Well, whaddya know? The quarterly report is going to be late. Again.
No doubt when it does come out the numbers will be unaudited.
I don't know who's more incompetent, Harry Schoell, the CTO who can't make a working steam engine, or Frankie Fruge, the President and former Ernst&Ernst auditor who can't cut and paste a 10Q within two months of the quarter's end. With the help of a CFO and two business consultants.
And the 10Q will be accompanied by a letter to shareholders stating how Frankie's great business model is coming to fruition with all their worldwide distributors and how engine production is expected to start in six months.
The little material fact that they can't make an engine run for 10 hours will not be mentioned, of course.
