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Post by Nick on Oct 1, 2014 6:44:32 GMT
80% of the claims were dismissed as a result of the Motion to Dismiss. That tells me 20% of the claims have merit. Club leaders beware. |
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Post by paulie d on Oct 1, 2014 10:58:12 GMT
So can someone tell me exactly what the 20 percent involves? Is it possible to settle out of court? When is the next proceeding to address the 20 percent?
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Post by Paul on Oct 1, 2014 12:25:29 GMT
This case has "ONE" plaintiff and "80%" of the plaintiff's motions have been "dismissed", I'm not a lawyer or a judge but that doesn't sound too bad to me.
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Post by Paul on Oct 1, 2014 12:35:05 GMT
"Hey Paul, when you had your sit down with Sal did he tell you who their Independent Auditor is? No? Nothing to see here folks only red flags flying. IPO in 6-8 weeks! Ha."
Nick or whatever five alias names you use in the past, is everything you say total BS, whoever said I had a sit down with Sal "ever" and whoever said IPO in 6-8 weeks? Do you make things up as you go along? You have no creditability on this forum, get lost along with the other five alias names you have used in the past.
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Post by gman on Oct 1, 2014 13:05:30 GMT
Mike,
You invested in an engine development company, not a company that resells energy. "There is nothing left, shut off the lights."
I've never come across an investor who didn't want to at least recoup some of their original investment back. Giving the fact that SG has changed their business model, you wouldn't cash in on your investment with them if they were to succeed in reselling energy?
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Post by Nick on Oct 1, 2014 13:22:00 GMT
My bad. My apologies, Paul. Nobody ever said anything about an IPO in six weeks. I must learn to read more carefully.
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Post by Nick on Oct 1, 2014 13:59:21 GMT
The stationery engine as a generator storing and producing power to resell is still the engine.
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Post by mike on Oct 1, 2014 15:01:13 GMT
gman, i ordered steak and got dogfood. if i am starving, i will eat the dogfood, but i ordered steak, not dogfood. reselling power was not the reason for my investment. See the analogy ?
imagine buying 25 grand of mobil oil and then 2 years later they say they arent selling any oil so they are going to try to make it in the garment industry. Its not what you invested in ?
of course i want my investment to make a return, i want all of them to make returns, but in my opinion, thats not going to be the case, and if i am correct, this is america and i can still voice my opinion. i still have a few stocks left over from the dot com bubble 13 years ago, worth like 15 cents a share. i bought at 25 dollars. I want them to turn it around but at some point, you HAVE to admit its a loss.
no ?
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Post by Paul on Oct 1, 2014 15:29:23 GMT
Mike-Your way off in your comparisons, if you took the time to understand the power distribution industry you would know it's one of the hottest industries on Wall Street. If you did your research you would know that the power generation industry has better potential for growth and success than the auto industry and the Scuderi Technology fits pretty good, how many engines do you know can produce and store energy? However, since your still stuck on the automotive industry, I've heard things are going quite well with Hino Trucks who is a Division of Toyota Motors, not too shabby a company.
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Post by mike on Oct 1, 2014 16:20:18 GMT
alibaba is hot on wall street now paul, so why doesn't the SG get into that ? If they can only take over every hot industry they could rule the world. Do you ever listen to what your actually saying ?
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Post by Nick on Oct 1, 2014 16:35:03 GMT
Mike-Your way off in your comparisons, if you took the time to understand the power distribution industry you would know it's one of the hottest industries on Wall Street. If you did your research you would know that the power generation industry has better potential for growth and success than the auto industry and the Scuderi Technology fits pretty good, how many engines do you know can produce and store energy? However, since your still stuck on the automotive industry, I've heard things are going quite well with Hino Trucks who is a Division of Toyota Motors, not too shabby a company. Oh great you clowns are now chasing one if the hottest industries on Wallstreet! Umm, insert random buzz word here! Where do I send my check? Never mind the fact that Sal and the gang have produced nothing but self inflicted losses for their investors. What Scuderi technology? Do you mean the Scuderi Tech that NO ONE will even barter for? Ha! And Paul you HEAR a lot of things but can never site a source or give 3rd party validation. "Going quite well...not too shabby a company" Put up or shut up! You have been claiming crap like that for years but you're not even smart enough to read and understand the PPM. How much cash is left? At BEST you will get .01 per share! Scuderi's are lawyers! They are well insulated and unless you are blood or somehow on the take (which I still believe you are somehow) your investment just didn't work out for you this time. So, what well informed webinar attending investor knows who the Scuderi's have retained to issue their Audited Financial Statements? (I know the answer) |
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Post by MHamil on Oct 1, 2014 16:44:27 GMT
I'm siding with Mike on this one.
SG was primarily setup as an engine ip business now they are trying power generation.
AND...their first couple installs won't even have a SG designed engine...so Mike is correct no matter how you look at it.
There is going to be a tiny little bit of IP in their overall design but it will have very little to do with an ICE.
A little off topic but BABA may turn up but the first 7 1/2 sessions look pretty bad. I would steer clear. It looks like they should have kept the price lower to give it some room to move. Check back on BABA in 6 months to see if the price is up or down. Right now, I would guess it will be down but Guanggun Jie (singles day) should give you an indicator (Nov 11th). BABA could lose 10-20% value from here but that is nothing compared to what could happen to SG if they went public at the wrong time.
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Post by Nick on Oct 1, 2014 16:45:50 GMT
Hey! I hear pharmaceutical companies researching Ebola vaccines are all the rage on Wall Street today! Hmmm?!
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Post by MHamil on Oct 1, 2014 17:25:47 GMT
Nick,
You are starting to remind me of someone from Mike's old board.
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Post by gman on Oct 1, 2014 17:29:17 GMT
Steak - dogfood
McDonald's started out with burgers. Now you see breakfast and chicken on the menu.
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