The May Report: 1/29/2011: I live for days like this: A real pot boiler in the making: Behind the scenes at Affluence.org, as Mike Profita put it, a “rich man’s Facebook”: Why Josh Metnick just resigned this last Monday, how Doug Beazley’s contract was terminated — Momentum Capital, Randy Shipley, Bob Geras, Scott P. Mitchell, Doug Stukel, Mike Profita, Lee Wiskowski, Norm Siegel, Bill Furlong, and much more…
The May Report: 1/29/2011: I live for days like this: A real pot boiler in the making: Behind the scenes at Affluence.org, as Mike Profita put it, a “rich man’s Facebook”: Why Josh Metnick just resigned this last Monday, how Doug Beazley’s contract was terminated — Momentum Capital, Randy Shipley, Bob Geras, Scott P. Mitchell, Doug Stukel, Mike Profita, Lee Wiskowski, Norm Siegel, Bill Furlong, and much more…
Editor and publisher: ron@themayreport.com, ronaldmay@aol.com, www.themayreport.com , 773-525-3944.
Assistant editor: Melanie Adcock, iPHONE: 312-259-0610, melanie_adcock@msn.com
If you missed an article, go here: www.tmronline.com/A55951/tmrarticles.nsf/vwFullNewsletter
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TABLE OF CONTENTS
The Scoop section:
– Is Alex Zoghlin going to bolt VHT for Google?
– Briefly noted, by Ron May
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The Scoop section:
_______________________
Is Alex Zoghlin going to bolt VHT for Google?
From: Carol Stevens
Subject: Some Google buzz
Date: Tue, 25 Jan 2011 07:24:45 -0800 (PST)
To: ron@themayreport.com
Hi Ron! There is buzz that Google will be picking up someone very senior from Chicago! Alex Zoghlin. May be worth doing some scounting. -Carol
_______________________
Briefly noted, by Ron May
* We have a real pot boiler in the making.
A few data points to chew on tonight.
1. Something seemed fishy to me when the boys from www.affluence.org presented on December 8, 2011 at the Funding Feeding Frenzy. The thing that piqued my curiosity was that they had a firm AFFU that traded on the Pink Sheets, so it is AFFU.pk.
Knowing that these pink sheet stocks are notorious venues for pump and dump schemes that set off alarms.
The second tip off at the presentation for me at least was that the valuation was not liked by one of the panelists, David Beazley, who was contracted to raise money for them. They wanted to raise $3.2MM on a $6MM or thereabouts pre-money valuation. That figure did not strike me as justified, but more importantly, if their own fundraising guy is not on board with the valuation they are touting, what does that say?
2. About a month ago, I received in the U. S. mail an envelope without any return address from Carol Stream and it contained one blank page with two sentences that read something like this: Check out the ownership of www.affluence.org. Their claims to own the firm outright are not true.
The other thing that roused my suspicion was that I asked Bob Geras three or four times what his relationship was with Doug Stukel and it seemed to me that he was dodging my question, but tonight, after I left him a lengthy message, he did respond, but I am not sure how much he is vouching for Doug. Character references do matter, ya know.
3. I had already googled AFFU and found that the ownership ties back to a guy named Scott Mitchell.
investing.businessweek.com/research/stocks/people/person.asppersonId=23609586&ticker=AFFU:US
He has a website with his portfolio and Affluence is listed. So is Advanced Diamond Technologies and that really got my attention.
It dawned on me that Bob Geras could be the Kevin Bacon of the story. One of the top guys at Affluence.org is Doug Stukel, a friend of Bob’s. Doug also knows Mitch Goldsmith, Bob’s lawyer.
4. On Monday, January 24th, I met for two or three hours with Randy Shipley, who had been a consultant at Affluence.org and he had all the inside info.!
Randy told me a great deal and that will not for this report, but very soon, I promise you. Randy says that they still owe him $27K and other monies are owed by Scott Mitchell.
