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hello dardadog I is newer from Germany wanted from you to know whether soon positive news for sssu comes? invested in sssu and do consider whether am I to again buy is? I wanted to know your opinion over sssu! I wish you much luck
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Hello Sadi. Nice to meet you. To tell you the truth, I'm not the type investor to best advise you here. Just trying to be honest. I play the pennies on the fly. Meaning, I like to play something new everyday, whatever is moving is what I am playing. I have found this to be a very informative board the past few months and I think the traders that I would pose this question to would be Mach or Mav. They are very sharp when it comes to charts and trends. Have not seen them intentionally steer anyone wrong as of yet. I did play this stock a few days ago, but I took the profit on the upswing and bailed. I don't like to wait and hope for riches, I would rather rely on my own instincts and savvy than a company boardroom of who I know nothing about their competance or capabilities. The best I can offer you here is that it does appear to be trending sideways and it closed with a lower high and a lower low. Not always tragic but more times than not it is a signal of "be very careful". As I maintain, the pennies are not for investing (1-1000 make it), but more for "playing" the upswings. Again, I would put this question to Mach or Mav as they are real sharp traders when it comes to this type of question. Sorry I couldn't be of more help.
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Sadi, No... this is not a buy at these levels. There is considerable consolidation(Profit taking) to come... even on good news. Take care. mach
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I bought gmpt before they were sssu at .016 had a sell in a .05 and was on vacation when it poped. I still do not know why. I would try to break even. I watched it sit at low levels for months. I would hate to see it drop back down and stay for a few more months. The murder by decption news is in the making for months.I would not buy at or near this level.
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I thank you for your opinion! mine english is not so good, endschuldigung!was I last week observed was mainly bright short-circuit (schw)! the price down pressed! that is not good! yes and then I have still with google that found http://www.stopyourekillingme.com/D r Meredith.html which mean it in addition? I wish you a beautiful day!
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quote:Originally posted by sadi: I thank you for your opinion!SORRY MY english is not so good, !was I last week observed was mainly bright short-circuit (schw)! the price down pressed! that is not good! yes and then I have still with google that found http://www.stopyourekillingme.com/D r Meredith.html which mean it in addition? I wish you a beautiful day!
According to this article SSSU formerly GPMT is a victim of naked shorting. In this article GPMT is named as one of the companies that had stocks ran down from shorting. It also appears after it made a run up from .015 alot of bashing has come to this board. Maybe some people got caught in that run unprepared? I feel SSSU is a good investment that will make the shareholders money.
IMO
A little message from another board.NAKED SHORTING
ABARC plans $5 trillion class action lawsuit against the United States Securities and Exchange Commission (SEC)
New York City, New York, Jan 02, 2004 (M2 PRESSWIRE via COMTEX) -- Free and Clear Press Corps - The American Bank Activities Reform Commission (ABARC) is publicly commending the London Stock Exchange officials for their swift actions relating to illegal naked short selling on the LSE.
ABARC has launched a contact campaign to unite domestic efforts of small cap companies and their stockholders ahead of a planned $5 trillion class action lawsuit against the United States Securities and Exchange Commission which will charge the Commission with negligence in enforcing the Truth in Securities Laws of the United States.
The London Stock Exchange has out enforced the United States Securities and Exchange Commission and the NASD with its severe stance on naked short selling involving Room Service (LSE: RSV).
To that end ABARC is asking stockholders and the managements of companies victimized by naked shorting to join in the planned suit as Lead Plaintiffs through an action which plans to name not only the SEC as an agency of the United States government as the key defendant in the case, but also past and present attorney`s who have worked for or represented the SEC. All told, more than 4,000 SEC registered attorneys may be called upon to tell the truth, the whole truth and nothing but the truth in the case.
Unlike the SEC and NASD, which has electronically penned almost insignificant "small fines," but which in general has left most of those involved in the practice alone, the LSE has simply ordered market makers involved in the scandal to give investors who did not receive shares their money back. ABARC claims that more than $100 billion has been lost in equity due to the SEC`s negligence in enforcing the Truth in Securities Laws, particularly as it relates to naked shorting.
In the U.S., investors and companies have separately gone to court to seek shares or compensation to seek retribution for the damaging practices of offshore companies, mostly engaged in illegal money laundering for organized crime figures in New York. Some of the members of organized crime families have managed to infiltrate the SEC, the CIA, the FBI and other government agencies and have had a revolving open door to the SEC since the first bootlegging Chairman, none other than Joseph Kennedy, took office in the 1930`s.
ABARC plans to name brokers and market makers who have been previously mentioned in U.S. actions, including E*Trade Group, Inc.; Charles Schwab; A.G. Edwards, Inc.; Citigroup; Bank of America; Deutsche Bank; Depository Trust and Clearing Corporation; FleetBoston; H. Myerson & Co.; H&R Block; TD Waterhouse Group; Ameritrade; Bear, Stearns; Credit Suisse First Boston; Deutsche Bank Securities Inc.; Donaldson, Lufkin & Jenrette Securities Corporation; Goldman, Sachs & Co.; J.P. Morgan Securities Inc.; Lehman Brothers Inc.; Merrill Lynch, Pierce, Fenner & Smith; Morgan Stanley & Co. Inc.; PaineWebber Inc.; Prudential Securities Inc.; Salomon Smith Barney Inc.; SG Cowen Securities Corporation; Warburg Dillon Read in addition to dozens of other bankers and lawyers currently under investigation by the International Bank Activities Reform Commission (IBARC).
