The Raystream story has it all - a too good to be true product, excessive company sponsored paid promotional campaigns and ties to promoters of other companies that have been pumped before they were dumped. The stock has gone from $1.00 to $2.51 at its high since completing its “corporate restructuring” on October 4, 2011 and has already been exposed by two well-known research sites: The Street Sweeper (Dec. 1) and PumpsandDumps.com (Dec. 5). We also believe that TimothySykes.com views the RAYS story in negative light. So now it seems that the jig is up for RAYS. Of no surprise, one of the company’s only three named “customers” (not clear whether or not they are paying) has already severed ties with them, as discussed later. It appears that the company’s large campaign to inform investors of a “proprietary” and “revolutionary” technology, claimed to have the ability to compress video like never seen before, has finally backfired on them. Investigations into the morality and intentions of their dealings, present and past, has uncovered disturbing truths and historical events shady enough to make even the most risk-tolerant investors run for the hills. In a revealing commentary, The Street Sweeper released a column that discussed questionable business practices, delving into RAYS’ botched and weak attempt to fool what they obviously thought were naïve investors, presenting to them a product put together from free and open-source software and calling it their own. PumpsandDumps.com counted twelve stock promoting sites that were engaged in touting RAYS, but something tells us that this number is conservative. The Street Sweeper’s article also covered a brief look into the intertwined cast of characters charged with molding the RAYS fraud into what it is today and the cast’s evident conflicts of interest in doing so. We decided to go a step further and uncovered eye-opening instances of recurring relationships tied to failed ventures and brazen pumps. (See page 17) The fact that GeoInvesting was concurrently looking into RAYS speaks volumes to the extent of the “company’s” pump tactics. In fact, on October 21, 2011 we stated on one of our premium blog pages (Open Short Positions) that we were already short RAYS. In the end, our own network of sleuths reached many of the same conclusions as The Street Sweeper. We decided to collaborate with a third party researcher and expand upon his excellent documentation and commentary which immediately caught our eyes. From our experience, once the P&D stock’s chart pattern breaks, taking shares below $1.00, the end of the successful pump campaign is inevitable. We don’t know how long the stock will be pumped, but it appears to already be unraveling and we surmise it’s just a matter of time before some lonely investor(s) will be left holding the bag. We believe that RAYS is worth no more than what it would claim as a shell company or at most about $0.004 to

1. Pump & Dump Report on Raystream, Inc. (OTCBB:
RAYS). RAYS loses one of its alleged three
customers, without disclosure. December 29, 2011
Abstract Notable Red Flags
The Raystream Inc. story has it all. A too In this 40 page report, we discuss many of the red flags that support the
good to be true product, excessive company case for deception and fraud on a grand scale, some of which you may
sponsored paid promotional campaigns and already be aware of and others that have certainly flown under the radar.
ties to promoters of other companies that have
been pumped before they were dumped. The Raystream’s Technology is not a Secret (See page 8)
stock has gone from $1.00 to $2.51 at its high The company’s claims of a proprietary high definition video compression
since completing its “corporate restructuring” technology, related to AVC/H.264 video codecs, are flat out misleading. In
on October 4, 2011 and has already been fact, it is and has always been available as free and open-source software on
exposed by respected research sites. other sites. Furthermore, RAYS claims “No other company specializes in
HD compression technology.” To verify Raystream's claims, we decided
So now it seems that the jig is up for RAYS. to do a simple web search. As expected, we found several companies that
The company’s large campaign to inform specialize in HD video compression technology.
investors of a “proprietary” and
“revolutionary” technology, claimed to have Excessive Promotion (See page 7), REQUIRED READ!!
the ability to compress video like never seen Raystream has spent millions of dollars on a self-promotion campaign just
before, has finally backfired on them. to disseminate details of its story. Over a dozen sites have joined the pump
Investigations into the morality and intentions train to fuel what we believe is a sensationalistic campaign designed to dupe
of their dealings, present and past, has investors who are none-the-wiser about exactly how ubiquitous the
uncovered disturbing truths and historical technology really is. In fact, Go Daddy suspended the Smauthority.com
events shady enough to make even the most domain, a pumper for RAYS.
risk-tolerant investors run for the hills.
The Usual suspects (See page 18) REQUIRED READ!!
The people involved with Raystream include a cast of characters that have
had a long and lurid history with rogue development stage companies that
Valuation eventually failed. The same people are continually tied to one another with
each new venture. (Evidence to be sent to SEC Task Force)
Until RAYS clearly demonstrates that it can
secure industry giants as customers or books Dilution Imminent (See page 24)
meaningful revenues we believe that RAYS is Investors are likely to get slammed with massive dilution due to
worth no more than what it would claim as Raystream’s need for capital. RAYS admits it will have to raise funds
a shell company or at most about $0.004 to within the next 3 to 12 months, depending on which SEC filings are
$0.01. ($200k to $500k divided by 50M referenced, just to sustain operations.
outstanding shares). Furthermore, even if
RAYS has a semblance of legitimacy dilution Loss of customers (See page 17)
is a major risk limiting meaningful EPS Exactly who are Raystream’s customers? We contacted one of three
results. Even if one wants to apply RAYS alleged RAYS customers only to find out that it no longer has a
claimed shareholder equity (which virtually relationship with RAYS? Does this sound like someone who was excited
consists solely of goodwill) in its October about a technology that would revolutionize the way things are done?
2011 10Q, one would derive a price target of
$0.19. RAYS has no problem name-dropping when it comes to large players like
Netflix and YouTube possibly lining up to use their product, but they fail to
For a company with limited revenues, equity recognize that these and other notable names are already AVC/H.264
offerings will likely have to be accomplished licensees, as you will learn.
at a major discount to its current market price.
GeoInvesting has historically been a financial portal with a long bias keyed on discovering strong growth companies, both Chinese
and American. However, our approach to investing is not prohibitive to identifying what we believe to be instances where
companies may be practicing deception in various aspects of their businesses. We make our conclusions based on a wealth of
information we obtain by examination of both SEC and SAIC filings, as well as from extensive on-the-ground due diligence in
China and now the U.S. Such due diligence resulted in uncovering fraud with PUDA, YUII and SBAY, all of which were halted
shortly after our investigations. To see a snapshot of the outcomes of our DD, please see Exhibit 9.
GeoInvesting, LLC | 4440 Township Line Road| Suite 103 | Skippack, PA 19474 | 484.991.8426
GeoInvesting.com

2. Contents
Introduction ................................................................................................................................................... 3
Our first OPR nominee belongs to Raystreams (RAYS) .............................................................................. 4
Going public details ...................................................................................................................................... 6
Let the pumping begin .................................................................................................................................. 7
What Happens Next?............................................................................................................................ 7
Claims of a “disruptive technology” .................................................................................................... 8
Too Good to be True? .......................................................................................................................... 8
Massive Pump Campaign: So where is the money being spent? ................................................................ 13
The RAYS-LEXG Connection........................................................................................................... 14
Gekko Industries Inc. ......................................................................................................................... 14
Persons and places involved in RAYS- No Strangers to Pump and Dump Stories .................................... 18
German Leg ........................................................................................................................................ 18
Castle of Lichtenfels and Tan Siekmann ........................................................................................... 18
Michael Kang and Francis Villena ..................................................................................................... 20
Roman Rumpf .................................................................................................................................... 20
Thomas Friedli ................................................................................................................................... 22
U.S.A. Leg.......................................................................................................................................... 22
Nadia Christian................................................................................................................................... 22
Dane Butzer ........................................................................................................................................ 22
Clues of an Off-Shore Scam ("Regulation S”)............................................................................................ 23
Dilution is a certainty .................................................................................................................................. 24
TICK TOCK....................................................................................................................................... 25
Valuation & Conclusion ............................................................................................................................. 25
A Note to Caution ....................................................................................................................................... 26
EXHIBITS .................................................................................................................................................. 27
Exhibit 1 – A Review of how RAYS exhibits characteristics of a Pump and Dump Scam ............... 28
Exhibit 2: All Video players show that the Raystream video used the common H264 codec. .......... 30
Exhibit 3: Deceptive modification of sections of website. ................................................................. 31
Exhibit 4: The original code (of course commented) is still present on the web page. ...................... 32
Exhibit 5: Raystream GmbH Company Owners (Handelsregister) ................................................... 33
Exhibit 6: TOM BGmbH Company Owners (Handelsregister) ......................................................... 34
Exhibit 7: Unlimited Trade Delegate Tan Siekman to represent the company with the German
Notary. ................................................................................................................................................ 35
Exhibit 8 – Codecs List, License Status ............................................................................................. 36
Exhibit 9 – GeoInvesting’s Notable Track Record ............................................................................ 39
www.geoinvesting.com 2

