|
Post by Guest on Sept 20, 2014 22:17:00 GMT
Big deal, who cares, it's one investor trying to play both sides of then fence, if the SG is successful he drops the law suit, otherwise he tries to get his money back legally. The SG does not appear to be concerned about the law suit at all, there are so many positive things going on in the business it has made this law suit minimal. In my opinion this law suit no longer has any effect on derailing the SG from there current path towards success.
|
|
|
Post by Guest XXL on Sept 20, 2014 23:08:22 GMT
Looks like it's put up or shut the F$&@ up time.
|
|
|
Post by Robert on Sept 20, 2014 23:11:41 GMT
If this involved me I would be sick to my stomach.
|
|
|
Post by Guest ZZ Top on Sept 21, 2014 0:34:00 GMT
This is some class action law suit, one plaintiff represented by a law firm looking for business. Furthermore the S.E.C. never convicted the SG of security fraud after a 2 & 1/2 year investigation, what makes you think the SG will be convicted of anything in this class action "civil suit". The law suit it is minimal, a few hundred thousand dollars, if the SG accomplish what they seem poise to do, the law suit will either be dropped or settle before ever seeing a jury.
|
|
|
Post by Guest DD on Sept 21, 2014 2:36:54 GMT
Here we go with "IF" statements again! Lol no facts only ASSumptions. Wouldn't it just suck if because the Scumdaries were so greedy that they just came up a little short and went belly up? NOPE. That might even be the plan. Anyone buying more units?
|
|
|
Post by Guess ZZ Top on Sept 21, 2014 3:37:32 GMT
DD you make absolutely no sense, seek professional help!
|
|
|
Post by Guest on Sept 21, 2014 11:52:09 GMT
As long as there is any running class action suit there will not be an IPO.
|
|
|
Post by Guest on Sept 21, 2014 12:13:39 GMT
The class action law suit can be resolved or settled overnight, it's minimal.
|
|
|
Post by James on Sept 21, 2014 15:49:34 GMT
I don't think it could be settled over night no matter how insignificant it may be. I also don't think the Scuderi's could settle out of this. Here is my thinking on that opinion; if they decided to settle I think the class would grow substantially as many investors would want to get out. I know that they have been explaining how everything is going great and revenue is just around the corner but also many of their original investors, who were older individuals 10 years ago are now that much older and may just think of cutting their losses. I do also think without any of their customers promoting them with meaningful press releases and such the investors still feel a lack of credibility. The credibility issue I feel is well within their control and could change over night. Any thoughts?
|
|
|
Post by MHamil on Sept 21, 2014 16:36:55 GMT
James,
On credibility, I think you are on target but a press release should only come out when there is something to actually show. The agreements are worth something but not much until SG has some experience in this arena. SG would gain credibility by first having at least two installed and operational power generation sites. Second, to gain wide acceptance as a credible idea, those sites should have Scuderi engines running.
SG might mention they need time and more money to get the SG engines in place....BS.
No individual investor thought (based on Sal's rhetoric) that his or her money would be tied up for decades. I know we've already lost some of our investors and Sal himself isn't looking any younger. Some other folks are looking for the easiest way out...The road should be a little bit longer if we want this idea to take off. To rephrase Guest XXL: For SG, enough talk, enough research, just get it done.
|
|
|
Post by Guess ZZ Top on Sept 21, 2014 16:49:42 GMT
Valid points
|
|
|
Post by Guest #999 on Sept 21, 2014 17:47:27 GMT
Getting Scuderi engines up and running at these power plants is going to take time and money. The only way SG is going to raise enough equity capital to do that is by hiring a new management team. This is what investors should be pushing for in my opinion.
If SG goes public with the current management team I think it's likely to be a penny stock.
|
|
|
Post by Guest on Sept 21, 2014 18:21:43 GMT
At a recent webinar the question of when the first system would be up and running? Sal's answer was by January or February 2015, the SG does not have to raise capital for these plants they will be financed.
|
|
|
Post by Guest #999 on Sept 21, 2014 20:52:10 GMT
Those first systems aren't going to use Scuderi engines.
|
|
|
Post by Paul on Sept 21, 2014 20:59:07 GMT
Yep! However we've been told the SG will still be able to guaranty the energy savings, finance the deals, make a profit and with the cash flow start the fabrication of the split cycle engine.
|
|