British investors who have also invested in US stocks are not satisfied with recent actions taken by the London Stock Exchange in the Room Service action.
Nigel Smith of the Room Service Shareholders' Action Group said the offer is "totally unacceptable," and criticized the exchange for not consulting shareholders before extending the offer.
ABARC is seeking to unite stockholders and companies under one consolidated legal action to not only seek restitution but to negate the possibility of future naked shorting actions by organized crime on both sides of the Atlantic.
Some volunteers have also set up a web site called www.investigatethesec.com with over 1,000 persons and over a dozen victimized companies having signed petitions for the US Congress to intervene.
The recent discoveries at Parmalat in Italy has resulted in calls by IBARC leaders for the resignations of top Italian government officials including the head of the Central Bank of Italy and its Prime Minister. Certain attorneys who worked for the SEC during the past 15 years knew or should have known about Parmalat and its phony accounting. The US SEC only recently filed a civil complaint against former Officers and Directors, once again too little too late.
Many market makers, including Evolution Beeson Gregory, sold more shares in Room Service than existed, leaving many investors without either their funds or their certificates. The LSE told the market makers to pay investors who bought "shares" between September 25 and October 22, when trading was suspended, the price they paid for the shares plus any costs of the transactions. The British Financial Services Authority is continuing to investigate the scandal.
Trading remains suspended due to what the LSE said was the size of the short positions, but the exchange said trading should begin again after the conclusion of the settlement offer.
In an effort to cover up its negligence in the United States, the U.S. Securities and Exchange Commission has put out Regulation SHO for comment that will end January 5, 2004. Jonathan G. Katz, Secretary, Securities and Exchange Commission, 450 Fifth Street, NW, Washington, DC 20549-0609 is also to be named in the planned class action by BARC members who join as lead plaintiffs. "The SEC should have dealt with this issue in late 80`s," says one volunteer. "They are running 13 years behind and should have known and in fact did know about the issues soon to be addressed in the Federal Court of Claims."
Comments may be submitted electronically at the following E-mail address: rule-comments@sec.gov. All comment letters should refer to File No. S7-23-03.
Comments submitted by e-mail should include the file number in the subject line. Comment letters received will be available for public inspection and copying in the Commission's Public Reference Room, 450 Fifth Street, NW, Washington, DC 20549. Electronically submitted comment letters will be posted on the Commission's Internet web site (www.sec.gov).
Dave Patch, an investor who has been working for almost a decade to bring an end to the abusive naked short selling practices while bringing the attention of the mainstream media to the issue has called the recent proposed regulations "another failure to address how and why it is manipulative, abusive, and problematic and as such fails to drive to the root of the issue". His comments can be reviewed at this link: www.sec.gov/rules/proposed/s72303/depatch110603.txt
IBARC has been critical of the SEC's civil penalty judgment against WorldCom, which provided that WorldCom was liable for a civil penalty in the amount of $2,250,000,000. It further provided that, in the event of confirmation of a plan of reorganization of WorldCom by the Bankruptcy Court - which occurred on October 31, 2003 - WorldCom's obligation to the SEC shall be satisfied by the company's payment of $500,000,000 in cash and its transfer of common stock in the reorganized company having a value of $250,000,000, on the effective date of its plan of reorganization. Under the terms of the settlement, the funds paid and the common stock transferred by WorldCom to satisfy the SEC's judgment will be distributed to investor victims of the company's fraud, pursuant to Section 308 (Fair Funds for Investors) of the Sarbanes-Oxley Act of 2002.
IBARC claims that the entire $2.25 billion civil penalty should be returned to investors, not just $500 million in cash and $250 million in common stock.
IBARC also points out that the appointing of former SEC Chairman Richard C. Breeden, who is currently serving as WorldCom's court-appointed Corporate Monitor, to be the Distribution Agent to supervise the distribution of the SEC's civil penalty judgment against WorldCom, smacks of conflicts of interest since the SEC should have known about WorldCom`s fraud when Breeden was the Chairman of the SEC.
Observers of the growing revelations of SEC negligence, particularly in the case of naked short sales have said that trades "do not settle" because broker-dealers do not effect buy-ins, as required by law, and that there is an unspoken understanding that any brokerage that tries to force a buy-in will be retaliated against.
The SEC has failed to inform the public under the Truth in Securities laws who those brokers are despite the fact that it has records of every naked short sale in the market. "The SEC is covering up what could lead to a total collapse of the banking industry if every investment banker is forced to cover every naked short position in the market", says one private investigator that dared not call it international conspiracy to defraud.
