The Webmaster

www.PrintingWikiLeaks.com

Guy Gecht, poutingMarc Olin, grinning

CEO Guy Gecht           CFO Marc Olin

Johnny Jackhammer

Digging for the Truth that lies buried beneath a mountain of Printing Industry Spin and Lies!

 

   

 

Johnny Jackhammer

Tue Aug 22 2017 3:33 PM

An evidentiary, yet engaging, resource for reporters and securities attorneys.

 

 

   

Tradition!

Gecht and Olin were merely continuing EFI’s twenty-year tradition of its insiders pumping and dumping inflated stock.

1997: “Plaintiffs, purchasers of EFI stock during the Class Period, allege that de­fen­dants fraud­ulently inflated the price of EFI's stock via false and misleading statements about EFI's business.”

“Defendants' false or misleading statements inflated EFI's stock as high as $56.50 per share.”

“At the same time, defendants sold over 200,000 shares of EFI stock, reaping almost $12 million.”

“The market price of EFI plummeted 60% on December 12, 1997, to as low as $15.625 per share.”

   

Simpson burglars

Our friends at EFI have been naughty, not nice.

They have cooked their books before — and backdated stock options too!

So, if CFO Marc Olin or CEO Guy Gecht tells you the time of day, you should check your watch regardless.

   

On Black Friday (Aug 4, 2017), EFI shareholders lost $1 billion on the watch of CFO MARC Olin.

Hey! Not many public companies can boast about having a CFO who settled charges of securities fraud!

CEO Guy Gecht and CFO Marc Olin are in the mental health zone (pathological lying!) with respect to Printcafe.

They tout it as an achievement — rather than the $330 million ‘Dot-Con’ disaster documented on the SEC website!

Skateboard downhill crash

Marc Olin, grinning

Super-CFO

   

Printcafe logo, green

Red ink

Marc Olin, dreamy

Splashing cash

EFI logo

Before he lost $1 billion at EFI, Marc Olin lost $1/3 billion at Printcafe.

Printcafe was a get-rich-quick, M&A, dot-com IPO scheme that bankrupted.

Rather than go on trial, Printcafe’s officers/directors settled charges of securities fraud.

   

This website contains slam-dunk evidence of EFI CFO Marc Olin’s criminal prior bad acts.

Specifically, his material misrepresentations to the SEC in his Mar 2000 Printcafe IPO prospectus.

And specifically, his material omissions to the SEC in his Feb 2002 Printcafe IPO prospectus.

Rather than go on trial, Olin and his cronies settled federal charges of securities fraud.

Prisoner behind bars

EFI confessed to cooking its books causing its ‘Black Friday’ $1.0 billion stock price crash — and triggering legal action by 23 securities law firms!

Glasshouse Research logo

EFI corporate logo

David ReederGill Cogan

Thu Oct 13 2016

The GHR EFI Report.

Mon Oct 24 2016

Guy Gecht disses GHR.

Tue Jul 18 2017

Memo to Reeder & Cogon.

Thu Jul 20 2017

The Three Amigos memo.

Wed Jul 26 2017

The Bootlicking memo.

Thu Aug 03 2017

EFI Directors finally act!

EFI has become a massive M&A disaster, just like Cenveo, Printcafe, and Sheridan/Bang!

Hat tip

Phil Kaplan, with cigar

Printcafe logo, white

Dog collar guy

Guy Gecht, pouting

ß “Any fool can buy a company. Just pay enough!”Henry Kravis

Overpayment for acquisitions has puffed up EFI’s balance sheet with 1/3 $BILLION of intangible Goodwill.”

Bill Guttman, headshotMarc Olin, grinning

“Study after study puts the failure rate of mergers and acquisitions
somewhere between 70% and 90%.”
Harvard Business Review

Amos Michelson, headshotJudi Hess, headshotJoe Whang, headshot

ß Printcafe lost $330 million before bankrupting.

Cenveo has lost $1.26 billion en route to bankruptcy. à

Paul Reilly, headshotBob Burton, headshot

F'dCompany logo

Hat tip to webmaster Phil Kaplan, who made Printcafe his F’d­Com­pany-of-the-Week after Bill Guttman and Marc Olin threat­ened him with legal action for not unmasking the whistle-blowers who were posting on his website that the Pitts­burgh whiz kids’ dot-com disaster, NASDAQ:­PCAF, was in­sol­vent.

