Responses to your statements/questions, in my opinion as a shareholder:
For Serious People only...
Having looked at this for a few weeks I was able to do some initial due diligence but have a few questions.
1- The company open house video finally showed up on this page. It comes and goes for me for some reason but it is there. Does not look like many people there and as a few weird things in it (misspelling transparency , end statement etc) but overall it is there.
Response: video was done by a shareholder, so holding grammar as indications of suspicious activity are wrong. Additionally, people that did attend asked to not be photographed. It's their right. There is a picture of Kent and his management that was released. Additionally, Linda was photographed to give a shout out to a very special person that doesn't even provide "valued" DD......
2- They do have a social media presence on Facebook which if you read provides some more info and answers.
Response: there are two Oak River FB pages. One where the company runs and a private investor page that is for invitees only.
3- I know this type of business, we have insurance people in our office , i also have a friend that designed a similar platform and is getting a lot of interest. It is good business to be in , if it is really there.
Response: I agree. My mother works in the insurance business too and understands how this can benefit them.
4- This is an odd situation where there are a bunch on inconsistencies but sorting through them leads to the possibility of what some bullish people here believe, a huge stock run could be possible.
Response: a huge stock run where come when the financials are let out along with any buybacks and Sharestructure changes happen. Kent has already started chipping away at the shares.
5- Regarding FINRA delay. This year I received a notice they were closing on Dec 18th, they generally close early for the holidays and do not re-open for a bit, so things get delayed around the holidays so that part is normal. I personally do not think Kent should be posting these issues on the boards and facebook page in a manner that looks critical of Finra. They are govt people trying to do their job and the best way to get quick action is to always be respectful and persistent. I do understand the frustration of people when they get a list, then another list of things to do but this is standard stuff. A good attitude, and always respectful attitude helps in these cases. (just my opinion)
Response: I absolutely agree with Kent releasing info from FINRA publicly. He gets beat up from shareholders on this and as a public company we deserve to know what's going on. Additionally, when I personally talked to them, the lady reminded me that they were NOT a govt service. So I had to restate my statement saying they are an "ORGANIZATION" with processes. So, no, not a government agency.
Some questions/concerns for serious people if you want to help me sort through them.
1- Oak River is described above in August releases as having been a subsidiary of TDEY. Kent has stated in other areas he has had 13 employees who have been with him for years, he had other addresses so I am assuming some operations were around before this past year (2015). Yet as a subsidiary of TDEY those operations should have been reported in some fashion on the TDEY financials which show virtually nothing going back 4-5 years. Either the operations would be summarized into the financials or something like an "investment in subsidiary would be shown" neither of which is the case. What is the situation here?
Response: I would imagine the 10k will answer this for us all! I'm looking forward to it too.
2- The 2.3 million dollar sales price to Chimienti. How is that accounted for? The company has 83k in cash and a 1,000,000 receivable, and does not look to have spent the difference on the income statement so where did the rest of te money go? It is possible it was used to fix the capital structure which might be unclear in the financial given that it took a few tries to get them right (current one at least balances).
Response: the financials were put together weird. Example, instead of salary they put these amounts in the management column. Both mean the same, but still equal the same. The first attempt wasn't intended to be the financials and I think that was Kent trying to make shareholders happy. So next time I can't imagine him rushing the product.
3- Does anyone know the relationship (if any) between Kent and EV? I mean EV ran TDEY and Kent's company was a subsidiary (Again per the comments above the board but no evidence on the financials). Is there any evidence at all about Oak River being a sub of TDEY? From past releases TDEY was doing all kinds of things but I do not see Oak River mentioned anywhere? If they were how did that relationship happen and when?
Response: there is no relationship. It's even publicly addressed Eddie has nothing to do here. Posters claim that Eddie did that at Suti, however that was just hearsay as no PR was ever released! Eddie has just been something to talk about. If he had anything to do here, he would claim responsibility as his name is not credible anymore and his stock running days are done. This business would bring him back up as there is a product and revenue. However he's not here. Has nothing to do with the company. Kent has said publicly that FINRA already had the information about the K series shares and who possesses them. FINRA's issues with managing products received is not the company's fault. However something Kent has to work through to get the ticker change.
4- Overall it seems holes in the information and big gaps and worries are what is keeping this from moving much higher. It would be good to get some of these questions answered and put the past in the back as I can assure you based on what I know the type of business they are in is one with possibilities. Though i think the contracts are misunderstood here and apply mainly to that potential pool of 68,000 texas people mentioned. Of which if 20% opt for benefits that is 13,600 customers but still a start.
Response: I have been here since Sept, so not the grand old man of TDEY, but I don't have any doubt here. OTCmarkets has been updated and contracts posted. I personally do not have any doubt here. It's not a flipping stock. But can expect big runs within the year as financials come out and we continue building relationships with insurance companies.
So how can this go higher? Cleaning up these issues mentioned above would make me a buyer and other people as well. But also if it is true this is a clean shell with no debt and share cancellation of 4 billion shares (as mentioned on facebook page) and a profitable business, this could indeed possibly hit higher levels . It remains a high risk situation however.
Response: slowly but surely Kent is cleaning house. This SS was much worse prior.
I am interested in sharing info with anyone serious about looking into this stock .Apparently 3-4 people supposedly own 750 million shares (or so is stated)
Response: much more than that. I have counted 2.2bn between a small group of us longs. Some of us really believe in what Kent is bringing to the game. He hasn't gone all these years successful to be branded as a loser. If I'm wrong this will be colossal. And of course, all in my own opinion.
I would advise everyone to do their own due diligence and realize how high risk this is only suitable for high risk capital and not that much money until details, filings and other substantive evidence gives more confidence.
Response: I agree. Do your own DD! Do NOT buy if you are worried or looking for a profit tomorrow.
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