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Post by drozboyz on Oct 27, 2015 20:16:11 GMT
is there more then one in the scuderi faithful? Chime in, please...... thought I would be retired by now
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Post by vroom on Oct 27, 2015 22:58:04 GMT
if they were ready to go public, we could see financials
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Post by berniemadoff on Oct 28, 2015 0:04:38 GMT
As soon as any shark heard they already burned through 80 MILLION dollars they would spend the rest of the showing laughing
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Post by dan27 on Oct 28, 2015 17:02:32 GMT
Anxiety, frustration, impatience, and of course the money invested add up to anger. This is not a great surprise to say the least, but neil is quite right in his assessment. The scuderi group does have allot going today compared to an earlier time. Why demand a refund after all this time spent waiting for the company to finally go public. It is coming soon and they will make plenty of money for all of us. Just give them a chance to do it. Stay focused and don't sellout. Further, don't sell your shares right away when they do go public. Let the company grow and so will our bank accounts. Who knows, maybe even the car companies will return. Everybody loves a winner. Hang in there scuderi people. Go Mets...!
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Post by vroom on Oct 29, 2015 10:55:08 GMT
Slightly frustrating that the cheerleaders among us draw conclusions of positive momentum based on zero facts. I think there is a failing to realize that there are holders of this investment that are not sophisticated enough to know that those cheerleaders don't know a thing about high finance. That leads to hops when it perhaps should not. The thing that gets people mad is that those cheerleaders either don't care or are too dumb to realize that some people are hurting based on this investment.
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Sally
Full Member
Posts: 105
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Post by Sally on Oct 29, 2015 11:18:48 GMT
Dan, if you have any contact with Ruth tell her I'm still waiting for the buyout offer SHE offered me 28 months ago at the meeting in NYC. The SG didn't like the blogs I was posting on the original site and threatened me with a lawsuit. They offered to buy me out which I accepted. Now, 28 months later I'm still waiting.
I will take the buyout in a heartbeat because I stand behind my belief Scuderi management is not capable of getting this done. They're lawyers who are convinced they're smarter than anyone and all they have been successful doing to date is blowing thru over $80+M with nothing, NOTHING to show for it.
The auto industry is beyond this technology. What a farce, Sal forgot to tell us about the loud noises the engine produced during testing at SwRI.
Tell Ruth I keep looking in the mail for her offer.
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Post by dan27 on Oct 29, 2015 14:50:54 GMT
All i can add to the comments made is i'm in the same boat as you are. If you really want your money returned, then knock on Ruth's door with a lawyer. I have no personnel contact with Ruth or the Scuderi's at all. Sorry about your problems.
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Post by vroom on Oct 29, 2015 20:43:43 GMT
Neil, I am not trying to insult you. I am pointing out that repeating things that the Company says is not providing information that is helpful. I want real information that is not truly available.
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Post by dan27 on Oct 29, 2015 22:39:49 GMT
Cheerleaders, unsophisticated, don't know a thing, don't care, and to dumb are the words used to describe positive investors. It's true that we are all free to pursue different avenues to gather information for knowledge, but it is indifferent to collect opinions only when they agree with your own. It makes little, or no sense.
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Post by vroom on Oct 29, 2015 23:20:52 GMT
D27, I am not sure if that was pointed at me, but I am generally a positive person, but I have not seen a single fact that causes me to remain so for this investment. If I had a single fact, I would be happy, but alas there are none.
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Post by dan27 on Oct 30, 2015 1:06:57 GMT
Understood, then all i can say to you is best of luck with receiving a refund on your investment from SG. I was only pointing out your words toward other people. Again, good luck...
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Post by vroom on Oct 30, 2015 2:15:23 GMT
You just made my point. Using company funds to "refund" investors in a private, capital constrained company is either unethical, dumb or both yet you act like it could be possible. As a shareholder, It makes me nuts that the Company would allegedly use shareholder funds to buy out or return capital to another investor. To do so with interest is absolutely insane. For anyone to be OK with that, I have to assume that they are not an investor. Sorry if I wasn't clear.
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Post by dan27 on Oct 30, 2015 2:55:59 GMT
Ok then, I'm glad i could be of help to you? Best of luck.
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Post by vroom on Oct 30, 2015 9:04:42 GMT
I get the sense that you are ok with the company paying a special dividend to select holders. Do you see my point that the Company doing that is insane?
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Post by jaketruth on Oct 30, 2015 12:02:26 GMT
My late father always said, "don't buy the company, buy the management." Ask yourselves, how has the management performed so far? Have they been honest and transparent? Have they followed through with the claims and predictions that they've made? Have they been able to execute? Have they been accountable with your money and how it has been spent? If the answer to these questions is "yes," you're in good shape. If not, well, you get the picture. My dad's point is that you can almost always expect more of the same. Anything else is just wishful thinking.
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