Guttman and Olin’s hilarious lawsuit was titled: “Printcafe vs. EX-DLJ, SUCKY-ME, and IDIOT!”

Phil Kaplan, with cigar

F'dCompany logo

IN THE COURT OF COMMON PLEAS OF ALLEGHENY COUNTY, PENNSYLVANIA CIVIL DIVISION: PRINTCAFE, INC. Plaintiff vs. EX-DLJ, an individual; SUCKY-ME, an in­div­idual; and IDIOT!, an individual, Defendants.

“They're trying to subpoena me for my records -- but being as there are no records, they're gonna have to try real hard.”

F'dCompany book

 

“Another top-notch frivolous, ego-driven lawsuit, classic fucked dot-com move, and funneee to boot!”

“Guess that didn't stop K&L from collecting the poor sap's legal fees.  It's just too bad I turned in my book last week -- PrintCafe.com woulda gotten a special mention.”

“Way to go, guys!”

Dog collar guy

“So a few minutes ago I returned home from a nice Thanksgiving weekend at my parents place.  In my mailbox was the most hilarious legal letter ever: "PrintCafe vs. Ex-DLJ, sucky-me, and idiot!"

“At first I thought it was a joke, but then I realized that some brilliant company I'd never heard of nor written about, PrintCafe.com felt it was a good use of their time and money to surf Fuckedcompany's message board archives and hire fancy lawyers to try and sue anon­ymous posters.”

 

 

Johnnie jackhammerWorking … as part of the Webmaster’s on-going crusade against graphic ‘boxitis,’ the material below Johnny Jackhammer here will be remodeled to look like that above.

 

An indictment of Printing’s fraudsters and performance artist peacocks.

 

Twitter logo

                               For the printing industry, some unaccustomed truth-telling, with commentary.

SUBSCRIBE to E-mail Memos

Assange

www.PrintingWikiLeaks.com

Doing for Printing what WikiLeaks.org is doing for politics.

Printing’s Most Wanted are exposed by the documents
that detail their
Fantasies, Fraud, Looting, and Lying.

“Liars’ brains are wired differently.” USC News

“The more you lie, the easier it gets.” NY Post

Walsh

“I don't give them Hell. I just tell the truth about them and they think it's Hell.” — Harry S Truman, 1948

 

Dundee

It’s high-time that printers started to drain their industry’s “leadership” swamp!

This website tries to do so in an easy-reading fashion — with funny graphics as well as boring SEC documents.

 

Links.

Drain the swamp

 

E-Mails.

Memos.

Hot Items.

Comments.

EFI, Printcafe, & Creo

EFI, Printcafe, & Creo

A $330M criminal securities fraud.

Cenveo

Cenveo

A $2.3 BILLION M&A disaster.

Idealliance

Idealliance

Management Covered Up VP firing.

The Sheridan Group

The Sheridan Group

A $127 MILLION M&A disaster.

FCI Federal

FCI Federal

Harboring a Sheridan Abuser.

New Direction Partners

New Direction Partners

Reilly’s 17% CAGR claim is fraudulent.

Saturn Partners

Saturn Partners

Harboring a criminal securities fraudster.

Carnegie Mellon Univ.

Carnegie Mellon Univ.

CyLab founded by an Impostor.

British Columbia, Canada

British Columbia, Canada

B.C. needs a better class of HEROES.

The Industry Press

The Industry Press

Continues to Publish Paul Reilly.

I Don’t Get No Respect!

I Don’t Get No Respect!

Bad News? Thrash the messenger!

Psychiatry

Psychiatry

Some of these perps are “Mental.”

 

Joe

Jury

Farm film report

Keystone kops

Big Jim and Billy Sol say:

“Yeah! Printing’s leadership is gonna blow up,
REAL GOOD!”

 

 

Webmaster Notes

The two major target audiences for this whistle-blow’s e-mail memos are tens of thousands of “Joe & Joan Printers” and — if there is a Cenveo shareholders’ lawsuit — twelve jurors.

Other groups include attorneys, British Columbia’s press, Carnegie Mellon, EFI’s directors, FCI Federal, Pittsburgh reporters, Printing’s press and associations, and Saturn Partners.

 

Dickens batman

Q: So, what is this colorized graphic novel of a website really all about?

