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Scamlatus isn't a COMPLETE scam. A COMPLETE scam would include an end game that would allow the scamsters to cash out. At this point, there ain't nothing on which to cash out.
The 2018 National Association of Broadcasters (NAB) show is currently under way in Las Vegas. This show is attended by more than 100k broadcasters and media professionals from all over the world. Representatives from all of the companies in Scamlatus' customer list attend this show.
I just checked, and Scamlatus is NOT on this year's exhibitor list:
https://nab18.mapyourshow.com/7_0/alphalist.cfm?endrow=200&alpha=S&CFID=25037766&CFTOKEN=c73ebf2ef8031bff-F95E655A-EDE5-CD67-C0BBD8F1229D9BA4
That means one (or both) of two things:
a) They have no new products to show.
b) They can't afford to attend the show.
If they're not at NAB, that's a good sign that they're out of business.
In the inimitable words of Forrest Gump, "BS is as BS does." SIML.
Question: What's the difference between SyncPal and the Loch Ness Monster?
Answer: Some people have actually SEEN the Loch Ness Monster.
Yep. Any more positive "news" about this piss poor excuse for a stock is slim to none. It would appear that the Scamlauts Scamsters have flown the coop, and they are no longer interested in weaving more of the tall tales of new products, new orders, and astronomical profits that they've spun over the past year or two.
Dinero, the only "run" we're likely to see in connection with Scamlatus is when the crooks involved in this pathetic excuse of a company RUN for the hills when the authorities descend on them to throw them all in jail. Is that the "BIG news" you're talking about???
MrDinero, when I saw the words "awesome oscillator" in the link contained your post, with eager anticipation, I clicked on the link. I expected to see an announcement by Scamlatus that their "new business direction" you have been touting is the introduction of a "revolutionary" new product or technology by the company, akin to SyncPal or Immersive Broadcast Technology (IBS).
As a professional Electrical Engineer, I am intimately familiar with what an oscillator is. Since I've never even heard the term "awesome oscillator," I was compelled to click on the link, if for no other reason than to be enlightened as to what that invented term means. Imagine my disappointment when I learned that the term refers to a esoteric mathematical tool that is supposed to predict the likelihood that a particular stock has the potential to make a prospective investor rich.
Sorry, MrDinero, before I would even consider making financial decisions based on a half-baked, faux analytical tool like Bill Williams' "awesome oscillator" metric, the company that is the object of the analysis would first have to: a) be run by reputable businessmen, b) have a solid track record of delivering on their promises, and c) in general, pass both a sanity check and a smell test. Scamlatus fails all three of those tests.
Rather than pissing money away on Scamlatus shares, I would stand a far better chance of making a few shekels by walking into a casino, parking my ass at a blackjack table, and counting cards and betting heavily until I'm caught.
Have a nice day, and good luck with your approach to making money trading Scamlatus shares.
BTW, I'm anxiously awaiting CEO Bob Stillwaugh's appearance on Jump Television. It's supposed to happen this week.
Waddaya mean "make SIML GREAT again???" This P.O.S. was never "GREAT." Hell, it was never even mediocre. Time has taken its toll on this turkey. This unfortunate scam has run its course. It's time to move on and admit that y'all have been had, and that Sand and Tilden are off plotting their next crooked scheme.
Steve, IMO, Tilden is maintaining his role as a consultant so that he can collect some of the "consulting fees" owed to him IF this turkey ever gets its act together. Ditto for Donna Murtaugh (aka Mrs. Scott Sand).
IMO, Stillwaugh and Schatz are a couple of fairly decent guys who were trying to make RJM and Associates - borne out of the ashes of the bankrupt ISIS Group - a success. Along come Tilden and Sand with a deal to help Stillwaugh and Schatz realize their dream.
Unfortunately, Stillwaugh and Schatz have failed to recognize that Tilden and Sand had no intention of helping them. All they needed was a "shell" company that they could use to perpetrate their scam(s).
Well, the scam(s) didn't work out as planned, so Tilden and Sand flew the coop, leaving Stillwaugh and Schatz holding the bag. Neither Bob nor Mike are experienced businessmen, let alone sophisticated scamsters, so they're pretty much dead in the water. There's no way they're going to find their way out of the predicament they're in.
SIML is done. Stick a fork in it and move on.
SIML seems to have bet the farm on SyncPal. According to their PRs, SyncPal is a unique product, it has undergone successful beta testing by an (unnamed) high profile SoCal based customer, and there are hundreds of thousands of dollars worth of pending orders for the product.