3. Introduction
Most investors know the GeoInvesting for its work covering the ChinaHybrid space; both during its glory
days and unfortunately also during its ultimate fall from grace. At times, some observers questioned our
motives and criticized us for not examining suspicious activity taking place on U.S. shores (Exhibit 8).
We have taken this criticism seriously and have slowly begun developing a framework to identify less
than honest behavior in the U.S. Just as in the ChinaHybrid space we will approach the deception card
using two categories:
1. Real companies that are not being totally transparent with investors.
2. Companies with barely a semblance of a real operation that play in the OTCBB, Pinksheets
and/or RTOs space (OPR) pumping their field of dreams while employing the usual promotion
tactics: Pump and Dumps (P&D).
JVA was our first U.S. short piece representing the first point above. On July 19, 2011, shortly after
stating we shorted the stock at $22.30, we discussed our opinion on how this real company was
misrepresenting its earnings power while insiders were selling shortly thereafter. Since then the company
filed a shelf and raised money with the aid of Roth Capital. The stock currently trades around $8 per
share.
Examples of companies representing the second point above are names such as Jammin Java (JAMN) and
Takedown Entertainment (TKDN). TKDN’s ride on the ultimate fighting hype ended with a TKO
(premium page), while JAMN’s caffeine high eventually ran out. Both of these stocks met the inevitable
doom symbolic of the P&D stories indicative of the all too common crash and burn chart patterns.
TKDN 6 Mo Chart
www.geoinvesting.com 3

4. JAMN 1 Year Chart
Our first OPR nominee belongs to Raystreams (RAYS)
Rays 3 Mo Chart
www.geoinvesting.com 4

5. The Raystream story has it all - a too good to be true product, excessive company sponsored paid
promotional campaigns and ties to promoters of other companies that have been pumped before they were
dumped. The stock has gone from $1.00 to $2.51 at its high since completing its “corporate
restructuring” on October 4, 2011 and has already been exposed by two well-known research sites: The
Street Sweeper (Dec. 1) and PumpsandDumps.com (Dec. 5). We also believe that TimothySykes.com
views the RAYS story in negative light.
So now it seems that the jig is up for RAYS. Of no surprise, one of the company’s only three named
“customers” (not clear whether or not they are paying) has already severed ties with them, as discussed
later. It appears that the company’s large campaign to inform investors of a “proprietary” and
“revolutionary” technology, claimed to have the ability to compress video like never seen before, has
finally backfired on them. Investigations into the morality and intentions of their dealings, present and
past, has uncovered disturbing truths and historical events shady enough to make even the most risk-
tolerant investors run for the hills.
In a revealing commentary, The Street Sweeper released a column that discussed questionable business
practices, delving into RAYS’ botched and weak attempt to fool what they obviously thought were naïve
investors, presenting to them a product put together from free and open-source software and calling it
their own. PumpsandDumps.com counted twelve stock promoting sites that were engaged in touting
RAYS, but something tells us that this number is conservative.
The Street Sweeper’s article also covered a brief look into the intertwined cast of characters charged with
molding the RAYS fraud into what it is today and the cast’s evident conflicts of interest in doing so. We
decided to go a step further and uncovered eye-opening instances of recurring relationships tied to
failed ventures and brazen pumps. (See page 17)
The fact that GeoInvesting was concurrently looking into RAYS speaks volumes to the extent of the
“company’s” pump tactics. In fact, on October 21, 2011 we stated on one of our premium blog pages
(Open Short Positions) that we were already short RAYS.
In the end, our own network of sleuths reached many of the same conclusions as The Street Sweeper. We
decided to collaborate with a third party researcher and expand upon his excellent documentation and
commentary which immediately caught our eyes.
From our experience, once the P&D stock’s chart pattern breaks, taking shares below $1.00, the end of
the successful pump campaign is inevitable. We don’t know how long the stock will be pumped, but it
appears to already be unraveling and we surmise it’s just a matter of time before some lonely investor(s)
will be left holding the bag.
We believe that RAYS is worth no more than what it would claim as a shell company or at most
about $0.004 to $0.01. ($200k to $500k divided by 50M outstanding shares). Even when applying RAYS
claimed shareholder equity (which virtually consists solely of goodwill) as shown its October 2011 10Q,
a price target of just $0.19 can be derived.
What follows is our assessment on RAYS, an effort to supplement the research of prior authors, with
additional information.
www.geoinvesting.com 5

6. Going public details
The history of RAYS is quite brief.
November 4, 2010
A “real estate development company”, Interdom (stock symbol prior to RAYS: ITRD), with no revenues
went public through an S-1 filing. Interdom Corp was incorporated by Igor Rumiantsev in Nevada on
December 8, 2009 with an authorized share count of 75,000,000. Interdom never progresses with its
strategy but still has an asset as a public vehicle.
June 14, 2011
A change in the control of Interdom occurred when Igor Rumiantsev sold all of his 3,500,000 common
shares (83.8% of the Company’s outstanding and issued common stock) for $200,000 in a private share
purchase transaction to Unlimited Trade Inc.
The Raystream Connection is Born
On the same day (and SEC filing) Igor Rumiantsev resigned and Interdom appointed Roman Rumpf as
its new President, CEO, Principal Executive Officer, Treasurer, CFO, Principal Accounting Officer,
Secretary, Treasurer and as Director.
The 8K filing offers the following biographical information about Roman Rumpf:
Currently, Mr. Rump is the general manager of Raystream GmbH, a private technology company,
a position he has held since March 2011. From April 2010 to February 2011, Mr. Rump worked
as a technical consultant at Elogic GmbH, a private electronic FX Trading company. From
March 2008 to March 2010, Mr. Rumpf worked as Head of Development for Burg Lichtenfels
GmbH & Co. KG, a private IT-Security company. From June 2006 to February 2008 Mr. Rumpf
was Project and Product Manager at Qnective Inc. a private Social Networking company.
Note: GmbH is the German equivalent of LLC.
We'll examine this information later. For now, just remember the bold items in the excerpt above and note
that this is the first time (June 14, 2011) that the name “Raystream” was referenced.
On July 12, 2011
The company appointed Brian Petersen to executive positions.
On July 18, 2011
As its new controlling shareholder, Unlimited Trade lent the company $2 million via a convertible loan,
due in July 2013, (we will revisit this item). (Related party loan) (see July 21 8k)
www.geoinvesting.com 6

7. On August 22, 2011
Interdom completed a 37 for 1 forward split and changes its name to Raystream as it prepares for the
inevitable acquisition of Mr. Rumpf’s affiliated company, Raystream GmbH.
On September 19, 2011
Raystream Inc. acquired Raystream GmbH in a ZERO cash transaction using 20 million shares as
consideration.
Also on September 19, 2011 after only two months of possession of its loan and with essentially no
trading market for RAYS shares, Unlimited Trade (largest and newest shareholder) opted to convert its
loan into 5 million (unregistered) shares of common stock at $0.40 (equal to $2 million or the amount of
their original loan), well below the current going market price of RAYS.
Let the pumping begin
On October 4, 2011 RAYS issued its first press release.
After trading a combined volume of 5 thousand shares in recent trading sessions prior to this release,
volume exploded to 5.2 million shares on October 10, 2011 and never looked back.
Shortly thereafter, the company sponsored a $3.25 million promotion campaign.
This story smells of a classic shell game. Take control of a public shell and develop a “sexy” business
plan. Next, enter into a related party convertible loan where potential shares will cover the cost of the
“riskless” loan that you essentially control. Next, instead of having to spend cash which the company does
not have, the company purchases non-patented “ground breaking technology” from (Raystream GmbH)
using stock, where the R&D capital has allegedly been spent. Finally, create enough trading volume to
sell your unregistered shares. At the stocks high the company’s convertible loan shares were valued at
$12.5 million. This easily covers the cost if the $3.25 million promotional campaign. Better yet, the 20
million shares that were so graciously given to Raystream GmbH were worth $50.2 million. Not a bad
day for a company with essentially no revenues.
What Happens Next?
Ultimately, we surmise that the stock will plummet:
 as investors realize that RAYS may not be what it purports itself to be.
 as investors realize that even if some legitimacy exists, the company will have to tap the equity
markets.
 if the company just goes dark after selling its convertible shares and the promotional capital dries
up.
As you will read later in the report and what has not yet been discussed by other authors, RAYS admits it
will have to raise funds within the next 3 to 12 months, depending on which SEC filings are
www.geoinvesting.com 7

