Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
The due diligence is easy here.
The filings are current and provide all of the actual facts. Like the proof of revenue, proof of intellectual property, proof that the company has distributors, proof that SIML manufactures the products in-house.
Stillwaugh is running the company. None of the management have any negative backgrounds. Stillwaugh is a strong experience leader. The SIML lawyer, Sharon Mitchell, and the Auditor, John Scrudato, support and stand behind the company and its management.
READ the 10-K ending March 31, 2016 you will see all of the notes from the previous company. READ the 8-K's and the 10-Q filed between March 10, 2016 (when SIML took over) and now. This information is public and is detailed regarding the debt that has been extinguished from the old company.
The facts are in the filings.
I fully support Bob Stillwaugh as the SIML Chairman,Co-Founder
SIML launching IBS product !!! GREAT NEWS!
Bob Stillwaugh and Gary Tilden have really done a stellar job here. Reporting revenues, new orders, keeping the filings current, cleaning up the debt, and now finally discussing the new product (IBS).
IBS is the Immersive Broadcast Studio for their existing distribution and customers..... brilliant idea...state of the art. This product will revolutionize the studios allowing the chief engineer access to the equipment from anywhere in the work. This new augmented/virtual reality (AVR) is really changing the planet.
READ THE FACTS IN THE FILINGS.
For a pennystock, SIML so far has been good to me. The old company and old management have been gone for 5 months. Anything in the past, in my opinion, is ancient history.
Simlatus Receives Purchase Order From Link Electronics
Chairman Will Announce New Immersive Technology Product
GRASS VALLEY, CA -- (Marketwired) -- 09/29/16 -- Simlatus Corporation (OTC PINK: SIML)
Simlatus is an audio/video commercial equipment revenue generating company; it develops, manufactures, markets and owns proprietary technology for the commercial broadcast and audio-video industries worldwide. Selling millions of dollars worth of equipment over the past 18 years to companies like CBS, NBC, ABC, FOX, ESPN and DirecTV, the Company is now entering the $150 Billion 'Immersive Technologies Device Industry,' with its new Immersive Broadcast Studio (IBS) to be introduced in late 2017, while at the same time introducing its new SyncPal to the 10,000 TV Studios with a potential $30M revenue stream in sales. SyncPal will be introduced the first quarter of 2017.
Chairman Bob Stillwaugh stated, "We received a purchase order this week from Link Electronics (LEI) to purchase our 16x1 Analog Video/Audio Routing Switchers. LEI has been purchasing our systems under their private-label 'LINK' for the past 15 years. Link Electronics was founded in 1989 on a principle of developing quality products at a competitive price for the broadcast industry. From the beginning LEI developed state of the art products for both audio and video applications."
Chairman Stillwaugh further stated, "The Company continues to receive purchase orders and will deliver more products this week for its other private-label, Ensemble Designs. As equally important, the company will be filing an 8-K in the next few weeks to announce a material event regarding the introduction of our newest product, Immersive Broadcast Studio, for the Immersive Technology markets. We plan to capitalize on strong relationships we have with our existing global distribution and with the major studios that are using our technology, in order to fast-track our sales of this product. The new technology will allow the studio engineers the availability to use our AVR Headset to virtually access the inside of their studio, and with our augmented software, control the Simlatus products from any where in the world. This will be a major break through for studios, mobile studio units and management which will improve studio quality controls."
The company auditor has completed the amended audit ending March 31, 2014 pursuant the request from the Securities and Exchange Commission. This audit will be filed and satisfy this matter.
SIML removed tons of debt!!!
If you look at the 10-K ending March 31, 2016 you will see all of the notes.
There are 3 8-K's, a 10-K and a 10-Q filed between March 10, 2016 (when SIML took over) and September 9, 2016 that are detailed in the notes that have been extinguished from the old company. If you do the math, the remaining notes are GW Holdings, ARC Capital and GHS Holdings. There are 2 new notes with Direct Capital for where SIML received $60K+ with non-toxic conversion features.
Like I've been telling you..... the facts are in the filings.
Great job SIML !!!
Good work NegativeZero....
