Replies to post #17501 on SMA Alliance, Inc. (SMAA)

[Gsxr147]

If I remember right, it’s for his services that he did for SMAA at the very beginning, that is owed to him.

[Tradey]

In 2012 SMAA acquired my company Cars.net. SMAA then issued a fraudulent press release stating we had a network of more than 13,000 car dealers, of which we had 0 dealers (https://news.yahoo.com/amphtml/news/sma-alliance-signs-definitive-agreement-195500395.html). They just made it up, and I called them out for their fraud and reported them to the FBI and SEC. When it came time to pay us the first installment payment they defaulted. The judge awarded us over $1M plus compounding interest, which I believe is currently more than $1.3M. We are now attempting to force SMAA into bankruptcy in order to liquidate whatever assets exist, including the public shell. Let me know if you’d like to read the management’s depositions. They are hilarious.