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GM CT,Chestnut Petroleum =bad investment for you're friend k.. and s... ?? good luck with other

Navarre-SDVI-Litigation $667,000.00
Signature Devices creates and develops social networking systems include social networking server
software, social networking games and console games. The company also publishes software including
video games, and commercial products through its subsidiary company Graffiti Entertainment, Inc.
The preparation of financial statements in conformity with accounting principles generally accepted in the
United States of America requires management to make estimates and assumptions that affect the reported
amounts of assets and liabilities at the date of the financial statements and the reported amounts of
expenses during the reporting period. Actual results could differ from those estimates
The Company considers all highly liquid investments with a maturity of three months or less when
purchased to be cash equivalents.
The Company maintains its cash with various financial institutions, which may exceed federally insured
limits throughout the period.
Inventories are stated at the lower of cost or market. Cost is computed on a weighted-average basis, which
approximates the first-in, first-out method; market is based upon estimated replacement costs.
Property and equipment are stated at cost and are depreciated using the straight-line method over their
estimated useful lives, generally three to seven years. Leasehold improvements are amortized over the
shorter of the useful life or the remaining lease term. Upon retirement or other disposition of these assets,
the cost and related accumulated depreciation are removed from the accounts and the resulting gains or
losses are reflected in operations. Expenditures for maintenance and repairs are charged to operations as
incurred. Renewals and betterments are capitalized.
Sales of products and related costs of products sold are recognized when (i) persuasive evidence of an
arrangement exists, (ii) delivery has occurred, (iii) the price is fixed or determinable and (iv) collectability
is reasonably assured. These terms are typically met upon shipment of product to the customer. Consulting
revenue is recognized when earned based upon contract stipulations and deliverables.
The Company was subject to litigation by Universal Funding Corporation for non-payment by Navarre
Distribution and has a $667,000.00 default judgment against it.
The Company is planning on pursuing litigation against Navarre Corporation for breach of contract to
recover the $667,000.00 and ask for damages regarding the Universal litigation.

Note 3 – Bad Debt
The Company is also part of litigation against Chestnut Petroleum for it's investment in Oil and Gas wells
and Chestnuts failures and misuse of funds.
As a result of non-payment from Navarre Corporation for goods sold the company has taken the nonpayment as bad debt until litigation can commence to try and recover damages.


http://www.otcmarkets.com/financialReportViewer?symbol=SDVI&id=99957


What is your opinion ??


Chestnut Petroleum is finish bankrupcy..
CT with navarre ..to follow..

Chestnut Petroleum =bad investment for you're friend k.. and s... ?? good luck with other


The Company is also part of litigation against Chestnut Petroleum for it's investment in Oil and Gas wells
and Chestnuts failures and misuse of funds.


chapter 11 trustee of this bankruptcy estate; Chestnut Petroleum, Inc.

http://www6.lexisnexis.com/publisher/EndUser?Action=UserDisplayFullDocument&orgId=2569&topicId=100025463&docId=l:1842045413&isRss=true&Em=4&md5=15b5af3ec859ece751ac32678202139&sendDate=20130225
http://www.cpdenergy.com/

http://www.csdecisions.com/tag/getty-petroleum-marketing/

website is down..
http://investing.businessweek.com/research/stocks/private/snapshot.asp?privcapid=6948623



http://www6.lexisnexis.com/publisher/EndUser?Action=UserDisplayFullDocument&orgId=2569&topicId=100025463&docId=l:1842045413&isRss=true&Em=4&md5=15b5af3ec859ece751ac32678202139&sendDate=20130225
http://www.cpdenergy.com/

http://www.csdecisions.com/tag/getty-petroleum-marketing/


http://www.otcmarkets.com/financialReportViewer?symbol=SDVI&id=99957
Litigation
Signature Devices creates and develops social networking systems include social networking server
software, social networking games and console games. The company also publishes software including
video games, and commercial products through its subsidiary company Graffiti Entertainment, Inc.
The preparation of financial statements in conformity with accounting principles generally accepted in the
United States of America requires management to make estimates and assumptions that affect the reported
amounts of assets and liabilities at the date of the financial statements and the reported amounts of
expenses during the reporting period. Actual results could differ from those estimates
The Company considers all highly liquid investments with a maturity of three months or less when
purchased to be cash equivalents.
The Company maintains its cash with various financial institutions, which may exceed federally insured
limits throughout the period.
Inventories are stated at the lower of cost or market. Cost is computed on a weighted-average basis, which
approximates the first-in, first-out method; market is based upon estimated replacement costs.
Property and equipment are stated at cost and are depreciated using the straight-line method over their
estimated useful lives, generally three to seven years. Leasehold improvements are amortized over the
shorter of the useful life or the remaining lease term. Upon retirement or other disposition of these assets,
the cost and related accumulated depreciation are removed from the accounts and the resulting gains or
losses are reflected in operations. Expenditures for maintenance and repairs are charged to operations as
incurred. Renewals and betterments are capitalized.
Sales of products and related costs of products sold are recognized when (i) persuasive evidence of an
arrangement exists, (ii) delivery has occurred, (iii) the price is fixed or determinable and (iv) collectability
is reasonably assured. These terms are typically met upon shipment of product to the customer. Consulting
revenue is recognized when earned based upon contract stipulations and deliverables.
The Company was subject to litigation by Universal Funding Corporation for non-payment by Navarre
Distribution and has a $667,000.00 default judgment against it.
The Company is planning on pursuing litigation against Navarre Corporation for breach of contract to
recover the $667,000.00 and ask for damages regarding the Universal litigation.Note 3 – Bad Debt
The Company is also part of litigation against Chestnut Petroleum for it's investment in Oil and Gas wells
and Chestnuts failures and misuse of funds.
As a result of non-payment from Navarre Corporation for goods sold the company has taken the nonpayment as bad debt until litigation can commence to try and recover damages.