I have also spoken with Bob Stillwaugh, and did my due diligence in the filings, website and internet. I am an investor in SIML and not the old company. The filings clearly demonstrate that the old company (Grid Petroleum) is 100% gone. No old management. No asset or debt left on the books. Just read the 8-K's !
I've spoken with only 3 of the SIML distributors who were kind enough to give me a positive reference on Stillwaugh and the products. I wanted to get a feel for the relationship SIML has with them before making an investment. I show that Bob Stillwaugh has 50 years in this business. He worked for the Grass Valley Group, now owned by Belden, and still in Grass Valley. He went on to co-found the ISIS Group, and he was instrumental in the design of all of their products. Some of the product IP was purchased when ISIS acquired Gramm Pattent Group. ISIS closed its doors in 2014 when Bob's other two partners passed away. He started RJM with Mike Schatz (a former employee of ISIS Group), and they sold the asset to SIML, and took over SIML. Bob has vision. He could see that there was value in the old products, relationships and new products to come.
The products they currently sell are old, but not obsolete. Apparently FiberGroup, Fox News and DirecTV still require them. SIML has upgraded most of their products to HD; and I know they have great relationships with the big studios and their long time distribution so they can launch the augmented/virtual products.
I'm just really happy to see some positive support for SIML. They've taken a beating on IHUB...for no reason.
SIML is the real deal !
I've done my due diligence and read the filings. Lawyer, Sharon Mitchell and the Auditor John Scrudato have also performed their due diligence with the SIML management team.
Bob Stillwaugh runs the company. Great guy. Call him directly at (530) 205-3437. I did. Smart guy.
If you call the management of the building in which SIML leases their space, they have 1900 sq ft of space. SIML is working with the Economic Resource Counsel, Jon Greggory, to take 4,000 sq ft in their new media hub building, according to my call with Jon Greggory a couple of months ago when I verified the PR.
There is no relationship between Simlatus and the Grass Valley Group after my conversation with Bob Stillwaugh a couple of months ago. Bob Stillwaugh was a founding partner of the ISIS Group after he purchased Gramm Patent. He started RJM & Associates and moved the assets into the new Simlatus.
www.grassvalley.com/about
The SIML distributors are all authentic and real. They sell SIML products, as well as many other products from other manufacturers.
Simlatus Receives Purchase Order From Private Label
SIML Completes Final Shipment for Fiber Group Order
GRASS VALLEY, CA -- (Marketwired) -- 08/26/16 -- Simlatus Corporation (OTC PINK: SIML) -- announces today that the final 20 Innovation 16x1Video/Relay Router units were shipped for Fiber Group, Inc. on August 16, 2016, while Ensemble Designs, Inc. gives Simlatus a new purchase order for a series of AMF-100-ENS units used for audio signal distribution for one of their customers.
Chairman and co-founder Bob Stillwaugh stated, "We are proud of the dedication and hard work by our professional staff, and as a result we completed this $50,000 order in a timely manner while continuing to provide quality product and personal service, as we have for a number of years." The completion of this order should prompt future orders of similar applications for commercial and government customers that require high-end video security in their facilities.
I called and spoke with Chairman Bob Stillwaugh.....
Have any of you ever tried to call the company and speak to management ?
You can call their direct line at 530-205-3437.
In regards to the matter concerning the 2014 10-K, Bob said its a small fix and that the old auditor (Uniack) and the new Auditor (Scrudato) are reviewing the 10-K before certifying it. Bob claims its a small fix since the old company (GRPR) had no revenue or substantial operations at the time. Uniack forgot to certify the audit, and needed to review it first.
That's all he said. Call him. Ask him.
Obviously the new management and the new company, Simlatus, was not a part of the accounting during 2014. Why such a panic here ????
Simlatus Announces Delivery of Fiber Group Order
-SIML Extinguishes another $70,671 in Convertible Debt-
Grass Valley, CA -- (Marketwired) – 07/26/2016 – Simlatus Corporation (OTC PINK: SIML) -- announces today that following the completion of the purchase order process in connection with the North Carolina based Fiber Group, Inc., Simlatus and its engineering staff have completed the building, testing and shipment of the first 20 Innovation 16x1 Video/Relay Router units. The units were shipped last week after Fiber Group’s client tested and approved several units for their performance specifications. The Simlatus product will be used for security surveillance in a major nuclear plant in the USA. The remaining 20 units are scheduled for delivery in about 15 – 20 days.