A: The site contains exhaustively documented whistle-blowing about printing industry “leaders” whose
behaviors are consistent with 1)
malignant narcissism and/or 2) grandiose delusional disorder!

 

Regrettably, some of Printing’s “leaders” are as
self-dealing and corrupt as our worst DC political hacks.

Bootlicker

This website is an online intervention to
tell the truth to “Joe Printer” and “Joan Printer”
and to slap some sense into those printing industry “leaders”
who have a masochistic fetish for licking the boots of their abusers!

 

Playbill

Here are the stars and bit players of Printing’s drama:

 

Cameraman

Alphabetical Cast of Characters

Armstrong

Armstrong

Bozuwa

Bozuwa

Bob

Burton

Rob

Burton

Mike

Burton

Joe

Burton

Cagle

Cagle

Davidson

Davidson

FdCompany

Fd’Company

Garner

Garner

Gecht

Gecht

Griffin

Griffin

Guttman

Guttman

Herbst

Herbst

Hess

Hess

Kaplan

Kaplan

Krouse

Krouse

Michelson

Michelson

Michelson

Michelson

Olin

Olin

Pawlaczyk

Pawlaczyk

Peterson

Peterson

Philie

Philie

Quadracci

Quadracci

Reilly

Reilly

Saxton

Saxton

Schaeffer

Schaefer

Schick

Schick

Siegfried

Siegfried

Streeter

Streeter

Steinhardt

Steinhardt

Stricker

Stricker

Taffler

Taffler

Tolson

Whang

Whang

Puri

Puri

 

 

 

 

 

 

 

 

Hover your mouse over a headshot to read brief Webmaster comments.

 

Here are some notes about the financial analysis on this website.

 

cenveo

Financials for this multi-billion-dollar M&A disaster are analyzed through the end of 2016.

SHERIDAN

Financials are analyzed through the end of 2012, when this money-losing M&A stopped reporting to the SEC.

PRINTCAFE

Financials are analyzed through the end of 2003, when this M&A ‘dot-con’ collapsed, insolvent, and was stolen from Creo by EFI.

ROUNDING

To facilitate document searching by reporters and attorneys, citations from financial reports are truncated rather than rounded up.

INFLATION

Debt amounts are unadjusted — other dollar amounts are inflation-adjusted to March 2017 using the BLS CPI inflation calculator.

 

Webmaster
Notes

Due to inflation, debt principal is effectively larger in the past and is effectively reduced by the passage of time — but to avoid confusion, we will not inflation-adjust debt amounts for reporting purposes.

The effect of interest from debt on a company’s financials is reflected as a reduction in earnings or as an increase in losses — in the case of Cenveo, those Burton/Reilly losses are an astronomical $1.26 billion!

 

Judge

Q: Why does this comic-book website exist?

A: To seek justice in the “Court of Public Opinion!”

 

Sheridan

United Litho

Garner

Tolson

The now-defunct United Litho (ULI) was a Sheridan Group acquisition.

This website exists because ULI President Ken Garner ignored this.

Wizard

SEC

ULI’s unethical business practices led to the study of Printcafe after Sheridan’s CEO endorsed it.

(Sheridan’s CEO endorsed Printcafe in return for 100,000 undisclosed pre-IPO stock options.)

Cenveo was studied because its CEO endorsed Printcafe in return for free software.

The Sheridan, Printcafe, and Cenveo online SEC reports reveal them to be financial failures.

Anybody who bothered to read those online financial reports could have created this site.

So, where were all you industry “wizards” who preach to us about M&A?

 

 

 

Printing’s problem — in a Nutshell — for Dummies.

 

Squirrel

Dummy

“Study after study puts the failure rate of mergers and acquisitions
somewhere
between 70% and 90%.” Harvard Business Review, March 2011

 

Peacock

Numerous Printing celebrities are abusers and executive looters in massive, failed M&A monopoly schemes.

Some of them have committed federal felonies — and as a group they have vaporized over $1.6 billion!

The biggest liars actually tout their financial disasters — e.g. Guttman, Olin, Gecht, and Reilly.

