Replies to post #11596 on Fonon Corp. (fka FNON)

[hukoyo]

SO WHY ARE THEY NOT PAYING THE FARMER !!

THEY HAVE LIED AND CHEATED EVERYONE



WHY DID THEY NOT COMPLY WITH THE EIA REGULATIONS

BECAUSE THEY ARE BROKE AND HOPING TO RAISE MONEY OF STEALING FROM INVESTORS BY POSTING ALL THIS BS !!

[pitboss22]

"They are not broke and have plenty of money..."

NO!!!! NOTHING could be further from the truth!

According to the company itself, they only had $14k in Cash and almost $2 MILLION in Current Liabilities and commitments, including almost A QUARTER OF A MILLION in an unpaid OVERDRAFT!!!!

MBMI is INSOLVENT!!!! If ANY of their MANY creditors demands payment (sooner or later they will), they will be FORCED into bankruptcy.

The parent company, RRHI, can't help them as they are in WORSE shape financially and teetering on the very edge. If RRHI goes, it will take MBMI with it as its MBMI stock is its only fungible asset.

As for investors supporting the company, here is the REALITY of that.....



I M ROTFLMAO!!!!