Chairman and co-founder Bob Stillwaugh stated, “I am very pleased to oversee the design, manufacturing, assembly and testing of all our products built for Fiber Group. I am equally proud of how this product has performed over the years, and give thanks to our stellar team of engineers, suppliers and management who made this a very smooth process for Fiber Group. Although our 55 different products are used today by NBC, ABC, CBS, FOX, ESPN, DirecTV and hundreds of other broadcast studios, the $50,000 order from Fiber Group opens new doors and new markets in commercial video surveillance, with the anticipation of future orders of similar applications in high-end video security for our commercial and government customers.”
Furthermore, CEO Gary B. Tilden stated, “Pursuant to an agreement entered into between Direct Capital Group and the Company, the Company returned assets held by the Company and relative to certain convertible debt between the Company and Direct Capital. In exchange for the return of the mining assets and oil exploration assets the Company held, Direct Capital Group agreed to extinguish several outstanding Notes it held against Grid Petroleum Corp. The elimination of those Notes was disclosed in a Form 8-K filed on May 20, 2016, of which the amount of $70,671 was inadvertently omitted. Effective as of July 25, 2016, the Company and Direct Capital agreed to cancel the debt settlement dated December 31, 2012 in the amount of $70,671.”
Gary Tilden further stated, “We are working on extinguishing even more convertible debt over the next few months, to prevent conversions and dilution. The company has been able to extinguish approximately $2M in debt since March 10, 2016 while increasing the assets of $6.25M in intellectual property, inventory and tooling. The company revenues pay for our operational costs, while we roll out the newest broadcast product ‘SyncPal’ and commence the new R&D on our Augmented/Virtual Reality product.”
Simlatus Corporation Reports New Sales
for Fox News Quartermaster Corps
The New SyncPal Scheduled for 2017 With Targeted $30M in Sales
GRASS VALLEY, CA -- (Marketwired) -- 06/10/16 -- Simlatus Corporation (OTC PINK: SIML) announces today that it has received new orders from their distributors, and is recruiting a new marketing manager to head-up the export division for the company.
Mike Schatz, Chief Operations Officer, stated, "We have received a sales order from our New York based distributor, Dale Pro Audio, to ship SoundPal power supplies to the Fox News Quartermaster Corps in New York. Fox News has been a steady customer of our product line and we continue to build relationships with our client based major broadcast networks. Further, our New Jersey based Distributor, Diversified Systems, Inc., has purchased our SoundPal systems for the New Jersey based DSI Video Systems. The SoundPal MSRP is $1,255 each."
The SoundPal is the DTG-1, and an economical source of a variety of audio test signals that are generated entirely in the digital domain and output in the AES/EBU format. It is used in the studio as a reference tone generator or on the bench as a troubleshooting tool. Rugged, compact, and capable of running off battery power, the DTG-1 is also ideal for portable applications. The DTG-1 has internal oscillators for both 44.1 and 48kHz sample rates, or it may be locked to an external reference. The DTG-1 has all the adjustments needed to make isolation of digital transmission problems simple and easy to find. Like all of the modules in the SoundPals™ line, the DTG-1 is housed in a compact, rugged aluminum enclosure.
Why would I know?
Here you go picking on me again. lol
I have no idea who RDON is, and I wasn't around at that time.
I'm just here watching the share price and volume.
Looking very nice here.
It's refreshing to see SIML doing well on all fronts.
The Chairman Stillwaugh is in charge.
http://www.differencebetween.net/business/difference-between-ceo-and-chairman/
Chairman Stillwaugh is moving SIML forward in the right direction, in my opinion. Tilden is instructed by the Chairman.
If you are new here, read the filings and disclosure. Prior to the last reverse split the company was no-bid/.0001. The volume was insignificant.
