First of all you guys... I told you
who was that guy that called
me a dumb ass and
stated I didn't know what I was talking about
OK here's what's happening now...
and the other vp's tried
a leverage buyout to gain
of the company. Why? Because the
basically worthless and
if they could of pulled it off
turned it around then all would of
been very rich
Luke Stefanko spoiled the fun and
is out of
retirement and back running
the company. All vp's
Stine are history.
OK, what's the
chances for you guys
who invested in VDI... consider
info to make your decision on what
Don Stine new absolutely dick about running a Post
company. However, Don Stine is the
financial wizard he
is the one
responsible for putting the
deal together in the first place.
Stine has worked
with them many
times before. Stine is
of a S.F. venture capital firm. Go
But regardless how big
of an idiot the guy is
no question that he is one of a
of real financial wizards
in this country. He was
Walt Disney and is also on boards
About Luke Stefanko, He began
business about the same time as
Thats about 20+ yrs. He has loyal
friends and many
many people in the
industry that HATE HIS GUTS
he lies and cheats people. VDI was
alot of those lies. There
happens to be a lot of
on that haven't been made
Guys the HD TV bullshit is just that. It's not going
so well...very few
stations have complied with
and the others have recieved
extentions from uncle sam to comply.
The killer of it
now is that the major studios have said no way
hell because they have yet to be
are sufficiant. HD is digital
that means it's a master of a master
degrades with copying.
The Studios don't like
Now for the ax.. Sony just announced
stopped production of the
HD TV that were to be sold
U.S. The reason they gave was based
the Studios and to avoid the
litigation that was
Bottom line is ... Luke and Don
planning a big killing from the very
pulled off the same
scam for his step father back in
with AME Inc. a similiar company like
it and it headed straight
to the celler. The US
Gov. came in
and tried to run it for a year
finally gave up. Luke and step father
made 50 million
on the deal.
Believe me or not I don't care
way or other what happens to VDI. I'm not trying to
bash them and I
knew when it started where it
headed... Its a scam, always was and
always will be a
scam. Luke is a very dangerous person... he has
gift of being a great bullshit artist
and he will
do anything to get what
wants any way he can. The
more enemies than Sadam.
sorry you invested wrong.
You would of been better
Liberty stock. But do yourselves
favor and find another industry
to invest in this
one is not good.
The expenses are out of site...
a company doesn't need to go public
profits are also sky high.
Luke pulled of a
classic... suck in
investors with the MultiMedia
hehe Luke has changed that name a
trying to find the
profitable combination. Other
he gambles on the fact that people
money than brains..
Good Luck you
Oh and BTW the internet scam is in
COURT guess Stine doesn't
know the difference, which
to be between night and day!
scratching my head on this one as well. sad state
of affairs when the only info we find is on a Yahoo
board, agreed. already down big and what I have left is
a pittance. going to move it to the back of my desk
and forget about it. maybe it comes back, probably it
becomes a writeoff.
gotta run, have to go find a
cold beer and forget about VDIM.
It's just a little depressing when the best
publicly available information on the company may be
coming from anonymous Yahoo posters with a large axe to
grind. I hope you're right, but more than that I wish I
had heeded my inner voice when it screamed around
April 1, "Where the heck was the proxy info for the $15
buyout meeting?" Arrrgh. Sthupid...sthupid...sthupid....
CEO may be bad. But, the man owns lots of VDIM
stock. Sure he could suck money out in salary. But, it
would pale in comparison to making all the right moves
and boosting the value of his shares. I'm along for
the ride. How can you go wrong at this
BTW, Jack Welch is also an SOB. But, he made so many
people so much money that everyone agreed to overlook
the fact that the man is an asshole.
we're back to $12 to $15 by year-end.
appreciated the post, but it was confusing. help
"Don Stine and the other vp's tried
buyout to gain ownership
of the company. Why? Because
stocks are basically worthless and
if they could of
pulled it off and
turned it around then all would
been very rich indeed."
What did you mean by
the "stocks are basically worthless"?
questions to follow.
As I said before its been a scam
from the very
The plan was very simple and it was
public, use all the proceeds
to buy as many post
as possible. Basically to give
impression VDI was some sort of
would go up for sale and
attract a buyer. Basically Bains
was already set in
Don Stine knows them very
If you take a look at the year end
you will see that VDI
list 2 class action suits
them as well as naming Bain as a
What I think happened is that credit
uncovered many undisclosed
law suits VDI was presently
to as well as they discovered VDI
completely truthful with
the initial financial
info. Credit Sussie basically said
FUCK YOU! Also
they had warning from
First Bank of Boston which
the purchased of AME inc. the other
Where it stands now there is
likely one or two things that has
caused the recent
One is what I stated in my other post. Could of been
Stine had lined
up someone else to buy and
him and the other VP's should take
the credit and
Or this could be happening...
guys have violated some very serious
I know off hand at
least 15-20 formal
been filed with the SEC about
activity of VDI.
The SEC works in a very quiet
They never reveal who, what,where
or why unless it
becomes a matter
of public record.
"aggressive internet plan"
has landed them in Federal
The attorney for Lightning Dubbs
is anything but a
regarded around the world as the
trail lawyer in Calif. He is
indeed a very sharp and
man. He has rep. of taking your
off along with all your money
when he gets you in
Maybe the SEC decided to roll
before this gets really nasty. Maybe!
just happens to have
business relationships with
wrong people. And maybe Stine and
the rest were
trying to get control
away from Luke before they end
taking the fall. I know for fact
that Stine had
become very suspicous
about the fact that Luke was
him for a chump and a fall guy.
Did you guys
know that Luke and Don
Have you noticed VDI has been very
last few months...
All this happening and no
it... are they covering it up. Or
the SEC in there cleaning house
trying to find out
what's going on.
No 1/4 report not even the
one saying it's going to be late.
it... also read the sec
filings they will tell you
I admit I am one those that hate
because he's ever done
anything to me or because he
ripped off some of my friends.
I hate his ass
because he thinks
nothing about pulling off these
and trust me it has made him a very rich man. But
even though I have never owned a share stock of
company I know that the stock market
vehicle that moves
this country forward and fuel
that vehicle comes from people just
like you. It
piss's me off when the
little guys get fucked like
In closing here's something that
icing on the cake.
As I write this post... at
very moment Luke and his Newlywed
are hosting a
beach party at Malibu
that they spent nearly $40,000
and the location is nearby their
$2,000,000 malibu home.
That you guys bought for
the truth. And meanwhile you guys
to read what I just wrote and most likely don't feel
so good about
Sorry Guys! I wish I
would off come
across this message b