I don't know what school you went to but their meaning of fact sure isn't the same as the rest of the world...
Once the case is over as i have stated for many months now,STS will be gone and EVRM will be left with the task of going at it alone with nothing but the lies that are in the (i-box).
Opinion
I realise the following was right before Sym'ssssss sold millions in August of that year,but someone should ask him what happened to this:
This is not fact as you have no proof of this claim, and saying it is fact because there is no proof that it didn't happen is a dumb assertion.
"Since last year, STS's revenues have experienced significant growth. They have won key contracts and task orders as well as joining several teams with Fortune 1000 companies. I think by the end of 2010, STS can possibly exceed $10,000,000 in revenues."
You choose to ignore the words "can possibly", and further omit the important parts that describe the valuation - let me fill it in for you:
"He further stated that "the total cost of this acquisition is about $15 million in stock and cash. What we are buying is an asset that is worth about $80-$100 million, based on STS' current and pro forma revenues, earnings growth rates, relative P/E and its ability to generate government contracts in the next three years. This is an incredible opportunity for us to acquire an asset for a great price. Furthermore, almost 75% of this acquisition was done with newly created Class B shares which do not carry any immediate market liquidity."
As for Richard... His ownership is limited as he sold out to Sym as highlighted here:
The deal was financed primarily with common stock, requiring Evermedia to increase its authorized shares to finance the purchase. The companies will consolidate certain aspects of their businesses such as contract management, administrative functions and financial reporting while operations and division management will remain independent. Richard Weitzel will be named the new Chief Executive Officer of STS Evermedia Corporation, the parent of STS, and will also be a director at the Evermedia Group. The "change of command" will take place on or about 1 OCT 2009.
Regarding the acquisition, CEO of Evermedia Jonathan Sym stated: "This increased ownership of STS is a milestone event for us. This is the most significant event in our company's young history as it will allow us to participate in the revenues of a terrific company.
- This proves RW was named CEO of STS Evermedia (SEVM) - Which was bought IN WHOLE by the Evermedia Group (EVRM). RW's shares were converted to shares of EVRM with EVRM's purchase of SEVM.
As far as all your finance questions please consult the fins...
EVRM has quarterly financials to prove revenue. They are legal until proven they are falsified documents: anything else is slanderous and you can take legal action with the SEC if you so chose to do so. Until we have money to continue with full audits we may never know many things - you just have to take their word for it - if you don't like it - file a lawsuit - I have no proof they falsified these statements - nor do I believe you do.
I can't comment on their ability to PR or communicate - being in a court case is a tricky situation and there is a lot of information to go over as this goes on... if you think the $1m is all that's on the line you'd be mistaken - the market value has been pummeled and that would be accounted for in some fashion.
Instead of going on - try explaining yourself or taking the entirety of articles before posting them - and if you disagree please debate it - you seem to post something and never debate the refutations... that's weak.
The defense rests.
AI
