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/  Forum Index
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      /  Term Sheet for New Acquisition of Amiga Games Inc.
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PosterThread
number6 
Re: Term Sheet for New Acquisition of Amiga Games Inc.
Posted on 2-Nov-2015 13:25:03
#341 ]
Elite Member
Joined: 25-Mar-2005
Posts: 9528
From: In the village

@thread

hmmm...

http://www.writmediagroup.com/

#6

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number6 
Re: Term Sheet for New Acquisition of Amiga Games Inc.
Posted on 23-Dec-2015 21:42:18
#342 ]
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Joined: 25-Mar-2005
Posts: 9528
From: In the village

@thread

Trial time is approaching finally.

This is the first Pacer update I've seen in awhile:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=119348260

Again, for reference Phil Kueber formerly of WRIT, home to Amiga Games Inc. and RetroInfinity.

And the company annual report got posted:
http://ih.advfn.com/p.php?pid=nmona&article=69696080

Utter disaster sums it up, imo.

#6

Last edited by number6 on 23-Dec-2015 at 09:45 PM.

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Darrin 
Re: Term Sheet for New Acquisition of Amiga Games Inc.
Posted on 25-Dec-2015 2:11:55
#343 ]
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Joined: 14-May-2003
Posts: 1928
From: Lake Charles, USA

@number6

Dear god, what is keeping this mess alive?

Their "company office" is about the same size as my computer room in my house. My "man cave" is over 3 and half times larger. Gives you an idea of how "large" their operations are.

All a reverse split does for them is give the stock more room to fall.

Still no products and it really looks like the NASCAR thing was just a con job to attract gullible investors which failed.

I'm sure people are queuing up to invest in a company that manages to make a loss of $2.2m without actually doing anything.

"Wages and benefits expenses increased 22.7%". Well, we can see where the cash is being siphoned off.

"Legal Fees increased 1218.6% to $38,436". I bet it did.

"Other general and administrative expenses increased to $1,641,013 for the fiscal year ended March 31, 2015 from $249,768 for the fiscal year ended March 31, 2014. Those expenses consist primarily of company’s increase in business development, consulting fees and other expenses". I love "consulting fees". A consultant is a great way to make money slide away with little or no explanation.

Lots of debts in default and some poor gits converted their debits into worthless stock.

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AmigaOne X1000, A4000(T), A3000, A2000, A1200(T), A1200, A500, CD32, Minimig+ARM, FPGA Arcade, Chameleon64, C-One, C128, C128D, C64C, C64, VIC-20, CBM 8032, Efika.

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eliyahu 
Re: Term Sheet for New Acquisition of Amiga Games Inc.
Posted on 25-Dec-2015 5:59:26
#344 ]
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Joined: 3-Mar-2010
Posts: 1685
From: Waterbury, Connecticut (USA)

@Darrin

i liked this bit:

Quote:
Revenues decreased to $0 for the fiscal year ended March 31, 2015 from $11,000 for the fiscal year ended March 31, 2014, due to a decrease in content delivered to customers, due to delays in software development, as compared to the available produced and acquired content available for distribution for the prior year.

so they literally sold absolutely nothing. nada. zip. zilch. zero. the square root of jack. all the while increasing 'personnel costs' and 'administrative costs' at the same time. how is this other than a naked transfer of the little money scammed from poor investors who bought pieces of paper to the chief scammers?

when i see things like this, i want to wretch.

-- eliyahu

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number6 
Re: Term Sheet for New Acquisition of Amiga Games Inc.
Posted on 25-Dec-2015 13:28:26
#345 ]
Elite Member
Joined: 25-Mar-2005
Posts: 9528
From: In the village

@eliyahu

Quote:
how is this other than a naked transfer of the little money scammed from poor investors who bought pieces of paper to the chief scammers?


If you followed any of my links concerning Kueber, I'm not sure you would have to ask such a question. The company has a "rich" history of scams by virtue of its relationships with certain individuals. It's all well documented.

The prevailing opinion is that Kueber squawked like a parrot (since he was the one quick to make a deal and not all the defendents are in custody).

I really expect this story to grow come January when the trial/s is/are slated to begin.

I feel obliged to repeat that Kueber's history was well documented BEFORE Amiga Inc. choose to go into business with these people. That's a fact.

#6

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number6 
Re: Term Sheet for New Acquisition of Amiga Games Inc.
Posted on 24-Jan-2016 20:03:15
#346 ]
Elite Member
Joined: 25-Mar-2005
Posts: 9528
From: In the village

@thread

As of yesterday:

Quote:
WRIT Media Group, Inc. (WRIT: OTC Pink Limited) | Tier Change Sat, Jan 23, 2016 12:00 - WRIT Media Group, Inc. ( WRIT : OTC Pink Limited) - Tier Change - The symbol, WRIT, no longer is classified as OTC Pink Limited. As of Sat, Jan 23, 2016, WRIT resides in the OTC Pink No Information tier.


Source

Quick google for the definition of this new WRIT classification tier:

Quote:
No Information

Indicates companies that are not able or willing to provide disclosure to the public markets - either to a regulator, an exchange or OTC Markets Group. Companies in this category do not make Current Information available via OTC Markets Group's News Service, or if they do, the available information is older than six months. This category includes defunct companies that have ceased operations as well as 'dark' companies with questionable management and market disclosure practices. Publicly traded companies that are not willing to provide information to investors should be treated with suspicion and their securities should be considered highly risky.


Source

#6

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Darrin 
Re: Term Sheet for New Acquisition of Amiga Games Inc.
Posted on 26-Jan-2016 20:07:32
#347 ]
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Joined: 14-May-2003
Posts: 1928
From: Lake Charles, USA

@number6

Wow. Mind you, people have given them that classification for years, only now it is official. I feel sorry for those poor suckers who lost cash "investing" in this scam.

