Well, their story apparently sounded good to many other people as well, and the company has been able to raise more than $3 million in funding. However, that not having a product thing can get you into trouble with sed investors.
I know I've introduced several people to this company and I hope I haven't led them toward any investments they regret. I also hope that company principal Joe Doll's claim. "We never intended to do anything wrong.We were engineers who may not have known all the rules," is true.
I asked a couple of compression engineering experts to take a look at this technology and it never really went anywhere. Also, I find Accelerated's expectations regarding their opportunity in the document imaging market to be highly unrealistic - even moreso as the market has matured since the first I talked with them, but their expectations have not. Do I think they are a fraudulent operation? I never had that impression, but I guess you never know. Do I hope their technology is as great as they tout it to be? Certainly, because, if it ever does work, it could do some great things, but I'm still not sure about their business plan of starting in this industry.
That's all I have to say about Acceleated I/O for now. Does anybody else have an opinion/thought and Joe Doll and his proposition of compression through "continuous mathematical equations?".
30 comments:
i see the Joe Doll has completed his Color Segmentor and has sold some copies. This will greatly assist the graphic artist. what do you think
In the first case, Pac-n-Zoom (Accelerated I/O's technology) is not a "compression technology" it is a signal conditioning technology which might be why the compression engineers had few comments. Signal conditioning extracts the signal from noise. Since the signal is smaller than noise, compression (sometimes extreme compression) occurs. Compression techniques can be run on the signal after it is extracted from the noise.
In the second case, we have shipping product, Pac-n-Zoom Color.
In the third case, we were sued by Colorado (not the SEC). Over 90% of the investors believed us rather than Colorado, and the law suit was settled out of court.
In the fourth case, document handling has never solved the problem they call "imaging" (aka, signal conditioning), and we expect to have a significant impact on that market in the next 12 months.
I concede your point about the technology taking too long. In some cases, invention just doesn't go as planned.
Joe:
Thanks for your comments. I assume "Joe" is Joe Doll, who is the lead engineer at Accelerated I/O. I apologize for mis-defining your technology. Thanks for the explanation, which makes things clearer. Also, I didn't say you were sued by the SEC, I used the term "sed investors," meaning aforementioned, and apologize for any confusion that created (it's kind of an out-of-use word.)
Also, I'm glad to hear you are moving forward and look forward to checking out your document handling technology when it becomes available.
The judge issued a summary judgment against the defendants for securities fraud and illegal sale of securities. Colorado got a permanent injunction against them.
The SEC started an investiagtion of Doll December 2011. He is not shipping a viable product.
Web site advertises a Pac-and-Zoom service for vectorizing photographs. Do you have any link to reference about the SEC investigation that you said began last year? Thanks.
Joe Doll has finally delivered. AI/O now has a website where people can go and convert a raster photo to an svg and then animate it! This is just the start as it looks like everything he has been saying all these years is coming true. The whole way web development will be done in the near future will be impacted by this new technology that Joe has released.
Don't buy its a scam!!!!They make promises that never happen!Beware!Dont be fooled.!
And now they are begging those investors who have been in the Company for a decade or more with zero return to "give more" in a new Stock sale at .75 cents per share, oh boy! How do you have more stock in a Company that has not grown in value?
Joe does not fool anyone, I'm an investor and I've got a chance to see
Joe's product, which will be launched officially very soon.
Anyone who is a software developer or who has IT background understands that sometimes it's tricky to give timeline on software project. Sometimes it might take longer than expected.
Shares are long term investment, you can't buy stocks in the morning and expect returns in the evening! In 2008, I bought stocks in a reputable company at $30 per share, 3 months down the line, the price dropped to $19 per share, right now, the company is selling shares at $14 per share. Joe's case is not different with any other company. Joe needs that .75 cents for the company to grow in value. Without the .75 cents, the product might take a little longer.
^^^ LOLz!
I believe the investors will be seeing some big profits very soon, and all the negative people will be eating their words. Have faith.
