Trustify – The Fat Lady Sings

It ain't over until the fat lady sings. In the case of Trustify, the fat lady sings. She's singing loud and clear. With the Danny Boice, Jen Mellon nuptials (look it up in the dictionary, pretend Harvard boy Boice) in shambles, the company being sued by a long line of creditors so long that many people are asking the courts to start a Disney World Fastpass-like service. As I reported earlier in the week, Boice is contacting anyone with an email address and asking if they want to buy $1 million of his personal worthless shares in a worthless company for $1.50 per share. Basically he's asking, "who wants to buy -$5.00 shares for $1.50. Nobody...

LifeFuels is a Punchline to a Joke.

LifeFuels is entering its 5th year as a company. Actually, LifeFuels is not a company, it's a punchline to a joke. What do you call a company that has been in business for 5 years and has no product, no sales, no nothing of any value except for press releases? Lifefuels is not a company, LifeFuels is a punchline to a joke. On April Fools Day, 2014, Life Fool Jonathon Perrelli founded LifeFuels...

An Idea is not a Company

An idea is not a company. It does not matter if it's a bad idea, like a $200 battery operated Jonathon Perrelli (JP) designed water bottle and connected phone app that feeds fuel pods to humans (in other words a glorified liquid PEZ dispenser). A bad idea is not a company just as a great idea like sliced bread is not a company. There are several requirements to qualify as a legitimate company and those requirements include engaged constituents, team members, customers, industry partners. and a product. Sorry JP, but an idea is not a product and LifeFuels is simply a bad idea with no product, no customers and no sales is neither a product nor company. The other day, I was approached by young ideator (having an idea does not make you an entrepreneur), in search of the answer to the question, how to turn his idea into a company. He began his presentation by citing all the societal and health benefits of his product. They were easy to understand and yes, it could improve health outcomes. I got his point in two minutes. It was a good idea. Unfortunately for him, an Idea is not a company. Now even though I kept assuring the...

Marcus Bullock – Flikshop

In 1996 15-year-old Marcus Bullock, founder of Flikshop, stood in front of a judge. Tried as an adult Marcus was sentenced and served 8 years in an adult maximum security prison for felony auto theft. For the next 8 years, in the heat of summer, this young man would go out to the prison yard, dressed in a winter coat, stuffed with magazines...

Alexandra Stanton, Gullible VC and Trustify Investor

Alexandra Stanton, calls herself a VC, and Trustify Investor. In this interview below, Alexandra presents herself as a seasoned investor who invests in double-bottom-line companies that "do well while doing good." Mr. Cranky thinks, not so much. If you can't see the interview yourself can find it by linking here. If you listened to the interview, you may have heard Ms. Stanton opine on the health of a very unhealthy, about to go out of business...

Dynami Sweat-Equity Position Available in Battery Startup

Argentina is a major source of Lithium used in Lithium batteries. As a result, Argentina is rich in battery technologists and innovation. Dynami is a startup that is looking for an US-based executive with industry business expertise to join the team and help build the company. This is an effort for equity, non-salary position to start. The exact role and title are negotiable based on skill, ability, experience and ranges anywhere from toilet cleaner to CEO. I have no professional, personal, nor equity relationship with the company except to have talked to the founder and one of his advisors, a professor at the University of Maryland Dynami Executive Summary Thin and flexible medical devices, internet of things and wearables devices are now designed to accommodate off the shelf rigid batteries.  Dynami ultra-thin lithium battery technology enables batteries tailored to the product design instead of the product designed for the batteries.  Dynami leverages the regional availability of lithium, research, and engineering resources to create proprietary battery technology and production processes for our clients. Problem: In an exponentially growing market of thin and flexible medical devices, internet of things (IoT) and wearables, those devices need custom battery solutions. Prismatic, volumetric, rigid batteries do not physically fit. Solution: Dynami’s...

Attention Trustify Investors

Attention Trustify Investors: I have a treat for you. Want the next best thing to audited books on your investment in Danny Boice and Jen Mellon's dumpster fire FlimFlam, doing business as Trustify. Attention Trustify Investors: Danny Boice needs you to dump more, I mean invest more of your cash in Trustify so he can maintain his lifestyle. Attention Trustify Investors: Do you have an accounting of what the assets in which you invested? Check out this rental: https://laricks.com/property/10653422 See this home? You paid for it. Your investment went in for the down payment and is paying the mortgage and now that Danny and Jen have spent the bulk of your money on houses, cars, NetJets, and a new $150K boat in July. He has to rent this out...