms.
To be honest, I spend little to no time thinking about SMAA. However, I must continually post to this board in order to make any potential buyers aware of my $1M+ judgment against the company until they honestly report it.
If SMAA ever reports again, I'm curious to see if they will finally disclose my $1M+ court ordered judgment against the company.
http://s3.amazonaws.com/smaalliance/SMAA+Alliance+Judgement.pdf
Even their last reportings left it out, though the judgment had already come down. Not to mention the fact that at some point they claimed to be suing me, which was never the case. I think it was all done to hide the big liability from a potential buyer of the public shell for a reverse-merge.
Some inside baseball, Tony Baker agreed not to contest the judgement so he could be released from our personal suit against him and Tom Collins.
I have a lot more inside baseball, but that will come when the time is right. I could write a book about this company, it's dealings, and the people involved. The publisher would try and put it under fiction though because nobody would believe the outrageousness. Good thing I keep a journal.
That's absolutely false. I've publicly disclosed my identity for transparency purposes. I have nothing to do with the other users.
Why isn't the press release on Flaunt's website?
http://www.flauntvehicles.com/press-releases/
https://mobile.twitter.com/flauntvehicles
I'm still here. My attorneys are handling the collection efforts.
I only spoke the truth about SMAA, I was not bashing, and I certainly DID NOT buy or sell any shares.
Still moving forward with collection efforts.
For the record, I don't care where the stock price goes. Up or down, I'm unaffected since I don't own shares.
My motivation for posting on iHub is and always has been to (a) make the public aware of my judgment so they know what they're buying, and (b) let prospective buyers of the public shell know of my liability.
If the shell owner(s) want my liability off the books, they'll need to resolve the matter. Until then, our collection efforts will continue to move forward.
To the contrary, life is great.
So, how about those facts I asked you for, got any that contradict my story?
You can't sue a stock symbol (SMAA), only the company that trades under the symbol. I sued the company S.M.A. Alliance and won a $1M+ judgment that is compounding interest.
The company signed a purchase agreement to buy the Cars.net assets. The company breached that agreement, and I was left with a web application and assets nobody would touch because the company (SMAA) had made a public claim of ownership. You say it's worthless, well it is now because of what SMAA did. Before SMAA agreed to buy the Cars.net assets, I had dozens of offers from $50k well into six-figures. It wasn't worthless when SMAA agreed to buy it. That's why I won the case, because the company (SMAA) caused me significant damages. Whether there's new management, or old, it doesn't matter, the company is liable for its actions.
Those are the facts, and to claim that I somehow scammed SMAA is rediculous on its face. I owned assets that they wanted to buy. SMAA came to me, I didn't approach them. A court found that SMAA breached, that I was damaged, and I won the lawsuit as a result. Now I'm collecting.
Those are the facts. Do you have some facts that contradict any part of what I'm saying?
My attorney was in direct contact with SMAA's attorney(s) all throughout the lawsuit. When two parties are engaged in a lawsuit against each other, at the direction of the attorneys the actual parties very rarely communicate with each other directly. All communications must go through the attorneys. What's funny is that SMAA (THE COMPANY) had an opportunity to settle this case for around $200K, and when the time came to pay up, SMAA reneged on the deal.
As soon as the $1M judgment came down on my side, I did reach out to the current CEO via phone and LinkedIn and he has failed to respond. My guess is that he is just a puppet for the Bakers who own the shell through their preferred shares. As such, we're pursuing collection efforts.
My recent $1M judgment was against the company SMAA. We also had separate lawsuits against the prior management. We won our suit against the company. The individual suits are either ongoing or settled.
The current management was definitely aware of the lawsuit, as they had representation the entire time up until our judgment.
I've made no agreement with SMAA as a result of my $1M judgment against the company. I am not an employee of SMAA. My attorneys are moving forward with collection efforts.
Here are some more words...
$1M Judgment Against SMAA
No Cash On Hand
Levied Accounts
Cars, Video Games, and now Energy
No, actually it was SMAA's attorney.
SMAA was pretty intimidating when their 2nd attorney quit mid-lawsuit because he wasn't getting paid.