Replies to post #48697 on Frequency Holdings Inc (FRQN)

[Ron Burgandy79]

This is exactly what I believe to be happening. This is why in two years of him taking over the ticker we haven’t seen a whiff of what the company actually does. All bullshit and lies from Rick Jordan and zero progress.

[mrrickjordan]

Yes I did put the hard cash in. This was all on the balance sheet in the filings:



I did this because I believe in my own model. The notes actually would have worked just fine if we weren't rolled by misconduct of the acquisition sellers. I went into the notes wide open, and the execution was on point until terrible external things happened. Take a listen to the recent BFC, I go into that a little bit. The note holders had incentive to step aside, and I took this from $4M to $15M run rate in just 2 years. Then the tornado hit with the misconduct, we went to EM, and the holder couldn't trade. Now, it's pretty clear to see that any note holder would not want to hold paper for this long. I'm not defending their actions, and it's been the only cause of dilution.

What I am is stating from a business perspective that any holder who has held longer than planned would want liquidity. Business is business. 

Things look different now. Duh. I need to recoup my own investment which far shadows anyone else's. Take my statement just as fact, nothing more. Everyone who has shares has skin in the game and money spent. I don't minimize that. I just have more motivation than anyone else.

This means, I still believe. If I did it before... 4 to 15M, I can do it again. Then like before, the note holder will step aside as we are in a position for far greater capital.

As for the claims of "scams" and even the use of that word, or saying things like I'm dumping shares or the company has no customers, or things like we have no real business...

People should be careful spreading misinformation and stating it as if it were material fact. I'm not saying you are, I'm just saying lookout for those who do it.

We are monitoring false and misleading statements for review.

Lastly, I'm happy to answer any questions you may have. I appreciate your engagement.

RJ