8. referenced, just to sustain operations. This deadline is approaching fast and has likely accelerated now
that it has a “revolutionary”, unpatented product to market. At best, substantial dilution, an investor’s
worst enemy, is around corner and should continue well into the future. Investors who purchase RAYS
shares now could soon be blindsided with an equity offering and a sharp hit to the share price.
These are some of the Red Flags encompassing the RAYS story, often shared by other P&D’s:
 Sexy story,
 Possible exaggeration of “proprietary’ product function or technology,
 Insignificant customers relations
 Promotional activities
 Usual Suspects of fraudulent accomplices
 Dilution
Claims of a “disruptive technology”
Rays is a small development stage software company founded on March 21, 2011 which allegedly owns
a “proprietary” ground breaking online video compression technology. According to their website this
“technology drastically decreases bandwidth costs by reducing the file size of HD videos up to 90
percent, with an average of approximately 70 percent, and with no loss in clarity or quality -- so they can
be streamed online without buffering or stopping.”
According to a recent article by Streetsweeper.com: RAYS of Sunshine ... or Clouds of Doom?
“They appear to be selling open-source software – available at no charge – to anyone who wishes
to use it. That software, known as “x264,” can be downloaded here for free” which is given away
as shareware.
While we are by no means video technology compression experts, it was easy enough to substantiate
Street Sweeper’s claims that the x264 encoder (one of the many implementations of the proprietary H.264
format) used to compress video is “free and open-source software” (defined) licensed as GNU GPL. Just
follow this link you can clearly see that the technology can be characterized as such.
Even more startling is there is a list of companies that have already registered as licensees to use
AVC/H.264 – some of which are the same companies named in the P&D material that claims they
will be lining up to become RAYS customers! Among them are Netflix and Google. RAYS needs to
offer more clarity on this issue.
Too Good to be True?
As the pumpsanddumps.com states:
“Beware if the company claims to be an industry leader (do you really think a penny stock can be
www.geoinvesting.com 8

9. a leader in anything except possibly scams?) or has made a breakthrough discovery. A company
with legitimate breakthrough technology is unlikely to be promoting itself on the penny stock
market and will most likely have funding available to it within a variety of partnerships with
major companies. These same companies will not likely be interested in dealing with a penny
stock company. Also, question the likelihood of a fairly new company being the leader in
anything other than schemes.”
Let’s see what RAYS declares to be…
From the Company Profile on Yahoo!Finance:
Raystream Inc. provides proprietary video compression technology to businesses and
consumers worldwide. Its technology reduces the file size of high definition (HD) videos with no
loss in clarity or quality. The company enables HD video over Internet connections through its
online video platform. Its automated content management system enables users to manage
uploading, editing, conversion format, and queue management, as well as storage, analytics, and
client side utilities. The company offers commercial conversion for large-scale content owners,
content distribution networks, advertising groups, and telecommunications companies; personal
conversion for smaller video content developers, individuals, and person users; and live-
streaming for large and small businesses, news organizations, sporting clubs, and individuals.
From the “About Raystream” in a recent press release:
Raystream Inc. is bringing its proprietary video compression technology to businesses and
consumers worldwide. This technology drastically decreases bandwidth costs by reducing the file
size of HD videos up to 90 percent, with an average of approximately 70 percent, and with no
loss in clarity or quality -- so they can be streamed online without buffering or stopping.
Raystream’s technology puts high definition video in the reach of nearly every Internet user on
the globe.
In their October 2011 10Q, RAYS makes what we thought looked like an absurd statement coming from a
company with no financial backing from industry giants or venture capital firms
“Raystream is the first company to offer HD compression technology”…“No other company
today specializes in HD compression technology.”
Wow! It seems they have discovered one of the most disruptive video technologies of the century,
with the potential to revolutionize the entire web!
To verify RAYS claims, we decided to perform our own simple web search. As expected, just by
conducting simple web searches, we found several companies that specialize in HD video compression
technology. You can do the same.
Interestingly enough, in a recent development on Reel SEO’s website, freelance writer Christopher Rock
www.geoinvesting.com 9

10. published a glowing follow-up to his originally skeptical column about Raystream’s technology. Well, we
have only to read the second sentence of his first paragraph to maintain a skeptical eye on the results that
Mr. Rock publishes further down in his column:
“I sent them a 271MB video file and asked them to do that voodoo that they do to it and send it
back.”
This is where we again say that Raystream’s secret sauce is no secret. Of course they can show that an
existing technology works, but what they fail to do is show, by technical example, how they have
added any value to x264. Anyone familiar with x264 can pretty much see this, as described in Lucian
Gregory’s blog post, Raystream (RAYS): Trying to Market Essentially Free Techology?, that came out
after Reel Seo’s column. An excerpt that we whole-heartedly agree with follows:
“In any case, the measurements here appear to show that Raystream's technology does not offer a
compelling solution for video compression over the freely-available x264 encoder. The
test of this was easy to put together and shows that Raystream's claim that "before
Raystream," compressions such as the ones Raystream achieves were not possible, is
patently false. Virtually the same compression ratios are achievable using a free product.”
So why hasn’t Raystream protected its only asset with patents? On the company’s website, the answers to
this frequently asked question sheds light on this issue:
Q: Does Raystream have a patent or patent pending on its technology?
A: Raystream did not apply for a patent for its HD video compression technology due to a
number of factors, most specifically as a measure to protect its proprietary nature and maintain it
as a trade secret claim. Other factors include:
o Applying for patent protection of our various technologies requires disclosure and full
description of how the technology works. If accepted, the patent details would be
published, opening our technology to possible replication by competitors without patent
infringement even if minor modifications were made.
o Securing a patent for software takes a long time, is expensive, requires government action
and approval, and involves a significant amount of uncertainty.
o Trade secret protection is quicker and less expensive, aligns with our strategy, and is
more certain.
o Patent protection offers only civil (monetary) remedies. Trade secret protection offers
federal criminal remedies.
o For these reasons, we have made the strategic decision to use trade secret protection
instead of patent protection.
www.geoinvesting.com 10

11. You can judge yourself, but in our opinion these considerations are simply unconvincing. How do you
explain the fact that practically all the other major proprietary codecs are patented (Exhibit 8)?
Another important reason to patent video codec is that their underlying algorithms are easy victims of
"reverse engineering". The hackers Jerome Rota and Max Morice (Link 1, Link 2) needed only a week to
reverse engineer Microsoft’s MPEG-4 Version 3 video codec!
On November 8, more evidence was provided supporting the argument that RAYS technology may not be
what they claim it to be. A simple test was published here, reproducible by anyone with a minimal Linux
OS expertise. The author was able to reach the same rate of compression claimed by Raystream - even 3
MB less – with the freely available tool mencoder and the H.264/AVC codec. By the way, one only needs
to download the RAYS showcase video to see that it was also compressed with this codec. Opening the
file “ray_480p.mp4” with a video player and looking for its properties will show you that the RAYS
proprietary codec is in reality a common H264 (Exhibit 2)
A few days after that test was published, RAYS modified the see-for-yourself-page, removing the
section on the left (“Watch original version - 686 MB”) and on the right (“Watch standard compression
214 MB - 214 MB”). The only video that remained was that one with the text “Watch Raystream version -
28 MB”. One of our investigators tried to reconstruct the page’s previous appearance, shown in the
Exhibit 3. At any rate, the old code was not removed (just commented) and it's still visible in the page
“source view” (Exhibit 4).
By now, it should be obvious that this story is too good to be true. Investors need to ask themselves a
question that is often asked by ChinaHybrid skeptics such as Muddy Waters and Citron. Why would a
company with such a game changing technology choose to go public via a transaction with a shell without
assets? The answer - we believe it is unlikely that the company has some game changing technology
and in the slim chance it does it will have to spend millions of dollars just cultivate it, diluting
shareholder value along the way.
We find it impossible to believe that the firm that claims to possess unique technology could not raise
substantial capital as a private firm, culminating in partnership arrangements with reputable industry
giants or in an impressive IPO debut when it could maximize its return on its investment. They instead
chose to come to the market with a public shell company (where their reputation would surely be
tarnished) that has limited funds to enhance or market the alleged Raystream “product.” This is a very
important point to understand. That would have been like YouTube choosing to go public via an RTO
transaction as opposed to combining forces with Google. If you have revolutionary technology the
giants will find you, and you will want to partner with a firm that can back you. You will not want to go
public and then embark on massive dilution activities to fund your business plan, nor will your
shareholders prefer this scenario. RAYS already has 50 million outstanding shares and to date has barely
raised any capital.
www.geoinvesting.com 11

