Replies to post #501 on China Dasheng Biotech (CDBT)

[Frayed Knot]

Thanks so much for the background. It seems that 2022 has been the year of Cycclone Engine.

You have given me an excellent start on my research. Thank you.

[Frayed Knot]

So, Finally started searching around this morning. I ran a search on Nugent and Cycclone

What I just found doesn't look good, it was from 2014.

https://www.smh.com.au/national/conman-micheal-nugent-bankrupted-for-second-time-20140412-36jz3.html

Here is part of the article:

A former diesel fitter turned conman who was prosecuted for spruiking a fake magnetic engine has now been made bankrupt for the second time in his long and chequered career.

Micheal (or Michael) Peter Nugent, was forced into bankruptcy last week by the corporate regulator ASIC after failing to pay almost $300,000 in legal costs stemming from a case against him and his company Cycclone Magnetic Engines Inc in 2009.

Also the article stated:

Cycclone and Mr Nugent, who was chairman, were found to have engaged in misleading and deceptive conduct regarding the engine the court ruled ''could not work''.

Angry investors who claim they had been duped over the fake engine had been pushing for more action after Mr Nugent was again found to be fund-raising on the back of audacious claims about another invention known as the Y Engine.

So what's going on with all of this, it really doesn't sound good. RIGHT?

Is it a different Nugent and/or a different engine?

I certainly want to make some money, obviously, that being said, I don't want to lose money..... call me crazy ;-)