Other consultants including Jason Abatte, Frank Filippi, and Blake MacLeod have not been paid in full, Randy told me. He estimated that collectively they are owed $400K. Mike Profita called me late Saturday afternoon and he said that such a number is baloney.
But what they owe Randy and other consultants is a relatively minor issue. The bigger issues center on other debt they hold and the disclosures they have and haven’t made.
The overall debt they owe to Scott Mitchell whom they bought the firm from is about $2.9MM, Randy estimates. A little over $1MM of that is still owed to Scott Mitchell. And that was not mentioned even in passing at their presentation to the Funding Feeding Frenzy. Mike Profita told me that they had limited time for the presentation, but they could have said, “We’re looking to raise $3.2MM and BTW, we owe about $2.9MM.”
But they had no problem being clear that they’re trying to raise $3.2MM.
5. After my meeting with Randy which included discussion of several firms that Momentum Capital has been involved with, I decided to hold off on the story until after Affluence made its presentation on Tuesday, February 1, 2011 to BNC Venture Capital Group. They have been on the docket for weeks now. I was planning to drop the bomb after the presentation with a series of handouts for all attendees showing how they have had a “history,” shall we say of activity with Pink Sheet firms that have never made any real money.
The address of Momentum Capital is 2001 Butterfield Rd., Downers Grove, IL 60515 and the suite number is 1050. The address for Affluence.org is exactly the same as that of Momentum Capital and the suite is the same too.
6. My plan for a brilliant surprise attack — if I do say so mee-self
— was derailed this afternoon when I got home from dialysis and looked at my mail.
You know, I love this job more than anything else I could possibly be doing. This last week was completely shot in terms of productivity for TMR with the depositions for my federal court defamation case and it exhausted me, but man it was fun! My old boss Scott Upp used to say that you need three things to be successful: Make money, have fun and grow. Well, two out of three ain’t bad. I learned a lot not only about that brokerage firm I can’t name, but also about how lawyering works and I think I would have actually made a good one. But that was a fork in the road I did not take. I was able to get some lawyerly practice though by asking questions of the possible witnesses including the plaintiff, but I digress. How can you beat great stories like this one with all the characters in Affluence?
And I live for days like this.
Anyway, back to the story.
I noticed that I had received an event notice from Len Bland for the presentation of Affluence on Tuesday evening.
When I looked at it, it hit me right away that Affluence was not on the list.
I immediately called Len Bland and he hemmed and hawed about it. He said that they pulled out and he could not say why. He told me that he had gotten word indirectly that they were not presenting and he would not say more.
I told him that it is just as well since he and his BNC VC Group would have looked pretty silly by the end of the evening. I told him of my plan to have a folder ready for each attendee which I would discreetly pass out after the presentation. Len reminded me that BNC does not do due diligence, but it does offer coaching on how to present.
Then the sh** hit the proverbial fan. This afternoon and early evening I have talked to Doug Stukel, Mike Profita, Josh Metnick, Randy Shipley, Melissa Harris (an investigative columnist for the Chicago Tribune who is vacationing in New Orleans), and several others. I have left messages for David Beazley, Bob Geras and after I send this out, I will call Mitch Goldsmith.
7. Here is the news from this afternoon and evening.
7a. Josh Metnick resigned his consulting position at Affluence.org on Monday, January 24th.
7b. On Thursday, January 27th, Affluence.org terminated its contract with David Beazley of Kinsale Capital Partners, www.kinsalecapitalpartners.com. I assume that shortly thereafter Affluence pulled out of its planned presentation to BNC.
7c. According to both Stukel and Profita, the BNC presentation had been set up by Beazley which is probably why it was canceled. Mike Profita told me that they are working with a couple of other fundraisers and the other fundraisers told them not to waste their time with BNC VC Group because they have not raised any money at BNC VC Group for anyone.
