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Re: bobbyknobb post# 26242

Tuesday, 03/21/2017 12:53:38 PM

Tuesday, March 21, 2017 12:53:38 PM

Post# of 28181
Bobby, you caught something we've all missed so far. The boat market had been going crazy with all the free money up to 2008. Schoell Marine would have been doing well.

After 2008 one of the biggest businesses going was boat repossession. Business at Schoell Marine would have dried right up. When boats are are selling for pennies on the dollar, who would pay Harry to fix their old boat? Who would commission a new boat from him?

That's probably why all the photos up until a few years ago showed a big boat under construction in the shop. The owner didn't have money to finish it.

But fortunately for Schoell Marine, Cyclone shareholders were able to rent the whole building and pay premium rates for all the workers. Many millions went into General and Administrative that could only have gone ended up in the pockets of Schoell Marine.

The boat market meltdown in 2008 is likely the point where Cyclone went from being a sincere but ignorant and incompetent inventor to being a stock market fraud.

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