ABARC has begun its campaign to contact the following companies and their stockholders to join in the suit against the SEC and the other named defendants in the class action as lead plaintiffs:
Advanced Viral Research Corp. (OTCBB: ADVR), AdZone Research, Inc. (OTCBB: ADZR), Amazon Natural Treasures (OTC: ANTD), America's Senior Financial Services (OTCBB: AMSE), American Ammunition, Inc. (OTCBB: AAMI), AngelCiti Entertainment (OTCBB: AGLC), ATSI Communications, Inc. (OTC: ATSC), Federal Agricultural Mortgage / Farmer Mac (NYSE: AGM) Allied Capital (NYSE: ALD), American Motorcycle (OTC: AMCYV), American International Industries (OTCBB: AMIN), Ameri-Dream (OTC: AMDR), Adirondack Pure Springs Mt. Water Co. (OTCBB: APSW), ATSI Communications, Inc. (OTC: ATSC) Bluebook International (OTCBB: BBIC), Blue Industries (OTCBB: BLIIV), Bentley Communications (OTCBB: BTLY), BIFS Technologies Corporation (OTCBB: BIFT), Biocurex (OTCBB: BOCX). Broadleaf Capital Partners, Inc. (OTCBB: BDLF), Chattem, Inc. (NASDAQ:CHTT), Critical Home Care (OTCBB: CCLH), Composite Holdings (OTC: COHIA), CyberDigital, Inc. (OTCBB: CYBD). Diamond International Group (OTCBB: DMND), Dobson Communications Corp. (NASDAQ CEL), Eagle Tech Communications (OTC: EATC), Edgetech Services (OTCBB: EDGH); Endovasc Ltd. (OTCBB: EVSC), Enviro-Energy Corporation (OTCBB: ENGY), Environmental Products & Technologies (OTC: EPTC), Environmental Solutions Worldwide, Inc. (OTCBB: ESWW), EPIXTAR Corp. (OTCBB: EPXR), eResearchTechnologies, Inc. (NASDAQ:ERES), Flight Safety Technologies (OTCBB: FLST), Freddie Mac (NYSE: FRE), FreeStar Technologies (OTCBB: FSRCE), Geotec Thermal Generators, Inc. (OTCBB: GETC), Genesis Intermedia (OTC: GENI), GeneMax Corp. (OTCBB: GMXX), Global Explorations Inc (OTC: GXXL), Global Path (OTCBB: GBPI), GloTech Industries, Inc. (OTCBB: GTHI), Green Dolphin Systems (OTCBB: GLDS), Group Management (OTCBB: GPMT), Hop-On (OTC: HPON), H-Quotient, Inc., (OTCBB: HQNT), Hyperdynamics Corp. (OTCBB: HYPD), International Biochem (OTCBB: IBCL), Intergold Corp. (OTCBB: IGCO), International Broadcasting Corporation (OTCBB: IBCS), InternetStudios, Inc. (OTCBB: ISTO), ITIS Holdings (OTCBB: ITHH), Investco Corp. (OTCBB: IVCO), Lair Holdings (OTC: LAIR), Lifeline BioTechnologies Inc. (OTC: LBTT), Life Energy & Technology (OTCBB: LETH), MBIA (NYSE: MBI); MegaMania Interactive (OTC: MNIA), MetaSource Group, Inc. (OTCBB: MTSR), Midastrade.com (OTC: MIDS), Make Your Move (OTCBB: MKMV), Medinah Minerals (OTC: MDMN), MSM Jewelry Corp. (OTC: MSMC), Nanopierce Technologies, Inc. (OTCBB: NPCT), Nutra Pharmaceutical (OTCBB: NPHC), Nutek (OTCBB: NUTK), Navigator Ventures (OTC: NVGV), Orbit E-Commerce, Inc. (OTCBB: OECI), Pitts & Spitts (OTC: PSPP), Sales OnLine Direct (OTCBB: PAID), Pacel Corp. (OTCBB: PACC), PayStar Corporation (OTC: PYST), Petrogen Corp. (OTCBB: PTGC), Pinnacle Business Management (OTC: PCBM), Premier Development & Investment, Inc. (OTCBB: PDVN), PrimeHoldings.com, Inc. (OTC: PRIM), Phlo Corporation (OTCBB: PHLC), Resourcing Solutions (OTC: RESG), Reed Holdings (OTC: RDHC), Rocky Mountain Energy Corp. (OTCBB: RMECE), RTIN Holdings (OTCBB: RTNHE), Saflink Corp. (NASDAQ:SFLK), Safe Travel Care (OTCBB: SFTVV), Sedona Corp. (OTCBB: SDNA); Sionix Corp. (OTCBB: SINX), Sonoran Energy (OTCBB: SNRN), Starmax Technologies (OTC: SMXIF), Storage Suites America (OTC: SSUA), Suncomm Technologies (OTC: STEH), Sports Resorts International (NASDAQ:SPRI), Technology Logistics (OTC: TLOS), Swiss Medica, Inc. (OTCBB: SWME), Ten Stix, Inc. (OTCBB: TNTI), Tidelands Oil (OTCBB: TIDE), Titan Construction (OTC: TTCS), Trezac Corp. (OTCBB: TRZAV), Universal Express, Inc. (OTCBB: USXP), Valesc Holdings, Inc. (OTCBB: VLSHV), Vega Atlantic (OTCBB: VGAC), Viragen (AMEX: VRA), Viragen International (OTCBB: VGNI), Vista Continental Corporation, (OTCBB: VICC), Viva International (OTCBB: VIVI), Vtex Energy (OTCBB: VXENE) and Wizzard Software (OTCBB: WIZD), WorldTradeShow.com (OTC: WTSW) and Y3K Secure Enterprise Software, Inc. (OTCBB: YTHK). All American Food Group Inc (OTC: AAFGQ), Amanda Co Inc (OTC: AMNA), Antra