12. SIDEBAR – All too Familiar Story
How the big boys with game changing technology do things
To this point, we suggest investors read the story of DiVx Inc., a company in the same business RAYS
claims to be that after several initial rounds of investment and funding by some venture capitalists went
public with an IPO price of $16.
The company started with an initial investment as they began their journey to NASDAQ, with an initial
investment of $5 Million in 2000, growing to $35 million in invested capital by 2005.
They solidified their position in the market place in 2006 by having their software downloaded with
over 180 million downloads and over 50 million DivX Certified devices shipped. Their partners
included Samsung, Sony, Toshiba and Philips, working in multiple devices such as DVD Players, Blu-
ray Players, Televisions, Game Consoles, Mobile Phones, Media, Streamers, Multimedia Storage
Devices, Portable Media Players and In-car Players.
They went public in September 2006 with annual revenues tracking at about $60 million. The registration
statement covered 9,100,000 shares of common stock at $16.00 per share, raising proceeds for the
Company, before expenses, of approximately $111 million. They closed at $18.70 per share, giving the
San Diego-based company a market value of $625 million.
According to an excerpt from the DIVX 8-K filed Oct 30, 2006, third quarter consolidated revenues
were $15.4 million, an increase of 83 percent from the third quarter of 2005. Non-GAAP Net income in
the third quarter of 2006 was $3.6 million, or $0.12 per diluted share, compared to net income of
$821,000, or $0.02 per diluted share, in the third quarter of 2005. Revenue for the nine-month period
ended September 30, 2006 was $42.7 million or 90 percent more than the comparable 2005 period.
Non-GAAP net income for the nine months ended September 30, 2006 was $9.15 million, or $0.33 per
diluted share, as compared to net income of $373,000, or $0.01 per diluted share, for the nine months
ended September 30, 2005.
They were acquired four years after the IPO in September of 2010 for $323 million by Sonic
(SNIC), developer of digital media software (its flagship brand is Roxio). The price amounted to $9.25 a
share. At the time DivX employed 371 workers worldwide.
Sonic in-turn was then purchased three months later in January 2011 by Rovi Corp. for $725 million.
So what did Raystream GmbH sell its ground breaking technology for? Well they certainly did not
require any cash or follow the route that a respected firm like Divx took.
From the SEC Filing dated 09/23/2011:
On September 19, 2011, Raystream Inc. (the “Company”) entered into an agreement whereby it
acquired 100% of the issued and outstanding shares of Raystream GmbH in exchange for the
www.geoinvesting.com 12

13. issuance of 20,000,000 shares of common stock of the Company. The acquisition of Raystream
GmbH makes it a wholly-owned subsidiary of the Company.
They paid Raystream GmbH with 20,000,000 common shares. How much was it in U.S. Dollars? The
answer to this question isn't so easy because at that time the stock was not actively traded in the market.
Anyways, considering that about a month before (August 22, 2011) Interdom Corp (ITRD) affected a
37:1 forward split and that all the shares issued in the past had a value of $0.03/share, it's reasonable to
estimate a value of $0.0008. That means, that Roman Rumpf, the 29 year old founder of Raystream
GmbH and inventor of this breakthrough technology gave it away for $16,000 in stock, and no cash!
Where/Who are RAYS Customers?
If you had a revolutionary product wouldn’t major companies like Netflix, Youtube, Hulu and the like be
chomping at the bits to access your products? The RAYS promotional campaign wastes no time tossing
these names around as potential RAYS customers. So who are RAYS customers? Well surprise, these big
boys are not customers of RAYS. What is interesting is that if you visit the site that hosts the free and
open-source software that RAYS applies to its product you will notice that all the big names have
registered to this site and are keenly aware of AVC/H.264. These include Google (who owns YouTube),
Netflix and YouTube. Apparently this technology is not a secret.
So far, Raystream has only named three customers, one of which is here in America called EdgeFactory
OmniMedia. We called and spoke with a representative and discovered they had already severed ties
with Raystream and will no longer do business with them.
The second is Laterna Magica located in Germany. We called and left several messages, stating that we
wanted to find out more about RAYS video compression technology and how effectively it was working
for them. We were clear in conveying that we were considering RAYS as a potential investment and
thought that speaking with a client like Laterna, named by RAYS on their website, was a good start. We
did not receive a call back. Our last attempt was successful in getting in touch with the CEO, who would
not comment regarding their relationship with Raystream.
Finally, RAYS just recently announced the Christian Broadcasting Network as a “customer” who will be
using the technology on a trial basis for 60 days. We take this to mean free of charge. Are all of their
“customers” on a trial basis? Is this why there is no revenue stream?
Massive Pump Campaign: So where is the money being spent?
So far we have confirmed that RAYS largest shareholder, Ultimate Trade, has spent at least a grand
total of $3.25 million on a promotional campaign to disseminate the RAYS story. RAYS management
should be advised to put that money to better use by spending capital to develop its market and customer
relationships. We find this unbelievable. RAYS is not even hiding the fact that it is essentially as we
see it, pumping its own stock. Per its 2011 second quarter 10Q the company has spent no capital on
R&D and only $6,774 to market its revolutionary product. We plan to send information on this and
more to the SEC Special Task Force.
www.geoinvesting.com 13

14. This is not the first time Ultimate Trade has been involved in a stock promotional campaign.
The RAYS-LEXG Connection
The original change of control filing mentioned earlier in our report says nothing else about Unlimited
Trade Inc, but we will learn though some subsequent filings (on September 23, 2011) that it is an
offshore entity.
Before the September 23 filing, an iHub user posted the addresses associated with the domain unlimited-
trade.com:
Unlimited Trade Inc.
Frankfurt Office
Bockenheimer Landstraße 17/19, 60325 Frankfurt/Main, Deutschland/Germany
P: 0049 69 710 455
Panamá Office
Edificio Century Tower, Piso 4, Oficina 401-2141, Panamá, República de Panamá.
info@unlimited-trade.com
We also learned that Unlimited Trade Inc. is a sort of German-Panamanian entity. To be more precise,
there is no entry about Unlimited Trade in the German Company Register, and the address above is a
virtual office – not the first one that we will reference in this story.
Looking at the Panamanian Company Register, we have more luck in finding some interesting
information.
The company was created on October 5, 2010 and the following persons are its officers (or more likely
straw persons):
• Marcos Antonio Gomez Sanchez (President)
• Francela Ivonne Findlay Silva (Treasurer)
• Orlando Zamet Reyes Saldaña (Secretary)
Thanks to a very useful site (http://ohuiginn.net/panama) we can do a search with these names and
quickly discover that there is another Panamanian company with two of the same officers:
Gekko Industries Inc.
• Manuel Mauricio Monge Acuña (President)
• Orlando Zamet Reyes Saldaña (Treasurer)
• Francela Ivonne Findlay Silva (Secretary)
www.geoinvesting.com 14

15. The name of Gekko Industries came into the public eye in relation with one of the most successful
pump-and-dump promotions of the year: Lithium Exploration Group Inc. (LEXG) (A story discovered
by The Street Sweeper when LEXG traded at $4.02, and now trades for less than $0.70).
But this is not the only link between RAYS and LEXG. In looking at the Html code of any Raystream
web page, there was a small piece of commented code that referred to LEXG!
<!--
<div class="fright stockquote">OTCBB: LEXG <span class="greenText">1.00 + 0.00</span><a
href="#None" class="header_butt">STOCK QUOTE</a></div>
-->
This appears to be clear the evidence that RAYS webmaster used the same Html Template that was used
for the LEXG site. It was removed on November 28, 2011 after the connection became public on a
forum but it's still visible in this video.
Strange coincidence, isn't it? But this isn't the last one. RAYS and LEXG are heavily pumped by many
paid stock promoting newsletters and on many message boards like those one of Yahoo and iHub. Starting
on October 12, 2011, RAYS was promoted by more than 19 paid newsletters and in the first week of
November was among “The Most Promoted Penny Stocks This Week” according to stockpromoters.com.
By far, the most well paid RAYS campaign was one orchestrated by The Stock Market Authority
(smauthority.com, now a dead link). In their Disclaimer they say that they have indirectly “received and
managed a total production budget of $3,250,000” to provide public awareness for RAYS. According to
the disclaimer, the campaign was financed by Unlimited Trade. Recall that Ultimate trade is the
controlling shareholder of RAYS. During its short life, Smauthority promoted only one other stock,
LEXG. The LEXG campaign was also expensive, with a total production budget of $3,296,800 and was
financed by Gekko Industries. We believe that it's not beyond the realm of reason that whoever controls
Gekko Industries, Unlimited Trade, RAYS and LEXG are also tied to Smauthority.com.
On November 22, 2011, Go Daddy suspended the domain Smauthority.com for SPAM-AND-ABUSE.
As if the newsletter promotion hasn’t been massive enough (More info on this - Link 1, Link 2, Link 3),
the company has just embarked on a prolific IR campaign. On October 6, 2011 they "announced it has
retained Halliburton Investor Relations (“HIR”), a Dallas-based, full-service investor relations
firm". Since that alert until the end of November 2011, they released 8 announcements on Business Wire
with a lot of not-so-detailed claims or announcements.
For example, in a recent release (“Compression of Full High Definition 3D Videos”) they use the “sexy”
term “cloud-based architecture”. This is exactly the same term used by a substantial fraud we busted
earlier this year, the Chinese RTO Subaye (PINK:SBAY).
In another recent press release, they were pleased “to announce our office in Paris, France, opened on
www.geoinvesting.com 15

