818-909-6800

I think you stumbled on the only true asset involved. Idiots that will pony up MORE money.  Out of the 10,000 or whatever number of investors, they only need to find 100 people to "invest" $10,000 to "go public". That would gross $1,000,000. A very nice payday.  I know the say the only want $300,000 but I am sure the will go over that amount if it works.  I agree go after personal assets. Put a lien on everything they own.

Can we just get out of this by rolling over the balance (whatever pittance is left) in our Equity Trust Company accounts into some other IRA?

They suckered me in during the very worst part of the recession, and I'd be happy just to put it all behind me.

Because this is a private equity security and not publically traded , you can't roll it over to an regular IRA custodian like Fidelity, Vanguard, etc - you would have to roll it to another firm like Equity Trust and they likely have the same fees. That is why I am hoping this exchange goes through, at least there would be a light at the end of the tunnel where you could sell your share and put this behind you.

The other option is to close your IRA account and take possession of the shares in your name. The issue here is that this would be treated as a taxable distribution event and the taxable value to you would be the number of shares held times the last price they valued it at. I think it was around $0.18 per share last year? So if you had 25,000 shares, you would have a taxable distribution of $4,500 (assuming my price is correct). They should be doing another share valuation as of the end of December, so I would wait to see what that number is first.

You should , of course, consult with your tax advisor on anything related to this mess.

Good luck whatever you decide.

Thanks, Lurker.  That makes sense.  It'd have to be a "liquidation" of shares that I then rollover to another IRA or do whatever with, and I'd be taxed on that.

Feh, I guess there is no harm in waiting and seeing what happens with the stock.  The only cost is the persistent fees from Equity, which is like twisting the knife.

Anyway, thanks again for the reply.

Can you even pull that out of Equity Trust?  I was under the impression they are not offering the ability to do that.  I think most people would gladly pay the taxes on it if they could get the principal out.

They have to let you close your account in some form I would think, they can't force you to keep your account open with them for life. It's just that you would have some deemed taxable income  if you take a distribution of your shares. Not sure how they can say to you "you can't close your account".

The challenge in pulling money "out" is that it is then taxable and penalized as an early withdrawal. The reality is that no monies back up the valuation. so even thought it may be "valued" at $00.18 and one theoretically has 25,000 unit shares valued on paper as $4500 there is nothing to pay. Therefore, no one can transfer out. If you close the account, you pay out money. so one needs to calculate what is best to do. Th taxation and penalties or the annual fees.
if the company that acquired the mess and managed to go on the pink sheets for $00.001 to $00.05 per share then one can move it, sell it or do whatever with it. Right now a lot depends on the K1 and the updated valuation. Where the money will come from to pay for the accounting and distribution of 10,000 K1's I have no idea, but I am assuming it is at a cost of $10,000. I doubt that the LLC reserved that money for such situations even though they state that a percentage of funds was designated for operating expenses. My guess all deductions ( brokers fees et al.) went directly into someone's pocket. Maybe they will just pull money from the next project, whatever that may be and pay expenses from that LLC. I am sure co-mingling of funds is within their business model.

Yes, you are correct on the tax implications of closing your IRA account, but depending on how many shares you have it may be worthwhile to pay a little tax than keep paying the annual fee. But I would not recommend anyone close their account yet until the new valuation for 2015 is sent out. The $0.18 /share is from last year (not sure how they came up with that) but I just rec'd a notice from Equity Trust  that the official market value for now is still $0.18 but something to the effect that they have not rec'd the updated valuation or updated info from the company. Reading between the lines , that sounds like they are still trying to gather the info from ECOZ/DOZ , and if they (Equity Trust)  haven't rec's it already that is not a good sign - I think its an IRS regulation that they company has to assign a value and if they can't even do that what does that mean? As Trust mentions above, do they have the funds to do the tax return and K1's? I would hope they had that set aside but guess we will find out in a couple months if they send them or don't send them. Actually , I may look at my old stmts and see who the accounting firm is that did them last year and see if they are doing them this year.

Legends of Oz: Dorothy's Return
View this email in your browser

INSPIRATIONAL VISION MEDIA

Dear Emerald City of OZ, Dorothy of OZ, Alpine Pictures, Inc. and StereoVision partners,

Our J/V is making progress in our efforts to turnaround the OZ franchise. The Star Team, LLC acquisition has been withdrawn from the J/V by mutual consent, though IVM still holds the option to acquire it in the future.

Included in this email you’ll find the revised 10 point plan. We believe this is the only option available that provides any possibilty for the Emerald City of OZ, LLC and Dorothy of OZ, LLC investors to recover any of their investment, and have any possibility of their making a profit in the future.

