CityGuru under attack? Founder Drew Morrison’s reputation at stake? 2015 has certainly been a year to make shareholders flinch as new information continues bubbling to the surface.
Most of this information has been there all along; it is only now that anyone knew to inspect it closer. This is the nature of conducting an investor’s research, or Due Diligence. One piece of information often leads to another piece of information and before long–an entire image begins to emerge.
This was the intent of a few investors when they decided to create and build The CITYGURU Investor website. It was our intent to create a one-stop information depot for current and would be CityGuru investors, shareholders, and creditors where all interested parties could pool their own Due Diligence for free access to all.
As such, we welcome the contributions from anyone (CityGuru investor or not) who wishes to post their thoughts and perceptions as well as Comments to our own posts.
This week, we received correspondence from one of our own fellow investor/shareholders who feels we have over-stepped our right to share information. Actually, we were reprimanded by a fellow investor.
We are publishing the letter in its entirety while protecting the identity of the Investor. It has not been edited and reads just as it did when we received it.
Of course, we replied to it, just as we now invite YOU to reply either by adding your own comments at the bottom of this post, or forwarding your blog contributions.
Letter:
“As a fellow shareholder of On The Go Technologies/CityGuru, Inc. I am grateful for the Due Diligence you are sharing with us. My own research pales in comparison to yours.
While I and other fellow shareholders share in your concerns over many of the issues you bring to light here, we also feel this information is rather sensitive information that is better kept among those of us who have a need to know. Some of your blogs are nothing more than airing dirty laundry which can only hurt all of us who are heavily invested in CityGuru.
For example, this can only discourage new investors from joining us at a time when the company desperately needs an infusion of new cash. This blog makes it seem that there is dissent in the ranks with serious doubt over Drew Morrison’s ability to lead it. It also encourages more legal actions not just against our founder, but the company as well. Drew’s current litigations are already preventing any possibility of distributions to shareholders.
We are not saying that we should ignore these problems and issues—only that we should use more discretion in dealing with them rather than airing them to the Internet.”
The CITYGURU Investor reply:
Dear (Nebraska),
Thank you for your suggestions. We are particularly appreciative of the fact that you are a fellow CityGuru investor and/or Shareholder and it is with the highest respect for your opinions that we reply to your letter.
First, if there seems to be any division in the ranks, it is only because we as Investors/Shareholders have differing opinions between those who are content with waiting for Drew Morrison to deliver on empty promises, and those who demand immediate remedial action to re-organize and set this company on a more stable path.
Unlike some of our fellow investors you have spoken who feel this is “airing our dirty laundry”, other fellow investors have chosen to be more proactive by creating this site for the protection of YOUR investment. Until we published this site, all of us were experiencing a serious lack of accurate information and transparency.
Even now there is no cohension, coordination or communication among CityGuru Investors/Shareholders. Previously, this collectively worked against us by keeping us separated, and spoon-fed selective information that had been filtered and sanitized. As we are sure you will agree, we do not filter or sanitize the facts here.
Even now, certain Shareholders hesitate to demand theirs Shareholder Rights out of fear that “making waves” will only jeopardize their investment money!
The CITYGURU Investor has closed the gap that kept us separated and from communicating with accurate information!
Yes, we realize our posts may discourage others who might otherwise invest blindly in our company and founder. But, we have to honestly ask ourselves: “How many of us would have invested our savings in Drew Morrison-CityGuru had this same information been available to us at the time we were instructed to wire our funds to Morrison?” Even with this information there are those of us, such as yourself, that hold Drew Morrison and his vision in high enough esteem that you would have wired your funds to him anyway. This is the way it should be—but each investor is entitled to go into any investment with his/her eyes wide open.
Please recall the Mission of The CITYGURU Investor. By fulfilling this mission, we may actually being sparing CityGuru and founder Drew Morrison from further legalities by discouraging new investors who might otherwise make legal claims of their own, accusing misrepresentation and conversion!
Drew Morrison may argue that the company would be in a better financial standing were it not for his own litigation woes, but we should be reminded that Drew Morrison’s litigation woes are self-inflicted wounds. The reality we all have to face is: even should his legal problems have never occurred—we all would still be wondering, even after 5 years, what happened to our money and when might we expect a return! If only there were accounting records, Morrison’s track record would speak for itself!
Yes, it may look and smell like dirty laundry, but it is ours to clean up. Until we can re-organize this company with a professional and credible leadership to lead us from a Sole Proprietorship to a real corporation, this site may be the only means for you to keep yourself fully informed!
We would ask YOU and other fellow Investors/Shareholders to join US in keeping the lines of communication open; in sharing all Due Diligence; enough that we can perhaps come together to help ourselves to save ourselves!
What do you think? Please leave a comment, or subscribe to email alert as there are a LOT more news coming soon!
[showhide type=”hottip2″ more_text=”- Do You have something to say about this topic?” less_text=”- Do You have something to say about this topic?”]This site is a perfect media for you to express your thoughts and opinions. Whether you are a current shareholder, new investor, or simply someone who has had business dealings with Drew Morrison-CityGuru, Inc., your opinions are important to us! We welcome outside contributors and will publish your blog posts here. If you only want to make a comment; please use the COMMENTS box at the bottom of each blog post (Sign-in is NOT necessary if you wish for your identity to remain anonymous).
Other than for grammatical errors, we do not edit, censor or otherwise alter contributor’s posts. We do ask that you substantiate anything that is claimed to be a fact.[/showhide]
Obviously, you are intent to show your ass one way or the other! Drew Morrison has a plan that will work if only you will back off and let him deliver!
I have several thousands of dollars invested in CityGuru and Drew is a good friend that I trust. He has told us that all of us will get our money back many times over, and I believe him.