If all of this is true, why hasn't SIML released additional information about the product (a Photoshopped image of the smartphone ap would be nice), details of the claimed "successful" beta test, and details of the virtual tidal wave of orders they have received for the product.
I'll tell you why. SIML is a shell of a company with a dying product line that is more than 10 years old, no cash, a dwindling customer base... and SyncPal is at best a "me-too" product that will fall far short of the millions of dollars in revenue that the company has projected in its PRs.
It's time to stick a fork into this POS. It's DONE.
Nistel, I apologize and stand corrected. When I used the term "you guys," I was generalizing. You, and a few others on this board, like shajandr, Civicbird, kennypooh, and stockmasterflash appear to have been wise to this scam from the get-go. Unfortunately, in the land of the pinkies, it would appear that all it takes is a few misinformed/misguided/deliberately deceptive pumpers to make a POS like SIML look like a truffle.
BTW, while I'm offering up apologies, I would be remiss if I failed to tip my hat to dcsteve for his recent awakening to the unmitigated scam that is Simlatus. Welcome to the real world, steve.
I invest in stocks. Real stocks issued by REAL companies. I've never invested in pink sheet stocks, and based on what I've seen and read on this board, I never will. You guys love to kibitz and debate about share prices, share structure, and press releases, but you don't seem to be interested at all in engaging in critical discussion about important stuff like the company, its people, or its products.
The Company. SIML is the shell of a failed, lackluster company (RJM and Associates, and before that, the ISIS Group) that barely survived on the revenue generated by a portfolio of 10-15 year old products. The only real value of the company is the fact that it served as a perfect host for a couple of shysters like Scott Sand and Gary Tilden to inhabit and use as a shell to perpetrate their latest scam.
The People. Bob Stillwaugh and Mike Schatz are a couple of roll-up-their-sleeves, get-the-job-done kind of guys. But evidence suggests that neither of them are businessmen. After they suffered through the indignity of presiding over the ISIS bankruptcy, all they wanted to do was keep the dream alive. So they started RJM and Associates. They had some engineering and manufacturing know-how, but no money, no new products, and no "story" to tell prospective customers. And they sure as hell didn't have the business acumen to create and drive a new startup.
The Products. They also had a product line, which to be extremely charitable, was a bit long in the tooth. Along come Sand and Tilden, carnival barkers extraordinaire. Thus was born the idea, let's invent a "new" product that's in really an extension of a 10 year+ old product line (Soundpals). We'll call it "SyncPal." And to make it sound and look really cool, we'll say that it can be controlled by a (drumroll please) smartphone ap, and we'll say that it is the first in a series of (tympani roll please) "AR/VR Based Immersive Broadcast Products."
If "SyncPal" is such a hot shit product, why haven't we seen screen shots (even mocked-up ones) of the smartphone ap that's supposed to control it? Why haven't we seen pictures of the product itself other than the lame-ass photoshop image that's on the SIML website? Why haven't we heard more details about the much-touted "beta test" that was conducted by a "major" SoCal customer?
I'll tell you why. SyncPal is a me-too product that doesn't do anything better than or different from a bunch of other products that are currently on the market and that have been on the market for 10 years or more. SyncPal is, plain and simple, a McGuffin. If You don't know what a McGuffin is, look it up.
You guys call yourself investors. You're not investors, you're gamblers. And the dice have just rolled have come up snake eyes.
Go to Vegas - or Reno. Go to the roulette table and bet a shitload of money on double zero. You'll do far better than sticking with SIML.
In your dreams, dcsteve, this POS will never be a big f'ing deal. Keep on pumpin' Dude...
shajandr, I share your belief that SIML is a scam of the worst sort, and that their "office" at 175 Joerschke is primarily a place where Stillwaugh and Schatz hang their hats and not much else. However, having said that, I don't believe the Ford van has anything to do with Simlatus, or with RJM and Associates, for that matter. Here's why:
On one of the photos you recently took, the initials A.C.S. are written on the side of one of the ladders. If you do a Google search on "acs, grass valley, ca" the first hit in the list is a company called Absolute Communications Solutions, whose offices happen to be located at 175 Joerschke, Suite S. A.C.S. is a telecommunications contractor that installs telephone systems and computer networks.
No smoking gun here, but if all of us who believe SIML is a scam continue to do DD, the truth will be revealed.
dcsteve, even though you cite the "legal 8-K" filing in reference to the $6M+ valuation of the inventory and IP purchased from RJM by Grid Petroleum, I've never seen a breakdown of the composition of the valuation of those assets. Can you point me to any document that provides that information?
