Signature Devices Inc. (SDVI)

[BeachBum]

That is way down on the list of concerns right now although if you see a structure change on Nevada SOS because SDVI has to absorb a reverse to the conversion, I may side with you. Since we don't know what the current shares structure is, we have no way of knowing if there is now room in the A/S to bring those Graffiti shares back at original pps value. Only if SDVI has been buying back shares with RR revenue or KH decides to shift some majority commons to convertors, will there be room under the 2 billion A/S imo.

There is a huge paper trail and it seems the convertors are getting restless. I can only hope this company starts performing for it's shareholders.

And they better post those RR revenue figures. The following PR shows a bunch of $$$ somewhere.

REDWOOD CITY, CA--(Marketwire - 07/22/11) - Signature Devices, Inc. (Pinksheets:SDVI - News) today announced its business update and progress report for 2nd Quarter of 2011.In an effort to keep shareholders up to date, the current financials for Signature Devices, Inc. have been posted to www.otcmarkets.com.Sales for the 2nd Quarter came in at the tail end of June, thereby shifting the majority of profits into the 3rd Quarter. This is due to the time it takes to manufacture the products. Typically the products are purchase order financed which pays for the cost of goods, and then when the goods are delivered to our customers we book the invoices as income. Our Q2 interim financial statements reflect this process, showing an outstanding liability to Wells Fargo of $421,752.72. This amount is 45% or less than total invoices for those shipments. Upon delivery to our customers, we invoice our customers and this amount is paid off and the invoicing amount converts to the profit column. The current outstanding receivables as of July 21, 2011 are $895,544.49.The company is also working on shipping more product into brick and mortar stores and is in the process of pitching products to major retailers, including WalMart, Best Buy, Toys R Us and others for a back to school promotion for the August/September timeframe. If successful in placing this product the company anticipates the outstanding receivables to at least double.Graffiti Entertainment, Inc. will be holding a proxy vote to authorize a merger with Signature Devices, Inc. and combine the two entities into one entity before filing an S1 registration statement. In turn, Signature Devices, Inc. will hold a proxy vote to authorize the merger with Graffiti Entertainment, Inc. The merged company will operate under Graffiti Entertainment, Inc. and will file the S1 registration for the U.S. market. Graffiti Entertainment Europe will then also proceed to file on the Frankfurt exchange.There will be a video conference call today at 2:00 p.m. PDT. The video conference call can be viewed at www.ustream.tv/channel/SDVI-shareholder-update.The auditing process for Signature Devices, Inc. is taking a lot longer than anticipated, but is still in process. More information can be obtained from the video conference call.