When you decide to make a decision about finances, there are many decisions to be thought out and made so you can maximize your own personal wealth. When I was on filmon chat as an ADMIN, alki told me he had stock on the market in Frankfurt and Berlin. I bought about $39,000 worth of stock and it amounted to 30,000 shares.
Alki had a signup page on his filmon site that took you to a filmon page with bloomberg. There he had the stock listed and listings of what all he was doing with the company and who all was jumping on board. Company after company seemed to be signing on. The stock symbols was 2FOA.F You could sign up and register and get 10 free shares. He told me to "tell everyone" and "spread the news". I did. I must have told 1,000 people, literally. At my doctors office, family and friends, associates at work.
Did anyone even get those 10 free shares? NO ! Yet another lie.
Later, in an email, he told me "as a stockholder you have the right to know that your 30,000 shares have grown to 300,000 shares because of a stock consolidation". The stock was taken off the stock market a few months after I had bought stock and it was held privately. AFTER he emailed me that my 300,000 shares would soon be back on the market publicly he stated that they would be worth "5x to 10x their value from the last stock price which was about .70 cents usd. "NO 10x" he said. They were going to put it back on the market in a few weeks.
WHAT'S WORSE is that even up to a week before hand he private messaged me that "next week for sure, it's going back on the market". Low and behold it came back on the stock market at $6.65, as I recall and he changed the symbol to FMX.F.
THEN he told me that my 300,000 shares were now 300 shares under the FMX.F symbol. What? that's a devaluation of about 95% !!!
I emailed him and asked why he divided my shares by 100 and devalued it. He emailed back that "I did not divide your shares by 100, I divided them by 100". ???? Yep, that's what he wrote.
I told him that CBS was suing him for not having the licensing agreements to show their pictures and he should have disclosed that from the beginning. He said he did have the right. I said "CBS GOT A RESTRAING ORDER, YOU DID NOT HAVE THE RIGHT".
He then told me those 300,000 shares were a "gift" and if I ever wanted to see any money I had better be nice. He later , told me he did not want me to have them.
He then said that he would be more than happy to buy anyone's 2FOA.F at their original price plus 10%. I told him to keep his 10% that was never part of the deal. I told him that he's used all our money for 2 years and 3 months and then just wants to pay it back? He said "that's legal". Wow. At no time did he ever tell me he was going to devalue my shares or change the stock symbol.
Again, even up to a week before they were held privately to being traded publicly he told me "NEXT WEEK". He did say, "while I cannot promise liquidity, they'll be 10x their worth". So, if I were to dump the 300,000 shares , there would be no cash until someone wanted to buy that block of stock.
Someone I knew bought about 5,000 shares. Alki refunded my original 39k and owed this guy about 5k I believe. He should have given him the 10% for those 2 years and 3 months but did not. He emailed me "I promise", to give that guy his money back plus 10%. He did not give him the 10%. That guy thinks I made up all this and strung him along for 2 yrs 3 months and now we never talk !!!
Where was his 10 free shares too? He registered and not only registered he bought 5k worth of stock. Another lie.
2FOA.F or FMX.F FilmOn.com stock. As an ex stockholder, I'd now tell anyone that my personal opinion is this stock is a "STRONG DO NOT BUY"
Alki and I got into it and its my true belief that his personal grudge got the best of him and he's ruined me. Tons of people ask me "how is your stock pick doing?". "Where are my 10 free shares?". For months, I had to try and come up with an explanation.
At the very end, alki sent me an email that stated that he'd come after me and my whole family. I emailed back that I printed that out and that if I get any prank phone calls , threats , death threats, I'd go to the local prosecutors office and tell them what he's doing to me.
I reminded him that when he came on battlecam he said some writer interviewed him for a few hours and was going to write an article about him. He said the interview "went well". Well, one day alki calmly comes on eating a bowl of soup. He said he has a number for the crowd. 555.555.5555 "Joe Mullin, call him up and give him death threats". What??
I picked up the phone and dialed the number and told Joe Mullins machine that he was about to get a lot of crank calls and exactly where they came from. I HAD to do this. Can you imagine getting death threats over your voice mail and not being able to sleep or always looking behind your shoulder to wonder who made those calls?? It was the right thing to do and I would have done it for anyone. Joe Mullin has a copy of that video. The archive on battlecam has been deleted !! Alki wrote me "you are going to get me in trouble !".
I told him, "well, do NOT make death threats against anyone". That is absolutely wrong. The world is fuked up enough without someone literally worrying at night who is making them death threat calls.
Joe Mullins article is here :
http://paidcontent.co.uk/article/419-filmon-ceo-alki-david-loopier-than-ever-in-new-video/
I have asked alki's attorneys to tell him to publicly state an apology for making the statement that "i bought that stock on the open market despite his objections telling me not to". That is an out right God damn lie !
They did not respond. I know I have a very good case. Who wants to go through with suing someone? I will because, I have known that guy 18 yrs. 16-17 of them I considered him a very good online friend.
He fed me false and misleading information about the stock. He told me to "tell everyone" and "spread the news". He's ruined me. He could care less. No one got those 10 free shares. I had to finally tell them I was duped and it's not going to happen and they are not going to get any. That guy who bought 5k worth of stock never got his 10 free shares or the 10%. He only got his original money stating "It's like I gave him a zero interest loan for 2 yrs 3 months".
I saw someone on the tv. I'm going to ask her to take up my case. Gloria Alred. Who knows if she'll say yes or no.
Alki sent Litigator one of my emails he said was "full of HATE". Alki said he was amazed at the amount of hate in that email. It wasn't hate. Read it again. It was RAGE. I not only did what he asked, I INVESTED. No one else that I knew on battlecam did. In fact, they all told me I was going to get "screwed" by investing with alki... even his mods !! Litigator told me that he got the email. I did not believe him so he told me a part of it that only Alki and I would know.
Alki said he showed it to Lit and Lit "warned him to stay away and I was a dangerous person". Litigator said he did not say anything of the kind like that to alki. He said alki called him and they spoke for 45 minutes about me. So, I said "Ok ok, so what is you opinion". He said "you got fucked". He went on to say that alki inherited his money and has never worked for it. He said "you and I work for our money". Lit said he was a self made man and alki just received a monthly check.
Even after I bought my stock on 07-08-09, I always perceived alki as a hard working, get up and move, mover and shaker, nose to the grindstone kind of guy. Back in the early 90's on "Cuseeme", he once held a round table meeting in his garage, on cam !, and wanted to get it on a cable station and do a show. It never came through.
Turns out he was from a billionaire family all this time and everyone knew but me. Even when he was on jtv saying "I'm alki david a billionaire......" I thought, "wow that's stretching the truth a mile wide". Turns out he does come from a billionaire family. Who cares.
If I had invested in Netflix instead of FilmOn, that lone purchase today would have made me about $450k, selling that stock. Today, I got nothing from FilmOn. If I lost my original investment, then I lost it. There were too many things going on behind the scenes I did not know about and if I did, I would have never invested that money in FilmOn. FilmOn or Netflix. My 16 yr friendship ONLINE ONLY swayed me to buy his stock. He said "I have a lot riding on this" and was upset.
Never make friends online. Ever. It's fake.... more tomorrow !!
7 comments:
Wow, just wow, this is very interesting to hear your side of the story. What a shame that this all happened to you.
suddenly I have mad respect for someone that's honest
jen was busy spending your money lol
Can I be's ur friend...online of course!
WWW.TROLLARMY.COM SOMEONE SAID BATTLEFAIL IS DOWN
this is posted on the woodshed blog, nice story but sorry you got rooked.
Alki is a welcher
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