I'm having a hard time imagining how a NEWLY FORMED company (RJM & Associates) that was created from the bones of an OLD BANKRUPT company (the ISIS Group) could be worth that much. Especially when one considers that the majority of the ISIS products are based on designs that are at least 10 years old.
Inquiring minds would like to know.
Bob Stillwaugh is quite possibly a competent engineer, but he isn't much of a businessman. He's in the twilight of his career, and, having reluctantly presided over the demise of the ISIS Group, it isn't surprising that he's trying - desperately - to prove that he still has the chops to make his company a success.
Along come Sand and Tilden, and not unlike the giant in the Jack and the Beanstalk fable, they convince Stillwaugh that THEY know how to "make it happen" for him and his company.
Sorry, Bob. Sand and Tilden are charletons and crooks of the worst sort. You've been had, and they've left you holding the bag.
IMO, Stillwaugh and Schatz are a couple of decent guys who are in the twilight of their careers, and they are doing their best to make a buck or two before they cash in their chips. Along come Sand and Tilden, who propose a deal to them that seems too good to be true. Stillwaugh and Schatz are so desperate to make a few bucks that they both say, WTF, let's go for it. Unfortunately, they have no idea that their "partners" are career criminals who have run the same scam over, and over, and over again.
If you invest in this company, you are guilty of being part of a SCAM perpetrated by Scott Sands and Gary Tilden, two unrepentent career criminals.
Delay resolution of a tenth of a frame isn't necessary. Lip sync errors of less than a couple of frames aren't noticeable.
The whole notion of "control via a smartphone ap" is a non-starter, since most broadcasters prefer to have their mission-critical technical equipment connected to a secure, hardwired network. Most, if not all of the equipment manufactured by the companies I mentioned in my post of last month is controlled in that manner.
If "smartphone control" is such a frigging good idea, why haven't other manufacturers of professional broadcast equipment already offered it on their mission-critical products? If "smartphone control" of SyncPal is real and such a big deal, why hasn't Scamlatus plastered screenshots of the SyncPal smartphone ap all over their website? The only reason Scamlatus is touting smartphone control is that, in the minds of the clueless d-bags who write their PR, smartphone control is cool, hip, and a key feature of their yet-to-be-defined "Immersive Broadcast Solution."
OK, if you include those hapless fools in the sample, they'll succeed in selling their product and/or worthless stock to at least 12 people in the entire fricking world.
They are going to capture 100% of a market that is comprised of customers who a) know the meaning of the word "sync," as in "lip sync," b) who haven't already solved their lip sync problems, c) who actually give a rip about lip sync, and d) who can spell S-I-M-L-A-T-U-S correctly on the first try. In other words, about 10 clueless people in the entire fricking world.
Bob Stillwaugh strikes me as a decent guy who has spent his entire career dedicated to the TV business - a business whose mindset has remained stagnant for years.
From the consumer's perspective, broadcast television has changed dramatically over the past couple of decades. It is no longer the predominant method of delivering entertainment to the masses. As such, the "TV business" has become a fertile ground for scam artists like Scott Sand and Gary Tilden to peddle their snake oil.
"AR/VR" and the "Immersive Broadcast System" are the modern day equivalent of the magic beans that an unscrupulous giant tried to peddle to a poor young farm boy in the fable "Jack and the Beanstalk."
News Flash, everybody. There ain't no "magic beans" that will save the current TV broadcast industry. True salvation will only come when the industry adapts and adjusts to the changing landscape of how consumers consume media.
It's my sincere hope that Bob Stillwaugh - decent guy that I believe he is - will wake up soon and realize that Sand and Tilden, like the unscrupulous giant in the "Jack and the Beanstalk" fable, don't give a rip about either his interests or those of the company's customers or investors.
If he doesn't do that, he - and his company - are doomed to failure.
My BS meter pinned when I read the following line in the latest PR from Scamlatus:
"The SYNCPAL is the first of its kind for the commercial broadcast industry"
If you believe this, you probably also believe in the Tooth Fairy. The video/audio lip sync problem has been an issue for as long as the TV industry has been digital -- at least a decade or more. Not surprisingly, many established companies have introduced products that address this problem.
Do yourself a favor and spend a few minutes doing some Due Diligence on the subject. Do a Google search on "embedded audio delay adjustment," and you'll quickly discover that there are a shitload of established companies who sell products that address this issue with products that have been on the market for many years. To wit:
Cobalt Digital
Crystal Vision
Ensemble Designs
Evertz
Snell&Willcox
... and many, many more
These are all reputable companies with pedigrees that are far more reputable than that of Scamlatus.