Why anyone invested in the old company is beyond my comprehension. It was an oil & gas deal with no revenue, no management and questionable assets.
Today, the new company is Simlatus. www.simlatus.com
Very sexy deal!
Bob Stillwaugh is a strong experienced Chairman
I'm not expecting you to believe me. I am only encouraging you to read the filings and the facts. SIML is demonstrating a positive direction for success.
I am not concerned with Mr. Sand's whereabouts. I am only concerned that Simlatus keep the revenues flowing and supports the market with updated filings and disclosure in order for me to understand the status of my investment.
Chairman Bob Stillwaugh moves SIML full steam ahead!
In my opinion, all of the management of SIML have strong experience in pushing their revenues up and new products into the market.
Looks like there is positive interest as the PPS moves back up!
This is a pennystock that already has revenue, products, new products on the way and experienced managment.
READ THE FILINGS....... ITS ALL THERE !!!!!
Looks like revenue on the 10Q!
Hope to see this on the QB soon !
Is there an echo in the room ?
I support Tilden, SIML and its products. Good buy for me !
You keep harping on this Sand guy. Who cares ??? Old news. Like Martha Stewart..... or Clinton...the come back kid!
Give it a rest.
Most of the debt has been extinguished.
The 10Q ending June 30-2016 is due on Monday. My guess is that there is still $1M in notes remaining from the original $2.5M.
Most of these pennystocks need debt to attract financing. We should encourage SIML to revise the conversion features on the remaining notes. I applaud SIML management for converting out some of the debt at .0004/.0005, and extinguishing (cancelling $2M in the Direct Capital notes). But it wasn't enough if they want to reduce dilution during fund raising for the R&D.
You boys have a good weekend.
Who's praising anyone here ?
I'm not praising Tilden. Just providing the facts.
Is my due diligence not allowed here ?
You call us blind & ignorant ?
That isn't nice to say to others.
SyncPal is next.
SIML Key points:
They have revenue.
They manufacture in the USA and build over 50 products. (Not a one product company)
Chairman Stillwaugh brings strong management and experience.
They have distribution to cover the Globe.
They recognize the need to enter into new markets (virtual/augmented reality) to sustain growth since their existing products are niche and commercial.
The filings are up to date and shareholders kept informed.
They have a manufacturing facility, inventory, vendors, suppliers, consultants and staff.
Good idea.
This way you get your $50 back. :)
Speak for yourself. Good point.
Why keep picking on me ? I'm supportive of the facts in the filings, and not anything else.
SIML has turned around GRPR since March. In 5 months. What would you have done ?
More absurdity.
What is a mogul ? Mo Gal wants to know.
So you are looking for a blue chip stock here in penny land ?
Another good point.
If you look at Bill Gates, he did very well with just a high school diploma. Same with Steve Jobs.
A degree does not define the man.
Again, I've done my due diligence on Tilden. He is the man for this job !
He has my full support.
Good point.
I spoke with Tilden as a part of my due diligence. Call the 800 line and leave your name and number. He's very friendly. Very honest and extremely experienced.
He not only builds furniture as a hobby and for fun, he is a licensed insurance agent and works locally with Farmers Insurance Group to insure properties.
I know I enjoy needle point in my spare time, and I also help my Mom with her online baking business. I have a full time job, and still find time to play the stock market.
Oh...another thing. Tilden has been married to his wife Donna now for 35 years. She teaches grade school. His 4 children are all grown and all professionals in the teaching or legal field. He build several successful manufacturing businesses.
Tilden is honest and very talented. He even mentioned that he is related to Samuel Jones Tilden (February 9, 1814 – August 4, 1886) who was the 25th Governor of New York and the Democratic candidate for the U.S. Presidency in the disputed election of 1876
Tilden has a strong background.
I trust him to do a good job with SIML.
