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Cumulus Media Inc. (CMLS) Message Board

smaycs4 435 posts  |  Last Activity: 8 minutes ago Member since: Oct 14, 2011
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  • Gabelli buying more ?

  • Reply to

    Read the SEC filings:

    by smaycs4 Oct 25, 2014 5:59 PM
    smaycs4 smaycs4 Oct 29, 2014 3:51 AM Flag

    Your naivete isn't cut. Its pitiful.
    This company had 3.3 million shares for years when I owned it and didn't issue a single share.

    Now they have 80 million shares and that's after a 1 for 25 reverse split.

    They lost somewhere between $10 million and $64 million over the last 12 years. With 3 failed businesses and dozens of private placements.

    They are not a legit business. Its a pump & dump. These people live like kings off your private placement monies.

  • smaycs4 by smaycs4 Oct 28, 2014 9:45 PM Flag

    How did IVAN work out for you ?

    I saw you were long since 4/11 when it was in the $55 range adjusted. Now its around $1.50.

    Did you lose 97% of your money ?

    You might like BLGO, It will lead to a similar long term loss of capital.

  • Reply to

    Allsteel

    by smaycs4 Oct 24, 2014 8:26 PM
    smaycs4 smaycs4 Oct 28, 2014 8:10 PM Flag

    Ive already explained it. I know this company better than anyone including mgmt.

    Ive watched what this management has done for the last 12 years. You haven't. But you can see the net result of it via $64 million in GAAP losses.

    I DONT really care if you don't believe why Im here.

    Its not practical to short such scams but if it was and I shorted the day Calvert took over, I would have made a lot of money. The stock is down, I don't know, 99.5% or so.

    And the other thing is Ive seen the exact same thing with dozens of other companies over 20+ years.

    As a good man, I cannot stand by & watch them continue to scam people.

    Ive reported them to the SEC several times but to Calverts credit, its all there in the filings. Anyone reading it could & should realize they are wasting their money.

  • Reply to

    Insider Buy

    by lakesvacation Oct 28, 2014 5:33 PM
    smaycs4 smaycs4 Oct 28, 2014 5:56 PM Flag

    I made money with this stock 3 times in the past buying after the insiders & waiting for a nice move and then selling.

    This time, I started buying too soon but new insider buying gives me comfort.

    Id like to see more insiders & a lot more than 25k shares.

  • But that breakout doesn't seem to be coming. Just weak new highs rather than a several point move on really big volume. We need some shorts to capitulate and cover.

    And even a few million shares being covered could drive us to the mid to upper $20s.

    The shorts argument hasn't changed since $12.

    They are in denial of the obvious turnaround & fail to see what proper management can do for a company.

    They are stuck in the Mason era of blaming others for their failures.

    I expect continued same store sales increases for the quarter ended 9/30. +7-9%.

    Anything less would be a mild disappointment.

    But its possible they show comps of +10-12% too.

    Assuming no disappointment, TUES could have 2 more months worth of tax loss buying from the shorts who want to window dress their failures.

  • smaycs4 smaycs4 Oct 27, 2014 6:59 PM Flag

    I couldn't find much with the name. An address just now search shows:

    Salvor Fund Management, LLC is a Florida Domestic Limited-Liability Company filed on January 20, 2014. The company's filing status is listed as Active and its File Number is L14000010680.

    The Registered Agent on file for this company is Senti Wade and is located at 1720 Main Street Ne Palm Bay, FL 32905. The company's principal address is 1720 Main Street Ne Building 4 Palm Bay, FL 32905 and its mailing address is 1720 Main Street Ne Building 4 Palm Bay, FL 32905.

    The company has 2 principals on record. The principals are Wade Senti from Palm Bay FL and George Wight from Palm Bay FL.
    --------
    Salvor Fund Management, LLC ("Salvor Fund") is a multi-strategy investment firm, with investment and support for specified private and public portfolio companies. Salvor Fund with its partners, generally participates in the public equity markets within event-driven situations. Salvor Fund invests, finances, and advises in the real estate, energy, aerospace, and maritime sectors. Salvor Fund is not a registered investment advisor, nor is it registered with FINRA.