A serious question about the "successful" beta test of SyncPal. Broadcasters require - and in fact DEMAND - a high level of security in the management and control of all of the equipment in their facilities. What effort, if any, has Simlatus put into preventing a customer's competitor or a disgruntled employee from wreaking havoc by taking control over SyncPal - or any other piece of equipment that is capable of being controlled by a smart phone ap?
I know quite a few people in the broadcast business, and I can't imagine any of them being too happy about the prospect of unauthorized individuals being able to screw around with lip sync or any other parameter that affects the quality of their transmitted signal.
IMO, smart phone control of SyncPal was not so much a feature that customers requested as it was a trendy/cool/hip feature that the Simlatus scamsters figured would appeal to the hapless, know-nothing suckers from whom said scamsters would like to separate from their hard-earned dollars.
Tilden comes across as an ignorant fool. He is barely able to read the words in his written script, let alone convince even the most gullible listener that he knows what he is talking about. If you invest money is this shady outfit, you deserve whatever you get.
Uptick Newswire is a pay-to-play PR outfit that caters to penny stock companies. SIML gave them 600,000 shares to provide favorable PR for the company.
From page 26 of the SIML 10-Q for the period ending Dec 31, 2016:
"On November 22, 2016, pursuant to the Investor Relations Agreement dated November 22, 2016, the Company issued 600,000 shares of common stock to Uptick Newswire, LLC at $0.0025 per share."
$30M!!?? In your dreams, sock puppet!!!
Major? MAJOR??? You've got to be kidding!
ChecheCole, since you're apparently new to this board, let me give you a brief history lesson.
Simlatus has been talking about SyncPal, its "groundbreaking" new product, for nearly a year.
SyncPal isn't groundbreaking at all. Hell, it isn't even new. SyncPal is a line extension of a 20-year old product line called SoundPals.
The Soundpals product line was launched in 1997 by Graham-Patten systems: http://www.trademarkia.com/soundpals-75256661.html
In 2004, Graham-Patten went tits-up and The Isis Group bought the company and all of its intellectual property (including the Soundpals product line) for pennies on the dollar: http://www.tvtechnology.com/news/0086/isis-group-purchases-graham-patten-systems/254970
In 2007, the Isis Group introduced a new Soundpals product, the ADLY-4: http://cdn-docs.av-iq.com/other/ACF3BC.pdf This product performs substantially the same functions that SyncPal does, except it works with digital audio that is separate from its associated digital video.
The Isis Group declared bankruptcy in 2014, and shortly thereafter, a startup company, RJM and Associates, resumed manufacturing some of the products (including Soundpals) that had previously been offered by the Isis Group.
RJM and Associates was acquired by Grid Petroleum in 2016, and the company was renamed Simlatus.
SyncPal is essentially a Soundpals ADLY-4 with additional circuitry that separates the digital audio from its associated digital video so that the audio can be delayed while the video remains undelayed.
If you compare the front panel of the SyncPal product, as shown in the SyncPal data sheet that is on the Simlatus website: http://simlatus.com/product/syncpal/ it is almost identical to the front panel of the ADLY-4 that is shown in the above-referenced ADLY-4 data sheet.
The bottom line: SyncPal is NOT a groundbreaking new product. At best, it's old wine in a new bottle.
First of all, Uptick is a pure "pay to play" operation. They wouldn't give SIML the time of day if SIML wasn't paying them for the PR they're getting. And frankly, if I were signing the checks, I'd have serious reservations about paying Uptick a dime for the quality of the PR they are providing.
Second, there are damn few, in fact ZERO companies, in the video business who have achieved annual revenue levels in excess of a few hundred million dollars. So the notion that a bush-league operation like SIML is going to become a BILLION dollar company is fanciful notion of the highest order.
Finally, the whole AR/VR thing, IF it becomes "the next big thing," will rely primarily on sales of consumer products. SIML has neither the know how, the financial resources, the brand recognition, nor the sales distribution to address the consumer market.
Get a life, people. SIML is a scam enterprise, plain and simple.
Tilden predicts an ultra-bright future for SIML. In his latest appearance on that highly respected source of factual news reporting on the OTC markets, Uptick Newswire, Gary Tilden predicts SIML will achieve $1B in revenues and a listing on the New York Stock Exchange within the next 24 months.
