Replies to post #57581 on Signature Devices Inc. (SDVI)

[nosfelle]

Because KH took the 2011 $800 some thousand as compensation for having to finish the RR Wii platform all by himself.

Remember how he sounded all cheated by having to finish that project that others could not?

Pretty sure he compensated himself for that one, and is affraid to tell anyone about it.

Go SDVI

[Johnny4profits]

"in other words the unaudited fins were not true."

Recreational reading of recreational writing about recreational investing in recreational products.......... Enjoy or not! :)

Ah, you don't really believe that Ken was actually engaged in what may have been fraudulent practices? I mean, can you really file this stuff with OTC and not go to jail for knowingly submitting incorrect and deceptive information resulting in defrauding shareholders? I don't think so! The SEC and OTC would be all over anything like that. We all know that our government would not tolerate fraud and deceptive practices such as that. :)

On top of that, I don't believe that any rational human being, particularly with the professional background that Ken Hurley has to his credit, would put his freedom, home, family and respect on the line through false OTC filings, run that risk when it has been evident that the SEC is kinda looking at this stuff nowadays. I mean, really! That would be so dumb and his kids most certainly need a father more than a few lousy bucks. :)

Jul 22, 2011 Interim Financial Report - Signature Devices Q2 2011 Unaudited P&L and Balance Sheet Jun 30, 2011
http://www.otcmarkets.com/financialReportViewer?symbol=SDVI&id=56231

Jul 22, 2011 Interim Financial Report - Signature Devices Q1 2011 Unaudited P&L and Balance Sheet Mar 31, 2011
http://www.otcmarkets.com/financialReportViewer?symbol=SDVI&id=56230

Jul 22, 2011 Annual Report - Signature Devices Annual 2010 Unaudited P&L and Balance Sheet Dec 31, 2010 Active
http://www.otcmarkets.com/financialReportViewer?symbol=SDVI&id=56205


Look at his credentials on Linkedin:

http://www.linkedin.com/in/klhurley

And get a full update in the first five minutes of this video conference. This tells it all, CEO leadership and disclosure at its best from an intelligent and hardworking family man living in a little Silicon Valley fringe city named Redwood City, California. This video is great! :)

http://www.ustream.tv/channel/sdvi-shareholder-update

Herein you may find the explanations as to what day it is and isn't and how those auditors are just so awfully slow. Darn those auditors! But you know what, if the fins were actually intentionally incorrect, oh my, the old king of rabbits may have some answering to do in front of a higher authority and I don't mean his creator either. :)

I think that Mart has had a rather difficult task of finding truth here. I mean, I don't see any indication of that other than that we are still investors in a company that apparently just can't get those auditors to set down their latte and crunch the numbers. Heck of a note! I do hope that a full disclosure doesn't destroy all the good work being done today, what with a touch of new hope brewing, stuff that auditors could review with or without milk. :)


I'm not about excusing any of this and I don't believe that people are interested in making excuses for poor management or deceptive business practices, lost investment dollars, if in fact this is what has gone on. But I do believe that without hard evidence, such as finances being audited and IPO and pre-IPO financing deals either being determined to be bogus or real, all we have is a sentiment suggesting inappropriate behavior and a house of cards falling. A sentiment based on performance is a touch bit different than hard evidence. I suspect that even most investors are a bit reluctant to wish for the wrong man to be incarcerated for crimes he did not commit. Those decisions are even often incorrect when tried by a jury of our peers.

I think that many investors and posters suspect wrong doing, but while touching on their concerns, admittedly do not have hard evidence with which to hammer the nail home. Either pretty tricky by Ken or he just made a big bunch of lousy business decisions while maybe not being quite as smart as he envisioned. He stated once something to the effect that if you've never been a CEO you can't imagine what it is like. While that comment gave way to both outcry and laughter, it is somewhat true. Not an excuse, just how it may be. And then again............ :)

If and when our new CEO may actually achieve full disclosures so as to set the past records straight and show the business platform projections going forward, we may still find ourselves invested in a reasonable microcap position. Remembering the old adage that "A FOOL AND HIS MONEY ARE SOON PARTED", I'd suggest that anyone trading in anything get professional help, financial, psychiatric, whatever, and some education before gambling wildly with their futures and fortunes. That is basic trading sense for most of us, which evidently is not common knowledge as it appears that some investors feel that they should be protected from risk by the mere fact that they took on the investment. Oh my, while absolutely comical, it is often times very very sad and stupid and really not funny at all. Investing is not protected turf, at least from what I have learned. There are technical ways of limiting risk, but an investor is still taking risk and the prize may be the reward. How is it that anyone would not get this? It's beyond my understanding. I just hate to see people crying over such a risk as though there should have been no risk as they most certainly would not have cried about paying taxes on the gains, or would they. LOL

Bottom line, I find it both interesting and possibly promising to have followed this BS hype laden New York roller coaster since October of 2010. Signature Devices and Graffiti have read like PULP FICTION with all the drama and intrigue, the characters and fanciful events and now we appear to be in the final chapters as Mart does battle for credibility and profits while Ken does whatever he may be called upon to do for the good of the rabbits and his own survival. Drama! Incredible drama...........

..................................................................
WILL MART SUCCEED AS CEO................KEN FOUND INNOCENT..................THE BUNNIES OUT OF HIDING



NOTE: SDVI & GRAFC IMO IS NOT INVESTMENT ADVICE. GET REAL, GET HELP, GET EDUCATED!

See, that's what get sme though; no matter the mess left by Ken, how is it possible that a garage-bay company couldn't have at least unaudited fins out (to keep us placated until audited fins) in a few hours?

People keep making excuses by implying Ken left a "mess". Well.. what "mess" do we have any evidence of? By mess, I think of disorganization to the point things are lost, and records not kept digitally (rather on paper).

The only "mess" that would cause Mart to do this, is that there was a lot of lying, and that's the reason.. in other words the unaudited fins were not true.

.

[ad511]

guess we will find out in roughly 1 to 5 weeks eh?