If you’re so unhappy with Drew and the way he is running things, then I suggest you sell your shares in CityGuru and get the hell out!
Dear Pissed: Thank you for your comments and candor. We admire your confidence in Drew Morrison delivering on his long-overdue promises in spite of his Track Record. We want that same kind of confidence!
In answer to your suggestion that we sell our CityGuru Shares and get out: We dearly would love to get our money–even some of our money–back. If you would simply read some of these posts, you might understand why we–including you–CAN’T get out. This investment has NO EXIT. Plus, who is going to buy our Shares? There is NO VALUE; the shares don’t even rank as Penny Stock. And, while we’re speaking of CityGuru Shares–are you SURE you have shares? Can you prove it? Read the Shareholders Advisory before you answer that.
While you’re at it, ask Drew Morrison for your money back–We are curious what his “Board” will have to say about your request.
Nebraska–we think you are pissed at the wrong people!
There is one born every minute. He told you he has a plan. What plan? Plan to spend your money? He told you he will repay you, yet he pays no taxes, owes boat loads of money including money to the feds and state and he has plan? No accounting, what appears to be charity fraud, no records and nothing but promises. A big investor like yourself should offer to buy all of the shares you can. Petty sure there will be more than a few that will sell their shares. Heck, if you believe Drew you will be worth millions if you just invest more. So, you are stuck and you want to believe it will be okay, hence why you are pissed off. As his friend you know he has never succeeded at anything other than using other people’s money to live. Name one, just one, venture he has been involved in and one in which investors made money. The rest of the blog will wait for your reply with reference to the company, etc. Do you wonder why successful business people, who were with the company for a little while, ran? No, you would not wonder this since it contradicts your hope that Drew will finally succeed at something and that you did not just throw away a couple of grand. Drew is failing because of Drew, nothing more. Drew is living a good life because of people like you. P.T. Barnum created a quote just for you.
OUCH! We suppose we asked for that one! We certainly don’t like what you have to say but we certainly thank you for your candor.
Are we correct in assuming you have had a few dealings with Mr. Drew Morrison, Entrepreneur Extraordinare?
Has anyone noticed: The most avid Drew Morrison Supporters are people who DON’T have money invested in him. The rest are ready to turn the dogs on him. Hmmmmm…..
To Not Impressed. Who are the avid Drew supporters and how do you know the people complaining don’t have money “invested” with him. Let’s try this exercise in noticing:
Have you noticed there are no records of stock purchase or ownership kept by Cityguru?
Have you noticed that, under oath, Drew does not know where the stock ledger is kept?
Have you noticed that offers to sell shares of stock which Drew claims to have issued have gone unanswered?
Have you noticed Cityguru lacks a business licenses?
Have you noticed Drew and Cityguru raised money for charities but did not deliver funds to the charities?
Have you noticed that the money that went into the Cityguru bank account was used to support Drew’s lifestyle?
Have you noticed that Cityguru has failed to conduct business as a corporation or LLC by keeping records, paying taxes and holding meetings? (That whole “paying taxes” is a big deal.)
Have you noticed that Drew has never been successful in any other business venture and has several unpaid judgments? (I learned that at his deposition Drew claims to have been involved in almost a BILLION dollars in transactions, yet has no paperwork or other evidence of his massive business dealings. In fact, other than a cheap house in Nebraska, he does not own a car, real property or any other asset showing any type of success with anything.)
Have you noticed that Drew was selling securities in violation of Federal and Washington law?
Have you noticed that Drew has no business plan other than to “be successful” and to “make money.” ?
Have you noticed that Drew has made repeated promises to investors about dividends, IPO offerings, etc and nothing has happened? (Good luck with an IPO. It is a lot more complicated that just saying you are going public. Only a fool believes this line.)
Have you noticed that Drew has failed to provide financial records for Cityguru showing how investor money was spent?
Have you noticed that Drew supporters rely upon generalities in supporting Drew and completely ignore the complete financial disaster?
So, Not Impressed, I have noticed you are without a clue. I give you the above clues. If you can, point to one thing Cityguru is doing that is like a legitimate business. By the way, how can you “turn the dogs” on Drew if he has done nothing wrong? I am sure Drew will be able to explain everything during his arraignment and pre-trial pleadings.
Get A Clue:
You beat us to the punch; we were contemplating creating a “Checklist” of items to suggest for New CityGuru Investors to begin doing their Due Diligence on the Drew Morrison-CityGuru venture…but your comment works just as well.
Should other readers feel Get A Clue’s points here are a bit pointed, we invite you to submit your own Comments in answer to his/hers. As always, we do not edit or censor.
Just wondering….What is that Idiot Investor now saying about his buddy, Drew Morrison? It seems that by easing up on Ol’ Drew Baby, all you did was to give the Scammer a running chance to hide from you!
Fast forward to November 2015. Investor “Pissed in Nebraska” complained in July 2015 that his fellow CityGuru investors were “showing their ass” by openly questioning Drew Morrison and not letting him “work his plan”.
That investor was actually showing his own ass in July, 2015 by encouraging people NOT to question Drew Morrison’s business antics and to give him room to work his grand scheme. And work his grand scheme, Drew Morrison did do as Time now tells the full story.
Drew Morrison is gone; CityGuru is gone; and all investors’ money is gone. If he ever had a plan it is just as it seems to be working out now: take the money and run–and get away with it un-scathed. So, Dear Pissed-In-Nebraska, pull up your pants and stop showing your own ass. Others were trying to warn you and you lashed out at them.
Now that this Train-Wreck-Waiting-To-Happen has already occurred, it is obvious you have been “had”. I’m sure Drew Morrison is grateful for the money you donated to his cause.