16. November 10, 2011” but as of now no Paris address is available on the contact page of the RAYS website.
In further dissecting the contact page, we noticed that the office in Germany is the medieval Cast of
Lichtenfels (as we'll see later, this cast dishes out a lot of surprises!) while the address in Orlando is a Da
Vinci Virtual Office. Another Da Vinci Virtual Office is the address reported on every SEC filing but
omitted on the web site: 219 Redfield Parkway #204, Reno, Nevada (Address of principal executive
offices). Regarding the office in Texas, it is only 1.8 miles from another company that we will encounter
later (it belongs to Raystream's CEO Brian Petersen): Petersen - Hines, LLC, located in 15305 Dallas
Parkway, Suite 300, Addison, Texas... another Virtual Office! But this time from Regus.
SIDEBAR - The Classic "Pump and Dump" Scheme
It's common to see messages posted on the Internet or sent by e-mail that urge readers to buy a stock
quickly or to sell before the price goes down. Often promoters of the stock will claim to have "inside"
information about an impending development or to use an "infallible" combination of economic and stock
market data to pick stocks. In reality, they may be company insiders or paid promoters who stand to gain
by selling their shares after the stock price is pumped up by the buying frenzy they create. Once they sell
their shares and stop hyping the stock, the price typically falls, and investors lose their money.
On the following pages below are a few companies with the most recent pump and dump scheme.
Lithium Exploration Group (LEXG) went from 12 cents to almost $4 a share in just under a month and
at one point had a market cap of almost $200 million.
LEXG 1 Year Chart
www.geoinvesting.com 16

17. Amwest Imaging (AMWI ) is a cloud computing company. It has around 500 million shares outstanding,
giving it a market cap of around $100 million.
AMWI 2 Mo Chart
Looking at both of these most recent examples will give you a feel to how pump and dumps work.
The SEC is investigating these type of companies but it’s usually too little too late for the investor. Here
are some recent actions by the SEC.
SEC Charges N.Y.-Based Penny Stock Promoter with Fraud
Washington, D.C., Jan. 14, 2011 — The Securities and Exchange Commission today charged an upstate
New York-based penny stock promoter and his affiliated website with fraud for failing to disclose that he
was paid by certain issuers to promote their stock while simultaneously liquidating millions of his own
shares for profits of at least $2.95 million.
The SEC alleges that Christopher Wheeler of Victor, N.Y., received compensation at various times in
2007 and 2008 to promote several thinly-traded penny stocks on his website, OTCStockExchange.com.
Wheeler's website claimed to "have compiled a long list of successful stock picks" and to afford investors
the opportunity to "make a fortune."
SEC Freezes Funds in Trans-Atlantic "Pump and Dump" Scheme, August 15, 2008 —The Securities and
Exchange Commission announced today that it obtained an emergency court order freezing the profits
from an alleged $13 million international fraud involving a Seattle-area microcap company and a
Barcelona stock promoter. The Commission charged Bremerton, Wash.-based GHL Technologies, Inc.,
and its CEO Gene Hew-Len with issuing a series of false press releases touting the company's business
www.geoinvesting.com 17

18. dealings. The Commission also charged Francisco Abellan (also known as "Frank Abel") of Barcelona,
Spain with coordinating the scheme, sending glossy promotional mailers to over 2 million U.S. recipients
and unloading over $13 million in GHL stock on unsuspecting investors. "The Street Stock Report," a
full-color glossy mailer sent to millions of U.S. addresses urging investors to purchase GHL stock quickly
to see huge trading profits. Around the same time, Hew-Len issued nine press releases over a nine-week
period hyping the company. Among other things, according to the SEC, the press releases made false
claims about contracts with large customers, fraudulently touting millions of dollars in potential revenues.
Following this concerted promotion campaign, GHL's stock price doubled and trading volume spiked
nearly 1500%. Abellan and his entities sold their GHL stock holdings for profits in excess of $13 million.
The stock, which reached a high of nearly $9 per share at the height of the scheme, now trades at under a
penny.
SEC Charges Seven in Global Warming Pump-and-Dump Scheme
Washington, D.C., Feb. 18, 2011 — The Securities and Exchange Commission today charged a group of
seven individuals who perpetrated a fraudulent pump-and-dump scheme in the stock of a sham company
that purported to provide products and services to fight global warming. CTTD.PK
SEC Charges Company CEOs and Penny Stock Promoters in Kickback Schemes
Washington, D.C., June 30, 2011 — The Securities and Exchange Commission today filed securities
fraud charges against several CEOs, their companies, and two penny stock promoters alleging they used
kickbacks, a bribe and blast e-mails to manipulate trading in microcap stocks.
Persons and places involved in RAYS- No Strangers to Pump and
Dump Stories
German Leg
The Raystream's site is hosted in Germany, it was registered by Roman Rumpf, that provided the Texas
office address as its Registrant Address. The Admin and Tech Addresses are the same: Ringstrasse 13,
Berndorf, Hessen. This address doesn't not jive with any address in SEC filings, but as we will learn later,
it's the private address of Roman Rumpf.
The address for the Raystream's German Branch is Burg Lichtenfels, 35104 Lichtenfels. “Burg” is the
German word for “Castle” and in fact the Caste of Lichtenfels is a real medieval castle.
Castle of Lichtenfels and Tan Siekmann
The Castle of Lichtenfels was built in 1189 and is located in the German State of Hesse, whose largest
city is Frankfurt am Main (remember that Unlimited Trade has/had a Virtual Office in Frankfurt).
Since the late 1980s this Castle has belonged to the German entrepreneur Tan Siekmann and his parents.
Tan Siekmann is well-known in Germany because his company, Biodata AG, also based in the castle,
was one the most famous bankrupt companies when Germany's Dot-Com bubble exploded. After
Biodata AG’s first insolvency in 2001(There is even a movie about it), the CEO and major holder Tan
Siekmann founded "Biodata Systems GmbH". Three years later (2004) "Biodata Systems GmbH" was
www.geoinvesting.com 18

19. also declared insolvent. Tan Siekmann, in this case, bought some of the insolvent assets and founded
"Safe-Com GmbH & Co. KG", and like the others was domiciled in the castle. Information on Safe-
Com is scarce, but its website, Safe-Com.com, is no longer active, although some archived/crawled parts
of the site are still available to view. It is also known that Roman Rumpf had a key technical role in Safe-
Com.
In another instance, as reported in a four year old article published by the German business magazine
"brandeins", the company Demuth & Dietl (a mobile telephony service provider) accused Tan Siekmann
of being responsible for its own bankruptcy. Even more interesting, the same article states that in 2007
Safe-Com bought 65% of BodyTel Scientific Inc. (BDYT). BodyTel was a development stage company
in a "sexy" sector (telemedical monitoring). After having touched $3 in 2008 it declined to 2 cents only a
few months later!
BDYT 5 Year Chart
There is still more…
When Tan Siekmann was one the Major Holder at BodyTel (BDYT), the company signed an investment
agreement with Michael Kang and Francis Villena , who acted as agents for Bridge Capital LLC (June
11 , 2008)
In the Panama Companies Register there is a firm registered on June 6, 2008 called Bridge Capital Inc.
(yes, we know the first was a LLC and this one is an INC.). Who were two of the three Bridge Capital
Inc.'s managing directors? (Note that they all resigned):
 Maria Lucrecia Martinez (President)
www.geoinvesting.com 19

20.  Marco Antonio Gomez (Treasurer)
These names are now quite familiar to us:
 Maria Lucrecia Martinez is President at Foresight Media Inc.
 Marco Antonio Gomez is President at Unlimited Trade Inc. , and RAYS’ largest shareholder
(the name there is longer: Marcos Antonio Gomez Sanchez)
To supplement the information we already have on Unlimited Trade Inc, Foresight Media Inc. (FM)
enters the mix within the P&D campaign…
The Stock Market Autority (SMA) disclaimer for RAYS states:
[...]Raystream, (RAYS), the company featured in this issue, appears as paid advertising, paid by
Unlimited Trade to provide public awareness for RAYS.[...]
[...]SMA and Foresight Media (FM) have used outside research and writers using public information to
create the advertisement coming from SMA about RAYS.[...]
[...]FM has received and managed a total production budget of $3,250,000[...]
…confirming that Unlimited Trade paid itself in a certain manner to promote RAYS.
A medieval Castle, the same young entrepreneur, four collapsed businesses (one of which looks to be a
U.S. pump and dump story), and conflicts of interest...an impressive record, making RAYS quite a good
candidate for an SEC investigation.
Michael Kang and Francis Villena
Together, these individuals were behind BRIDGE CAPITAL.
But who is Francis Villena, aka Francisco Abellan Villena, aka Francisco Abellan, aka Frank Abel?
He lives in Barcellona, inherited an important printing company from his father, but above all it's an “old
friend of the SEC’s”, which on August 15, 2008 froze his assets, accusing him having earned over $13
million in a Trans-Atlantic "Pump and Dump" Scheme related to shares of GHL Technologies, Inc
(Link 1 and Link 2)
Regarding Michael Kang, there was a Nevada corporation founded early this year called eLogic North
America FX. On its contact-page, eLogic GmbH makes reference to "eLogic North America", which
suggests that they’re the same company. The Nevada Corporation’s president is Michael Kang, making
him the fourth person in our crew of usual suspects to be tied to this company.
Roman Rumpf
Roman Rumpf was born on July 29, 1983 in Twistetal-Berndorf, a very small town in the German State
of Hesse and he is currently domiciled in Ringstrasse 13, Berndorf, Hessen, one of the addresses
registered for the raystream.com domain.
www.geoinvesting.com 20