I purchased stock in 2007 and was told need to buy quick as it will not be sold anymore after about 3 weeks Ha ha could 99.9% guaranteed to make 50, 60 ,80 time investment within 2 years., there still selling stock with no revenues ever!!!!,(also stated could get your money back at any time) but they Joe Doll, Gary Henson and Jerry Ferguson are getting paid!!!! Its a scam don't be fooled, they dont give your money back and they dont have a product
I have filed a complaint with the Colorado SEC and also the Oklahoma SEC, Colorado SEC has started "another" investigation, Oklahoma SEC was notified this week, they are going to investigate. It wont get my money back but it will stop them from further scamming people.I have contacted other investors to file a class action civil suit.
As a stock holder my advice is don't waste your money, lots of talk nothing happens. They keep selling stock, no revenues because they don't sell anything! imagine that!They have sold millions of dollars in stock. Wheres the money?I was told I would make big $$$$$$$$ it would take about 2 years to take to market, its going on 7 years and they tell me they have made 0 revenue? Pardon me revenue from products, they have made revenue from stock sales. I was told my money would be returned a year ago, good thing i didn't hold my breath ha ha. Anyone that would like to discuss this with me leave a message here and i would be more than glad to talk to you.
Glenn - talk to me, whats going on with the software. I cannot get any more info. I was one of the original stock holders and have moved twice since. SHould I just write this off on my taxes?
Yes, I work for Larson Financial and these guys are a bunch of scum bags. Joe Doll has been sued for fraud tons of times. I worked on their case while I was an associate at Larson Financial, they couldn't even work with us.
I don't know that there is any validity to that last comment and it does not represent the opinion of DIR or anyone associated with our publishing organization. That said, in the interest of free speech, I'm going to let it stand, with the addendum that "tons of times" may be an exaggeration, although Doll has definitely been sued at least once.
Gone, the year another
Like each and every other
A product soon for sale, investor paychecks to fill the mail.
Never fail, always fails....
Woo hoo, and have a Pac-n-Zoom New Year!!
What more can be said!!!!!! Ive filed complaints with the SEC, but these guys stay under the radar !!! keep selling stock! no revenues! every week in their e-mails they state we are there just need to fix one thing LOL been saying this for years!!!!! maybe one day the SEC will nail their asses.
Negative review @ Denver BBB
https://www.bbb.org/denver/business-reviews/mailing-lists/colorcom-in-broomfield-co-12038730/reviews-and-complaints
I first invested in Colorcom in 2004. I invested $40,000 units. I have rescinded over the years and now have 12,000 units remaining. I have been trying for the last three years to rescind my investment with the inventor of the product himself. The responses were full of false promises, telling me he would rescind in a few months, even lately, "in a few weeks". As a single mom, I feel taken advantage of and certainly feel as if my voice and request has not been heard. In his last response to me he wrote, "you could go on and on" and it wouldn't make a difference. I feel I have to let people know how badly I have been treated. Also, it has NEVER produced a return!
All of your investments likely went into lawyer fees for this monster http://www.broomfieldenterprise.com/news/ci_30953825/suspect-killing-broomfield-boy-4-face-first-degree
I also got scammed by these bastards. I would be interested in joining a lawsuit.
Dave. 520-331-3642
I would be interested in talking to anyone who also feels they have been defrauded by this company and is interested in taking appropriate action, including with Colorado regulatory authorities (again) and potential outside counsel.
I invested in 2007 1200.00 they said my return would be 120,000.00 nothing yet..
Have your investors received any payment for their investment all these years later?
It’s now 2023 and from my understand, he’s now scamming people on batteries for electric vehicles!
I listened to a friend, who had a sure bet stick in a startup company and I foolishly bought $5000 stock in Colorcom back in the early 2000’s. To make matters worse, when the original lawsuit was filed several years later, I filed to get my investment money back. Shortly thereafter, I received a call from Jerry F. at Accelerated I/O.com who conned me into withdrawing my return of investment funds request with all sorts of slick babble and false promises.
So now here I am 20+ years later listening to the same crooked/dishonest progress reports with nothing to show but aggravating email updates.
DO NOT INVEST in this scam. They have made a side career out bilking people of their hard earned money!!! Disgusting group of con artists !
No.
My in laws are out hundreds of thousands of dollars with these scammers…is their a any pending litigation or class action…They’re getting older and my wife and I are starting to look at their investments…this is crazy…
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