Mychal Simka crowdfunded $760,896 on MicroVentures in 2017. None of his companies have websites or physical offices.
Posted on December 12, 2017 at 8:06am PST FAKE COMPANIES
MicroVentures claims to perform rigerous due diligence on crowdfunding securities issuers like Bunny Bravo and SuperdopeTV.
How come to MicroVentures investors, Mychal Simka (@MychalSimka ) claimed that “A Mouse Tail” was HIS movie that HE MADE when he knew he was just the assistant casting director at @GrindstoneEnt working on a movie for @Lionsgate? @microventures @FINRA pic.twitter.com/2lh9YYpAwt— JOBS Act Title III Predatory Financing (@RegCF) December 15, 2017
MicroVentures published a blog article about due diligence containing the following information:
The important thing to remember is that, Title III or otherwise, not all investment opportunities are created equal. That's where due diligence comes in.
Due diligence is the process of reviewing a proposed investment opportunity - and the people who are offering it - before any transactions take place. Investing in private equity is inherently risky, but due diligence can help provide investors with a baseline understanding of the company. It can also help identify companies that clearly aren't ready for the fundraising process.
But due diligence can mean different things in different contexts, because different crowdfunding regulations have different due diligence requirements, as do different equity crowdfunding platforms. A registered broker-dealer like MicroVentures, for example, already has in place a process for conducting due diligence. Our evaluation encompasses the company's product or service offering, business model, intellectual property, product roadmap, leadership team, addressable market, competitive landscape, regulatory environment, user traction, historical and projected financials, and more.
Why then, when you do a Google search for Bunny Bravo or SuperdopeTV, do NEITHER of the companies actually have an official web site that investors can check out to learn more about the projects funded, to the tune of $760,000!? There's BunnyBravo.com for the movie, but that hasn't changed for a year - it's just an email list signup box. That site should contain information about the progress of the film, when it is scheduled to be released, perhaps the cover of the film, the actors involved, etc.
Considering @MychalSimka crowdfunded $760,896 on MicroVentures this year... isn't it a bit strange that neither company “Bunny Bravo" nor “SuperdopeTV" has a web site?— JOBS Act Title III Predatory Financing (@RegCF) December 18, 2017
You'd think @MicroVentures would require issuers to at least have a basic company website. @FINRA @CFPB pic.twitter.com/4izoKcJBi4
Should a company that MicroVentures is evaluating for their crowdfunding platform have a web site or at least a legitimate physical address?
In geneneral, most companies have a web site. Many also have a place of business.
If you look up the address that was filed with the SEC for either of the crowdfunded companies - Bravo Bunny, LLC and SuperdopeTV - both list the following as the company address:
Physical address of issuer: 11021 Ventura Blvd., #362, Studio City, CA 91604
Strangely, this seems to be no more than a rented PO Box for Mychal to recieve checks and file documents from. It appears that neither SuperdopeTV, Simka Entertainment, Simka Studios, or Adventures of Bunny Bravo have a physical address that they conduct business at, despite the due dilegence performed by MicroVentures.
These are the Google search results when you look up the physical address Simka filed with the SEC for Bravo Bunny, LLC and SuperdopeTV.
This is a photgraph from Google Earth. Does anyone know if SuperdopeTV and/or Simka Entertainment conduct business here in this herb shop?
Blog tags: Mychal Simka, Crowdfunding, MicroVentures, SuperdopeTV, JOBS Act, FINRA, SEC, Due Diligence, Bill Clark, No Company Websites, No Physical Address
Do Simka's Companies Exist?
Equity crowdfunding platforms were supposed to fund startups. Now theyâ€™re just trying to fund themselves. âžˇď¸Ź https://t.co/RN18EnEMcT â¬…ď¸Ź @YieldTalk @FINRA @Outline đź¤‘ pic.twitter.com/PZe9FC89mU— JOBS Act Title III Predatory Financing (@RegCF) December 14, 2017
Most Popular in Crowdfunding1) SuperdopeTV - Lack of disclosure about secret $120k/year COO recognized by SEC CROWDFUNDING DISCLOSURE 2) To SuperdopeTV investors, a MATERIAL CHANGE was intentionally kept a secret NO FORM C AMENDMENT 3) How Atty Leighton Lloyd became SuperdopeTV COO; Silencing attempt by Estelle & Kennedy CEASE & DESIST 4) How much abuse has been reported at MicroVentures? MEDIUM.COM & GLASSDOOR REVIEWS 5) None of Simka's crowdfunded companies have websites or offices DO SIMKA'S COMPANIES EXIST? 6) CAPTURED: Simka's deleted drunk investor discussion rant PRIVACY VIOLATIONS 7) MicroVentures Investor Information Privacy Breach INVESTORS OUTRAGED 8) Gipson Hoffman attorney hired to settle up on an overdue "Bunny Bravo" bill LLOYD IS COO PRIOR TO 11/28 9) Merry Christmas email is futile intimidation attempt, CC's 5 lawyers HO HO HO! WHO WOULDN'T GO? 10) Slick Lou Re-Negs on 7/19 "Bunny Bravo" contracted vendor equity issuance CAMPAIGN MARKETERS SCREWED 11) Due dilegence, privacy, & disclosure dark cloud over SuperdopeTV's crowdfunding offering PEOPLE CATCH ON 12) Bunny Bravo vendor forced to "settle out of court" ATTY. LEIGHTON LLOYD 13) Bunny Bravo campaign team (16+ people) REQUIRED by Simka to pony up cash MAKING WORKERS INVEST 14) 'TMZ' & 'Hollywood Reporter' reach out to our bloggers HOLLYWOOD CATCHES WIND
I guess the old idiom â€śfake it til you make itâ€ť has crossed over into crowdfunding, where @MychalSimka told Bunny Bravo investors that he was the brain behind â€śBirds of Paradiseâ€ť. Wrong, #deceptive and downright sick. It was a @Lionsgate / @GrindstoneEnt film NOT @SimkaEnt pic.twitter.com/vTS6wQHtnX— JOBS Act Title III Predatory Financing (@RegCF) December 13, 2017