  • Great White Marine & Recreation, Inc.

    On June 19, 2001, the SEC obtained permanent injunctions against Great White Marine & Recreation, Inc. (Great White), and its former chairman and president, Alvis Colin Smith, Jr., in connection with their fraudulent distribution of unregistered Great White securities. The SEC alleged that Great White and Smith raised at least $10.8 million, that Smith misappropriated $3 million for personal use, and that Great White made a $1 million to pay investors as part of a Ponzi scheme. For more information about the SEC's action, you can read several Litigation Release Nos: 16225 (July 29, 1999), 16364 (Nov. 18, 1999), 17062 (July 6, 2001), and 17194 (Oct. 16, 2001).
    --------
    Interestingly, Augustine was involved and accused of chicanery. They lost their case.

    Augustine is almost certainly still involved in the below market private placements here.

    Whenever you see stock scams, Augustine is often involved.

  • The FACTS are solidly on my side. TRUTH is on my side.

    12+ years.
    Never profitable.
    GAAP losses of over $64 million.
    Nuway oil & gas=Belly up.
    Nuway Medical=Belly up
    ----------------
    Beep for free=Belly up.
    ----------

  • A: One's a spineless, poisonous blob. The other is a form of sea life.

  • Oct 30 will be interesting.
    Although I don't expect earth shaking news either way.

  • Read the SEC filings:

    We have never generated any significant revenues, have a history of losses, and cannot assure you that we will ever become or remain profitable.
    ------------
    We expect to incur future losses
    ----------------
    the Company has suffered recurring losses, negative cash flows from operations and has limited capital resources and a net stockholders’ deficit. These matters raise substantial doubt about the Company’s ability to continue as a going concern
    ---------
    Its being hyped because the company consistently sells below market private placement shares at 20-30 cents to people who tout it so they and the company can sell more & more shares.

  • Its right there in the SEC filings. Alongside 12+ years of continual losses.

  • Report: #1102503
    Complaint Review: John R Browning

    John Browning of the firm Law Offices of John R Browning, a PLC is the worst kind of lawyer. He took advantage of me when I needed his help the most. I hired him and went into the hospital and he ran up $60k in bills while I was out. He ruined my estate and stuck me with a very large bill. He demanded his bill be paid in full or else!!! What the heck does or else mean. Being threatened by my own attorney? I didnt authorize those bills and now he is shaking me down. John Browning deserves to have his license revoked.

    Do not hire John R Browning of the law offices of John R Browning. He is a scoundral!
    -------------

    This is a public service repost. The above report can be found on the internet for anyone to see.

  • Reply to

    Allsteel

    by smaycs4 Oct 24, 2014 8:26 PM
    smaycs4 smaycs4 Oct 25, 2014 4:04 PM Flag

    I have watched this company scam people for the last 12 years and it continues despite $64 + million in GAAP losses and almost no revenue.

    I have a moral problem with that.

    I wish I could post some of the BS press releases from years past. But they are nowhere to be found.

    Its not so much that the suckers lose money, its because the scammers get it.

    Crime pays for this team of scammers. That bothers me. The question is, why doesn't it bother you ?

  • smaycs4 by smaycs4 Oct 24, 2014 8:26 PM Flag

    They think Im you.

    But, If they had brains maybe they wouldn't be scamsters.

  • Browning maybe ?

    $64 million in GAAP losses over 12 years.

  • Each and every SEC filing for the last 12 years is proof of whats been going on here.

    The only way someone could miss it is to ignore it.

    What rational person ignores $64 million in GAAP losses over 12 years ?

  • They were well know #$%$. But the original managers were not scamsters.

    The last however many of course have been.

  • I took Baker streets involvement as a positive.

CMLS
3.77+0.08(+2.17%)Nov 21 4:00 PMEST

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