Gary Tilden : Mr. Tilden has 35 years of experience building and operating private and public companies. His area of expertise is executive management. He has served on the Board of Directors for several Public Companies where he provided expertise in working with the SEC, OTC Markets & other critical areas within the public side of management. He operated his own businesses for 20 years, designing and manufacturing products for the home building industry; and has several certifications in various fabrications. Gary has owned an automated machinery sales representative business since 1993, working with upper level management and the owners of many of the largest manufacturers in the United States. He has assisted with the implementation of various cutting edge automation assembly systems. Mr. Tilden has spent most of his career in southern California where he has attended California based Orange Coast College and Santa Ana College to study Business Management, Business Law and Accounting.
Although he tried to cleanup Ingen Technologies (IGNT) he didn't dilute or create the mess in the first place. SAND was CEO from 2004-2011. In regards to HIHI, Tilden was a Director for only 4 months and he resigned.
Nistel, it has been duly noted. LOL
I've been warned by you several times here. I read everything you post, and find most of it being absurd statements of doom and gloom.
This fascination with detective work on people is interesting, but really unnecessary. I buy Martha Stuart brands, despite her problems with the SEC. I also understand that CEO's in general are targets as well as risk takers. Any officer in penny-land would need thick skin, and I suppose none of us can throw stones. This is why I discount most of what you say. It plays a small role, unless there is a blatant violation here in the filings and disclosure. SAND has an O/D Bar and PennyStock Bar, but he can also be employed anywhere he likes. Who cares ? He is obviously not behind any curtain here. I can't imagine lawyers, auditors and the current officers putting their career on the line for one person.
I'm interested in this stock because unlike most Penny-Stocks, this one has revenue, IP, management, legal and auditing credibility with new products on the way. If the revenues jump up, so will my investment. The chances, in my opinion, that revenues increase are based upon the Chairman Bob Stillwaugh and his ability to make revenues jump on the new products, using their current distribution channels and customer base. Bob built the distribution and attracted ABC, NBC, CBS, ESPN, FOX etc.... they respect him and he has a tremendous amount of credibility in the industry. You can't change this no matter what you say !
I see no point joining in on the negative rant here, as it does nothing good in the way of supporting the company or stock price.
I disagree that there is some other form of DD that you consider, other than what is in the SEC filings, Google and news. There must be millions of convicted felons working for private and public companies. This doesn't make the company bad, nor does it mean anything for SIML.
Kenny, good read.
I'm not sure why you want to drill this information into my head. I go by the filings and facts in the disclosure.
I just purchased new window treatments for my condo at Home depot. It was the Martha Stuart brand. A very good brand despite her criminal background and securities fraud charges from years ago.
So Donna is Sand's girl friend. So what ? Who cares ?
Fiber Group didn't care when they wrote a check to SIML for $50K to purchase products.
Fox News didn't care either when they just purchased product from SIML.
Why are you so fascinated with the Sand character ? I just am not in his fan club!
Why pick on me ?
I'm only going by the facts in the filings and disclosure.
I've researched the officers and directors, the lawyer and auditor. They are all clean. No criminal records, no history at all regarding any SEC or FINRA problems. Not even this Donna Murtaugh person. She comes up as a Nurse Practitioner with an impressive education! Thomas Jefferson University, Philadelphia, PA MSN, Adult Health Nurse Practitioner, 2007; University of Pennsylvania – Wharton School of Business, Philadelphia, PA; ABA, Business Administration, 1999; Widener University, Chester, PA
Hard to believe that everyone running this company would ever put their credentials and reputations on the line for this SAND guy !
SIML has facilities, operations, manufacturing. I'm sure that FINRA or SEC has already verified all of the basics of SIML !
You guys keep creating doubts in my mind ! Drives me crazy ! LOL
Hey guys. Gotta get back to work.
I actually have another job to attend too.
OK.
It is still an absurd theory. This Sand guy is controlling the world. LOL
I hear you regarding that the stock pre-reverse was no bid/ .0001 and today the shareholders have lost 85% of their investment.
At no bid/.0001 there were no market makers. SIML was being hit with toxic conversions by LG Capital, Direct Capital, and Southridge. Read the 10-K and the note holders.
Today they have market makers, a plan and have removed the toxic players off the cap table.
How can you compare GRPR and its management with SIML and the new management.
ok.