_________________
AmigaOne X1000, A4000(T), A3000, A2000, A1200(T), A1200, A500, CD32, Minimig+ARM, FPGA Arcade, Chameleon64, C-One, C128, C128D, C64C, C64, VIC-20, CBM 8032, Efika.

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number6 
Re: Term Sheet for New Acquisition of Amiga Games Inc.
Posted on 27-Jan-2016 22:32:59
#348 ]
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Joined: 25-Mar-2005
Posts: 9528
From: In the village

@thread

Quarterly Report (10-q)

#6

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Darrin 
Re: Term Sheet for New Acquisition of Amiga Games Inc.
Posted on 28-Jan-2016 0:04:32
#349 ]
Team Member
Joined: 14-May-2003
Posts: 1928
From: Lake Charles, USA

@number6

Loans in default while they pay wages.

Here's the real scam:
Quote:
Other general and administrative expenses. Other general and administrative expenses $227,164 increased by $183,922 and 425% for the three months ended June 30, 2015 as compared to the same period in 2014. Those expenses consist primarily of company’s business development, consulting fees and other expenses incurred in connection with general operations. The increase is mainly related to the consulting fees related to business development.


This is where you syphon money away quietly: "Expenses", "Consulting", "Business Development", LOL. Sure.

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number6 
Re: Term Sheet for New Acquisition of Amiga Games Inc.
Posted on 6-Feb-2016 16:57:10
#350 ]
Elite Member
Joined: 25-Mar-2005
Posts: 9528
From: In the village

@thread

Newer quarterly report for February:

Source

It's probably easier to search such long pages by checking for activity during 2016. *shrug*

Also found this dated today:

Quote:
Sat, Feb 06, 2016 12:00 - WRIT Media Group, Inc. (WRIT: OTC Pink Current) - Tier Change - The symbol, WRIT, no longer is classified as OTC Pink No Information. As of Sat, Feb 06, 2016, WRIT resides in the OTC Pink Current tier.


Perhaps done in conjunction with getting caught up on filings. dunno.

#6

Last edited by number6 on 06-Feb-2016 at 05:31 PM.

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number6 
Re: Term Sheet for New Acquisition of Amiga Games Inc.
Posted on 8-Feb-2016 17:36:26
#351 ]
Elite Member
Joined: 25-Mar-2005
Posts: 9528
From: In the village

@thread

I heard Phil Kueber made a deal. So I'm sure he is giving up names.


Michael Sullivan is Phil Kueber's associate.

Quote:
Michael Sullivan is Phil Kueber's associate. The two of them were involved in a few other tickers together - AMWI and WRIT (probably others as well)


As the investigation continues to expand, here's a reminder of the connection to Amiga interests I've posted before:

Quote:
for reference Phil Kueber formerly of WRIT, home to Amiga Games Inc. and RetroInfinity.


#6


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number6 
Re: Term Sheet for New Acquisition of Amiga Games Inc.
Posted on 27-Jun-2016 16:33:53
#352 ]
Elite Member
Joined: 25-Mar-2005
Posts: 9528
From: In the village

@thread

After months of silence (thank gawd)...they're back with a brand new honest endeavor, which will no doubt be the turning point for the "company":

WRIT Media Group Launches Bitcoin Alternative, Pelecoin

#6


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Wildstar128 
Re: Term Sheet for New Acquisition of Amiga Games Inc.
Posted on 20-Aug-2016 7:02:53
#353 ]
Regular Member
Joined: 8-May-2006
Posts: 175
From: Unknown

@number6


Quote:
@thread After months of silence (thank gawd)...they're back with a brand new honest endeavor, which will no doubt be the turning point for the "company": WRIT Media Group Launches Bitcoin Alternative, Pelecoin #6



From what I see, I wouldn't do business with these guys.

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number6 
Re: Term Sheet for New Acquisition of Amiga Games Inc.
Posted on 6-Sep-2016 21:51:02
#354 ]
Elite Member
Joined: 25-Mar-2005
Posts: 9528
From: In the village

@thread

Sorry. I don't log in or read that often anymore, but here's what happened next:

From July:
WRIT Media Group Inc (OTCMKTS:WRIT) Looking For Bagholders

And from August:
KBM Worldwide, Inc. v. Writ Media Group, Inc. et al

More detail from Pacer

#6

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number6 
Re: Term Sheet for New Acquisition of Amiga Games Inc.
Posted on 26-Mar-2017 20:40:57
#355 ]
Elite Member
Joined: 25-Mar-2005
Posts: 9528
From: In the village

@thread

some new activity as the case comes closer to trial

#6


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number6 
Re: Term Sheet for New Acquisition of Amiga Games Inc.
Posted on 4-Apr-2017 18:12:48
#356 ]
Elite Member
Joined: 25-Mar-2005
Posts: 9528
From: In the village

@number6

Referring back to case #1 which included Phil Kueber of WRIT, home to Amiga Games Inc.:

Source

Sentencing for the other 2 individuals:

Ungovernable US Government gets exactly what they want in terms of sentence of Mulholland

Note from article: Phil Kueber still awaiting sentencing.

#6

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number6 
Re: Term Sheet for New Acquisition of Amiga Games Inc.
Posted on 16-Apr-2017 21:32:34
#357 ]
Elite Member
Joined: 25-Mar-2005
Posts: 9528
From: In the village

@thread

Another lawsuit filed against the Amiga Games people:

Magna Equities II, LLC v Writ Media Group Inc.

Why does the court document say "Write Media Group"? (page 15) heh.

#6

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