Joe Printer

www.PrintingWikiLeaks.com

Printcafe materials are currently displayed at www.CMUWikiLeaks.com.

Johnnie Jackhammer

Digging for the Truth that lies buried
beneath a mountain of
Spin and Lies.

CenveoWikiLeaks, CMUWikiLeaks, EFIWikiLeaks, FNBWikiLeaks, NDPWikiLeaks, PittWikiLeaks, SaturnWikiLeaks, SheridanWikiLeaks, ULIWikiLeaks, USPSMTACWikiLeaks.  (Subscribe)

 

Encouraging Joe & Joan Printer to Drain their Leadership Swamp.

 

Exposing fraud and folly in the Printing Industry,         
where M&A has been a
playground for criminal minds.         

Julian Assange

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

“Liars’ brains are wired differently.” USC News

Doing to Big Printing what WikiLeaks is doing to Big Government.

An online indictment of Big Printing’s peacocks and crime families.

Carnegie Mellon, Cenveo, EFI, Idealliance, New Direction, Printcafe, and Sheridan.

John Walsh

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

 

Crocodile Dundee, portrait

Crikey! It’s time for printers to begin draining their industry’s “leadership” Swamp!

This site seeks to do so in an easy-reading fashion — with funny graphics as well as boring SEC, DOJ and news documents.

Drain the swamp

Memos.

Hot Items.

Comments.

EFI, Printcafe, & Creo

A $335M criminal securities fraud.

Cenveo

A $2.3 BILLION M&A disaster.

Idealliance

Management covered up VP fraud/firing.

The Sheridan Group

Sheridan was a $127M M&A disaster.

PAE/FCI Federal

Harboring a Sheridan Abuser.

New Direction Partners

Reilly’s 17% CAGR claim is fraudulent.

Saturn Partners

Harboring a criminal securities fraudster.

Carnegie Mellon Univ.

CyLab founded by a “Bernie Madoff.

British Columbia, Canada

B.C. needs a better class of Heroines.

The Industry Press

See No Evil

Continues to pROMOTE Paul Reilly.

Psychiatry

Some of these perps are “Mental.”

 

Joe Printer

The printing industry has been devastated by ego-tripping Nebuchadnezzar wannabes, like
Cenveo’s Bob Burton, who have built their
M&A Babylons with OPM — Other People’s Money!

Dr. Phil, portrait

Even Stevie Wonder could see that Printcafe, Cenveo, and Kodak’s Creo acquisition were disasters — yet Printing’s psychopathic superstars cite them as successes on their résumés.

Printing’s ‘tribal mythology’ lionizes these poseurs and crime families — but they could all use help from Dr. Phil to address their issues of grandiosity and pathological lying.

Bob Burton, Ken Garner, Guy Gecht, Bill Guttman, Judi Hess, Amos Michelson, Marc Olin, Gary Pawlaczyk, Wayne Peterson, Paul Reilly, John Saxton, and Hugh Tolson.

You got punk'd

$1000 invested in Cenveo’s 1995 IPO is worth only $15 today — CEOs Mahoney, Reilly, and Burton pocketed $100M+ while losing 98%.

It’s even worse than the raw numbers imply because in 1995, $1000 had the purchasing power of $1610 (in Nov 2017 dollars).

 

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 — during the Cenveo shareholders’ lawsuittwelve 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.

 

Big 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

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Description generated with very high confidence

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 $3 billion!

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

Bang

Cenveo

Copperleaf

Creo

CyLab

EFI

Idealliance

Matrix

NDP

Printcafe

Saturn

 

 

Siegfried

Sheridan

United Litho

FCI logo

FCI financial

Sheridan

Printcafe

Cenveo

Printcafe

Printcafe

Printcafe

Printcafe

Cenveo

Printcafe

Cenveo

Printcafe

Printcafe

 

 

Siegfried

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

 

Overview -- a massive failure of leadership.

 

Judge

Q: Why does this comic-book-type 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 condoned abuse.

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?

 

Dickens batman

Q: So, what is this colorized graphic novel of a website 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 the worst political hacks in DC.

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

Puri

Puri

Quadracci

Quadracci

Reilly

Reilly

Saxton

Saxton

Schaeffer

Schaefer

Siegfried

Siegfried

Streeter

Streeter

Steinhardt

Steinhardt

Stricker

Stricker

Taffler

Taffler

Tolson

Whang

Whang

 

 

 

 

 

 

 

 

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

Click to read recent material related to that character.

 

Financial and legal notes.

 

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

cenveo

Financials for this doomed, executive looting M&A disaster are analyzed through the end of 2016.

SHERIDAN

Financials are analyzed through the end of 2012, when this massively-indebted M&A ego trip stopped reporting to the SEC.

PRINTCAFE

Financials are analyzed through the end of 2003, when this criminal M&A ‘Dot-Con’ bankrupted, and was stolen from Creo by EFI.