Fair is fair. I left a message with Len Bland asking him if he has a response to that. Regardless of the truth or falsity of the claim that your group has not successfully raided capital for presenters, you do have an issue here Len and David Carman. And David Culver and others too. We could throw in midVentures as well. All the folks who put on events where firms present do not really do due diligence on the firms that present and they are not paid to do it. I understand that. But your reputation in running fora for firms to present is on the line when the firm turns out to have problems. So, a word to the wise is at least do some checking and if it seems too good to be true, it probably is. Len Bland and David Carman in particular, get off your kick about coaching firms on how to present. Len told me today that he does not require that firms give them their balance sheets prior to a presentation. Perhaps you should require that a firm gives you with their financials as a pre-condition for presenting. Dave Culver, Andy Nadler and Bob Bock, you should be thinking about this too. I know that the one person who claims to do a fair amount of vetting on the front end is Dennis Serio. I honestly don’t know about Ron Kirschner or HPA. BTW, Kirschner has an event on Feb. 7th and I will have that notice for you in the next report.
7d. Josh Metnick (fka Schneider) and I talked about many things for almost an hour, but with respect to Affluence.org, Josh said:
7d1. He was there for ten weeks and hired on as a 1099 consultant.
7d2. He was happy with the technology and the product and thinks the world of his buddy Blake MacLeod.
7d3. While he is not accusing anyone of wrong-doing, and he made that clear, he felt hindered and stifled in his attempt to do due diligence on the financials of the firm. He specifically told me that his requests for information were not responded to in a timely manner and he got irritated by it. At one point in our conversation Josh said something about someone telling him they would have it in two weeks and then nothing happened. Both Stukel and Profita were complicit in the foot dragging, Josh said. And he added that what he did find out about the capital tables or capital structure did not sit well with him.
7d4. While this was going on, Josh received an invoice from Randy Shipley for $27K which surprised him since he did not know Randy and did not know what the invoice was for. Josh has now talked to Randy several times and I know they spoke Wednesday after Josh resigned on Monday.
7d5. Josh said that when they raised money, he would have been given the title Chief Strategy Officer.
7d6. Josh did say that they had stopped paying him, but my mistake here. I did not pin him down on specifics.
7d7. I believe that David Beazley and Blake MacLeod came on board because of Josh.
8. My first conversation with Doug Stukel was a typical Ron May Classic along the lines of “I’ll visit you in jail” and “There could have been fr**d here.” Doug actually called while I had Josh on the other line. Doug is a likeable guy — he actually reminds me of my brother Paul — with the usual glad hand routine.
My next conversation with Stukel was much calmer. Doug said that they would meet me anywhere and show me everything. I hope that they do just that. We have set up a meeting for Thursday at 1:30pm at The Bagel and no, I am not selling spectator tickets right now.
Mike Profita and Doug Stukel will be there and I hope to get one or two others but Josh Metnick and Randy Shipley are bowing out. See Josh’s note below.
Stukel told me that they were not happy with Josh’s work, that he was only ten hours a week and they questioned whether he was even putting in that time and he added that Josh had told them he was mostly interested in selling www.Chicago.com. Stukel told me, “I don’t even know what it is.”
Doug told me that he hopes I am as fair to him as I am to the people who have a beef with him and he added “You’re not going to listen to a couple of disgruntled former consultants, are you?”
Interesting! How soon the long knives come out. Josh is gone for just five days now and already he’s a “disgruntled former consultant”? Randy left in March or April of 2009, I believe. Doug, remind me not to get into a street tussle with you.
The short answer to that question is “Yes, Doug, I am going to listen to them, but as with everything, I will keep an open mind and question it.”
Randy Shipley had told me in our meeting on Monday that he felt that Josh was just being used by these guys and that they brought Josh on to lend credibility to their venture. I mentioned this to Josh and he agreed that this theory is believable. But Josh, I have to say, with as many years in business as you have, shame on you buddy. You have to do the due diligence up-front, not on the fly when they have already used you to bolster their street cred.
