SUTIMCo International Inc (SUTI)

[dukeb]

Actually, I believe Looter's statement is that the bazillion shares were turned over to the yet-to-be-identified-seller (It wasn't Eddie. Who is this Eddie that everyone keeps referring to?) as part of an agreement to develop the sophisticated social website, mobile app, etc. It was a snap/emergency/CEO decision that HAD to be made because all the puzzle pieces must fit together!

STUPID paid for the project 100% up front, of course, because that's the way that business is done, doncha know.

Let's say that eventually Lootie indicates that the project should be complete by 2nd quarter of 2015. That gives Looter plenty of time to FB things like "I've seen the latest beta and it's coming along nicely. Should be released within days!"

Then glitches will be identified and the project will be completed by the 3rd quarter "at the very latest."

Both Mike Rizzos will be pleased at the progress, no doubt.

Under the heading of "wash, rinse, repeat" look at "sister company" TDEY. The bagholders there still await release of the 3D iPhone and Android apps. IIRC that software project was nearly 100% complete but the iTunes evaluation team wanted some little tweaks made before it would be allowed into the store.

That was around Christmas of 2013. Those tweaks must be really tough to fix because the app still hasn't been released.