21. He is Co-founder and CTO of Raystream Inc and he also had a key technical role in Safe-Com as stated in
his bio on Raystream's site.
The June 24, 2011 8K states:
"From June 2006 to February 2008 Mr. Rumpf was Project and Product Manager at Qnective
Inc. a private Social Networking company."
There are some discrepancies between this statement and other information available on the Qnective web
site and in the SEC filings.
As the company itself declares in its home page, Qnective was founded in 2007 (April 2, 2007 is the first
date where the company name appears – its former name was Sotech Inc.). It is quite odd that it appears
that Mr. Rumpf was Project and Product Manager at Qnective 10 months before the company was even
founded.
The second and most important discrepancy is that this time (“From June 2006 to February 2008”),
Qnective WASN'T private! Before going private in 2011, the company was listed on the OTC BB under
the symbol QNTV. On May 5, 2011 the price of the stock was $1.00. The last price before going private
on January 28, 2011 was $0.20. Tan Siekmann was a Beneficial Owner (10% or more) and the CTO of
Qnective Inc.
Let’s take a closer look at Raystrem GmbH, the German firm created on March 21, 2011, its first CEO
being Roman Rumpf (See Registrar for German Companies). Although the company was formed on
that day, it was only communicated to the German Company Register on May 2, 2011. The sole owner of
Raystream GmbH was the Panamanian Unlimited Trade Inc (Exhibit 5). Here is the timeline of events
leading up to the acquisition of Raystream GmbH by Raystream Inc.
August 16, 2011
Roman Rumpf resigned as CEO and Thomas Friedli (Frankenberg, 1977-05-12) came on board to
substitute him.
June 14, 2011
The same Roman Rumpf became the new CEO and only officer of Interdom Corp when Unlimited
Trade Inc bought it.
June 16, 2011
Unlimited Trade Inc (Exhibit 6) sold its shares in Raystrem GmbH to the German holding “TOM
Beteiligungsgesellschaft GmbH” (“TOM”). On June 24, 2011, Thomas Friedli took the place of Tan
Siekmann as the CEO of this holding is (Lichtenfels, 1966-10-29).
Until June 7, 2001 Tan Siekmann was the only owner of TOM before selling a part of his shares to
Thomas Friedli and Roman Rumpf (note that TOM had also a role in the Biodata saga).
www.geoinvesting.com 21

22. July 12, 2011
Roman Rumpf resigned as CEO and become CTO. Brian Petersen was appointed as the new CEO.
August 22, 2011
Interdom changed its name to Raystream Inc and did a 37:1 forward-split.
September 19, 2011
Raystream Inc. acquired 100% of Raystream GmbH.
The Panamanian Unlimited Trade Inc purchased the German Raystrem GmbH through the American
Raystream Inc. on September after having sold it in June of the same year. Unlimited Trade was
presented in front of the German Notary by Tan Siekmann (Exhibit 7). Here you will find more than one
clue of non -disclosed related party transactions.
The list of the Company Owners for Raystream GmbH and TOM Beteiligungsgesellschaft mbH is
presented in the Exhibit 5 and 6.
Thomas Friedli
Referenced above for having been part of certain share transaction, Thomas Friedli is known as the
manager of the German branch of RAYS.
He is also Founding Partner and Chief Operations Officer of eLogic GmbH. The CEO of eLogic (also
located in the Castle of Lichtenfels) is Tan Siekmann.
U.S.A. Leg
The American staff of RAYS is practically the same as those who work for Petersen-Hines LLC. When
Brian Petersen was appointed as CEO at RAYS, the same SEC filing covering this appointment stated that
he “has grown Petersen - Hines, LLC to a $35 million dollar company within six years”, even making it
debt free. Is it feasible that they can devote enough time and resources to this development-stage RAYS
venture? We are in the process of trying to determine if Petersen-Hines is aware of the past dealings of
those associated with RAYS.
Nadia Christian, Vice President of Marketing at RAYS
Ms. Christian should be the busiest person in the staff. Not only is she presumably working
simultaneously at Raystream Inc and Petersen-Hines LLC, but she runs also businesses of her own as a
Cognitive Fitness Therapist. See also, this link.
Dane Butzer, Business Development Manager
We only had to view the html code of Raystream’s site to find a special surprise, another key staff
member that was seemingly hidden from view:
www.geoinvesting.com 22

23. Mr. Butzer has worked in intellectual property law with such renowned firms as Fitzpatrick,
Cella, Harper & Scinto, and The Swernofsky Law Group. He also maintained a highly successful
solo practice. Mr. Butzer has witnessed many start-up ventures and ongoing businesses both fail
and succeed over the course of his career, resulting in a deep understanding of the fundamentals
of applying technology and business processes in the real world.
In performing a web search on his name, he seems to be a reputable U.S. patent application attorney.
It's our opinion that the heads of the RAYS operation are based in Germany, but they made sure to appoint
a recognizable U.S. management team to possibly give a façade of legitimacy to the company.
Clues of an Off-Shore Scam ("Regulation S”)
On April 30, 2011Interdom had 4,175,000 outstanding shares:
 3,500,000 owned by Igor Rumiantsev and purchased for $.0010/share on April 14, 2010.
 675,000 issued at $.03/share
On June 14, 2011, Igor Rumiantsev privately sold all his 3,500,000 shares to Panamanian Unlimited
Trade Inc for $200,000 ($.0571/share) making it the new major holder:
 3,500,000 owned by Unlimited Trade and purchased for $.0571/share
On August 22, 2011 Interdom changed its name to Raystream and did a 37:1 forward split. After the split
Raystream now had 154,475,000 outstanding shares:
 129,500,000 owned by Unlimited Trade and purchased for $.0015/share
 24,975,000 purchased by someone for $.0008/share
On September 19, 2011 three important events happened:
 Raystream Inc bought 100% of the German Firm Raystream GmbH for 20,000,000 shares
 Unlimited Trade converted its $2,000,000 financing into 5,000,000 common shares at $.40/share).
 Unlimited Trade cancelled 129,500,000 shares and now owns 5,000,000 shares
All the transactions occurred on September 19 pertain to off-shore entities (based in Germany and
Panama) therefore these shares were exempt from registration (Regulation S). That led to the following
situation:
 20,000,000 owned by Raystream GmbH (paid price unknown).
 5,000,000 owned by Unlimited Trade and paid $0.40/share
 24,975,000 owned by others and having an initial price of $0.0008/share
 for a total of 49,975,000 outstanding shares.
Considered that to qualify for a Regulation S exemption, the shares may not be sold back into the United
States for one year the effective count of shares available for free trading is currently only a little less than
one half (of course they do not risk to loss the control of the company).
www.geoinvesting.com 23

24. But... did Unlimited Trade really cancel those 129,500,000 shares? Nobody knows since they were not
registered with the SEC.
Now the risk is that they will resell “Reg. S” or claimed-to-be-canceled stock to U.S. investors, diluting
the float, pocketing high profits for themselves and causing the price to collapse.
Unlimited Trade already owned both Raystream Inc (USA) and Raystream GmbH (Germany), but all of
those transactions occurred between the same these related party entities. What exactly could be the
rationale behind these moves?
Dilution is a certainty
Let’s assume for one moment RAYS has a piece of legitimacy. Since Raystream is a development stage
company generating no revenues we need to assume that it will have to raise substantial capital to
implement its goals. RAYS agrees (from various filings):
 “The Company has incurred losses since inception resulting in an accumulated deficit of
$189,286 as of July 31, 2011 and further losses are anticipated in the development of its
business raising substantial doubt about the Company’s ability to continue as a going
concern. Although the Company obtained debt financing in July (See Note 4), the ability
to continue as a going concern is dependent upon the Company generating profitable
operations in the future and/or to obtain the necessary additional financing to meet its
obligations and repay its liabilities arising from normal business operations when they come
due.”
 “We expect we will require additional capital to meet our long term operating requirements.
We expect to raise additional capital through, among other things, the sale of equity or debt
securities.”
 “We expect that working capital requirements will continue to be funded through a
combination of our existing funds and further issuances of securities.”
 “Existing working capital, further advances and debt instruments, and anticipated cash flow
are expected to be adequate to fund our operations over the next six months. We have no
lines of credit or other bank financing arrangements. Generally, we have financed operations
to date through the proceeds of the private placement of equity and debt instruments. In
connection with our business plan, management anticipates additional increases in operating
expenses and capital expenditures relating to: (i) acquisition of inventory; (ii) developmental
expenses associated with a start-up business; and (iii) marketing expenses. We intend to
finance these expenses with further issuances of securities, and debt issuances. Thereafter, we
expect we will need to raise additional capital and generate revenues to meet long-term
operating requirements.”
www.geoinvesting.com 24

