Replies to post #7537 on Fonon Corp. (fka FNON)

[pitboss22]

This company has a long history of FLIM-FLAMMERY and LIES to investors.

The Derbyshire quarry is nothing more than a MONEY LOSING MUD PIT, flooded most of the time. It LOST almost $1.5 million in 2012 and LOST almost $3 million in 2013.

That was with experienced quarry people running the show. Alf has NO experience running this kind of operation so what are the odds of him doing any better?

To help better understand this it must be pointed out that Derbyshire Quarry posted an Operating LOSS of ($1,430,566) for the year 2012 and an Operating LOSS of ($2,778,115) for the year 2013!

Note that the company touted a 32% YoY Revenue increase WITHOUT mentioning the corresponding 94% YoY INCREASE in NET LOSS from Operations! { 8^D

It is a MONEY LOSING MUD PIT that is flooded much of the time.

The company has a history of purchasing worthless assets like this from insiders and then having to write them off. They even had to write off as worthless, their entire investment in Kinsey.

This company is currently insolvent and by a WIDE margin. Giving stock to paid promoter scum like Jon D'Avanzo is certainly NOT going to get them out of the hole they've dug for themselves.


I M ROTFLMAO!!!!