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Post by Bob on May 23, 2014 16:14:40 GMT
Wow...the scuderi group was not fined by the sec for wrong doing...sal scuderi took a person fine to end a very costly litigation for scuderi group...so the company could continue it's growth.
The sec spent 3 years and 3 million on an investigation that netted improper paperwork...all documented...and found scuderi did nothing wrong. The PERSONAL fine was for $100,000.00.
Goldman sac's get fined a billion dollars and no one cares. The sec could not find anything material wrong with the scuderi group. They just had to save face with a rediculous fine.
Plus, had we had 3 million dollars to waste we could have fought the fine and won. Just tell the facts.
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jay
New Member
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Post by jay on May 23, 2014 17:04:06 GMT
Thanks Bob, finally someone willing to put forth facts rather than baseless rumors and accusations. The fine levied against Mr Scuderi was not for "misleading investors" or for "stealing from the company coffers". The verbiage in the SEC documentation focuses around their need for proper documentation and reporting of said monetary usage, and on the company's reporting status. There were no claims in it of illicit or improper usage of the funds. Rather, it detailed the need for such usage to be accounted for through the proper channels for a reporting company. There were no claims of theft or embezzlement in the documentation, nor any about their business practices or the validity of the claims of their invention. In layman's terms, it was all about paperwork issues.... issues that have been quickly addressed as to allow the company to put this all behind them and carry on with business. But oddly enough, there are those on this forum who continue to perpetuate these rumors, despite that all the facts and evidence clearly point to the contrary. It would seem to me that at some point these "rumors" could be seen as libel, warrenting their own Cease and Desist letters.
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Post by German Guy on May 23, 2014 17:47:29 GMT
Finally some activity! I am happy to learn that you are happy that Sal Scuderi paid himself and their family ad-hoc bonuses for: Stupidity? Underperformance? Non-delivery of promised licensing agreements?
I am happy to discuss with you the topics:
- Compliance to SEC order.
- $300k+ credit note backed by patent portfolio
- Documentation and repayment of credits
I keep the list short. As we have ticked these, we can go into other topics like the required audited financials.
Thank god the USA is not Sicily. Stay tuned.
GG
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Post by Paul on May 23, 2014 17:54:49 GMT
Thank you Bob and Jay, it's nice to someone actually doing their home work prior to making unjust claims on this forum.
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Post by Paul on May 23, 2014 18:47:27 GMT
Sorry for the type O
Thank you Bob and Jay it's nice to "see" someone actually do their home work compared to GG whose opinion is very suspicious.
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Post by Judgement Day on May 23, 2014 19:45:06 GMT
jay, why don't you use your real name? - RUTH SCUDERI
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Post by German Guy on May 23, 2014 20:10:31 GMT
My guess is: jay is Stephen or Sal Scuderi, Ruth Scuderi might not be capable to write on these topics.. Usually her writing begins like that: everything is so great, the teams fly to Africa, Mexico and Puerto Rico, financing is just going great. I have to take drugs to believe this b/s...
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Post by Paul on May 23, 2014 20:48:14 GMT
Judgement Day and German Guy,
Jay and Bob, (whoever) have posted details based on facts while your attempt at making damaging accusations about the SG are weak and based on your opinion.
I'm still trying to understand why you would try to sabotage the SG in any way?
If your an investor than basically your an idiot, if you have other reasons, I would like to hear them.
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Post by German Guy on May 27, 2014 15:25:53 GMT
Paul,
I suggest you to call Jay at Scuderi Group and ask him/her about the current status of the German office and also some looming deadlines. Maybe you get some news.
And don't forget to share it with us.
GG
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Post by Paul on May 27, 2014 15:48:18 GMT
GG,
First of all there is no Jay at the Sg and second, if you already know what's going on at the German office, why are you asking me to share it with you, maybe you can share it with us???
Very strange
Paul
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Post by Sally on May 27, 2014 16:33:21 GMT
GG, First of all there is no Jay at the Sg and second, if you already know what's going on at the German office, why are you asking me to share it with you, maybe you can share it with us??? Very strange Paul Angie, I suggest you email Ruth your name and how many shares you have and the SG will buy you out when they have the money. She told me 12 months ago she was going to buy me out....silly me thought she meant the SG was going to buy me out then but when I spoke with her recently she meant "when they have the money". But I strongly suggest you register your name and shares with her.
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Post by Sally on May 27, 2014 16:34:54 GMT
Angie, I suggest you email Ruth your name and how many shares you have and the SG will buy you out when they have the money. She told me 12 months ago she was going to buy me out....silly me thought she meant the SG was going to buy me out then but when I spoke with her recently she meant "when they have the money". But I strongly suggest you register your name and shares with her.
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Post by Wahid on May 29, 2014 14:29:04 GMT
Deadlines have now expired ... Looks like there is some big trouble ahead for the SG now
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Post by paul on Jun 6, 2014 15:01:37 GMT
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Post by Brutus on Jun 6, 2014 15:36:20 GMT
Yawn ... just more stories, none of which has ever materialized. Show me the money! By the way, has an investor even spoken to one of their potential "clients"? I doubt it.
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