25.  “We will have to raise additional funds in the next twelve months in order to sustain and
expand our operations. We currently do not have a specific plan of how we will obtain such
funding; however, we anticipate that additional funding will be in the form of equity
financing from the sale of our common stock.”
What does all this mean? These comments imply that RAYS only has enough cash to sustain it operations
for the next 3 to 12 months, depending on which SEC filings are referenced, just to sustain
operations.
TICK TOCK
Well, this deadline is approaching fast and has likely accelerated now that it has a revolutionary,
unpatented product to market. This means that substantial dilution, an investor’s worst enemy, is around
corner and should continue well into the future. Investors who purchase RAYS shares now could be
blindsided with equity offerings and a sharp hit to the share price. Worst yet, if the company is unable to
raise capital the story could end badly in 3 months.
Valuation & Conclusion
Until RAYS clearly demonstrates that it can secure industry giants as customers or book meaningful
revenues we believe that RAYS is worth no more than what it would claim as a shell company or at
most about $0.004 to $0.01. ($200k to $500k divided by 50M outstanding shares). Even when applying
RAYS claimed shareholder equity (which virtually consists solely of goodwill) as shown its October
2011 10Q, a price target of just $0.19 can be derived.
Furthermore, even if RAYS has a semblance of legitimacy, dilution is a major risk further limiting EPS
performance. To put this into perspective, Divx raised a total of $146 million (pre IPO and IPO) to
develop their business. If RAYS needs to raise a similar amount of capital, shareholders will be slammed
with massive dilution. For a company with limited revenues, equity offerings will likely have to be
accomplished at a major discount to its current market price. Even in the unlikely case that RAYS had a
product that people could sink their teeth into (in other words an honest company with a promising
product), you would still only end up with a company with a horrible equity market presence, not only
due to the manner in which it went public, but also by having gone public prematurely.
Although the company talks a big talk, Raystream cannot boast solid customers to initiate to a meaningful
revenue stream. In fact, we were unable to get much out a former customer of Raystream, who
consequently terminated its need for whatever technology the company offered, effectively reducing the
number of paying customers RAYS has to just one, to the best of our knowledge and until proven
otherwise. The mention of large industry players such as YouTube and Google is a tactic promoters are
using to draw investors into a web of deception. Would respected companies like these seriously want to
deal with executives whose pasts are as shady as Raystream’s story?
Raystream is hardly letting the product speak for itself. The company instead chooses to promote the
stock through hype and related party funds and what amounts to a weak attempt to demonstrate how
www.geoinvesting.com 25

26. much more superior their so called “proprietary” product is when compared to others. If Raystream was a
respectable company, it wouldn’t use pump outfits and stock promoters to throw industry buzz words
around and spread innuendo of an eventual acquisition by an industry giant. The company would instead
go much further into actually proving the product.
One of the most compelling facets of the RAYS story that has convinced us that there is no way to trust
anything that comes out of the company’s camp is the cast of characters involved, a crew that can be
referred to as the Usual Suspects due to their involvement with other failed ventures/promotions. If your
head was not spinning by the time you finished reading about the business relationships of RAYS
personnel, then you need to read it again. Let it sink in, and then decide if this is a genuinely honest
business venture hell bent on over-achieving in a market that already appears saturated with the same
technology RAYS claims to have developed.
A Note to Caution
If you are trying to short RAYS, you should be aware that it is still being pumped hard by many
newsletters. It is a stock with a small float and a high risk of POSSIBLE BUY-INS. That means your
broker could be forced to liquidate your positions if he cannot find shares to borrow, and that could
happen before the company price collapses.
Disclosure: Short RAYS
www.geoinvesting.com 26

27. EXHIBITS
www.geoinvesting.com 27

28. Exhibit 1 – A Review of how RAYS exhibits characteristics of a Pump and Dump Scam
Qualifies? Characteristic Comments
YES Recently completed RTOs On June 14, 2011, Unlimited Trade Inc.
acquired 83.8% of the Reno, Nev.-based
shell company Interdom Corp.
YES Company name, symbol or core business change On August 22, 2011, Interdom Corp.
changed its name to Raystream Inc.
Interdom was a Real Estate company.
Raystream declares to be an IT
company.
YES Stock Promoting (Emails, Newsletters, Yahoo MB, Since October 12 promoted by 19 paid
IHUB) newsletter. In the first week of
November was among “The Most
Promoted Penny Stocks This Week”
according to http://stockpromoters.com.
Marketing campaigns orchestrated by
companies like The Stock Market
Authority (smauthority.com). Their
Disclaimer stated that they have
indirectly “received and managed a
total production budget of $3,250,000”
to providing public awareness for
(RAYS). According the disclaimer,
the campaign was financed by RAYS
largest shareholder, Unlimited Trade,
(on an unrelated note Go Daddy
suspended the domain
Smauthority.com for SPAM-AND-
ABUSE).
Massive bull comments on iHUB.
YES Recent 52-week High (generally within 3 months) $2.50 on Nov. 2nd and Nov. 7th
respectively a week and a trading day
before the first big dump.
YES Flat charts that just broke out During October the volume was low and
the price almost constant. During the
subsequent price increase the volume
advanced also smoothly
YES Volume Spike After trading a combined volume of 5
thousand shares in recent trading
sessions prior to this release, volume
exploded to 5.2 million on October 10,
2011 and never looked back.
NO Over 50 million (preferably over 100 million) shares Shares Outstanding: 49.97M,
outstanding. Float:46.47M; . (but will need to raise
www.geoinvesting.com 28

29. capital).
YES Increased press release flow 6 press releases in October; 4 in the first
half of November.
YES Public announcement that they have just embarked on an On October 6, 2011 they "announced it
IR campaign has retained Halliburton Investor
Relations (“HIR”), a Dallas-based, full-
service investor relations firm, to assist
the Company with its investor relations
(“IR”) program."
NO Unimpressive websites or ones that say coming soon Mainly promotional content but it looks
professionally done. Experienced bug
when attempting to trial their product.
YES Stocks with "sexy" stories or names. From the company's profile: “Raystream
Inc. brings its proprietary video
compression technology to businesses
and consumers worldwide. This
technology drastically decreases
bandwidth costs by reducing the file size
of HD videos up to 90 percent.”
YES No revenues—Development stage companies. Also Interdom Corp never had revenues.
YES Exaggerations of relationships and too good to be true They announced contracts but do
revenue and contract announcements. provide any financial information, nor
are these relationships with industry
giants such as Google and Netflix
YES The usual suspects of individuals/management teams Castle of Lichtenfels (Tan Siekmann),
known for being part of past pump and dumps. Biodata AG, Demuth & Dietl, Safe-Com
GmbH & Co. KG, Roman Rumpf ,
BodyTel Scientific Inc. (BDYT),
Qnective (QNTV)
www.geoinvesting.com 29

30. Exhibit 2: All Video players show that the Raystream video used the common H264
codec.
www.geoinvesting.com 30

31. Exhibit 3: Deceptive modification of sections of website.
A few days after the test published on github.com, RAYS modified the see-yourself-page
removing the sections on the two sides that we tried to reconstruct in the picture above. The
original code (of course commented) is still present on the web page (see next exhibit).
www.geoinvesting.com 31

32. Exhibit 4: The original code (of course commented) is still present on the web page.
www.geoinvesting.com 32

33. Exhibit 5: Raystream GmbH Company Owners (Handelsregister)
www.geoinvesting.com 33

34. Exhibit 6: TOM BGmbH Company Owners (Handelsregister)
www.geoinvesting.com 34

35. Exhibit 7: Unlimited Trade Delegate Tan Siekman to represent the company with the
German Notary.
www.geoinvesting.com 35