How can one guy be behind any curtain. What lawyer, and management would subject themselves to such a disaster. The filings here are crystal clear.
What is with all of the paranoia with this Sand guy ??? Your theory is absurd.
Hard to disagree with you.
There were only 23 shareholders pre-reverse. MARKET CAP was $450,000 post reverse. It's now only $67,000.
The only difference I see here is that there is an entirely different company, regardless of Tilden sitting as CEO. It's been 8 days since the reverse. Pre-reverse had $3M in convertible notes. Post reverse has $1M. The revenues seem to be paying the company bills, so there is no emergency to close funding month after month. The company went public to infuse capital into solid product R&D. Looks like the Chairman, Sillwaugh, has the track record to make sales and build new products.
Is it better to support what SIML is doing to protect our investment, or is it better to brow beat SIML continuously ?
FACTS ON SHARE BUY-BACK
http://www.investopedia.com/articles/02/041702.asp
Typically, buybacks are carried out in one of two ways:
1. Tender Offer
Shareholders may be presented with a tender offer by the company to submit, or tender, a portion or all of their shares within a certain time frame. The tender offer will stipulate both the number of shares the company is looking to repurchase and the price range they are willing to pay (almost always at a premium to the market price). When investors take up the offer, they will state the number of shares they want to tender along with the price they are willing to accept. Once the company has received all of the offers, it will find the right mix to buy the shares at the lowest cost.
2. Open Market
The second alternative a company has is to buy shares on the open market, just like an individual investor would, at the market price. It is important to note, however, that when a company announces a buyback it is usually perceived by the market as a positive thing, which often causes the share price to shoot up .
Now let's look at why a company would initiate such a plan.
The Motives
If you ask a firm's management, they'll likely tell you that a buyback is the best use of capital at a particular time. After all, the goal of a firm's management is to maximize return for shareholders and a buyback generally increases shareholder value. The prototypical line in a buyback press release is "we don't see any better investment than in ourselves." Although this can sometimes be the case, this statement is not always true.
Nevertheless, there are still sound motives that drive companies to repurchase shares. For example, management may feel the market has discounted its share price too steeply. A stock price can be pummeled by the market for many reasons like weaker-than-expected earnings results, an accounting scandal or just a poor overall economic climate. Thus, when a company spends millions of dollars buying up its own shares, it says management believes that the market has gone too far in discounting the shares - a positive sign.
Read more: A Breakdown Of Stock Buybacks | Investopedia http://www.investopedia.com/articles/02/041702.asp#ixzz4GOD1er9G
Follow us: Investopedia on Facebook
Why is my name brought up here ?
So that I am on topic, you bring up my name and accuse me of sugar-coating Tilden.
I can only state the facts based upon filings and disclosure. READ THE FILINGS !
So let's go back to pre-Tilden days when Ed Aruda was CEO, the stock was at no bid/.0001. No sales. No activity. No products. Fake assets.
You liked it here better? Please tell me why ?
SIML REAL REVENUE....REAL DEAL....
READ THE FACTS....READ THE FILINGS
www.simlatus.com
$50,000 Purchase order from Fiber Group, Inc.
Many other purchase orders, and expected future growth
Call the company directly. www.simlatus.com
Bob Stillwaugh is the Chairman. Great business history !!!!!
Sharon Mitchell is the attorney. Great legal history !!!!!!
Current with their filings. Real News !!!!
18 years of revenue history with existing products. New products coming out, like SyncPal.
READ THE FACTS !!!!
SIML FACTS. MUST READ
RJM and Associates, LLC is a California limited liability corporation formed in July 2014. The principals, Bob Stillwaugh and Mike Schatz were former founders of the previous corporation, ISIS Group, Inc.. The assets of ISIS Group Inc. were acquired by Mike Schatz and Bob Stillwaugh. They formed RJM and Associates and continued selling product from July-2014 through March 10, 2016. RJM and Assocaites LLC was recently dissolved. You can find all of this on the website for the Secretary of State of California.
On March 9, 2016 GRPR (Grid Petroleum...now SIML) purchased the assets of RJM for $6.25M in an Asset Purchase Agreement pursuant the 8K filed on March 10, 2016.