As part of this $300,000 use of proceeds, the K-1’s will be prepared and delivered. Going forward IVM’s General Counsel will give guidance on how to proceed with all legal affairs.

It’s going to take everyone pulling together to give “Legends of OZ – Dorothy's Return” and Roger Baum’s 10 book OZ series a chance at receiving the fair market reception it deserves. Please feel free to contact me with any questions or comments you may have. We appreciate everyone’s support in this effort.

Very Truly Yours,

Steven Previch

Chief Executive Officer
Inspirational Vision Media
ivmceo@stereovision.com
813-382-3569

STEREOVISION INC. / DOROTHY OF OZ, LLC  / EMERALD CITY OF OZ, LLC /
ALPINE PICTURES, INC 10 POINT J/V PLAN FOR THE FORMATION OF
“INSPIRATIONAL VISION MEDIA  INC.”

1. Raise $300,000 through a convertible debenture using StereoVision Entertainment’s (SVE) one year hold restricted stock (OTC:SVSN) at $.05 per share to fund joining ‘Dorothy of Oz LLC’ (DO), ‘Emerald City of Oz LLC’ (ECO), ‘Alpine Pictures LLC’ (AP), and ‘Stereo Vision Entertainment Inc.’ (SVE) under the umbrella of the new publicly traded company, ‘Inspirational Vision Media Inc.’ (IVM). IVM’s business mission is to form a P&A fund to promote IVM and SVE and their stand-alone LLC film production projects, launch marketing campaigns, and SEC compliant global call centers.

To support the J/V plan and participate in the SVSN $300,000 convertible debenture, accredited investors can contact IVM’s CEO, Steve Previch, with any questions and comments they may have. Steve Previch, 813-382-3569. ivmceo@stereovision.com.

2. At SVE’s expense, SVE’s SEC Attorney, SEC Auditors, and SEC transfer agent will be retained by SVE to take IVM through the SEC’s procedural process of becoming a publicly traded company.

3. Acquire the services of 20 year SEC/FINRA compliant stock broker Steve Previch as IVM’s CEO.

4. Acquire for IVM a CFO with extensive experience in government filings and compliance.

5. IVM’s Articles of Incorporation include a 100,000,000 share stock issuance authorization.

6. Issue 33,000,000 one year hold shares to acquire all stock or membership interests of Emerald City of OZ LLC and Dorothy of OZ LLC in a stock for stock swap. Issue 16,500,000 one year hold shares to acquire all of the stock or membership interests of Alpine Pictures LLC in a stock for stock swap. Issue 5,000,000 Rule 144 restricted shares to SVE for providing the legal and accounting resources to allow IVM to become an SEC reporting company and ultimately become BDC compliant (Business Development Corporation).

Provide access to all of SVE’s Industry contacts. Per IVM’s Board approval deploy the remaining 45,500,000 authorized shares in as needed to repay the approximate $2,000,000 in P&A loans, for acquisitions, and to underwrite the development of IVM’s business plan. The plan consists of the new exploitation through a 4 wall release of the IVM’s IP’s such as the feature film “Legends of OZ” by forming a P&A fund for the J/V using the JOB’s Act Reg D 506c SEC filings in concert with IVM’s global calling centers to generate new accredited investor leads for sales of all Reg D 506c securities for IVM/SVE projects. Each project will have its own stand-alone LLC, Reg D 506c, and single purpose bank account.

7. Sell 40 accredited investors $2,500 blocks of IVM’s shares with registration rights at $.25 per share. Register those 400,000 shares, acquire a trading symbol, and have SVE’s Investment Banker/Marketmaker file IVM’s 15c211 with the SEC and commence trading Over The Counter.

8. Launch Call Center operations for the general solicitation of accredited investors under the recently enacted JOBS Act beginning with the J/V’s P&A fund. Through that P&A fund we will underwrite the 4 wall roll out of “Legends of OZ”, and it’s continued multi-media exploitation through TV, apps, etc.  Complete the Reg D 506c funding of SVE’s film “Three Dimensions of Jerusalem”. Going forward IVM and SVE take turns using the J/V accredited investor database to fund their films.

9. Work with the “Legends of Oz” P&A fund to arrange a mutually beneficial accommodation for the 4 wall release of an updated and newly titled version of “Legends of OZ” so as to service the P&A fund’s lien on the domestic earnings of the “Legends of OZ” property, and to generate earnings for the “Legends of OZ” investors.

10. Using our global call centers generate a continuing flow of new content through the sale of our J/V’s Reg D 506c’s for all of our projects including the 10 book OZ series by Roger Baum, along with our clients film projects.

As always, please share any question or concerns via email at
info@bridgegroup.biz  / michaeld@bridgegroup.biz and remember to update The Bridge Group, Inc. with regard to new phone numbers as well as postal and email address changes.