36. Exhibit 8 – Codecs List, License Status (Source: Wikipedia)
Codec Creator/Maintainer First public Latest stable License Patented
release date version compression
formats
libtheora Xiph.org 9/25/2002 1.1.1 (2009) BSD-style[4] Patented, but
(Theora) freely
licensed[*]
dirac- BBC Research 9/17/2008 1.0.2 (2009) MPL 1.1, GNU none
research Department GPL 2, GNU
(Dirac) LGPL 2.1
Schrödinger David Schleef 2/22/2008 1.0.9 (2010) MPL 1.1, GNU none
(Dirac) GPL 2, GNU
LGPL 2, MIT
License
x264 x264 team 2003 r2019 (2011) GNU GPL MPEG-4
AVC/H.264
Xvid Xvid team 2001 1.3.2 (2011) GNU GPL MPEG-4 ASP
FFmpeg FFmpeg team 2000 0.8.5 (2011) GNU LGPL MPEG-1,
(libavcodec) MPEG-2,
MPEG-4 ASP,
H.261, H.263,
VC-3, WMV7,
WMV8,
MJPEG,
MPEG-4v3,
DV etc.
FFavs FFavs team 2009 0.0.3[ GNU LGPL MPEG-1,
(libavcodec) MPEG-2,
MPEG-4 ASP
etc.
Blackbird Forbidden 2006-01 2 Proprietary Blackbird
Technologies plc
DivX DivX, Inc. 2001 DivX Plus Proprietary MPEG-4 ASP,
(2010) H.264
DivX a hack of 1998 3.20 Proprietary Microsoft's
Microsoft's MPEG- alpha(2000) MPEG-4v3
4v3 codec (not MPEG-4
compliant)
www.geoinvesting.com 36

37. 3ivx 3ivx Technologies 2001 5.0.2 (2007) Proprietary MPEG-4 ASP
Pty. Ltd.
Nero Digital Nero AG 2003 Unknown Proprietary MPEG-4 ASP,
H.264
ProRes 422 / Apple Inc. 2007 Proprietary Unknown
ProRes 4444
Sorenson Sorenson Media 1998 Proprietary Sorenson
Video Video
Sorenson Sorenson Media 2002 Proprietary Sorenson
Spark Spark
VP3 On2 Technologies 2000 BSD-style[4] Patented, but
freely
licensed[*]
VP4 On2 Technologies 2001 Proprietary VP4
VP5 On2 Technologies 2002 Proprietary VP5
VP6 On2 Technologies 2003 Proprietary VP6
VP7 On2 Technologies 2005 Proprietary VP7
VP8 On2 Technologies 2008 BSD-style Patented, but
(now owned by freely
Google) licensed
DNxHD Avid Technology 2008 Proprietary VC-3
Cinema Craft Custom Technology 2000 1.00.01.09 Proprietary MPEG-1,
Encoder SP2 Corporation (2009) MPEG-2
TMPGEnc Pegasys Inc. 2001 2.525.64.184 Proprietary MPEG-1,
Free Version (2008) MPEG-2
Windows Microsoft 1999 9 (2003) Proprietary WMV, VC-1,
Media (WMV3 in (in early
Encoder FourCC) versions
MPEG-4 Part
2 and not
MPEG-4
compliant
MPEG-4v3,
MPEG-4v2)
Cinepak Created by 1991 1.10.0.26 Proprietary Unknown
SuperMac, Inc., (1999)
Currently
maintained by
Compression
Technologies, Inc.
www.geoinvesting.com 37

38. Indeo Video Intel Corporation, 1992 5.2 Proprietary Indeo Video
currently offered by
Ligos Corporation
TrueMotion S The Duck 1995 Proprietary TrueMotion S
Corporation
RealVideo RealNetworks 1997 RealVideo Proprietary H.263,
10[20] RealVideo
ACT-L3 Streambox 2/21/2003 3.4 (2009) Proprietary Unknown
Huffyuv Ben Rudiak-Gould 2000 2.1.1 (2003) GNU GPL 2 none
Lagarith Ben Greenwood 10/4/2004 1.3.26 (2011- GNU GPL 2 none
09-25)
MainConcept MainConcept 1993 8.8.0 (2011) Proprietary MPEG-1,
GmbH MPEG-2,
H.264/AVC,
H.263, VC-3,
MPEG-4 Part
2, DV, MJPEG
etc.
Elecard Elecard 2008 G4 (2010) Proprietary MPEG-1,
MPEG-2,
MPEG-4, AVC
www.geoinvesting.com 38

39. Exhibit 9 – GeoInvesting’s Notable Track Record
Co. What we found at time Report Date Price at Current Price What happened
of investigation time of after report
report publication?
PUDA  It appeared that U.S. Apr 8, 2011 $8.78 $0.25  Sharp decline in
shareholders only had stock price
45.9% of Shanxi Coal  Company
cash flows; a far cry quickly admitted
from the 90% interest wrong doing
in PUDA’s mining  Stock was halted
operations as on April 11,
portrayed in the 2011 at a price
company’s filings. of $6.00
 Strikingly complex
ownership interest
transaction histories
w/r/t Shanxi Coal and
Shanxi Puda Mining.
YUII  YUII never acquired Jun 3, 2011 $5.05 $0.79  Sharp decline in
13 farms from stock price
Dajiang Enterprise  Company
Group Co., Ltd. quickly admitted
 The company may wrong doing
have misappropriated  Stock was halted
$12.1 million, on June 17,
misleading investors 2011 at a price
about the use of this of $1.21
money for the  Delisted
Dajiang farms  Resumption of
acquisition. trading occurred
on July 18,
2011 below halt
price.
CGPI  The Cemetery Mar 3, 2011 $3.00 $0.17  Sharp decline in
Business Service stock price.
License of Guiyaun  Weak attempts
Cemetery had been by company to
revoked/suspended. rebut allegations
 Guiyaun Cemetery  Company
Company was not eventually
permitted to continue conceded to the
www.geoinvesting.com 39

40. its cemetery business. facts presented
by GeoInvesting
 CFO Resigned
on April 22,
2011
SBAY  Evidence supporting Mar 24, 2011 $3.62 $0.03  Sharp decline in
our view that stock price
shareholder had no  Stock was halted
claim to SBAY’s on April 7, 2011
potential revenue. at a price of
 We could not locate $2.15
the more than 1500  Auditor
employees SBAY Resigned
claimed to have.  Resumption of
trading occurred
on June 24,
2011 below halt
price.
 Delisted
Warning and disclaimer:
By accessing and using the GeoInvesting website, you agree to be bound by the following Terms of
Service:
GeoInvesting is a publisher. Nothing published by GeoInvesting on the website shall be deemed to be a
recommendation as to the advisability on inadvisability of any particular transaction in securities. You
shall not republish or redistribute in any medium any information either made available on or through the
GeoInvesting website without our express written authorization. You acknowledge that GeoInvesting is
not registered as an exchange, broker-dealer or investment advisor under any federal or state securities
laws, and that GeoInvesting has not provided you with any investment advice or personalized
information. Any information on the website relating to securities has been provided for information
purposes only and is not to be treated as investment advice. Any information on the website relating to
securities is impersonal, and as such, is not tailored or directed to you or any other individual. In no event
shall GeoInvesting be responsible or liable for the accuracy or suitability of any information transmitted
or made available on its website, and shall not be liable for any investment decisions or trading activity by
you arising from such information. Nothing in the website should be construed to be an offer or sale of
any security.
You should consult your financial advisor before making any investment decision or engaging in any
securities transaction because investing in any securities mentioned in the website may or may not be
suitable to you or for your particular circumstances. You acknowledge that you are aware that investing in
www.geoinvesting.com 40

41. securities is an inherently risky and speculative practice. Trading in securities can result in immediate and
substantial losses of invested capital.
GeoInvesting, its affiliates, employees, and the third party information providers providing content to the
website may, and in many instances do, hold positions in securities mentioned in the website. Moreover,
GeoInvesting, its affiliates, officers, employees, and the third party information providers may, and in
many instances do, otherwise effect purchase or sale transactions in securities, including those mentioned
in the website. These facts should be taken into consideration by you in connection with your decision to
invest in securities.
GeoInvesting, its affiliates, officers, employees and third party information providers make no warranties,
express or implied, as to the accuracy, adequacy or completeness of any of the information contained in
the website. All such materials are provided to you on an "as is" basis, without any warranties as to the
accuracy thereof or fitness for a particular purpose or use nor with respect to the results which may be
obtained from the use of such materials. GeoInvesting, its affiliates, officers, employees and third party
information providers shall have no responsibility or liability for any errors or omissions contained in the
information made available on the website nor shall they be liable for any damages, whether direct or
indirect, special or consequential even if they have been advised of the possibility of such damages. In no
event shall the liability of GeoInvesting, any of its affiliates, officers, employees or third party
information providers pursuant to any cause of action, whether in contract, tort, or otherwise exceed the
fee, if any, paid by you for access to such materials in the month in which such cause of action is alleged
to have arisen. In no event shall GeoInvesting, any of its affiliates, officers, employees or third party
information providers be liable or in any way responsible for information or opinions posted in the
message board portion of the website by individuals who are not affiliated with GeoInvesting.
Furthermore, GeoInvesting shall have no responsibility or liability for delays or failures due to
circumstances beyond its control.
NOT FOR REDISTRIBUTION
www.geoinvesting.com 41