Mike Profita told me three or four times that Josh is under a confidentiality agreement. Randy Shipley told me that he does not believe that is true. Either way, Josh told me nothing I did not already know and he did not disclose specifics of the financials.
But this kind of begs the question, don’t ya think?
If Stukel is saying he will show me everything, then that includes the three PPMs they have issued and the balance sheets, etc., correct?, so what is left to show after that?
9. My conversation with Mike Profita was much calmer than the one with Stukel from the get-go. Mike said that Josh had resigned and David Beazley had had his contract terminated. Mike told me that Josh is under a confidentiality agreement and repeated it several times. BTW, David Beazley was on the judging panel at the Funding Feeding Frenzy and he did disclose his relationship with Affluence.org.
Mike Profita told me that the $400K figure that Shipley had given me for what the consultants are owed is nonsense but he did not give me an alternative figure. He also said that there were people who are trying to steal their stuff. I asked him what he meant and he told me I would hear about it Thursday. I had talked to Randy Shipley about his involvement with a site called www.billionairexchange.com. The truth is that Randy had disclosed that in our meeting on Monday and he went even further.
At the Funding Feeding Frenzy, Melanie Adcock asked an excellent question. She asked the presenters, including Blake MacLeod, where their mobile app is. In my meeting with Randy on Monday, he showed me the mobile app — at least the screen shots for it. Melanie actually hit a key point. The functionality of the Affluence site needs work and Randy’s point was that the consultants were not going to do that work for free. Randy Shipley showed me the screen shots from the mobile app.
Mike Profita did not come right out and say it, but he implied that Randy Shipley might be among those who are “trying to steal” their stuff. Randy’s response to me was that he is working on a site that could be considered a competitor, but he said that he did not walk off with the property of Affluence.org and that they had bought out his publication when they brought him on — and I may be a bit off on that one.
Randy made one thing clear to me. He is not talking to me just so that he will get paid what they owe him. His concerns are far broader than that. He has studied the pattern here and he would like to save current and possible future investors a good deal of grief. There are some prominent people invested in the firm, he told me, but he will not name them now in order to protect them.
Here’s something very interesting. Mike Profita told me at the FFF event that he had been consulting for a firm called Momentum Capital. But today on the phone, for reasons I can only guess at, he seemed to me to be distancing himself from the Momentum Capital connection.
Mike’s LinkedIn profile lists his current position as:
+++++++++++++++++++++++++++
Attached is a screen shot from 01-29-2011 and a download of his profile from
LinkedIn. The apple does not fall far from the tree.
This is copied from LinkedIn -
Current Title –
Partner and Managing Director at Momentum Capital Company
+++++++++++++++++++++++++++
Mike said that he has consulted with Momentum Capital and they DO share the same office, so what’s the big deal about admitting that he is with them?
Could it possibly be the companies that Momentum Capital has a history of involvement with?
Secured Digital Storage Corporation, SDGS.PK
Capital Growth Systems, Inc., CGSYQ.OB
Naerodynamics, Inc., NDYN
Mike’s current positions as listed on LinkedIn are:
++++++++++++++++++++
Current Positions
* CEO at Affluence Corporation
* CFO at Secured Digital Storage – A Momentum Capital Company
* CFO at NaeroDynamics – A Momentum Capital Company
++++++++++++++++++++
So Mike, what gives? You are in the same office with them. You hooked up with Momentum in 2009. Why bother to create distance now when it is so obvious and you have not denied it in the past??
10. There is one other person who needs to be mentioned here.
Lee Wiskowski who is also involved in Momentum Capital and who ran Mountain West Exploration, Inc. for a time. I believe that Mountain West was bought in a reverse merger and is no longer traded. But you could check on www.pinksheets.com for the info. The symbol was MWXI.OB.
Back about ten years ago, Lee was actually the president of that brokerage firm I can’t name for legal reasons you know. Lee is involved with a gold mine firm out in Nevada these days which is why we did not see him at the Funding Feeding Frenzy event in December.
