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Zapata Industries SAS is a fresh shell created for you all in 2016 along with the super duper website. In 2009 nothing existed. Typing error has you excited.
They don't owe anything because it was an inside job. If they (ZI-FZ-SG) claim they are owed the breakup fee, then the evidence will be presented.
Seth Gerszberg and Franky Zapata were looking to get 35 million, 15 + 20 working capital and personal employment contracts, guessing 1M+ annual along with one of the IMSC managers. According to the LOI.
Why does IMSC feel it does not owe the 350K breakup fee? It knows the inside deal details won't come to light. Seth's personal lawyer Donnenfeld is an associate of PP.
The website was window dressing for y'all. Attribute the outdated info to the overall atrophy of this investor flying pony show.
Or send an email and see what response you get.
Sandy Hook was real. The US landed on the moon. 911 was not an inside job. The Flyboard Air is a super noisy dangerous contraption, and it is real.
Read the posts and you will see the source of the information. And it will still not convince you that this is not a vast conspiracy to fake a flying Frenchman.
Bored.
GIGO
Garbage in, garbage out (GIGO) in the field of computer science or information and communications technology refers to the fact that computers, since they operate by logical processes, will unquestioningly process unintended, even nonsensical, input data ("garbage in") and produce undesired, often nonsensical, output ("garbage out"). The principle applies to other fields as well.
int10a wrote:
complex computer management system of propulsion compensates
This article is from before the flights of the Flyboard Air were banned, but holds some good information for those interested.
From this source:
http://www.laprovence.com/article/edition-marseille/4190652/icare-fait-rever-lamerique.html
"thing that generates nuisances"
An update from Franky Zapata on his Facebook page. His French city has banned any further flights of his Flyboard Air with the threat of confiscation if he flies it again. The howling din generated by the device is the issue.
bud, your "this is fake" is boring beyond belief. Open your eyes. Then realize that strapping a backpack full of kerosene and flying around standing on 6 130,000 RPM, 122 decibel model airplane engines as a business model is the flaw you should be looking at.
Yves Rossy
Bingo. Who is the expert in bankruptcy in this new gang?
Zapata financials, nothing known, all hype.
Hype is what drives stock price, so everything should be okay.
Zapata and Gerszberg on the better deal lookout. After the airboard success on Facebook and the recent Monaco Boat Show sales of four units at $270,000 each for the RC turbine powered FB Air, they are full of themselves and think they can get a better deal. Seth just has to weigh his agreement with Frankie and the other deal with his partners at PP. He convinced Frankie to think bigger, they are united in shared motivation to get the absolute most for themselves of out of this exposure.
They are balancing the fact that the Fkyboard Air got 44 millions views and the World Cup got 1200 views in the same channel, (twelve hundred. mostly views by the participants themselves) they know that the water board market is in the tank world-wide and that there is no crossover or halo effect of the flying footstool.
The United States has been Zapata Racing's biggest market world-wide for the past four seasons, their distribution network has been the best in its class, yet has seen its numbers fall for the past two seasons. Total number (all seasons combined) of all products produced (not sold) combined just barely reached the 10,000 number and the prospects for increased sales look dim, even with the planned dramatic lowering of the price for 2017 and going direct by eliminating the dealer network.
Every previous Seth Gerszberg bankruptcy post got acidwashed.
(btw, a very expensive process.)
Planned no doubt.
161 million views, 3M shares
https://www.facebook.com/candaceSpayne/videos/10209653193067040/
Chewbacca mask at target 26.99
http://www.target.com/p/star-wars-the-force-awakens-chewbacca-electronic-mask/-/A-16879691
Things that have happened since the LOL deal was announced.
Franky is full of hisself juice now with his tens of millions of Facebook views, intoxicating stuff. His asspirations are now faa bigger than IMSC and the shareholders lack of true appreciation for his genius (with the exception of primethepump!).
Sethy realizes he can cut a waaaaay better deal with his friends at PP since they are in such deep poo-poo.
Franky and Sethy are doing their awkward Mulligan dance to the tune of Money, that's what I want, Sethy is trying to talk Franky into staying, Franky is trying to get away and do this genius work on his own, but knows he has been locked in by Sethy. Franky is calling his lawyers to see what he can do. There is internal friction.
Still, the as the conference call says: "It’s incumbent upon us to look at those things, and just as we look at technologies, we look at platforms for these technologies to deliver them. So mounting an H150 or B220 on a hover-board drone would not be practical. I'm not here suggesting that anybody on this team or anybody on this board even imagines that's true, and in fact, I could tell you why it's a dumb idea."
