After Henthorn was removed for cause in early 2009, Felgenhauer was installed as interin CEO and Chairman. A couple of months later, he handed control to Green, who stayed in charge for around nine months.
Felgenhauer was one of the biggest investors and he moved to Seattle in 2008 to help Henthorn, and, in time. all the shenanigans started coming out. The true extent thereof was not discovered until later.
When Green was removed for cause, Gershuny was appointed. He did nothing and, without letting the stockholders know, appointed Ussery at the same time that he resigned.
Ussery could not be located, and he allowed the corporate legal status to expire with the SOS, et cetera.
With no one apparently in charge, some stockholders got together and convinced Leon to take over on an interim basis. He paid the fees to the SOS, contacted the IRS and had the tax authority forgive the penalties and interests on the payroll debt from the days of Henthorn. However, the investors will not back him with money, only moral support, and he was located on the east coast.
Hodge pulled legal strings, for which he had money (he has no money for anything else), and Leon removed from CEO and Chairman. To fight this back, Leon would have had to go to Seattle and paid for his trip and lawyers out of his own pocket. Being that Leon has little money relative to some of the millionaires invested here, he was not about to contest Hodge in a court of law unless the investors paid the bill. They decided that it wasn't worth the fight since the debts were $1.1 million (and still are), and that one can start a new pinksheets company for one-tenth the amount or less.
Leon took over in July '12 and was deposed in September. In June of last year, Hodge made a big to do with e-mails, including attorneys, that Leon had been interfering, which, of course, was not true since Leon was in no way able to do anything without funds for a court battle.
Hodge claimed in June of last year that he would finally be able to move forward quickly now that Leon was no longer attempting to do anything, which he hadn't in months anyway (and by doing anything it meant just posting entries in an alternative website that was in existence at the time).
Since Hodge's first important claim that he would now be able to move forward, a year has passed and not one penny of revenues. In the mean time, investors that wanted to start a business and were considering taking over ReelTime in late 2012 have started that business and are making good money on it. (Lost opportunity).
So, if you are up to a fight, go right ahead. Don't expect any of the investors here or in other places to back you up where it counts. They probably understood better than Leon that it was a lost cause.
So, as you can see, taking the company away from the Henthorn clan has been tried, and at this juncture, unless you can convince certain investors to put up a six-digits dollar figure to fight a battle in court, you would be wasting your time.
There is nothing of any value here. NOTHING! Since Hodge has been in charge nearly fifty million shares have been added to the outstanding count, and not one penny worth in revenues. All you have to do is read the financials, and you will run the other way if you were considering investing here.
I feel sorry for those who put a lot of money here. Me? I never invest big on penny stocks. Just a few thousand at most in the hope of hitting it big. I have lost more in some other investments than the total I placed here, but some investors here have invested an amount equivalent to several years of work for the average person. It is not the loss that irks me. It is discovering how much disregard for their fiduciary responsibilities has been displayed by the Henthorn crowd throughout the years. So, if you want to fight, go ahead. You have my moral support. But no more time, effort and money from me. If I had been paid an average rate for the work I did trying to make this company function properly, it would be more than what I invested here. And let me repeat, you have my moral support if you want to fight management.
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