Replies to post #4479 on Competitive Companies Inc. (fka CCOP)

[DirtyDawg]

"based on management's projections of future cash flows"

That is a bunch of bullshit doubletalk

You will see the worth of the enhanced patents once MDGC's 10k is released, and future PR's are released, imo.

(I am not sure where CCOP will fit in)

Scotch

[Cassandra]

Blatantly FALSE CCOP PR regarding Inavisis for valuation of patents: http://ih.advfn.com/p.php?pid=nmona&article=50726758

This interview was also a lie regarding hiring Dr. Sam Khoury:

I just had a lengthy conversation with Dr. Sam Khoury of Inavisis. Although Bill Gray requested a contract and told Dr. Khoury he was going to engage him, he never followed through. Dr. Khoury agreed to allow CCI to issue a press release because he believed what Bill Gray said.

It seems that Bill Gray misled Dr. Khoury into using his reputation to be able to issue a false PR to pump the stock.

CCI claims to have used a qualified independent valuation specialist to determine the fair value of the patents, so Bill Gray should be pressed to provide the name of this specialist referenced in an SEC filing.

Cash component of purchase price

The cash portion of the acquisition was valued at $18,900 based on the Buyer’s Investment Commitment Amount using the fair value of the patents as obtained by a qualified independent valuation specialist.

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=8549772

Val Westergard should have received a copy of the valuation report, assuming any was done. It's possible that Gray just made up the numbers or that he and Val came up with them together. I suggest that CCOP and MDGC investors press Gray and Westergard for answers. Val Westergard issued a press release that the deal had been completed, so he obviously agreed with the terms.

Bill Gray and Val Westergard are two peas in a pod. You can't believe anything they say.