Can you just see the accountants and Tony 's discussion about the first quarter.
"Tony we notice that the company website is down and apparently the website was registered to the son of David Dadon, an old movie buddy of yours, instead of the company. And it was set up 10 days before the company changed its name to Green Street. Whats up with that?
To top that off you paid most of the company's cash, $ 260,000, to David Dadon plus a $ 16,000,000 convertible note (at 5% interest) just for an option to purchase his acreage. Come on no one sets up that kind of deal Tony.
With you getting a 10% deal and your directors an additional 9% combined on the "fully diluted stock" don't you think someone will see through this "convertible debt option deal" arrangement as one that gets at 10% you and your 9% directors a total of over 5 million shares/options under the fully diluted deal?
Come on Tony, then Dadon announces that you and he are releasing 13 of your films at Cannes this month. Don't you think this is a bit too obvious.
and yeah Tony the $ 10,000 a month plus free stock to CEOcast run by ex-con Michael Wachs was a pure stroke of genius on your part. I know he has been a part of your past companies but $ 10,000 a month and they only post the company's press releases. The last time they did anything at all was over 2 months ago. How can you justify % $10,000 a month for that?
Finally Nelson the 3% director and Figlewicz an employee and a 2% director both resigned in early April. No 8K was filed on Figlewicz resignation and no form 4/5s on the stock/options if they were received by yourself, Pruitt, Panahi and possibly Nelson. This needs to be done.
Tony as Ricky Richardo would say: you have a lot of Splaining to do in this 10Q.
So lets have the facts Tony."
I'll bet the accounting firm may be having second thoughts about handling the "Cataldo account"; although after handling Turek maybe Cataldo is also doable.
