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Post by Paul on Jul 6, 2014 13:55:52 GMT
Typo: I meant to say "the only person who should be investigated for criminal charges is you"
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Post by Soraya on Jul 7, 2014 8:27:26 GMT
Paul - Found this about Jordan Belfort, the Wolf of Wall Street (it's not fiction, the movie was based on a true story!). Maybe there IS hope for investors?
"Convicted of money laundering and securities fraud in 2003, he received a four-year prison sentence—he served only 22 months—and was ordered to repay $110.4 million to a victim compensation fund"
There is also a victim compensation fund in the Madoff case:
"(Reuters) - A U.S. fund to compensate victims of Bernard Madoff's Ponzi scheme has received roughly 51,700 claims seeking to recoup more than $40 billion, totals far higher than expected, the official in charge of the fund said on Tuesday."
Anyone knows what the procedure is on setting up such funds?
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Post by Paul on Jul 7, 2014 13:10:06 GMT
LOL!! Your kidding right, the Scuderi Group has used a large portion of the raised capital to develop the technology and protect it, there is nothing left but the technology itself. If you are an investor, your best possibility of making money on this investment will be by the SG sucess in the power generation business. You also have also been watching to much television, once again I have to question whether you are an actual investor or someone looking to benefit someway by the SG demise???
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Post by Jack on Jul 7, 2014 13:27:56 GMT
"there is nothing left but the technology itself"
Really, Paul? Didn't they use the patents recently as collateral for short-term debt giving creditors a priority claim on it? As a consequence, does owning equity in this company really equal owning the technology? I doubt it. And if the technology worked as claimed by the Scuderis, why haven't they sold any licenses? Why hasn't anyone with industry or technology knowledge (PE, auto manufacturers, engine companies, etc.) ever invested in this company. Because they are all dumb? In my humble opinion, something stinks here, but Paul apparently doesn't smell it yet. Or is Paul part of this?
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Post by Paul on Jul 7, 2014 14:34:08 GMT
Jack please don't start a debate on integrity you will lose. I use my real name,
are known by hundreds of investors, right or wrong call it the way I see it, and as mentioned many times before, never have I sold one family member, one co-worker or one friend in on this investment. There is no reason for me to hide behind a computor using an alias name like yourself, I'm clean which is more than you can state.
I do believe that the storage capabilities of the Scuderi technology works and can have a great advantage over other competitors in the power generation industry. The SG has been able to sell these power purchasing agreements to well established companies and are in the process of getting these deals financed which in turn will become revenue and a proven business model. Like I said before as an investor the only way you are ever going to see a dime on your investment is by their success in the power generaion business. I still can't understand why you so venomously want the SG to fail, what are your real motives, are you even an investor, maybe you can explain to all of us and why don't you use your real name while your at it???
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Post by Jack on Jul 7, 2014 17:10:29 GMT
Paul, you did not answer a single one of the questions asked above. Who really owns the patents? What about the debt? Why has no industry player ever invested in the company? Have you spoken to any of their "clients"? Above are 2G Energy's contact details. Have you contacted them and asked about Scuderi? Since you claimed earlier in this forum that you are an analyst, you would certainly be using this information source and talk to Scuderi's "clients" in order to form an objective view on this matter, wouldn't you?
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Post by Paul on Jul 7, 2014 17:51:27 GMT
1) Who owns the patents? Since the patents are considered to be an asset of the company the shareholders do have a stake in the value of these patent.
2) What about the Debt? The amount of debt is minimal compared to the value of patents.
3) Allocating to much time and effort with the auto industry might have been a mistake, however it did push SWRI to develop the technology in turn add value to the company and it's patent porfolio.
4) Finally your retarded, I never claimed to be a "stock analyst" I do have a financial backround and are qualified to analyze financial statements which does make me a financial analyst.
I continue to answer your questions, you continue to avoid mine, as I said before your a fraud who hides behind the computor trying to upset real investors who are looking forward to SG success rather than yourself who hopes they fail.
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Post by Jack on Jul 7, 2014 18:11:04 GMT
Do you understand the principal concept of pledging assets as collateral for short-term debt and its implications for equity holders? It was stated that the debt holders now have a priority claim over the assets. How do you know what the value of the patents is? If you don't, how can you imply that the value of the debt is "minimal" compared to the value of the patents? Do you know how much debt they have issued by now? Have you actually talked to some people (engineers and decision makers) in the auto industry (as I have) or are you just repeating what the Scuderis are telling you? Have you called up 2G Energy? No? Why don't you do it then? Afraid to hear something you won't like? The following article talks about the business in Puerto Rico to start in March 2014. So where are the revenues then from this project now a quarter later? Where is the technology they want to use for their projects? www.caribbeanbusinesspr.com/prnt_ed/scuderi-ushers-in-a-new-era-of-lower-energy-costs-in-puerto-rico-8966.html |
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Post by Paul on Jul 8, 2014 1:00:30 GMT
I understand the concept and consider the amount of debt pledged as collateral minimal compared to the potential gains if the SG makes it in the power generation business.
Since you have a direct line to the auto industry executives, maybe you can have them post their engineering opinion of the Scuderi technology, that would be interesting.
As far as calling 2-G energy, you have to be kidding, 2-G is a public company why would they talk to a Scuderi investor about anything?
You still have not mentioned your skin in the game, why would any investor want the SG to fail with their current power generation business plan? How could anyone benefit by the demise of the SG? Maybe you can share that with us someday?
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Post by Lauren on Jul 8, 2014 3:56:57 GMT
Why do I learn read here about the SEC investigation? And don't get informed by Ruth?
What are the consequences?
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Post by Jack on Jul 8, 2014 9:07:56 GMT
Lauren - to be fair, the Scuderis have openly admitted and told investors that the SEC is still asking for further information and documents, i.e. they are apparently investigating certain practices and procedures of the Scuderi Group. Why are they wasting their time doing this if everything is fine? Whether or not it will result in another FORMAL INVESTIGATION at this stage or not or if the previous case will be reopened remains to be seen. However, I doubt it was a smart move by the Scuderis to publicly insult and ridicule the SEC in front of dozens of investors and witnesses, some of which seem to have reported this back to the SEC. The fact that there are still no audited results more than a year after the SEC settlement is also an affront. Will the SEC tolerate such behavior and risk looking stupid or will they strike back? I leave it up to you.
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Post by Paul on Jul 8, 2014 14:00:03 GMT
Lauren,
As Jack has just confirmed there is no formal S.E.C. investigation underway. The S.E.C. has investigated the SG for 2 1/2 years, turned up every rock possible and levied a minimal fine to Sal Scuderi, it's all old news, the investigation is over. Don't allow Jack to ruffle your feathers, that is his intention, he wants to create havoc with all investors for unknown reasons.
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Post by Bill on Jul 8, 2014 14:34:31 GMT
WHERE ARE THE AUDITED FINANCIAL STATEMENTS? Hmmm!!!
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Post by Thomas on Jul 8, 2014 15:01:30 GMT
Nobody can tell if there currently is an investigation. The inquiry started as the ppm was written. That is about a year old. Maybe the SEC has stepped it up... Only the Scuderis and their lawyers know.
Not publishing audited financials does not make me think that the SEC will not find anything.
Everyone should make up his mind.
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Post by Paul on Jul 8, 2014 15:53:58 GMT
Actually there was a "revised" private placement memorandum available a few months ago, I did not see anything written about a new S.E.C. investigation. Once again more fabricated information with the intent to hurt thje SG and it's existing investors.
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