Copyright © 2016 The Bridge Group, Inc. All rights reserved.
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The Bridge group, Inc.
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Come on.. I mean really? this thing is so pathetically dead it is not even funny. They failed on EVERY platform. what are you going to sell? NOTHING. you bought a sucker list and you are going after $300,000 to begin with. If any fool is willing to drop more money down the well then god bless them. The LLC should cover the costs from their reserve account and pay teh accountants to send out K1's. I am guessing no one wants to pony up the $20-30,0000 in fees and mailing. It seems to be an awful lot of work.  By dropping worthless inventory into a shell company and adding to the pink sheets is worthwhile venture to anyone they need their head examined. The unit share price should be below $00.09 or just falt zero. whatever money may come in goes into the Carrolls hungry pockets. Some of that money earned should have been paid back.  The overspent on production and screwed up distribution. $120,000,000 for a saturday morning cartoon? did you read the reviews?

Wow - they have to raise new money in 2016  to do the tax returns for 2015 - pathetic.

# 8 of the posted email really concerns me for people who may receive the calls and have no idea about any of the activities from the past 12 years or so.  It is up to them to do their research before investing of course but sometimes people don't always carefully research these things.  I bet the prospective investor will receive a nice packet of materials that looks professional and full of pages containing exciting statements.

Also, from reading about the JOBS act I do not think its intention is to assist these people in raising more money. I don't see how they can pass the test of being a small business startup.  Let's hope the right thing happens.

Lurker you are so right about some people not doing their homework. We are a good example. We became involved in this project through a good, trusted friend whose daughter was one of the fund raisers. I'm sure we were not qualified investors ( or whatever the legal term is for it) we were just greedy and stupid.  I hate to think of others making the same mistake with their hard earned retirement savings while the C brothers and their fund raisers live a glamorous life. All I can say is I wouldn't want their karma.

It is very troubling that this has gone on for so long. The gall of these people to inform its investors that there is "hope" and "prosperity" are shameful. I wonder if the last scam they instituted was selling of the names and contact information of the hapless investors. If the Carroll Brothers, Greg Centineo  and Neil Kaufman all made millions off of selling stock why cant they foot the bill of $300,000 or the money be paid from one of the reserve accounts. I may be wrong but I believe it was stated that Greg and Neil received a brokerage commission of 15% and that an additional 7% was divided up to cover general operating expenses. so if they raised $120,000,000 on this project commissions of $18,000,000 were paid out to sales reps / brokers ( all unlicensed) and $8,400,000 was earmarked for GOE. From the documents presented in legal proceedings we know that as much as 40% commission was paid, which is $48,000,000 in potential pay outs to Centineo and sales reps / brokers. Out of the $8,400,000 I feel that a fairly sizable percentage should still be accountable and that these reserve monies could be used to facilitate an exit strategy. BUT, for some reason this company that acquired this goldmine needs $300,000 to fund the development of "RAISING MONEY" not to actually do anything. As was stated I am sure the slick packages are being mailed out now. That guy from The Bridge Group is assuring everyone that things are looking GREAT and New Things Will Be Revealed. But are the K1's being mailed? Can anyone contact the accounting firm top get a grasp on this and are they even being paid? My guess is that the 7% was just a shrewd way of keeping commissions at 15% and that no money was ever placed in reserve. Further I suspect that it was all spent or lavish holidays and sports cars. The question remains how do the investors get out and how do they keep from being insulted by fees from Equity Trust or whoever is holding the now worthless IRA's.
Will someone please correct me if I am wrong and please direct me to an authorized site to voice complaints, concerns and questions.

I realize there is nothing we can do about what happened to us, but there has to be a way to stop this before more they start " fundraising" again.

As always, please share any question or concerns via email at
info@bridgegroup.biz  / michaeld@bridgegroup.biz and remember to update The Bridge Group, Inc. with regard to new phone numbers as well as postal and email address changes.

Does Summertime exist, if so where and who works there. Are any funds in reserve in the LLC accounts? Why are investors being asked for MORE money? Where is the Bridge Group office located, other than a drop box? Who can I visit in person and gain access to financials? Are the K1's being mailed out promptly? what is the current valuation? How long will this nonsense continue?  I feel these are pretty simple straight forward questions that are shared by all investors, except those "in the know"

Why are you asking investors these questions. Obviously we don't know anything other than our money is gone.

This whole thread needs to be shut down..ASAP!

I have said that before.  they think that this is a chat room talking about an investment for a movie that didn't go over well and made no money.  That is life, some movies make it some don't.  Plus they should have taken the dollar signs out of their eyes and looked at the track record these people had.  Now all of a sudden the conspiracy theory is that there are millions hidden away somewhere.

I can see why this thread floated to the top though.  It is full moon tonight.