Michael Hurd is not a nice guy, i spoke with him back in June. Said to me then that Kevin and he were 50 - 50 partners with an exclusive contract.
Yet again, John Hwang, OUR hero . . .
Total incompetence, Do US and your family ALL a favor, walk away, resign TODAY !
Why did think I asked IF anyone wanted to find out "who and how" this mgt scammed us ?
Court complaint will cost a few hundred dollars, to service it another two hundred and an attorney will take a deposition pre-trial UNDER OATH. Kodiak Capital is just down the
street. This is not a threat, but a promise.
"I am starting to wonder about the credibility of management"
REALY ??? Pleeeeeeese ! What you think when .005 represents one share of your company value !
Kodiak Capital , is just protecting them selves from a manager they believed in and loaned money to
four years ago. They are exactly like many here that invested on the belief that management was
competent and a new product would produce revenue.
Kodiak Capital the senior debt holders (Kodiak Capital) refers to him as "O for 12 John"
running off to New York to announce that they have RETAINED another investment banker, Maxim
Group, " to provide strategic corporate planning.
How did that go ? How much money did process secure ? How much money did that cost us ?
New consultant out Minn ? BOD - really, Pioneer Capital - Anyone talk to Eric, as of last week
says, "still working on the underwriting" AGAIN, really, WTF John should have been camped
out in front of there offices until it was DONE.
Goes on and on ....
He was selling large chunks of stock from .14 to .085, as Kevin (president) said, "ya, I don't know
why John is doing it like that, he should have a firm manage the selling, but John was seeing the
damage to the balance sheet and serious delays from the only revenue stream PC Driver
I just have a couple questions, what was John doing when he knew PC Driver (as late as
august) had NO web site presents, support did not even know what the product was. Did John
know Mr. Hurd (PC Diver president) was ON VACATION for one month ? During a critical
start up / integration with a new product and revenue stream
Why does the company need 7,700 sq .feet of office / warehouse for three employee's ?
Look, I'm pissed, either this software does NOT work and the current management has been
lying to us for over a year or Veloxum is the real deal and we are watching the three stooges bring
it to market.
Hopeful, excellent insight !
It's my understanding that 8K should be filed, but John (ceo) has no time or money, he just takes a new
convertible to replace the expiring one. Standard practice with low end VC in California.
I believe that the original investors now are ALL-IN at 9.9 % (max), (zero chance of BK), along with the revenue numbers I'm hearing from just one distributor (Driver Support) of $5,000 +/day, its just a matter
of time that is FINALLY working in ABHI favor, as revenue stream increasing. (can you imagine IF
a NEW deal is obtained with John's buddies in KOREA ??).
IF not Pioneer funding , (in three weeks) then someone else will step up..
I believe as in the movie Disclosure (Moore/Douglas) said it best, "Just fix the problem"
IMO, Hopeful also,
Steve in Chi
ABHI is cleaning the house. The S-1 was withdrawn and $90k note was paid.
There are no notes due yet and the next one for December is probably the one company paid.
There is not one note due before 2016.
Anyone interested and willing to find out what John(CEO), Kevin (President) and Robert Radoff (only BOD) have been doing with our investment ?
Like why have they not finished the underwriting on the term sheet as of yesterday ?
Why has Kevin been out of the office for long stretches of time.
Did they know that the soul source for future revenue for the company was ON VACATION or a full month.
How much money did all the consultants cost us over the last year ? More than 92 k ????
We all understand when times go against you, but maybe we have lost any trust in BS that being feed us.
"This debt facility will give us access to up $2,500,000 in non-dilutive debt. We intend to use the proceeds to retire our convertible notes and to grow our Active Optimization business
"It sure looks pretty bleak at the moment."
Rare Risk / Reward opportunity !
Thanks for your thought Hopefull.
SCAM ? No
Incompetent Mgt, experience selling MONITORS (Billions & Billions) with a
Board of Directors who NOW have two (2) 1/16th of a penny stock to manage.
thanks for the clarification on the financing, do we really care about the company or terms, our investment
is either 0 or many times our average cost.
Those investors puking up their shares are being purchased by someone who can see the risk of .01 to
the reward of a dollar.
Revenue less expenses from the new products will be compelling.
Glad that's over . . . VERY painful !
Now, the board MUST clean house and bring in some NEW management.
Those that bought 100 k shares for $1,000.00 will be richly rewarded.