Replies to post #4371 on Fortran Corp. (FRTN)

[samplescave]

NOTE THE DATE! IT’S FRESHER THAN ANY OTHER DOCUMENTS HERE.

Does THIS look like a Company that sold off all the “GOODS” and ran???

Fortran Corporation Shareholder Update

3/5/20, 1:42 PM
Conover, NC, March 05, 2020 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Fortran Corporation (OTC: FRTN) is pleased to announce that we have completed the sale of our 80% interest in Tower Performance, Inc., Tower Performance Texas, and Tower Performance Construction, Inc. held through one of our subsidiaries, New TPI, LLC.

We expect that this will remove $1.1 million dollars of debt from our balance sheet and generate additional working capital, which we believe will enable us to focus on our core business.

We are also pleased to announce our latest agreement with Nippon Electric Company ("NEC") to offer NEC’s new and original biometric authentication technologies in six areas—face recognition, iris recognition, fingerprint/palmprint recognition, voice recognition and ear acoustic authentication—which we believe are among the best of their class in the world. We believe NEC provides the most suitable solutions to customers’ needs with its biometric authentication technologies, and, by combining multiple biometric authentication systems, will result in more robust security.

We plan to aggressively move forward with building shareholder value through acquisitions and organic growth. We are currently in discussions with several large profitable companies as potential acquisitions candidates, and will provide updates as we progress.

We are excited about our future and look forward to providing you with regular progress updates.

About Fortran Corporation:
Fortran Corporation is a telecommunications system integrator dedicated to designing, implementing and maintaining complex communications solutions. Fortran is comprised of engineering and design, network service, sales, remote monitoring, and on-site services. For more information contact us at: [e-mail].

Visit us at www.fortrancorp.com.

[shareslanger]

100% CORRECT.... Yikes.... Looks Like FRAUD. So many have been screwed here....

Wonder if the management has investigated the recent wash sale FRAUD that’s been doing on....

Ouch...

[MaddAussi]

That was financing I arranged. TCA was doing so many rock is loans at the time but they offered us money we could use to acquire a company we wanted to buy. My attorney Jared Faberillo assisted me with the that loan in that there was no “equity conversion” in the loans documents. That’s normally how they would kill a company just keep converting common and selling and selling until nothin was left. They were in such a hurry on mine they failed to notice we crossed that part out and initialed it. When they tried to get me to issue stock - I simply pointed to the agreement and asked what their payoff was. One of the main reasons for the lawsuit was they wouldn’t tell us what the payoff was so they tried to bankrupt us and short our stock. I left shortly after but the lawsuit was eventually settled and TCA imploded and some got charged by the SEC. Not a good company and thank goodness some of the employees whistle blowed the crooked managers