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Post by gman on Oct 31, 2015 1:33:13 GMT
Warren Buffet - "Wide diversification is only required when investors do not understand what they are doing." In the beginning, diversification is relevant. Once you've gotten your feet wet and have confidence in your investments, you can adjust your portfolio accordingly and make bigger bets.
Was investing in SG not a "bigger bet"?
Are investor's who are pissing and moaning on this blog not diversified? Did you not understand what you were doing when you invested in SG?
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Post by vroom on Oct 31, 2015 5:19:15 GMT
gman. jump off a bridge. my investment in scoured means nothing to me. that said, what you obviously know is that there are many people that own this company that do not have the resources to lose it all. for you to throw that in their faces is insensitive at best. If you made a mistake, fine - if not - jump off a bridge. Your defense of this pig is starting to piss me off, g money
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Post by vroom on Oct 31, 2015 5:19:48 GMT
gman. jump off a bridge. my investment in scoured means nothing to me. that said, what you obviously know is that there are many people that own this company that do not have the resources to lose it all. for you to throw that in their faces is insensitive at best. If you made a mistake, fine - if not - jump off a bridge. Your defense of this pig is starting to piss me off, g money
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Post by vroom on Oct 31, 2015 5:20:12 GMT
People like you sound to me like you want to get in the way of the truth.
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Post by danny27 on Oct 31, 2015 21:07:31 GMT
Pennies on the dollar would be for sure. I'll stand pat. Scuderi has a royal flush. I didn't wait all this time for a loss. If I were the scuderi's I wouldn't walk away either. It's a very good sign they get offers. Some people who know sg up close see great value. All of us who put chips in the pot saw it also.. Stay put. Stay well.
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Post by vroom on Nov 6, 2015 4:50:52 GMT
Is it true that Hino didn't get paid?
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Sally
Full Member
Posts: 105
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Post by Sally on Nov 6, 2015 16:20:04 GMT
I guess Ruth's offer to buy me out just went down further on the ladder of promises. 28 months and counting since she offered to buy me out. I guess that's why I don't readily believe the 30-45 day timelines they continue to profess in webinars.
Let's start a game, how much longer do you think SG can last? I'm guessing end of January/February 2016 at the latest.
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Post by recumbentrider on Nov 6, 2015 17:54:06 GMT
Seriously, is anyone really surprised by this? Scuderi cannot even pay a $95,000 debt that they acknowledge and agreed to pay in court. What bank on earth would be stupid enough to lend this company money to build a generator plant? (Of course, the Scuderis have never installed a power generation plant anywhere, and this is assuming that anyone would even believe they have the knowledge and ability to do such a thing.) If they even launched an IPO next week (once again, what bank on earth would be stupid enough to underwrite such a venture?), who would be foolish enough to buy their stock? After this second refusal to pay Hino the money they rightfully owe them, I cannot see how anyone can begin to take the Scuderi company seriously, except for perhaps a few delusional investors. |
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Post by dan27 on Nov 6, 2015 18:10:49 GMT
How long ago was the Hino deal? Years? If their was a debt, was it paid, or not. Maybe you might be able to lend the delusional people your history lesson regarding the matter. Maybe not. Lets see, delusional, fools, stupid (twice), and many more insults hurled at people. Seems you can't be taken as a serious adult.
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Post by vroom on Nov 7, 2015 2:18:18 GMT
I would love to know your relationship with the company, neil
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Post by salsucks on Nov 7, 2015 7:25:39 GMT
@ vroom: Neil is simply an investor who has an affinity for the Scumbags (that's the Yuenglings talking). He use to go by the name Paul, I believe. 41 North Partners? Hmmm? Newport Beach, CA? Maybe I'll drive down next week and take a look around. Willing to bet it will be a waste of time. I would say the same about posting on this blog but I do find it quite entertaining. I hope all of you do as well. Nothing to be taken seriously here. Cheers!
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Post by recumbentrider on Nov 7, 2015 11:55:49 GMT
How long ago was the Hino deal? Years? If their was a debt, was it paid, or not. Maybe you might be able to lend the delusional people your history lesson regarding the matter. Maybe not. Lets see, delusional, fools, stupid (twice), and many more insults hurled at people. Seems you can't be taken as a serious adult. Oh, where to start.. Are there really any Scuderi investors that are so disconnected from reality that they truly do not know anything about the Scuderi-Hino lawsuit? If there are, they can find out more about it from the WWLP article that carguy posted a link to, and from the original lawsuit documents here. Despite promising to do so in writing, Scuderi refuses to pay Hino their 'consortium fee' back.
The Scuderis have raised $80 million dollars from investors, mostly from transactions with unaccredited investors that violated SEC regulations. Even after raising all that money, they still told Hino that they did not have the money to pay back the $150,000 that Hino gave them for joining their 'consortium'. To have blown through $80 million with virtually nothing to show for it is simply astounding. I still hold that any bank willing to lend money to such a company is being stupid. I still hold that anyone who would now buy Scuderi stock (if it ever became available in some highly questionable IPO) would be foolish to do so. And I still hold that anyone who is still devoted to the Scuderis after all this is being delusional. If anyone finds this insulting, so be it. I call things as I see them. Finally, I don't expect anyone who takes the Scuderis seriously to take me seriously. I could say that unlike the Scuderis, I have not been fined by the SEC for violating rules, I have not taken money from investors and used it to enrich me or my family personally, I have not taken money from a company claiming it was for a 'consortium' and then refused to pay it back after the 'consortium' never formed, and I am not being sued by anyone. I would think that these things would make me more deserving to be taken seriously than the Scuderis, but if there are those who disagree, I am sure that I can live with that. |
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Post by berniemadoff on Nov 7, 2015 13:32:50 GMT
These guys are good.
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Post by salsucks on Nov 7, 2015 15:55:50 GMT
41 North Partners a REPUTABLE investment bank? ...at least the POSSIBILITY of success? ...and HOPE to someday be rewarded for my foolishness on this investment?
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Post by dan27 on Nov 7, 2015 17:23:33 GMT
Browbeating, rehashing, and nitpicking an episode that took place years ago and was cleared by the sec is childish by any standards. When it comes from a point of view that has no position within the Scuderi Co., then calling them how you see them is fine, but odd.
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