ROUNDING

To facilitate document searching by reporters/attorneys, financial report data is generally truncated rather than being rounded up.

INFLATION

Debt amounts are unadjusted — other dollar amounts have been 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 an increase in losses — in Cenveo’s case, those Burton/Reilly losses are an astronomical $1.26 billion!

 

Letal notes about Defamation

 

Webmaster
Notes:

Watch an ignorant thug get swatted down for attempting to intimidate Yahoo Finance Cenveo critics by raising the prospect of a Burton lawsuit for defamation.

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

 

Dedicated to the only honest man among the Printcafe thieves.

 

Webmaster

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

Taffler

This website is dedicated to the late Jon Taffler — founder of PSI Software — the first company acquired by Printcafe — for $25M. ($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 $335 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 $25M (in Y2K dollars) in the catastrophically failed Printcafe — a software monopoly “roll-up merger.” Later Creo invested and lost scores of millions more.

 

Notes to the audiences for this family of printing- industry-related whistle-blows.

 

CenveoWikiLeaks, CMUWikiLeaks, EFIWikiLeaks, FNBWikiLeaks, NDPWikiLeaks. PittWikiLeaks, PrintingWikiLeaks, SaturnWikiLeaks, SheridanWikiLeaks, ULIWikiLeaks.

Notes

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John Walsh headshot

The Beagle Boys, portrait

1. Canadian reporters should ask Amos Michelson and Judi Hess why they settled American charges of securities fraud, rather than trying to clear their names  in court.

In reality, the bankrupting Kodak destroyed Creo — after the failing Creo lept into Kodak’s jaws to escape being gobbled up by Cenveo’s Bob Cookie MonsterBurton.

2. Carnegie Mellon Trustees should fear that the 14-year cover-up for CyLab founder William Guttman will torpedo the renewal of their $1.7 billion SEI government contract.

The CMUWikiLeaks website explains Guttman’s identity fraud and felony theft-by-deception of salary and benefits, which made him CMU’s “Bernie Madoff” Insider Threat.

3. Cenveo employees should mourn the thousands of their jobs that were vaporized by Mahoney+Reilly+Burton’s shopaholic, acquisition-addicted M&A mania.

Bankruptcy is in the cards for this executive-looting disaster (which was engineered by means of a ridiculous crony board of directors).

4. Congress & DoD should invite MIT, Cal Poly, and other honest, superstar institutions to bid on the 2020 renewal of Carnegie Mellon’s $1.7 billion SEI contract.

CmU’s administration is a deeply delusional parade of peacocks — if they tell you the time of day, you should check your watch regardless.

5. EFI employees should be disgusted by Gecht and Olin’s crowing about Printcafe ‘success,’ when it was really a criminal securities fraud that bankrupted after losing $1/3 billion.

After GlassHouse Research exposed EFI’s cooked-book accounting, its shareholders lost $1 billion in a single day, and Marc and Guy were immediately sued by 26 law firms.

6. FCI Federal management should be aware that its new Operations Analyst — Hugh Tolson — has issues with: abuse of women, incompetence, pathological lying, and thievery.

7. FNB should investigate its new Director — CMU General Counsel Mary Jo Dively — for 1) her lies to Microsoft, and 2) her ongoing cover-up of William Guttman’s identity fraud.

8. Idealliance staff should note that Gary Pawlaczyk, Ken Garner, and Mike Philie committed joint career suicide by lying to the industry, and then covering it up.

9. New Direction Partners should retain Dr. Phil to help Paul Reilly deal with 15-years of pathological lying to the printing industry about his imaginary Cenveo M&A success.

10. Pittsburgh reporters should ask CMU General Counsel Mary Jo Dively to disclose who investigatedWilliam Guttman’s bogus résumé and said that it was “not incorrect.”

11. Saturn/TNCV/TL Ventures clients should ask their venture capital investors why they have ignored years of whistle-blowing about William Guttman’s financial frauds.

Guttman claims that he likes to ‘mentor entrepreneurs‘ — but in reality, Mr. Bill likes to fondle unsuspecting young startups, because he killed three of his own.

Watch The Printcafe Slideshow, and ask Guttman and his venture capital partners: “Where is the slideshow wrong?”  And ask “How did Printcafe lose $1/3 billion?”

12. SECURItiEs FRAUD LAWYERS should keep an eye on www.EFIWikiLeaks.com, where both trial prep and jury education materials are being published.

13. Sheridan-BANG should note that John Saxton and Ken Garner became accessories-before-the-fact to the Printcafe securities fraud — by endorsing its non-existent “e-commerce.”

They did this in exchange for 100,000 pre-IPO stock options that were never disclosed — either to the printing industry or to the public investors to whom they were touting Printcafe.

14. United Litho staff should note that while Ken Garner was busy climbing the NAPL ladder, he condoned lying, theft, and abuse by Wayne Peterson and Hugh Tolson.

