Fansfrenzy Corporation (FFZY)

[EHRjunkie]

At a christmas party I talked to friends from Montreal who follow some of the people involved here. They're laughing at what happens: Giuseppe Gentile acquired the company (then called HE-5 Resources Corp/HRRN) in 2011. He tried to build a real company in software (Triple Crown), media (Archeos Entertainment) and the filmbusiness (XII Tribes Entertainment), but failed in every way. Enter Gary P. Molinaro in 2014 who wants to take a sports social media (Fansfrenzy/ The Clubs Choice/TCCH) venture public. And by the way, TCCH had failed to make it before as a public company under CEO Bernie Nicholls when they bought an empty shell called Millenia Hope with a listing at OTC.

It seems Molinaro succeeded where all CEO's before him failed: Gentile gave up his majority share (56%) in HRRN for a (now) 7.6% share in FFZY. And that's intriguing if you know that Gentile financed all losses that were made in 2011-2014 and the "notes payable to shareholder" had risen to $650,000 in fiscal 2014. So the question is: did Gary Molinaro redeem that 650M to Gentile, or does Gentile still have a financial claim. If he does he's screwed. If Gary paid Giuseppe than Gary now has "notes payable" of $1,176,849 (08/31/2018) and he's screwed big time.

Anyway, we're screwed and Gary (and probably Giuseppe) as well. And to think that Gary is at the helm as CEO since the second quarter of 2014! His only achievement in those 4 years: $300,000 in losses.