The asset purchase agreement disclosed that the $6.25M used to purchase the RJM asset would be issued using $1.25M in Preferred Series-A, and $5M in restricted common stock.
Today the company filed an 8K disclosing an amendment to the Asset Purchase Agreement so that instead of issuing $5M at $.00001 (500B shares), the parties can convert small amounts of $1.5M at the closing price 15 days prior to conversion. So, essentially, they can convert $1.5M at $.011 or 136M restricted common shares, if you do the math.
These shares would be restricted, and once available for trading they are owned by affiliates which force the 1% rule.
READ THE FACTS IN THE FILINGS.
SIML Products Celebrate 18 Years....
....... in the Broadcast Market
READ THE FACTS!!!!!!!!!!!
GRASS VALLEY, CA -- (Marketwired) -- 05/27/16 -- Simlatus Corporation (OTC PINK: SIML) announces today that its broadcast products have been sold over the past 18 years by over 50 distributors and purchased by major broadcast giants such as CBS, NBC, ABC, FOX, ESPN and DirecTV.
Bob Stillwaugh, Chairman, stated, "We have a strong management team guiding the core business and manufacturing of our broadcast products for the growing broadcast industry. Our footprint is recognized by all of the major broadcast studios worldwide. We have loyal distributors and over 50 products to meet their needs in broadcasting. I have had a very successful 40-year history in television station operations and management, plus project design and implementation, serving 24 of those years with the widely known Grass Valley Group (Now a division of the St. Louis-based Belden Inc), a widely known brand in the industry, in Northern California's Tech Arena. I specialized in engineering development / systems engineering and managed the customs products group. I designed and built the products that Simlatus is selling today, and my reputation stands behind each product we build."
Mr. Stillwaugh further stated, "We have a strong and experienced legal team with Sharon Mitchell as our General Council with SD Mitchell & Associates, PLC, a Member of the State Bar of Michigan, and in good standing with FINRA and the SEC. She also stands behind our company, our management and our employees. The company receives purchase orders, and provides quotes to all of our distributors on a frequent basis, most recently a $50,000 order that we are fulfilling for Fiber Group Inc. for one of their government clients. We are launching several new products in the months to come, such as our new SyncPal, and products in the digital media world of augmented reality and virtual reality. These new products will provide increased revenues for Simlatus. We encourage all of our shareholders to attend the Annual Shareholder Meeting on June 15, 2016. We will give a tour of our facility, and discuss the future growth of this company. Regardless, the new revenues, intellectual property, and new products will support the stock price and equity now and in the future."
SIML GOOD POSITION. MUST READ!
Let's paint the picture of facts from the filings of SIML:
March 10, 2016: GRPR hands over the reigns to SIML Management via 8K. $6.25M in new assets. Revenues, multi-product line, global and seasoned distribution. Distributors all have websites and strong history of positive business. SIML has major customers using products that include major broadcast studios (CBS, NBC, ABC, FOX, ESPN, DirectTV.)
Between March 10, 2016-Now: Company reduced toxic debt by $2M+, returned the old asset held by the previous company,replaced old management, and is essentially an entirely new company with real assets and revenue.
The 8K's, 10-K Ending 3/31/2016 and the 10-Q being prepared for the quarter ending 6/30/2016 will speak the facts.
READ THE FACTS!
Simlatus Announces Delivery of Fiber Group Order
I like what I see here!
http://finance.yahoo.com/news/simlatus-announces-delivery-fiber-group-123000106.html
GRASS VALLEY, CA--(Marketwired - Jul 26, 2016) - Simlatus Corporation ( OTC PINK : SIML ) -- announces today that following the completion of the purchase order process in connection with the North Carolina based Fiber Group, Inc., Simlatus and its engineering staff have completed the building, testing and shipment of the first 20 Innovation 16x1 Video/Relay Router units. The units were shipped last week after Fiber Group's client tested and approved several units for their performance specifications. The Simlatus product will be used for security surveillance in a major nuclear plant in the USA. The remaining 20 units are scheduled for delivery in about 15 - 20 days.