Holdings (OTC: RECD), Aquis Communications Group Inc (OTCBB: AQUIS), Avanir Pharmaceuticals (AMEX: AVN), Bionutrics Inc (OTC: BNRX), Brilliant Digital Entertainment In c (AMEX: BDE), Bravo! Foods International Corp. (OTCBB: BRVOE), Butler National Corp (NASDAQ: BUTL), Calypte Biomedical Corp (OTCBB: CYPT), Chemtrak Inc/DE (OTC: CMTR), Clicknsettle Com Inc (OTCBB: CLIK), Corporate Vision Inc (OTC: CVIA), Crown Laboratories Inc/DE (OTC: CLWB), Dental Medical Diagnostic Systems Inc (OTC: DMDS), Detour Media Group Inc (OTC: DTRM), Also, Digital Privacy Inc/DE (OTC: DGPV), Senior Services Inc (OTC: DISS), International Inc (OTC: DYNX), Endovasc Ltd Inc (OTCBB: EVSC), Esynch Corp/CA (OTCBB: ESYN), Focus Enhancements Inc (NASDAQ: FSCE), Frederick Brewing Co (OTC: FRBW), Greystone Digital Technology Inc (OTC: GSTN), Havana Republic Inc/FL (OTCBB: HVNR), Henley Healthcare Inc (OTC: HENL), Hollywood Media Corp (NASDAQ: HOLL), Ibiz Technology Corp (OTCBB: IBZT), Diagnostic Systems Inc/FL (OTCBB: IMDS), Imaging Technologies (OTCBB: IMTO), Integrated Surgical Systems Inc (OTCBB: RDOC), Interferon Sciences Inc (OTC: IFSC), Interiors Inc (OTC: ITRNA), Laminaire Corp (OTC: THMZ), Medisys Technologies Inc (OTC: SCEP), Milestone Scientific Inc/NJ (AMEX: MS), Nevada Manhattan Group Inc (OTC: NVMH), Innovations Inc (OTCBB: NTGE), Systems Group (OTC: OSYM), Pacific Systems Control Technology Inc (OTCBB: PFSY), Professional Transportation Group Ltd Inc (OTC: TRUC), Rnethealth Inc (OTC: RNTT) Sand Technology Inc (NASDAQ: SNDT), Sedona Corp (OTCBB: SDNA), Silverado Foods Inc (OTC: SVFO), Stockgroup Information Systems (OTCBB: SWEB) Surgilight Inc (OTC: SRGL), Tasty Fries Inc (OTCBB: TFRY), Tech Laboratories Inc (OTCBB: TCHL), Teltran International Group Ltd (OTC: TLTG), Titan Motorcycle Co of America Inc (OTC: TMOTQ), Trans Energy Inc (OTCBB: TSRG), Motorcycle Co (OTC: UMCC), Universal Communication Systems Inc (OTCBB: UCSY), Medical Systems Inc (OTC: UMSI), Vianet Technologies Inc (OTC: VNTK),Viragen Inc (AMEX: VRA), Webcatalyst Inc (OTC: WBCL), Worldwide Wireless Networks Inc (OTCBB: WWWNQ), and ZAP (OTCBB: ZAPZ).
Ongoing investigations by IBARC in New York, Liechtenstein, the British Virgin Islands, Grand Cayman Islands, Isle of Man, United Kingdom, Italy, Panama, and Switzerland into such funds as Laurus Master Fund Ltd., The Keshet Fund L.P., Keshet L.P., Nesher Ltd., Talbiya B. Investments Ltd., Esquire Trade & Finance Inc., Amro International and dozens of others are turning up initial evidence related to about two hundred companies in the United States whose stockholders have lost over $100 billion in value over the past decade through toxic financing schemes arranged by various organized crime syndicates managed out of New York City.
The first Bank Activities Reform Commission was started in 1993 in Portland, Oregon by a group of disgruntled homeless people who had lost their economic means due to inflation, abusive banking practices, and corruption in the global financial system.
After ten years of research and development, the group has grown international in scope and has gathered sufficient evidence on many different fronts that it believes will support the radical reform of the entire banking establishment in the United States making it far more transparent than as currently exists.
The long-range goal of the International Bank Activities Reform Commission is to put ethics in on the global financial system. The effects of its work are beginning to be felt around the world as more volunteers blow the whistle on corruption at the highest levels of various governments on the planet.
Persons and companies with knowledge of illegal naked short selling, government corruption, or who wish to join in the class action may post their case and contact information at the following web site:
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SADI Regardless of why, this company is at a tailend of restructuring. All value has been spunoff to other entitys> They have NO Contracts, NO income, and a net loss with debt they may not be able to pay. IS THIS AN INVESTMENT ?