Lee and Doug Stukel go back eight or nine years with Momentum Capital.
There are many other stories and many other people involved in these firms. Norman F. Siegel is one of them. Norm Siegel’s wife is on Dawn Geras’ board for the Save Abandoned Babies Foundation. Norm was high up at Barclay’s at one point.
Another Scott P. Mitchell firm was ThinkPartnership which I believe became Kowabunga which became Inuvo which I think is a publicly traded firm. On the board of these firms were two of our finest, Bob Geras and Josh Metnick.
Yes, I never thought I would live to see the day that Robert T. Geras and Joshua Kestral Metnick would be on the board of a company whose business included in no small part a pornography site! They did extricate themselves from the firm and that story took up some of the time that Josh and I talked today. But let me say that according to Josh, they wanted to do the responsible thing and they did have a fiduciary responsibility. They could not just dump the firm, he said and they did end up selling it for below fair market value. And it was generating quite a bit of revenue, Josh noted — “in the millions,” I think he said.
No one in Chicago high tech has been left out today. Howard Tullman’s name even came up talking to Josh today. I forget the exact context, but it had to do with one of Josh’s sites Guitar.com and Howard’s involvement in music sites.
When the story is fully told, the headline has already been written: Geras and Metnick top list of Chicago’s secret porno-preneurs
Pretty funny, huh? That’s why we have the best headline writers here at TMR.
Hey, we’ve got to have some fun. The Bears are not in the Super Bowl. The election is pretty much over with it looking like Rahm will walk away with it on the first ballot. The weather is cold and dreary. What else is there to do but read a pot boiler in The May Report?
The real power behind the porn sites is Scott P. Mitchell. There are a whole slew of sites under the rubric of Cherish, the operator of many commercial dating properties through Cherish’s wholly owned subsidiary and I could not pull up any of these sites — www.vintacom.com. The dating sites included: www.dreammates.com, www.singleme.com, www.passionatepersonals.com, and www.relationshipexchange.com.
Another name that has come up in the Affluence.org story is that of Bill Furlong. He walked as I understand it from Randy and his name does appear in some of the documents I have seen.
Let me end with this tonight.
How many members does Affluence really have? They said 57,000 at the Funding Feeding Frenzy event. That is not so, according to my information and the 57,000 figure is off significantly.
How many active members do they have?
What is the real background of the founder Scott Mitchell?
How much money did Scott Mitchell get to leave in 2009?
How much money does Affluence.org owe?
Here are some of the notes I have received today with respect to these stories.
++++++++++++++++++++++
From Bob Geras:
Subject: Re: Sit down: Stukel, Profita, Geras?, Shipley?, Metnick?,.Th, 1:30pm, The Bagel.
Date: 1/29/2011 8:16:26 P.M. Central Standard Time
From: bob@vcbob.com
To: josh@chicago.com
CC: RONALDMAY@aol.com, michael.profita@gmail.com, dstukel@aol.com, dbeazley@kinsalecapitalpartners.com, rshipley@billionairexchange.com, mmharris@tribune.com, mgoldsmith@shefskylaw.com, len_bland@conceptequity.com, david@mentormastermind.com, melanie_adcock@msn.com, blake.macleod@gmail.com
Hi Ron,
I honestly know next to nothing about Affluence.com. I never got involved with the Company. Michael Profita is a brother of Rick Profita with whom I worked a few decades ago. Seems like a good guy. I’ve known Doug Stukel for a number of years, have been involved with him in a few deals a while back and consider him a friend. Other than that, Ron, I really don’t have anymore to enlighten you with on the subject. Sorry.
Bob
On Sat, Jan 29, 2011 at 6:39 PM, Josh Metnick
Ron,
I thought we had a good discussion over the phone. I have no intention of sitting down to discuss this in a group pow-wow, particularly with individuals I chose to disengage with for a reason.
