Replies to post #21174 on Adaptive Medias Inc (fka ADTM)

[236T568]

So scam company ADTM, in the SEC filing, conveniently omits that Jim Waltz was also the Chief Operating Officer of ADTM

not surprised

and why is this not surprising?

because this is what scam companies do!

On September 29, 2015, Adaptive Medias, Inc. (the “Company”) filed a complaint against Meetme Inc, Beanstock Inc, Jim Waltz (Company’s former Director) and certain other individuals (the “Complaint”) for claims including but not limited to breach of fiduciary duty, aiding and abetting breach of fiduciary duty, and fraud in the execution. The Complaint was filed with the Superior Court of the State of California, County of Orange. Among other claims, it is Company’s belief that Jim Waltz breached his fiduciary duties when he served as a Director of the Company by fraudulently inducing the Company to guarantee financial obligations of Beanstock Media, Inc. to Meetme Inc. Company seeks legal remedies in compensatory damage, punitive damage, declaratory judgment and any other relief that the court deems just and proper.


http://www.sec.gov/Archives/edgar/data/1428397/000114420415057219/v421277_8k.htm

[236T568]

Scam company ADTM claims that recent Chief Operating Officer and Director, Jim Waltz, was committing fraud while running ADTM.

By the way, notice that ADTM conveniently omitted the fact that Waltz was the COO. He effectively was running ADTM after the CEO was removed in January 2015 after getting charged with child porn activities

On September 29, 2015, Adaptive Medias, Inc. (the “Company”) filed a complaint against Meetme Inc, Beanstock Inc, Jim Waltz (Company’s former Director) and certain other individuals (the “Complaint”) for claims including but not limited to breach of fiduciary duty, aiding and abetting breach of fiduciary duty, and fraud in the execution. The Complaint was filed with the Superior Court of the State of California, County of Orange. Among other claims, it is Company’s belief that Jim Waltz breached his fiduciary duties when he served as a Director of the Company by fraudulently inducing the Company to guarantee financial obligations of Beanstock Media, Inc. to Meetme Inc. Company seeks legal remedies in compensatory damage, punitive damage, declaratory judgment and any other relief that the court deems just and proper.


http://www.sec.gov/Archives/edgar/data/1428397/000114420415057219/v421277_8k.htm