Opinions about Scuderi Group's misuse of funds

[Tony]

Invested in C round but passed D/E. Valuation of $800m is sick and no audited financials. Paul, I appreciate your enthusiasm but why is the management acting so hideously?

[Angie]

Thank you, Sally. I wait for my club manager to get back to me now in order to find out what I can do to get my money back.

I hope you had a good July 4, 2014.

[Paul]

Tony,

If you call the office the SG will try to answer any of your questions and help reduce your concerns. I know it hasn't been a smooth ride, I'm a B series holder, however the SG current business plan is the closes investors have ever been to achieving success. They have signed PPA's with some large triple A companies in the United States, they are 100% confident these agreements will be financed bring revenue into the company. Revenue is what the investment banks require if there is someday going to be a successful IPO. There is no reason to let the irresponsible BS being written on this blog effect your way of thinking, the next 2 or 3 months will tell the story, until then relax, enjoy the summer and hope for some excellent forthcoming news in the near future.

[Jack]

Paul - you seem to have forgotten that the SEC is now AGAIN investigating the Scuderi Group. Just like the Wolf of Wall Street received only a minimal fine the first time around, ignored this warning and continued. Sounds familiar, Paul? Wouldn't be surprised if a criminal investigation is already underway.

Let's be honest. This would be the best case scenario for investors because the Scuderi's are filthy rich from the money they sucked out of the company. Let's get that money back!

[Tony]

Is there a new SEC investigation? Why?

[MHamil]

How do you know this, Jack? Is there a way to verify this?
The SEC isn't talking...and it is their policy not to until they have a finding.
If I call Ruth would she agree about a new investigation?

Paul, do you know about this? Can you tell me this is a lie?

[Paul]

Jack your insane, there is no S.E.C. investigation underway and the best case scenario for the investors would be the SG bringing in revenue via their signed power purchasing agreements and then becoming a public company. Have you noticed their salaries, where the live, the cars they drive far from being filthy rich. Stop watching television it's corrupting your way of thinking.

[Thomas]

MHamil,

It might be a good idea having a look into the Class E PPM. If you take a look, you would not call Jack insane. Isn't the SEC settlement also requiring audited financials? And repayment terms on the family loans? I invite all investors taking an intellectual deep dive. The conspiracy bs Paul is referring to is ridiculous at best.

Thomas

[Anthony]

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E-mail: [e-mail]

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[MHamil]

Thomas. I did not call anyone insane.
I'm not here to judge (at least the people here)...I'm here to get some facts/ideas.
Thanks for the pointer to the Class E PPM.

[Paul]

Anthony or should I say Jack, your attempts to raise mayhem with the investors is the only real fraud happening, real investors please beware. I continue to suggest you relax the next few months. Do you really think the SG would make a public announcement about signing a power purchasing agreement to sell electricity to 13 casinos with a equal amount to the Mexican grid if it was not 100% true, especially if the S.E.C. and F.B.I. was investigating them in anyway, I think not.

[Jack]

They openly admitted that the SEC is regularly asking for further information and documents. Why do you think the SEC is doing this? I'm also wondering how they get away with that short-term debt they issued secured by the company's patents. Isn't that a slap in the face of the SEC and every equity investor? Where are the audited financials that were promised a year ago? Why would you not produce them if you had nothing to hide?

[Jack]

Has anyone ever spoken to one of their "clients"? Paul (the analyst)? What about the 2G Energy license that they said would be surely signed six months ago? It is a listed company, so you can call up their IR department, ask and make up your own opinion:

www.2-g.com/en/investor-relations-3/

Will the deal with the Mexican casinos (sounds like a AAA customer, doesn't it?) develop the same way? Just like Daimler, BMW, Honda, the Finnish company, and many many more promises that were made over the past half decade and more?

[Thomas]

MHamil,

I apologize for referring my post to you. Paul was meant as he mentioned the word insane. The topic of non-compliance to US and (German) securities law needs to be talked about. Audited financials, SEC filings, repayment terms of family loans, the credit note (they started to market last year) and more topics have been mentioned in various letters to management. Lutz Deyerling at some point said that he is not responsible, does not know anything about the finances and a couple of days just informed one of the investors that he is ill. Also his role in the management and potential liabilities need to be further evaluated being a German investor.

Scuderi Group has to comply with the law. If they break the law it is solely their responsibility, not yours, not mine.

Thomas

[Paul]

Thomas, Jack, Anthony have you invested in the SG? Are you the same person? (Investors beware). It's hard to understand how any investor believes they will benefit from the demise of the SG? I don't know any investor looking for your scenario to happen. How do you stand to benefit from the demise of the SG? Real investors would like to hear your answer? The only person being investigated for criminal charges is yourself?