Thursday, May 26, 2011 2:21:23 PM
As always, I strive to be transparent as possible without violating any SEC rules.
RJ, has expressed his opinion about what SDVI has rights to and if contract(s) is/are binding or not. And I will not comment on pending or anticipated/possible litigation that we may enter into regarding RJ and or other deals. That would be complete speculation and conjecture. It is also not RJ's right to demand or give non-public information as he has done and he maybe violating Non-disclosure agreements.
I cannot and will not discuss non-public information here. It is not a right of individual shareholders to receive information before everyone else. Hence, I maybe silent at times.
As for the IPO our plan to IPO Graffiti has not changed, hence there is no need to make a statement as such, until I can put together another conference call and layout everything that has happened to the general public. This is not disrespecting iHub shareholders of SDVI in anyway, as it has to be done this way. Saying that I'm disrespecting shareholders by not giving away inside information is just plain wrong.
As previously stated, Reader Rabbit would ship this week and was shipped out to retailers yesterday. This is public information that was already disclosed and I am just reaffirming it.
If you would like to order Reader Rabbit Wii from Ebay, we should have them in our offices today for shipping.
Now that the Wii version has shipped I will update everyone as soon as possible and as soon as something changes. For instance once the audits are complete, I put out news. Since there isn't news on it yet, then it's safe to assume they are still in process. I don't think it's my obligation to constantly update shareholders on the minutiae of the audit process and give you details on what an auditor is requesting from us. It is very routine stuff and the auditors are just taking longer than expected to go over everything with a fine tooth comb. They are PCAOB certified and it is their reputation on the line if they do not. We have complicated books because of the diversification of businesses we have entered.
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