So your defense, when confronted with the fact that you have no idea how the actual contracting side of this type of work is done is "well who said I am a shareholder?" Heh, Okay then.
You have no evidence for that assertion. None. There is/was money in the company. The DHS contract was real, and obviously worth a lot of money since Weitzel took almost a million in cash. Poor management and terrible leadership from Sym does not a scam make. The problems here are leadership and direction, it's clear to me that Sym is not capable of leading this company, and I don't understand why the BOD has let this go on for so long. They must have checked out, or simply know it's a lost cause. But it is clear to me that, the model works, 2012 proved that and plenty of other companies in the same space have seen success. They haven't been able to replicate that growth, and that's the problem.
As I have already explained, of course they used their service disabled status to get business, the government actively encourages that, and sets aside money in such projects just for minority owned businesses. They want their disabled vets to have a leg up in the market, The set aside for these things is huge, it's like 3% or something, which when you're talking about the totality of federal contracting, is a ton of money. I've explained to you they don't need to use their name under the table the government wants to pay their vets this money. Paying them "under the table" would only endanger the "gravy train" and cost them money. What the VA has to Say on SDVOSB Note that they set aside contracts and opportunities just for said companies.I fully endorse this, our veterans deserve special consideration.
I am not exactly sure what you mean by "paid compensation teams" but I can only infer you are talking about the marketing companies they were using for their PRs and shareholder response pre 2013. Marketing is a common practice, it isn't unusually nefarious. If you don't do your DD and fall for those "might possibly be worth 80-100 million dollar" statements, that's on you. Of course marketing is crap shoveling, but it's legal in the United States and done by just about every one.
See here's the thing, they did get billions in contracts. You just don't understand how federal contracting works. You get a contract, from which you derive task orders. You can be on a contract and never perform a single task order, which is what I assume happened with the Seaport-E contract. You don't understand the most basic elements of how this type of business works, and frankly that's the source of most of your complaints here. Instead of focusing on the legitimate mismanagement, you undermine effective criticism by trotting your ignorance out for the whole world to see. Please, spare us.
You have yet to account for 13 million in share cap, 1 million in cash, and proven multi million dollar task orders in the form of DHS.
Who said i own shares firstly?Secondly,EVRM has not made anything "on their own so-to-speak.
I need to address these two statements in more detail.
1) As I already mentioned, this is your great defense against not knowing how the industry works. Who else would sit here and post thousands of messages about the topic unless, in some way, they had money on this.....so if you're not a shareholder like me, you're a paid shill or a flipper. Which is it Louie? You want to talk about shady dealings and scams over thousands of messages for free (yet take no legal recourse, which you would do if you had any real proof)? It doesn't add up. Methinks the lady doth protest too much.
2) Of course they haven't made anything on their own. Federal contracting is all about relationships and working with primary contractors to secure work. They probably bid jointly with a large prime for just about every contract they've ever been on, again, unless you're actively pursuing opportunities on something like FedBizOps, pretty much everything you do is going to be through a prime. Last I checked, they didn't have a Business Development specialist on the team, so it would make sense that most of the stuff they do in through their legacy contracts they had pre-lawsuit. They probably don't have the money or the manpower to have someone writing proposals 24/7 to secure those types of things. Which is my big criticism of the terrible way they handled the money after the lawsuit. They could have taken that money, HIRED A FULL TIME BUSINESS DEVELOPER and used the remaining 300ish thousand to expand their operations. Yes, Sym and co would have probably had to have taken on some lean times to fully support the business, and worked long hard hours to revive it, but with proper planning it could have been done with that level of cash infusion.
By the way, that is also why Weitzel's actions are so damaging. My favorite "fan theory" as to why he did it is because of the sequester. What this tells me is Weitzel didn't understand enough about the industry (or have the energy/drive left in him) to do this kind of spin up, because with a million in capital, they should have been easily pounding down the doors despite the cut backs, due in large part to their SDVOSB status.
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