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Which I do not understand am, why Schb presses the price down? There must nevertheless which under way be! One week ago with the photo prescription have mentioned that within one week would last to the complete financing would be complete! And that is tomorrow, must nevertheless normally the News come! http://biz.yahoo.com/bw/040105/55229_1.html
Freut mich dass du Deutsch sprichst! Der Kurs hält aber stabil bei 0,04 ich habe es mir überlegt das falls es nochmal runtergeht zu kaufen. Jetzt wo du mir rätst ich solle meine Finger weglassen. Hast du was wo ich meine Fnger nicht weglassen soll? MfG Sadi
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Silver Screen Studios Receives Complete Script for Murder by Deception Monday January 12, 5:30 am ET
ATLANTA--(BUSINESS WIRE)--Jan. 12, 2004--Silver Screen Studios, Inc. (OTCBB:SSSU - News) www.silverscreenstudiogroup.com today announces receiving the complete script for Murder by Deception. Complete Script for Murder by Deception
Silver Screen is pleased to announce the receipt of the complete script for Murder by Deception. We have received the first draft of the completed script from the writers over the weekend. We are now able to cast for the major characters in our first feature film. We will announce an open casting call in Atlanta, GA and we will also post to our web site the biography for each character who we will cast for. We anticipate casting during late January and early February for production in late February early March 2004.
Production Financing
Our legal counsel is in negotiations for the production financing for Murder by Deception. As soon as financing is secured we will make the announcement and officially green light Murder by Deception for production.
Development of Freshman Year
Our development team is developing the treatment for "Freshman Year", the story of the experiences of freshman year at college of a young male leaving home for the first time. The development will focus on producing a family centered project for a PG-13 rating enabling the entire family access to the project.
Summary
We intend to make other announcements as we near the production date for Murder by Deception, http://biz.yahoo.com/bw/031215/155331_1.html and as we make advances in our business plan.
The statements contained in this release are forwarding looking. The statements shall not be considered investment advice and the company does not make any recommendations for the purchase nor the sale of its stock through this informational release. The results may or may not occur. This release is for informational purposes only.
Our legal counsel is in negotiations for the production financing for Murder by Deception. As soon as financing is secured we will make the announcement and officially green light Murder by Deception for production.
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to murder inheriting ", if form finances correctly and, has the potential to acquire millions for SSSU. "to murder inheriting" is the history reclusive of a billionaire, who produces its death and preselects four foreigner as inheriting to its fortune. Everyone the strangers receives $100 million, if they accomplish the task in an envelope, which is given to everyone at the measured value of the will. Unbeknown to the four strangers, were preselected them by the billionaire, in order to murder four people. The murder must be the screen, which will geaufnommen for the partnership of the billionaires within 48 hours and is returned. History is a morality feeling challenge and asks the question regarding, how far one to go to receive $100 million? DIGITALLY CENTRAL DISTRIBUTION OF PLATFORM
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Group Management Corp: Silver Screen Studios enters lucrative urban DVD market with Murder by Deception.
THURSDAY , JANUARY 15, 2004 06:57 AM
Atlanta, GA, Jan 15, 2004 (M2 PRESSWIRE via COMTEX) -- Silver Screen Studios, Inc. (OTCBB:SSSU) www.silverscreenstudiogroup.com today announces its entrance into the lucrative urban direct to DVD market with it first feature film: Murder by Deception.
Urban Direct to DVD Market
A recent article on MSNBC, www.msnbc.msn.com/id/3888594/ , described the urban market as part of a $2.0 billion market, "Big market in direct-to-DVD Ethnic genres are part of the booming $2 billion direct-to-DVD market. But on their own, they`re considered too risky for major Hollywood investment." "The video business has grown to the extent that more money is generated, not just for companies that rely on lots of straight-to-video releases, but the major studios throw out a lot more money now for video than they do for theatrical distribution," Reimer says." A recent article by, columnist, Eric Patton, " Urban commercials began getting played during prime time television which boasted the highest number of urban TV shows in history. Urban-themed films dominated the box office while the urban DVD/home entertainment market outpaced the general market almost 3 to 1." www.eurweb.com/articles/columns/12302003/columns1262112302003.cfm .
The Economics of the DVD Market Silver Screen Studios to capture the revenue generated received from the distribution fee that is associated with the direct to DVD market formed its subsidiary SSSU Distributions. The fee for distributing a title ranges from 25-40% of the selling price of the title. We formed SSSU Distribution to increase the revenue potential for our business model, and to acquire products produced by other companies that do not have the infrastructure to distribute their products. A recent article in Technology Today quotes, "Consumers doubled their rental spending on DVDs from 2001 to 2002 to $2.9 billion, while DVD sales topped $8.7 billion, according to the Video Software Dealers Association's 2003 Annual Report on the Home Entertainment Industry. Its findings show that DVD console penetration rose 58% to 39 million households in 2002, up from 25 million in 2001. The report cites the next wave of growth is expected to be in high-definition DVDs. www.theaxcess.net/technology_04_1203.html .
Distributors and retailers say DVDs are walking out the door faster than windsurfers in the mid-'80s. (Almost half a million DVDs of the first Lord of the Rings installment have sold in Australia alone.)" M&A Activity in the DVD Distribution Market The above article went on to say that, " Wall Street smells the action as well as M&A fever seems to be taking the DVD segment of the entertainment industry by storm. IDT Corp. (NYSE: IDT) said it agreed to buy Anchor Bay Entertainment Group, one of the leading independent distributors of DVDs and videos, for roughly $60 million. Nutech Digital (OTCBB: NTDL) a distributor of DVD home entertainment content, announced Friday the formation of a dedicated music division. The new division, known as NuTech Platinum Concert Series, was developed to capitalize on the high return on investment possible with such products." Silver Screen Studios believes the formation of it entertainment business is timely and the market has the potential to deliver profits to its income statement.
