Friday, May 13, 2016 10:46:21 AM
Aaron Gravitz is the Chief Executive Officer and was the Director of Lux Digital Pictures Inc. which is now owned by INMGD's Tom Coleman. Gravitz has been in trouble with the FTC and the SEC for his illegal activities. Here's some history on Gravitz and others he was involved with and how some shell companies and aquisitions work:
Commerce Planet (Aaron Gravitz) busted by SEC.
https://cdn.ca9.uscourts.gov/datastore/opinions/2016/03/03/12-57064.pdf
After Commerce Planet is busted they sell most of their assets to Superfly
http://www.businesswire.com/news/home/20080918005277/en/Commerce-Planet-Announces-Agreement-Sell-Consumer-Loyalty#.VKv7sCx0ypo
Superfly sells the assets just purchased to Lenco Mobile 2 months later
http://www.businesswire.com/news/home/20090211006291/en/Sovereign-Wealth-Corp.-announces-change-Lenco-Mobile#.VKxnYCx0ypo
Lenco mobile sells Radioloyalty to Mr. Hill and Mr. Gravitz as Radioloyalty merges with Streamtrack.
James Crane from commerce planet shows up with STTK as investor relations:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=81870430
Who is James Crane? A fraudster specialist in fake Chinese companies that was busted by the SEC.
So the problem I'm starting to have after doing research is this: Why would a legitimate businessman (Tom Coleman) have anything to do with these people who are under indictment and investigation by the Securities and Exchange Commission and the Federal Trade Commission? How do they know each other?
It's possible that Tom is legitimate. He has a legitimate history as a Producer with Atlantic Entertainment Group. They made real motion pictures but he made some poor financial decisions and ended up ceasing operations. The Lux Digital Pictures assets are real but rather limited as we can see from INMGD's finacials. It appears that he's trying to make a go at the entertainment market but this reverse merger well before the release of Mountains of Madness while the company stock was basically stagnant was just a way for him to convert his preferred stock into common stock and grab a salary at the expense of all of us shareholders. You don't pursue an uplisting until you've got a history of a stable stock above a penny so that part of the PR was a pure pump. I fully expected the RM to occur once we hit .001 but he never allowed that. Why not? His last two financial reports employed a trick that companies who do mergers and aquistions use to make themselves look more attractive than they really are. Each finacial report compared itself with the previous year's report which is obviously going to show a massive improvement. But if you were to compare each quarterly with the previous quarterly you see a different story. No growth.
Anybody can make a 45 second trailer for an animated movie. If Mountains of Madness comes out as the web series that Tom has claimed it would and it comes out on schedule in June, then some of my misgivings will be allayed. But if you see a PR that comes out that says MoM is being delayed, that's a red flag and time to head for the exits.
Part of my problem with Mountains is that I haven't seen any real production costs for it on any of the financials. Why not? The original budget for the movie was around $2 million. That may be an indicator that there is no Mountains of Madness. I'm not saying that it has not been produced. I'm saying it's an indicator.
Where's the revamped website? It's been months and nothing. Where's the release of the trailer that was supposed to happen?
If this isn't a scam then I can see why Tom folded Atlantic Entertainment Group. It seems like he's doing everything bass ackwards.
Avant Technologies Engages Wired4Tech to Evaluate the Performance of Next Generation AI Server Technology • AVAI • May 23, 2024 8:00 AM
Branded Legacy, Inc. Unveils Collaboration with Celebrity Tattoo Artist Kat Tat for New Tattoo Aftercare Product • BLEG • May 22, 2024 8:30 AM
"Defo's Morning Briefing" Set to Debut for "GreenliteTV" • GRNL • May 21, 2024 2:28 PM
North Bay Resources Announces 50/50 JV at Fran Gold Project, British Columbia; Initiates NI 43-101 Resources Estimate and Bulk Sample • NBRI • May 21, 2024 9:07 AM
Greenlite Ventures Inks Deal to Acquire No Limit Technology • GRNL • May 17, 2024 3:00 PM
Music Licensing, Inc. (OTC: SONG) Subsidiary Pro Music Rights Secures Final Judgment of $114,081.30 USD, Demonstrating Strength of Licensing Agreements • SONGD • May 17, 2024 11:00 AM