This is a truthful story about Frank Pringle and his many unsuccessful companies from Hawk Hogan:
A long time ago, before Frank Pringle learned how to swindle a static shell company into something else and take it public again, he started a company called PringCo, a company that provided a solution containing alum that you apply to your body and then wrap it with plastic stretchwrap to lose inches. The FDA shut it down when they discovered it was a lie and that it did not work as stated on the label. Frank escaped, with the money, leaving private investors holding the bag.
He learned how to go public though several unsuccessful ventures. Then started a longer term venture called Creative Recycling Technologies, Inc. From that many other companies within the same venture, Frank changed names, to and from constantly, that dealt in a failed glass recycling business that Frank eventually walked away from unsuccessfully leaving investors holding the bag, but successfully with money to start his next venture.
Then Frank formed an idea of a water ballast filler system that he attempted to sell to several packaging machinery companies that was not useful because of industry changes (base cup elimination) but he try it anyway knowing the system became obsolete.
Frank started and promoted several failed microwave technology companies that he kept changing the names to (CRC, Mobilestream, Global Resource, etc) to screw over investors both foreign (UK, a lot of them, and locally throughout the USA. Frank walked out, bailed and left several CEO's holding onto the technology and bag that was a known failure to anybody who became in-the-know.
There are many companies and many Frank Pringle forgot about but are still listed on the Internet but he is too computer illiterate to realize it stays there forever. Way too many to list here but NOT ONE (0) that's ever been a success and like this new company LIBE (with an old product) a continuing scam and it is/was doomed to fail leaving investors, again, holding the bag.