The statements contained in this release are forwarding looking. The statements shall not be considered investment advice and the company does not make any recommendations for the purchase nor the sale of its stock through this informational release. The results may or may not occur. This release is for informational purposes only.
CONTACT: Thomas Ware, Silver Screen Studios, Inc. Tel: +1 404 522 1202 e-mail: rgwinc@mindspring.com
M2 Communications Ltd disclaims all liability for information provided within M2 PressWIRE. Data supplied by named party/parties. Further information on M2 PressWIRE can be obtained at http://www.presswire.net on the world wide web. Inquiries to info@m2.com.
SILVER SCREEN STUDIOS, INC. (OTCBB: SSSU) Part I – LIGHTS, CAMERAS, BUT NO ACTION January 14, 2004
In the movies, imagination rules, but the performance that counts is the one that takes place at the box office. So what would explain the recent performance of Silver Screen Studios, Inc (OTCBB: SSSU), a fledgling entertainment company with just $3,000 in its bank account, few other assets of tangible value, and no completed productions under its belt?
Silver Screen has plenty of plans, but then again, so did Andy Hardy and everyone else who ever dreamed of show biz success. Reality, however, intrudes, and in this case reveals a Company with meager assets, no revenues, and a long, arduous and costly road before it can claim any meaningful standing in the entertainment business.
So why does Silver Screen Studios have a market value of close to $6 million, and why have almost 120 million shares of Silver Screen Studios stock changed hands since December 29, 2003?
In other words, why do investors anticipate a happy ending? We decided to take a look.
Is That Entertainment?
Perhaps some investors were responding to a promoter who identified himself only as “Stock Pick of the Month 711” in an e-mail distributed on December 28, 2003. This particular tout’s “Market Watch News Flash” projected a ten day target price of 15 cents and a six month target price of 70 cents for Silver Screen shares. At the time, Silver Screen shares were trading at around one cent.
How could any credible analyst predict the future value of Silver Screen shares? After all, the Company had no track record and no money. From all appearances it also lacked a management team with experience in the entertainment business. The e-mail ignored such concerns, choosing instead to characterize Silver Screen as an “emerging entertainment company” which anticipated becoming “a growing force in the $75 billion entertainment industry.”
It all sounded so promising; according to the promoter Silver Screen has established a number of subsidiaries that will enable it to distribute its “content,” including movies, television shows, magazines and music. First, of course, it will have to develop that content – and that has yet to happen.
The e-mail “News Flash” claimed that Silver Screen planned to produce a “direct to DVD movie” based upon a “treatment” called “Murder by Deception.” According to the promoter, the Company had received a commitment from an investor to finance the pre-production of the project, which was scheduled to commence on November 17, 2003. It said the movie would be completed within forty five days once actual production commenced.
While this sounds intriguing, a number of key facts were omitted. What would be the pre-production cost, and exactly who had committed to finance that stage of the project? How long would pre-production take, and when would actual production start? What were the production expenses, and where would the Company raise those funds? Without that information, how could the promoter reasonably predict the future value of Silver Screen shares?
How will Silver Screen secure a place among entertainment industry leaders? The “Market Watch News Flash” claims that the Company’s management “feels strongly about their expertise, resources and connections.” It does not, however, identify a single member of management or elaborate upon the nature and extent of management’s purported expertise.
The e-mail contained no financial information and few details to support its conclusions. Rather than offer any meaningful analysis (which certainly would not have supported the bold price projections) it simply regurgitated information that supposedly came from the Company. Thus, the promoter noted Silver Screen’s plan to become listed on a foreign stock exchange and to elevate its U.S. listing to the NASDAQ Small Cap Market. The latter notion seems far fetched, at least for now. Silver Screen does not come close to qualifying for a NASDAQ listing, and will not until its revenues, the market value of its listed securities, and its stock price increase geometrically. The Company would also have to comply with NASDAQ’s qualitative standards, including the election of independent directors and creation of an audit committee.
So why did the promoter display unbridled optimism, citing – without support – the Company’s potential for “dynamic growth,” its “undervalued” stock, and its “talented, well-connected” but unidentified management team? Perhaps the 200,000 shares of Silver Screen stock that the promoter acknowledged purchasing “independently” helped color that view.
That’s Kadalak, not Cadillac
Silver Screen Studios became a public company in August 2003, the result of a reverse-merger with Group Management Corp. which had recently divested virtually all of its operations after failing to establish a profitable technology business.
Group Management’s precise status at the time of the transaction is somewhat unclear. The Company’s public filings indicated that it was working to reorganize its business – as of June 30, 2003, the date of its last financial statement, Group Management had no assets and no revenues. A May 19, 2003 press release cast a somewhat different spin on the Company’s condition. The press release stated that the Company had recently “exited Chapter 11 reorganization and would be evaluating its options and working to obtain funding.”
Just days later, Group Management announced that it was discussing possible mergers and acquisitions, hoped to enter the entertainment industry, and had retained the law firm of Rosenfeld, Goldman, Ware and the investment bankers at RGW Capital Group, Inc. to evaluate potential deals. RGW, as we now understand, also stands for Rosenfeld, Goldman and Ware.