I resigned last week after I felt various financial disclosures I was asking for were not coming forth on time. Other individuals or investing entities may feel differently, they may feel there was adequate disclosure. There is no sarcasm there but I am not in that category.
This company has around a three year history from what I can surmise. I was involved with them for ten weeks, in which I recruited best CTO the company has had as of yet – Blake Macleod, who is additionally copied here. I resigned around the tenth week after being formally involved.
Randy Shipley called me and said that he and I were being cast as “disgruntled consultants.” Randy has his own and past issues with the company, and Randy is the best source for those issues.
The company is a few years old. I was engaged with them for about ten weeks and left because I did not feel that there was adequate disclosure of financial information. I did communicate with Scott Mitchell at some point, and he, along with Randy Shipley, were the most forthcoming with information.
I do believe in their core idea – that is why I got involved and excited from the beginning. As far as the financial structure of Affluence-you, Ron, probably have a better idea of that as I do at this point.
Regards,
Josh
From: RONALDMAY@aol.com [mailto:RONALDMAY@aol.com]
Sent: Saturday, January 29, 2011 4:55 PM
To: josh@chicago.com
Cc: michael.profita@gmail.com; dstukel@aol.com; dbeazley@kinsalecapitalpartners.com; rshipley@billionairexchange.com; bob@vcbob.com; mmharris@Tribune.com; mgoldsmith@shefskylaw.com; len_bland@conceptequity.com; david@mentormastermind.com; melanie_adcock@msn.com; ronaldmay@aol.com
Subject: Sit down: Stukel, Profita, Geras?, Shipley?, Metnick?,.Th, 1:30pm, The Bagel.
+++++++++++++++++++++++++++++++
From Josh Metnick
Subject: RE: Sit down: Stukel, Profita, Geras?, Shipley?, Metnick?,.Th, 1:30pm, The Bagel.
Date: 1/29/2011 6:39:28 P.M. Central Standard Time
From: josh@chicago.com
To: RONALDMAY@aol.com
CC: michael.profita@gmail.com, dstukel@aol.com, dbeazley@kinsalecapitalpartners.com, rshipley@billionairexchange.com, bob@vcbob.com, mmharris@Tribune.com, mgoldsmith@shefskylaw.com, len_bland@conceptequity.com, david@mentormastermind.com, melanie_adcock@msn.com, blake.macleod@gmail.com
Ron,
I thought we had a good discussion over the phone. I have no intention of sitting down to discuss this in a group pow-wow, particularly with individuals I chose to disengage with for a reason.
I resigned last week after I felt various financial disclosures I was asking for were not coming forth on time. Other individuals or investing entities may feel differently, they may feel there was adequate disclosure. There is no sarcasm there but I am not in that category.
This company has around a three year history from what I can surmise. I was involved with them for ten weeks, in which I recruited best CTO the company has had as of yet – Blake Macleod, who is additionally copied here. I resigned around the tenth week after being formally involved.
Randy Shipley called me and said that he and I were being cast as “disgruntled consultants.” Randy has his own and past issues with the company, and Randy is the best source for those issues.
The company is a few years old. I was engaged with them for about ten weeks and left because I did not feel that there was adequate disclosure of financial information. I did communicate with Scott Mitchell at some point, and he, along with Randy Shipley, were the most forthcoming with information.
I do believe in their core idea – that is why I got involved and excited from the beginning. As far as the financial structure of Affluence-you, Ron, probably have a better idea of that as I do at this point.
Regards,
Josh
From: RONALDMAY@aol.com [mailto:RONALDMAY@aol.com]
Sent: Saturday, January 29, 2011 4:55 PM
To: josh@chicago.com
Cc: michael.profita@gmail.com; dstukel@aol.com; dbeazley@kinsalecapitalpartners.com; rshipley@billionairexchange.com; bob@vcbob.com; mmharris@Tribune.com; mgoldsmith@shefskylaw.com; len_bland@conceptequity.com; david@mentormastermind.com; melanie_adcock@msn.com; ronaldmay@aol.com
Subject: Sit down: Stukel, Profita, Geras?, Shipley?, Metnick?,.Th, 1:30pm, The Bagel.
