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The Platinum Studios investors call we reported on previous happened last night.
We’ve been covering the antics of this well funded comics/movie production company for a couple of decades, and their financial decisions. The money must have come from somewhere. But now it seems there’s not much left. And according to a Platinum press release, we have;
the current lawsuit suing Scott Rosenberg personally on behalf of Platinum Studios’ shareholders.
The call with investors was to have had CEO of Platinum Studios Scott Rosenberg and President Chris Beall addressing issues such as
reasons why PDOS stock has so dramatically declined and is now at rock bottom prices
and
the current internal struggle and lack of checks and balances system within the company, and where exactly the company is currently located
There was clearly a lot of anger. Many were expecting the resignation of Rosenberg. So what would Scott and Chris say?
Nothing. They didn’t show. The investors did, and they chatted back and forth. Some knew more than others. And that apparently Scott had fired Chris, while Chris was trying to fire Scott and that neither would be on the call.
Chris Beall emailed one of the investors two documents, a notice of suspension against Rosenberg and a call to action for the board, with serious financial allegations made against Rosenberg.
That was three days ago. It seems in the interim that Rosenberg may have persuaded the board to reject that letter and subsequently get rid of Beall.
In an e-mail, Beall told a shareholder;
There is currently a suit against Scott suing him personally on behalf of Platinum Shareholders by Jeff Franklin. I am also going to work on gathering 10% of shareholders to open a case against him and have him removed as quickly as possible per California Corporations Code
Neither Scott nor Chris repsonded to requests made yesterday for more information. Developing…
