Opinions about Scuderi Group's misuse of funds

[wb2ymc]

I agree with Neil. It's coming....we just have to hang in there.

[Sally]

Robo, it's quite simple. The sum total of what neil knows can be summed up in 30-45 days. That's what he has been professing for the last 2 years, I have numerous blogs with his saying exactly that.

This is going no where. Sal and family are trying to get anything so they can keep payroll going, that is their first priority.....it has never been the shareholder and never will be.

If I'm wrong come back with proof but please DO NOT come back with they are working hard, they have "stuff" in the hopper ready to explode. We've heard that too many times and sorry to say, I bought into it too many times with hope and loyalty to the SG. How does the saying go, burned once shame on you, burned twice shame on me. I've been burned more than twice with incorrect and shameful misleading statements from the SG and its directors.

So neil, wb2ymc and any others who claim something is going to happen....put up or shut up. It's as simple as that. Be specific, no more professing something is coming soon, they're working hard, etc. If you can't be specific don't say anything which is what you're saying today - NOTHING!!!!

It's been awhile so here goes: 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.

[fedup]

I read the article and to say the least if anyone would invest in Scuderi after reading it they belong in the same boat with wb2ymc!!!!

[fedup]

Here is the article

"Scuderi Group even went so far as to say at the time:
Of the 20 largest engine manufacturers in the world, 14 are in discussions about acquiring the rights to the engine’s technology.

Fast forward to today, and all those “progress in automotive” press releases seem to have disappeared from the Scuderi Group website. With a homepage decorated with pictures of solar panels and wind towers, the Company now refers to itself as “Scuderi Power” and talks about how “Scuderi power generation and storage systems can provide unprecedented advantages to large consumers of power”, like reducing your electricity bills by 20%. What happened to the focus on automotive? Has this channel already been monetized? The latest automotive update seems to imply otherwise, as a subsidiary of Toyota, Hino Motors, has taken Scuderi Group to court. Apparently, Hino gave Scuderi Group $150,000 for some development work and received nothing in return causing Hino to take them to court to get their money back.

Let’s just assume for now that this lawsuit is water under the bridge for Scuderi Group. The point here is that if you sign a development agreement with one of the biggest automotive manufacturers in the world, and less than 2 years later they take you to court over a “business dispute”, you are simply incompetent and not acting in the best interest of your shareholders. What must other automotive manufacturers think when they see this?

While we view the management of Scuderi Group as completely incompetent based on the facts presented in this article, there still seems to be quite a few strong believers in this company who are hoping for a liquidation event. Are these simply the investors who contributed the $80 million Scuderi Group have squandered spent on R&D so far? Or believers in the Scuderi vision of a new engine that can revolutionize multiple industries? While we think this would make for a great OTC stock, investors who are hoping for an IPO should open a Motif Investing account for free with no deposit required to be notified of coming IPOs that you may be able to participate in. You can also use the Motif platform to buy up to 30 stocks for just $9.95 per trade."

[tokyo]

Feb 12, 2016 21:46:51 GMT toyota said:

Does anyone know the status of the 2013 MOU with Agawam, Mass.-based environmental consultants ECS to build and install a combined heating and power generation system with compressed air energy storage capabilities in an effort to lower energy costs at its 150,000 square-foot mill? This was to be the first Scuderi Engine to be designed and built to utilize hydropower. Is it up and running?

The ECS mill site is located in North Hampton, MA and is subject to the same financing as all the other PPAs along with whatever additional permitting is necessary to start up a micro hydro generator on top of the permitting for Scuderi's system.  I believe during the September webinar the "first" power project projected to be financed was located in Holyoke, MA and was a joint project with the municipality of Holyoke.    

[vroom]

Kneel and bob, any response? Or do you want to threaten slander and I will laugh at you. I would love to see the scandalis try to cry slander.

[vroom]

I have a question for the cheerleaders out there. If Holyoke Gas & E signed a PPA with Scuderi, why is it not reported anywhere if they are a municipality? Any ideas?

[vroom]

Neil. For a municipality to enter into an economic agreement, there are very rigid protocols in place. They need to conduct an RFP with public disclosure an absolute must. Holyoke has made these before.

They haven't said a peep to my knowledge.

[vroom]

Neil, I am not trying to pick a fight but how do you know?

[vroom]

Robo. What does your leader send you? Is it a statement of your pct of the loss?

I get nothing after they converted to a c Corp.

[vroom]

I understood that scuderi converted to a c Corp and no longer produces K1s. Do you know otherwise? A k1 is for a partnership. I suppose you might have a partnership on top of the c Corp.

[vroom]

If you own partnerships, then you need K1 for taxes.

[vroom]

This company had better have great record keeping.

[fedup]

Have not been on for awhile but I still see neil563 (Da Mole) is still positive on Scuderi. In real life neil563 must be Ruth Scuderi there is no question about it!!!!

[vroom]

We were told that in advance of going public that Scuderi was being converted to a c corp. We have never paid fees. Our club did not provide K1s until they were pressed to do so and then stopped because of the cost. They said that they did not have to because of the C Corp. I have asked many different ways for an accounting of the companies share count so I could determine what percentage of the Company I own. I have never gotten an answer. When asked what value new shares are being sold at, I get a share price which, of course, means absolutely nothing. The Company does not return emails, nor does my group leader.