Drug sniffing "hoverboard drones", dumb idea?? Who does not like the sound of this? Stop 'n frisk, meets, fly 'n sniffs. Everyone is a winner.
What does Prox Dynamics...
The difference is, Prox Dynamics micro drone is a good idea. Small nimble, stealth, low cost, does not risk a soldier, cost is negligible, expendable, fault tolerant, good return for investors.
Want to deliver small ordinances simultaneously from eight different directions at a target? Try the next size up drone, a real defense player is no doubt already making that also. War machinery is not for dilettants to play at. Nice Z jet bike video though. ScFr, Nice work on the bad guy faces, do two of them have a thin wire cable?
Note the quote in the middle of the article below "after years of frustration". And it was 1989, drone stone age.
https://www.theguardian.com/science/2000/sep/14/technology2
Sale of the ETD asset for magic beans. This seems the sum of the deal.
Not an expert on this ETD business. The structure of this whole deal looking like an internal sale of the valuable main asset, the ETD tech and IP to get it out from under the debt. A tech with a clear and present future. Converting that real asset into a flying distant promise for the future, the magic beans. With the hope that it will grow into a giant beanstalk and carry the original investors up to the clouds and the waiting golden goose. "build solutions to excite the marketplace" as the main guy said in a recent conference call.
Creating the world's loudest flying infantry soldier platforms, and building this all on the dubious skill base of a French high school dropout with comic book hero Ironman and Green Goblin fantasys and his paper jockey "friends" from NYC.
In a fifteen year post 911 world where electronics, drones, remote operators, machine guidance are redefining everything, especially the face of war. This is a backwards comic book vision.
The original premise was nonsensical "we are selling our explosives business to buy a hoverboard company". The blatant distraction here is evident.
Jack was a fictional character, Franky is 38% real. ETD tech is here and now, IMHO, you all would be gullible to let it go for this fairy tale.
Exactly.
SG sued Zapata's Flyboard's USA distributor in 2012 for infringing his Jetlev jetpack patents. He same time courted Franky to try to turn the manufacturing around for his failing Jetlev jetpack business in exchange for dropping the suit etc. That deal went wrongways. After that SG's Jetlev business completely failed leaving a wake of unpaid customer. SG has kept chasing after Franky since 2013. Whatever SG's obvious links to PP are, his past and current relation to Franky Zapata and to flyboarding in general is that of useful tools to do his business game.
Another good question to ask is "when was Zapata Industries SAS incorporated?" It is only a few months old.
Each of Zapata Racings product launches for the water Flyboard also missed their peak seasons starting in 2012. Chronically behind by months in production.
The corporation *Zapata Industries" was formed by Seth specifically, and recently for this deal. Everything is window dressing.
Nice technical breakdown of the flyboard air. Everyone knew that 1000 HP was an exaggeration, ( as are all numbers that come from Footstool Peter Pan ) Turbine engines are rated in thrust not horsepower.
Each Jet Cat P400 is rated at 88 pounds of maximum thrust, there are four, so lifting a 120 pound rider up in the air has room for acceleration and a possible emergency letdown in case of a single flameout. Those little side fans always bothered as too tiny appearing more Green Goblin cosmetic, but as something to counter the gyro turbine rotation make perfect sense. To pretend that they are forward thrusters for high levels of exaggerated speed, classic Pan.
Perhaps you see in Franky a younger prime, the Franky does not share the limelight. 100% Franky, 100% of the blaze of glory. Franky is a born test pilot, test pilots don't do well with passengers.
Jet driven footstool. Boom! ptp, you nailed it! Is the CEO of a company that is his own test dummy the spanker that you are looking for to turn your stock shares around? Footstool Peter Pan?
Jet Cat Turbines P400R's
Build for model airplanes. You can see the purple color housings in the photos.
DJI Innovations assembly line worker, Shenzen forgets more in a day than Franky Zapata will ever know about electric motor drones.
There is no "getting into the drone business" with the "seat of the pants" engineering abilities of Franky Zapata. Look at his track record, the real one, not the myth he tells.
The title of this story: "Flying distraction circus act by accomplished performers, Voila!"
Franky Zapata proudly dropped out of high school, as he tells the story of the road to his success. His desk clean, no computer to seen. iPhone handles everythink he needs.
157 CM tall man standing on screaming turbine fans, flying with a big black helmet and a backpack full of kerosene.
Exciting times ahead!
primethepump, love your posts!