15. University of Pittsburgh Trustees should ask David Shapira why for six years, 2003-2009, he stonewalled whistle-blowing about William Guttman’s fraudulent CMU résumé.

Rather than David Shapira, Pitt’s “business ethics and leadership” class should be taught by his honest former Phar-Mor General Counsel, Charity J. Imbrie Esq.

 

 

 

 

Links to all Cenveo analysis.

LATEST!     Beavis-and-Butthead M&A Tag Teams.    The Cenveo Horror Picture Show.     I gotta have more Cowbell!     Burton Abuses Banta CEO Stephanie Streeter.

Titanic, sinking left

Debt$1.0 billion.

Losses$1.3 billion.

Bankruptcy — imminent.

Or a Burton-vs.-Reilly style
hostile takeover by
Nat Puri.

Any fool can buy a company.

Cenveo for Dummies.

Lather, Rinse, Repeat.

Reilly is very bad at math.

Bob Burton’s insane plan.

Cenveo vs. EFI.

Memo to EMA, bankruptcy.

Reilly/Burton=Madoff/Kevorkian.

Bob Burton’s delusions.

Cry me a river, Bob.

Memo to EMA, crime families.

Sleepless in Stamford.

Burtons are a crime family.

David Letterman’s friend.

Memo to EMA, Paul Reilly.

The British are coming — Maybe.

Cenveo avoided bankruptcy.

How to bankrupt Cenveo.

Reilly was an arsonist.

Will Cenveo bankrupt next?

 

Analysis of Cenveo’s BLACK FRIDAY — 27-Oct-2017.

Cenveo is the 6th largest printer.

In 2016, sales were $1.7 Billion.

Debt was $1.0B — losses $1.3B.

·    On Wed 25 Oct 2017, NASDAQ:CVO shares plunged to a record low of 14.75 cents/share (in pre-split terms).

That’s down 99.4% from the (ridiculous) May 2007 record high of $26.50/share. ($31.43 in today’s dollars.)

·    On Fri 27 Oct 2017, gamblers called ‘swing traders' toyed with Cenveo’s stock like cats with a mouse.

It costs them nothing to trade with their cell phones — using the RobinHood app, for example.

·    Black Friday’s trading volume was 136x normal —  4,942,025 shares vs. the post-split average of 36.1K shares.

CVO’s share price fluctuated wildly from $1.30 to $2.04. (16.25 cents to 25.50 cents, in pre-split terms.)

You can buy the entire company for $11M — but only if you need a tax loss, because it will go bankrupt.

·    Cenveo is going to be a horrible $2 BILLION catastrophe that will further traumatize its 7,300 employees.

Not to mention the banks who entered 2017 holding Cenveo’s $1.0 BILLION of debt, at 6.8%.

Not to mention the 40% of the nation’s mail shops who buy their envelopes from the Cenveo Frankenstein.

Cenveo’s Historical Stock Prices.

Allianz’s devastating takeover analysis.

Black Friday

Stick kick

Why hasn’t the Burton crime family
been given the boot by the Board?

As of Thanksgiving week 2017, Cenveo’s share price was in the 11-to-12 cent range, and you could buy the entire company for $7-to-8M dollars.

 

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Idealliance EVP Ken Garner and SVP Mike Philie are gone.

Snatched by the same space aliens that abducted Gary Pawlaczyk!

 

Space cow

David Steinhardt, headshot

Ken Garner, headshot

Epicomm logo

Mike Philie, headshot

Gary Pawlaczyk, headshot

   Ken Garner and Mike Philie have silently disappeared from the Idealliance website — just like Gary Pawlaczyk did in June of 2016.

   As Cenveo’s EVP of Sales, Pawlaczyk lost $491M and was notoriously abusive to his staff — and was finally fired by the Burtons.

   But, Oops!, he forgot to mention all this to Epicomm — and Garner and Philie failed to perform due diligence when they hired him.

   Even after being warned about him, Garner and Philie made Pawlaczyk the headliner of their 2016 Epicomm Experience conference.

   At the conference, Pawlaczyk was spotlighted and featured, selling his snake-oil, science fiction Solutions Providerfantasy.

   After Pawlaczyk’s public exposure, Steinhardt fired him — but stealthily concealed that fact from the industry and from the press.

   Pawlaczyk scrubbed Epicomm from his LinkedIn account (BEFORE/AFTER) and Idealliance quietly scrubbed him – in a conspiracy of silence.

   Idealliance’s leadership has failed to sue Pawlaczyk for his felony theft-by-deception of $100K+ of member dues (as salary and benefits).

   The Board and Steinhardt, therefore, should be swept out of office and replaced by candidates who run on a platform of transparency.

   Note that Idealliance is vocally outraged by truth telling, but doesn't give a hoot about Pawlaczyk’s slithering away with member dues.