Big hat tip to stockmasterflash for his comment on Adam Tracy, Esq., scumbag extraordinaire. If you google the dude's name, you'll uncover a whole bunch of dicey shit, like this, for instance:
https://www.securitieslawyer101.com/2016/adam-tracy-attorney-custodianship-shell-companies/
SIML isn't merely a den of thieves, it's a den of deadly vipers...
Run, don't walk, away from SIML!
Many thanks to whomever posted the notice about Scott Sand's criminal record as part of the header that precedes these posts. It's good to be reminded of the background of the shady character who is behind the SIML scam.
Big Poppa Pump: The "story," the "story"??? Are you BRAIN DEAD? You mean the "fairy tale," don't you??? Get real, Dude...
These D-Bags are scamsters, plain and simple! Sand and Tilden are common crooks.
Civicbird, Tilden's latest appearance on Uptick Newswire is BEYOND laughable. It's obvious that he's reading from a carefully scripted set of talking points about a technology, customers, and a business that he knows absolutely nothing about. If you enjoyed his Feb 1 Uptick performance, you need to check out the one that he did on Jan 25:
Dude, I know what "VR" is, but WTF is "OR." Perhaps you mean "AR." And regardless of what you mean, I doubt that SIML has the engineering talent, brand recognition, and market reach to have any impact whatsoever on these so-called "emerging" markets.
BTW, the last "Big Thing" in emerging markets was 3DTV, and I heard today (announced at CES) that all the biggies in the consumer TV biz have indicated that they are abandoning 3DTV to pursue UHD-TV, aka "4K." Gotta wonder how long the "VR/AR" buzz will last.
Did Sand, Tilden, and the hapless schmucks at RJM&A hitch their fortunes to a falling star?
As P.T. Barnum once said, "There's a sucker born every minute." According to Wikipedia:
According to David W. Maurer, writing in The Big Con (1940),there was a similar saying amongst con men: "There's a mark born every minute, and one to trim 'em and one to knock 'em." Here "trim" means to steal from, and "knock" means to persuade away from a scam. The meaning is that there is no shortage of new victims, nor of con men, nor of honest men.
To me, Maurer was describing the folks on this board to a "T."
The dumb asses who believe all the hoopla about the vaunted "beta test" of SyncPal amaze me. SyncPal is a product line extension of a 20 year old product line that has been sold by Graham-Patten/Isis/RJM&Associates. There are many other products that have been available for years from other established, more reputable manufacturers that perform the same functions as SyncPal. If you're betting on SyncPal to fuel the ascendance of SIML, you need to adjust your expectations.
okwife, kudos for asking some good questions. Not sure who you spoke with at SIML, but I'm amazed at how candid he was with you about just how bogus the $30M revenue number is. The product he was referring to is SyncPal, which, according to SIML's PR is supposed to be undergoing "beta testing" by a key customer. In all likelihood, it will do what it's supposed to do, but even if it does, it doesn't stand a snowball's chance in hell of producing $30M in revenue. There are a couple of reasons for this:
1. There are products that are available from other more reputable manufacturers that perform the same function as SyncPal. And they have been available for many, many months.
2. SIML's PR claims that there are 10,000 potential customers for SyncPal. At a net sales price of $3K each, in order to generate $30M in revenue, SIML would have to sell one unit to every potential customer - just like the SIML guy told you on the phone. I'm not aware of any other relatively unknown company with a johnny-come-lately product that has been able to achieve 100% market share right out of the gate.
Past performance is a good indicator of future potential, and if you look at the past performance of SIML/RJM&A/Grid, the future doesn't look very bright.
Bucks, if the "new product" you are expecting to "put wings on this baby" is SyncPal, you'd better adjust your expectations. SyncPal is nothing more than a line extension of a product line called SoundPals that a company called Graham-Patten Systems (GPS) introduced nearly 20 years ago. When GPS went out of business 12 years ago, the Isis Group, which went bankrupt and eventually became RJM and Associates, was ultimately acquired by the scamsters who control Simlatus. They needed a to roll out a new product quickly to establish credibility in the marketplace. That product is SyncPal.
SyncPal is a decent product that has a legitimate application in the marketplace. But the notion that it has the potential of generating $30M in revenue is fanciful in the extreme.
Bucks, like Civicbird and others on this board have pointed out, you need to do a better job of due diligence before you buy stock in this turkey. If you don't believe the assertions I've made about SyncPal, please take the time to read the following 2 items:
http://www.trademarkia.com/soundpals-75256661.html
http://www.radioworld.com/article/ISIS-Group-Snaps-Up-Graham-Patten/188957