Replies to post #54298 on SunWorks Inc (SUNWQ)

[RV-8 Pilot]

Sure they are doing great things in terms of growth and profits but the tables are setup to enrich the house and build the company on the backs of average Joes to the extent allowed

[SandridgeEnergy]

Speaking of crooks...

Here is an indictment I pulled off PACER a while ago against Jonathan Lei (Elaine Lei the name on the LLC of Pearl Innovations, a founding shareholder of SLTD, is almost certainly his wife or sister). Those would one of the Machinetalker guys I think you were referring to (the ones who put the original seed money to change the name MachineTalker to Solar3D.

The indictment:
https://www.scribd.com/doc/307470376/Indictment

Here are filings showing the connections of Elaine Lei:


Roaming Messenger was in the business of developing a 'revolutionary' wireless messaging product (a very similar product to what MachineTalker was developing at the time). That product never went anywhere. Sound familiar?

Roaming Messenger, the company listed in the indictment that resulted from the FBI sting against Mr. Lei, later became Warp9 of which Greg Boden (of Bountiful Capital) is CFO. Bountiful Capital (Then called Wings Fund) is another one of the founding shareholders of SLTD.

Here are filings showing these connections:


Warp9 recently changed their name again to CloudCommerce and is now pursuing a growth by acquisitions strategy to consolidate the fragmented Cloud Computing industry. Sound familiar?

Here's where things get even stranger.

I posted yesterday about how I found it strange that Nelson only talks about the few years he spent at Bain, but I have never heard him speak of the bulk of his career spent at Millennial (AKA Invest West LLC). Now what could the place he worked for 20 years, and CloudCommerce have in common?

They both have the same address.

Here is the LLC file for Jim Nelson's former place of employment I purchased from the WA State Sec. of State office: https://www.scribd.com/doc/267064466/Last-Filed-Report-5

Listed Address:
1933 Cliff Drive #1
Santa Barbara, California 93109
United States

Here is the address for CloudCommerce: http://cloudcommerce.com/contact/

And here is an image of that building in Santa Barbara:



This could explain why Jim Nelson never talks much about his time there, even though he spent a full 20 years of his career there (technically he is still there according to the LLC document).

It is these original investors that are profiting massively from the dilution, and given that Jim Nelson worked side by side with them for years I find it hard to believe that the massive profits they are raking in from their tiny investments at the expense of shareholders here is purely coincidental.

Album of the filings for the big three initial shareholders of SLTD showing how they are involved with other tech companies that have been horrible for shareholders: http://imgur.com/a/F9WpW/all