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Friday, November 26, 2021 9:09:17 AM
Grifters gonna grift.
The latest from Frankie on FB:
Uh-huh. She intentionally ignored about three years of notices from the SEC before the stock was delisted. The statements from the SEC in the delisting paperwork said there were no responses ever from Cyclone. And it wasn't a case that Cyclone couldn't afford the stamp - they could have used email.
Frankie Fruge, whose official Cyclone bio as President says she is a former auditor at Ernst & Ernst, was unable to put together a balance sheet and P/L statement each quarter for a company with no revenue? Not likely.
Fruge and Schoell were done swindling shareholders so they intentionally let the stock be delisted so their remaining thousands of victims would be completely wiped out.
They didn't need money to file those legally-required quarterly and annual reports. Those are all filed electronically. Not even postage cost was required.
"Products in production". Yeah, right. They still haven't publicly demonstrated one of their "engines" powering anything. Not Frankie's expensive custom speedboat pulling away from a dock under its own power, or even a go-kart moving one person in a parking lot. The expensive race car they had custom built that was going to break all those land speed records back in 2012 still hasn't moved one inch under the power of a Cyclone engine.
Yet the same old lie they've been telling since 2004 - products will soon be in production. Just give them some more money. Yep, remember the "family of market-ready products" they claimed to have since at least 2007, and the $25-30 million in investors' cash they've burned through (plus the $30-35 million in derivative losses also suffered by investors). 15 years later and not only no "market-ready" products any closer to being marketed, but no explanation whatsoever of why not nor of where all that cash disappeared to.
The latest from Frankie on FB:
Uh-huh. She intentionally ignored about three years of notices from the SEC before the stock was delisted. The statements from the SEC in the delisting paperwork said there were no responses ever from Cyclone. And it wasn't a case that Cyclone couldn't afford the stamp - they could have used email.
Frankie Fruge, whose official Cyclone bio as President says she is a former auditor at Ernst & Ernst, was unable to put together a balance sheet and P/L statement each quarter for a company with no revenue? Not likely.
Fruge and Schoell were done swindling shareholders so they intentionally let the stock be delisted so their remaining thousands of victims would be completely wiped out.
They didn't need money to file those legally-required quarterly and annual reports. Those are all filed electronically. Not even postage cost was required.
"Products in production". Yeah, right. They still haven't publicly demonstrated one of their "engines" powering anything. Not Frankie's expensive custom speedboat pulling away from a dock under its own power, or even a go-kart moving one person in a parking lot. The expensive race car they had custom built that was going to break all those land speed records back in 2012 still hasn't moved one inch under the power of a Cyclone engine.
Yet the same old lie they've been telling since 2004 - products will soon be in production. Just give them some more money. Yep, remember the "family of market-ready products" they claimed to have since at least 2007, and the $25-30 million in investors' cash they've burned through (plus the $30-35 million in derivative losses also suffered by investors). 15 years later and not only no "market-ready" products any closer to being marketed, but no explanation whatsoever of why not nor of where all that cash disappeared to.
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