Platinum Studios (PDOS)

[TyroneChilson]

Putting it in perspective:
I really shouldn't crunch any more numbers because it really just gets me more and more riled up. Yesterday's IPO of Facebook really made me question some things here. Some highlights of the IPO, in case you missed them:
Zuckerberg made $1.5M last year from the company.
He still retails 56% ownership of the company.
The company showed net profits of just over $1B. One BILLION dollars in the black.

Let's compare:
Rosenberg made $1.1M last year from the company. (see below)
He still retains 81% ownership of the company.
The company showed net losses of around $34M according to the latest year end filing. Thirty four million in the RED.

All of these numbers can be verified by the latest filing:
http://www.secinfo.com/d12TC3.p3c4.htm

Breakdown of Mr. Rosenberg's salary:
$300,000 - salary
$558,000 - payments to RIP Media, a company Mr. Rosenberg is the president and sole owner of.
$200,000 - Producer fees. This is what was reported for Dead of Night. I am assuming that he made at least as much on Cowboys and Aliens. I think that's being generous considering one was a low budget movie and one was a $200M summer movie.

As to the 81%:
Page 44 of the latest filing states that Rosenberg, RIP Media and ACH holdings own a collective 81% of the common stock. I have shown in previous posts that RIP is owned by Mr. Rosenberg and ACH has all the signs of being a shell corporation set up by Mr. Rosenberg and Mr. Ruteledge.

Let's add one more thing here. It looks like (again detailed in my previous questions that were ignored by the company) the Awesome library is no longer owned by the company, as Mr. Rosenberg is no longer a majority shareholder, through his machinations with ACH. That's 412 characters the company no longer has exclusive control over. For a library of 5000 characters valued at $150M dollars, that's an average of $30,000 a character. That's $12.3M in assets that the CEO has taken OUT of the company. So by some creative shuffling of "ownership" in the company, he's taken a $12.3M BONUS from a company that is vastly in the red and has already allowed him to walk home with roughly the same amount Mark Zuckerberg, the CEO of a billion dollar company, takes home.

All of this and their plan still is to, according to the last call, transfer the remaining assets to another company and sell stock in that? Anybody else angry?