+++++++++++++++++++++++++++
From Josh Metnick
Subject: RE: Josh, contact info. for Howe, Tuckman?, and the stock symbol, please?
Date: 1/29/2011 7:43:16 P.M. Central Standard Time
From: josh@chicago.com
To: RONALDMAY@aol.com
CC: bob@vcbob.com
Ron,
Their contact emails are below. The ticker symbol is INUV.
Bob has not been on the board for years. I have not been on the board for a year or so.
I credit Mitch Tuchman, and Richard Howe with a turn-around of this company. When Richard joined the company, his first order of business was selling the dating side of the company, which he successfully accomplished. It was a tough decision to make because it was generating cash, but it was not a line of business the company wanted to be involved with long term.
Regards,
Josh
From: RONALDMAY@aol.com [mailto:RONALDMAY@aol.com]
Sent: Saturday, January 29, 2011 5:17 PM
To: josh@chicago.com
Cc: ronaldmay@aol.com; bob@vcbob.com
Subject: Josh, contact info. for Howe, Tuckman?, and the stock symbol, please?
++++++++++++++++++++++++++
From Dawn Geras
Subject: Re: Dawn, do you know a guy named Norm Siegel? Was he tied to SAB charity?
Date: 1/25/2011 3:46:16 P.M. Central Standard Time
From: dawn@SaveAbandonedBabies.org
To: RONALDMAY@aol.com
Yes, I know Norm well. His wife, Kellie, is on the Save Abandoned Babies Board. They are both HUGE supportors of SAB and great peopel.
Dawn Geras
President
www.SaveAbandonedBabies.org
www.facebook.com/SaveAbandonedBabies
Phone: 312-440-0229 Fax: 312-440-0805
55 E. Erie St., #2905
Chicago, IL 60611-2255
On Tue, Jan 25, 2011 at 3:14 PM,
+++++++++++++++++++++++++++++
This just in from Randy Shipley:
Subject: RE: Sit down: Stukel, Profita, Geras?, Shipley?, Metnick?,.Th, 1:30pm, The Bagel.
Date: 1/29/2011 10:36:11 P.M. Central Standard Time
From: rshipley@billionairexchange.com
To: RONALDMAY@aol.com, josh@chicago.com
CC: michael.profita@gmail.com, dstukel@aol.com
I would be happy to, and have offered in the past (on more than one occasion) to set up a group meeting with all and any that are invested (debt, equity and creditors) in Affluence with Doug and Mike to attend and present the group with a the plan and full disclosure. I have purposely let those that are not currently vested in Affluence off my response to this request, as to the best of my knowledge none that I left off are currently vested in Affluence in any fashion.
I have absolutely no inclination to do one on one meetings as they have proven fruitless in the past. If Mike and Doug agree to a meeting with invitations to all that are owed money by Affluence then I am in, and would help facilitate this meeting.
Ron, while I never knew who you were until this week, I appreciate your efforts to get to the truth of this matter so have included you.
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From: RONALDMAY@aol.com [mailto:RONALDMAY@aol.com]
Sent: Saturday, January 29, 2011 4:55 PM
To: josh@chicago.com
Cc: michael.profita@gmail.com; dstukel@aol.com; dbeazley@kinsalecapitalpartners.com; rshipley@billionairexchange.com; bob@vcbob.com; mmharris@Tribune.com; mgoldsmith@shefskylaw.com; len_bland@conceptequity.com; david@mentormastermind.com; melanie_adcock@msn.com; ronaldmay@aol.com
Subject: Sit down: Stukel, Profita, Geras?, Shipley?, Metnick?,.Th, 1:30pm, The Bagel.
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