Opinions about Scuderi Group's misuse of funds

[Sally]

Hi Lonny, we have had the opportunity to cross paths several times over the last couple of years and I have found you to be nothing but professional and honest. I'm in your corner all the way and hope you can continue to support this site.

[marty]

Is it IPO time yet? Where is Paul? Lol!!!! Scuderi'S IN MY OPINION ARE NOTHING BUT CROOKS! Prove me otherwise Sal, Nick, Steven, Ruth, bill constantine! A set of audited financial statements might tell the tale? Come on bring on the Revenue!!!! Ha,ha,ha!!! Man I really actually feel bad for these losers. Imagine being in the later part of your life and even though you have millions in the bank it was at the price of destroying your fathers good name and wreaking havoc on the lives of others. They are soulless!

These statements are my OPINIONS and protected under the 1st amendment.

[Sally]

I think I know where you're going with your blog Neil563 and everyone would agree, only the SG NEVER told us where there were problems or issues that might take a bit longer to work through. All we have ever heard from the SG is we have a deal, oops that deal never got signed, it's coming in 30-45 days, we'll have it in about 30-45 days, IPO March 2015, etc, etc.

No one would fault someone for a few mistakes or things taking longer than anticipated.....the SG has yet to tell us anything is going to take longer or they may have made a mistake. No, they keep going on as if nothing has gone wrong. Huh???

So my question to you is, what are we supposed to take from your blog in reference to SG?

[Sally]

My accountant has advised me to stop holding my breath, blue is not the "it" color this year.

[marty]

I am looking to recoup my losses on this fraud (my opinion) Does anybody think there's a market for my miniature pewter Scuderi engine on eBay? The story that goes along with it is priceless I willing to bet somebody will buy it. Hell, I will even throw in a copy of the prospectus and my fully executed NDA signed by Sal Scuderi himself.

[Lonny Doyle]

Reading the comments from neil563 makes me feel sad.

It's like you took a few quotes from a book about a dying man where an uniformed sibling is saying " It's going to be alright next month, you just wait and see!"

It's a shallow plot and very late in the book. Too many pages have been written to cure him now. I think we can guess how this poorly executed novel will end. Sadly he passes away!

Sorry, I should have said spoiler alert before you read this.

LOL

Just kidding

Right now the Scuderi Group is positioned for success, try to keep an open mind and maybe you will be able to enjoy the ride in the coming months.

[Sally]

Tick Tock

[kmb1949]

I have a new engine architecture that I am trying to commercialize. The prototype of the first design has been built and tested to validation. Nothing strange, just solid design for easy maintenance, very quick major repairs and lighter weight. More than 50 small improvements that put a smile on the mechanics face.

[Sally]

kmb1949 - I'll make you a deal. Show your information to Lonny and if he says it has value then I might be interested in listening to what you have in mind. Without Lonny's take on your idea I'm not interested.

[Sally]

Uh oh, I heard the word "whoa" used by someone who thinks they are in the know. Anyone out there want to expand on this?

Please only post what you have heard - don't make things up as we have been down that road too many times.

[Sally]

Maybe I should have said oh, oh instead of uh oh.

[Sally]

9 days left till the end of the second quarter of 2015 and still no IPO, no audited financials, no outside funding from interested companies, no signed deals, nothing, not even SG shares showing up in brokerage accounts we were encouraged to open this past Feb.. I believe the SG will have to have webinars because they will need money sooner than later to meet payroll. Naturally in the webinar Sal will speak quite clearly of how close they are to receiving signed deals and financing, more likely in 30-45 days.


I am adding the following disclaimer to my comments as a protection to my 1st Amendment rights: All of the foregoing is my opinion. I don't give anyone permission to cut/paste and disseminate my comments to a broader audience. I do not wish to forward or commence any misstatements about or towards the Scuderi Group or Scuderi family members. Everything I have ever written in any blog is my opinion only based on the facts as I knew them to be at that time.

Tick tock.

[drozboyz]

July 13, still nada......

[Sally]

Now I will say it.....UH OH.

What happened?

Where is the shareholder quarterly update? Not webinars, where is our written quarterly update??

Tick Tock......Tick Tock.......

[Sally]

OMG Neil563, you have to be drinking the kool aid again. The SG has been stating things are going to change usually in 30-45 days, that was over 9 months ago. Let's see, that's about 30-45 days times 9 and they're no closer today to announcing ANYTHING!!! And when they do announce the shareholders will not see anything because Sal and his family aren't capable of getting this over the finish line. It's not that they don't want to get it done it's because they don't have the professional know how to get it done. So keep professing how the SG is winning and many shareholders will wonder what you're drinking because after 10 years and about $100M they have nothing to show for their investment. NOTHING! Really???

How about something very simple and basic, how about quarterly updates to the shareholder, not in the form of webinars but in writing. Webinars are tricked, not an open forum like the SG wants you to believe, they're tricked so let's get back to basics and do what's right - quarterly updates informing their investors how the company is doing. Maybe put in some accounting information in that update, I'm beyond expecting audited financials but maybe they could put something in the update informing us where we are with financing.