 

Bang

Guttman

Cenveo

Copperleaf

Creo

CyLab

EFI

Idealliance

Matrix

NDP

Printcafe

Saturn

Siegfried

Sheridan

United Litho

FCI financial

Sheridan

Printcafe

Cenveo

Printcafe

Printcafe

Printcafe

Printcafe

Cenveo

Printcafe

Cenveo

Printcafe

Printcafe

Sheridan

Sheridan

Sheridan

Sheridan

Stricker

Guttman

Burton

Reilly

Pawlaczyk

Michelson

Hess

Michelson

Hess

Guttman

Gecht

Olin

Pawlaczyk

Whang

Reilly

Guttman

Olin

Whang

Guttman

Davidson

Saxton

Davidson

Stricker

Garner

Peterson

Tolson

Tolson

 

 

 

 

The PrintingWikiLeaks website is dedicated to the only honest man in Printcafe.

 

Webmaster

Hey, I couldn’t make
this stuff up if I tried!

Taffler

This website is dedicated to the late, great Jon Taffler — founder of PSI Software — the first company acquired by Printcafe — for $25 million. ($15M cash and $10M of worthless Printcafe stock.)

Jon quickly realized that Bill Guttman, Marc Olin, and Joe Whang were lying about having “e-commerce for printers” — and he repeatedly whistle-blew that lie to Creo CEO Amos Michelson and to Creo-VP (and later President) Judi Hess. (Printcafe was launched with $36M [in 2017 dollars] of Creo cash.)

This website is also dedicated to the 10,000+ employees of Printcafe, Cenveo, and The Sheridan Group who lost their careers because of insatiable management greed.

Unemployment

 

Webmaster
Notes

Hess investigated Jon’s whistle-blowing and wrote Board Chairman Michelson a detailed report — which he suppressed, allowing Printcafe to vaporize $330 million before it bankrupted.

By not immediately withdrawing Printcafe’s 2000 IPO Prospectus which fraudulently claimed to have “electronic commerce for printers,” Michelson became a criminal under 18 USC 1001.

He became a criminal again when Olin’s 2002 IPO Prospectus fraudulently claimed that Total revenue increased from $4.4 million in 1999 to $25.3 million in 2000, an increase of 474%.”

Michelson had ousted the abusive Guttman when — rather than go on trial in Pittsburgh’s federal district court — he, Hess, Olin, and Whang settled shareholder charges of securities fraud.

Creo initially invested $25 million (in Y2K dollars) in the catastrophically failed Printcafe — a software monopoly “roll-up merger.” Later Creo invested and lost scores of millions more.

 

Rogues gallery

 

Big picture

Cenveo’s CEOs have looted their shareholders for $100+ million of salary while saddling them with $1.26 billion of losses and $1.01 billion of debt!

Mahoney gobbled up 150 plants and 16,000 workers; Reilly desperately slashed down to 80 plants and 10,000 workers; Burton ran the debt up to $1.4 billion.

New direction partners was founded on the basis of Reilly’s lies about his M&A ‘super-success’ — in reality, Cenveo is a multi-billion dollar catastrophe.

Idealliance’s Garner and Philie hired/fired Cenveo’s vicious Pawlaczyk to be a Business Advisor VP — a fact that he has erased from his LinkedIn profile.

Printcafe’s Guttman, Olin, Whang, Michelson, and Hess created an IPO/M&A software monopoly scheme that lost $330M before it collapsed, bankrupt.

saturn partners incorporated Guttman, despite his public record Printcafe securities fraud and his public record Lehman Bros. Aileron hedge fund fraud.

Carnegie Mellon hired Guttman on the basis of his bogus Printcafe résumé; He became a founding director of CMU’s CyLab which focuses on identity fraud!

EFI’s Gecht stole Creo’s Printcafe software monopoly by paying off Olin ($200K) and Whang ($150K); Now he crows about EFI’s 70% software revenue growth.

Sheridan’s Saxton took $1 million salary and paid 12.5% on $150 million; He made top executives out of 30-year-old arm-candy sisters, Davidson and Stricker.

United Litho’s Peterson and Tolson lied to clients, staff, and vendors about company policy and USPS Periodical regulations, with Garner’s tacit approval.

FCI Federal just hired Tolson as an Operations Analyst, unaware of his public record issues with: abuse of women, incompetence, pathological lying, and thievery.

 

Webmaster Legal Note

In order to defame a public figure, you must have published statements that are “knowingly and willfully, false and damaging.” See The Law of Defamation in Virginia.

PrintingWikiLeaks@outlook.com         POB 642, Winchester VA 22604         All rights reserved © 2017         Tue 22 Aug 2017 3:33 PM          NCS:DLMIAHTAFOTW.