A June 19, 2003 press release continued with this theme, reiterating the Company’s plans to enter the entertainment business, augment its management team, and identify joint venture partners. It also mentioned that the Company’s “strategic partner,” Kadalak Entertainment Group, Inc. had filed a Form SB-1 Registration Statement with the SEC to raise $3.5 million.
The June 19th press release did not provide any further details about Kadalak, but some information can be gleaned from that Form SB-1 Registration Statement. Kadalak’s principal shareholder was Thomas Ware – one of the lawyers and investment bankers who had been retained to assist Group Management. Ware and an individual named Lenord Churn were identified as Kadalak’s sole officers and directors. Lamar Sinkfield, Group Management’s CEO, was named as Kadalak’s Director of Marketing.
Ware and Churn share a business address at 101 Marietta Street, Atlanta, Georgia, Suite 1070.
But Kadalak was no Cadillac, at least not yet. The Form SB-1 did not contain any financial statements – audited or otherwise – and while the Company hoped to develop, produce and distribute film, music, video, publishing and apparel, there was no sign that Kadalak was actually engaged in any operating business.
It does not appear that the Kadalak Registration Statement ever became effective, but Group Management moved forward with plans to enter the entertainment arena. An October 6, 2003 press release declared that the Company had completed its reorganization and would now operate as Silver Screen Studios.
Kadalak had plans for a diversified entertainment business, including subsidiaries named Silver Screen Studio Group and Silver Screen Distributions. Plans changed, however, and Kadalak is now a subsidiary of Silver Screen Studios.
The Company may have changed its mission and business plan, but certain key elements remained the same – and offered little clue that the Company was in a position to assume a prominent place in the entertainment sector.
At the time of the reverse-merger, Group Management’s chief executive officer, sole director, and only employee was Lamar Sinkfield. A Form 10-K for the year ended December 31, 2002, filed by Group Management on May 16, 2003, does not include any biographical information for Mr. Sinkfield predating his association with Group Management, which began in February 2003. A March 11, 2003 press release issued by Group Management indicated that the Company had hired Sinkfield as a technology acquisition consultant. There was no suggestion that he had any background in the entertainment industry.
Ware Is The Company Headed?
Silver Screen has clung to one other significant remnant of Group Management – its relationship with Thomas Ware. Mr. Ware, who is neither an officer nor a director of the Company, has been identified variously as its “contact “ and “legal counsel” on press releases issued by Group Management and Silver Screen Studios.
He also is the Company’s landlord. The offices of the Company – first as Group Management and presently as Silver Studios – have been located at the offices of his law firm, Rosenfeld, Goldman & Ware, Inc., 101 Marietta Street, Suite 1070, since at least early 2003.
And, as we noted earlier, Ware is not merely a lawyer. Although Silver Screen’s most recent Form 10-Q quarterly report, for the period ended September 30, 2003, identifies Rosenfeld, Goldman & Ware as its law firm, Ware and his associates also consider themselves investment bankers. The Securities and Exchange Commission has raised serious questions about some of those “investment banking” activities.
On July 24, 2003 the SEC brought securities fraud charges against Ware (identified in the SEC complaint as Ulysses “Thomas” Ware) and an OTC Bulletin Board company called Investment Technology, Inc. The SEC said that Ware, who was Investment Technology’s securities counsel, and Thomas Vidmar, who was its CEO and Chairman, used false press releases and analyst reports to promote Investment Technology as a leader in on-line gambling, even though its casino website never received wagers or generated revenues. The SEC claimed that Ware and Vidmar then dumped millions of shares of Investment Technology stock into the manipulated market, reaping more than $200,000 in unlawful profits.
Ware’s law firm, Rosenfeld, Goldman & Ware, was also named as a defendant in the action, as were Small Cap Research Group, Inc. and Centennial Advisors, LLC, two firms that allegedly touted Investment Technology by distributing “analyst reports” prepared by Ware.
According to the SEC, Ware and Vidmar arranged for Investment Technology to file two false and misleading registration statements and then issued numerous false press releases and “analyst reports” recommending an investment in Investment Technology based upon inflated, unfounded claims. One of those press releases, issued on February 7, 2002, falsely claimed that the casino’s website had “accepted over 100,000 wagers on the Super Bowl, for more than $4 million.” Other press releases and reports referred to Investment Technology as a “leader” in the online gaming industry, even though the Company had no operations or revenues.
We also discovered several press releases distributed in early 2002 referencing “investment opinions” issued on Investment Technology by Small Cap Research Group and Rosenfeld, Goldman & Ware. One of those releases brought to mind the recent promotion for Silver Screen Studios. That press release, dated March 26, 2002 and headed “The Small Cap Research Group Announces Investment Opinion on Investment Technology,” claimed that Investment Technology would be seeking to generate additional revenues by forming a separate publicly traded entity focusing on the entertainment industry. Small Cap Research Group even estimated “based upon entertainment industry comparables,” that the new Company’s assets would be valued at an estimated $1.5 million.
There is no indication that Investment Technology ever consummated its planned flirtation with the entertainment industry
Just where does the Company stand with its lofty plans to carve a niche in the lucrative entertainment industry? We will review a few of Silver Screen’s pending projects in Part II of this series.
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whymejc hopefully go today down! because I want to buy today! slowly I believe in the company, if first times the film on the market is! which you mean how much money into the cashes will flow! Then it becomes however nothing more with 0,04! have a beautiful day
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A recent TheStockBroker.com alert noted that Silver Screen Studios, Inc. (OTCBB: SSSU) announced its entrance into the lucrative urban direct to DVD market with it first feature film: Murder by Deception.
SSSU is a vertically integrated entertainment operation focusing on the development, financing, production and distribution of entertainment related products.
SSSU has a current price of $0.04100 per share.
According to TheStockbroker.com disclaimer, TheStockBroker.com was compensated as followed: 500,000 free SSSU trading shares from third party - april 2003.
posted
Group Management Corp: Silver Screen Studios receives second draft of Murder by Deception screenplay and announces conference call for January 22, 2004
TUESDAY , JANUARY 20, 2004 05:00 AM
Atlanta, GA, Jan 20, 2004 (M2 PRESSWIRE via COMTEX) -- Silver Screen Studios, Inc. (OTCBB:SSSU) www.silverscreenstudiogroup.com today announces receiving the second draft of the completed script for Murder by Deception and announces an investors conference call for January 22, 2004. The details for participation in the conference call will be announced on January 22, 2004.
Murder by Deception Screenplay
We have received the second draft of the completed script Murder by Deception from our writers. We will hold a casting call in Atlanta, GA during the week of February 1, 2004 at a location to be shortly announced. The character biographies will be placed on our website as soon as our web designer prepares the proper format.
Heirs to Murder Novel Our first novel Heirs to Murder is completed and proofed. An excerpt of the novel will be posted to our week site during the week of February 1, 2004 by our publishing partner Millennium Publishing.
Funding for 2004 Production Schedule We are currently in negotiations for funding for our 2004 production schedule.
Our previously announced Asset Backed Securities financing model will be used to fund our production schedule for 2004. We anticipate an announcement during the week of February 1, 2004.
Summary
We intend to make other announcements as we near the production date for Murder by Deception, http://biz.yahoo.com/bw/031215/155331_1.html and as we make advances in our business plan.
The statements contained in this release are forwarding looking. The statements shall not be considered investment advice and the company does not make any recommendations for the purchase nor the sale of its stock through this informational release. The results may or may not occur. This release is for informational purposes only.
CONTACT: Thomas Ware, Silver Screen Studios, Inc. Tel: +1 404 522 1202 e-mail: rgwinc@mindspring.com
M2 Communications Ltd disclaims all liability for information provided within M2 PressWIRE. Data supplied by named party/parties. Further information on M2 PressWIRE can be obtained at http://www.presswire.net on the world wide web. Inquiries to info@m2.com.
Silver Screen Studios Receives Second Draft of Murder by Deception Screenplay and Announces Conference Call for January 22, 2004
TUESDAY , JANUARY 20, 2004 05:37 AM
ATLANTA, Jan 20, 2004 (BUSINESS WIRE) -- Silver Screen Studios, Inc. (OTCBB:SSSU) www.silverscreenstudiogroup.com today announces receiving the second draft of the completed script for Murder by Deception and announces an investors conference call for January 22, 2004. The details for participation in the conference call will be announced on January 22, 2004.
Murder by Deception Screenplay
We have received the second draft of the completed script Murder by Deception from our writers. We will hold a casting call in Atlanta, GA during the week of February 1, 2004 at a location to be shortly announced. The character biographies will be placed on our website as soon as our web designer prepares the proper format.
Heirs to Murder Novel
Our first novel Heirs to Murder is completed and proofed. An excerpt of the novel will be posted to our week site during the week of February 1, 2004 by our publishing partner Millennium Publishing.
Funding for 2004 Production Schedule
We are currently in negotiations for funding for our 2004 production schedule. Our previously announced Asset Backed Securities financing model will be used to fund our production schedule for 2004. We anticipate an announcement during the week of February 1, 2004.
Summary
We intend to make other announcements as we near the production date for Murder by Deception, http://biz.yahoo.com/bw/031215/155331_1.html and as we make advances in our business plan.
Please see www.latimes.com/business/custom/cotown/la-fi-blackfilms19 jan19,1,1645644.story?coll=la-headlines-business-enter for more information on the urban DVD market. (Due to the length of this URL, it may be necessary to copy and paste this hyperlink into your Internet browser's URL address field.)
The statements contained in this release are forwarding looking. The statements shall not be considered investment advice and the company does not make any recommendations for the purchase nor the sale of its stock through this informational release. The results may or may not occur. This release is for informational purposes only.
posted
SSSU: ************.com Mentions the Conference
WEDNESDAY, JANUARY 21, 2004 02:25 PM
A recent ************.com alert noted that Silver Screen Studios, Inc. (OTCBB: SSSU) has a conference call tomorrow (Thursday, 22 Jan) at 2PM EST.
SSSU is a vertically integrated entertainment operation focusing on the development, financing, production and distribution of entertainment related products.
SSSU has a current price of $0.04000 per share.
According to the ************.com disclaimer, ************.com received 350,000 free-trading shares of SSSU from a shareholder of the Company that is not employed by the Company and is not a Company insider (an unaffiliated third party) of SSSU for the interview and Company Background Information on behalf of Silver Screen Studios. The share amounts of 350,000 are received on a monthly basis. As of today ************.com has sold the last 350,000 shares. ************.com expects to receive another 350,000 when the contract is renewed in January. However, ************.com has not received any additional stock at this time.
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