Print the value of index0
  • Report:  #1526275

Complaint Review: Ioticiti Networks Inc. – Metro Connect International - Mustang Holdings - Metro Wireless

Ioticiti Networks Inc. – Metro Connect International - Mustang Holdings - Metro Wireless Cecil Darren Frank – Dfrank@ioticiti.com Darrin Frank Sophia Frank Sophia Opasinis Darrin Frank Jr. Ron Frank – Rfrank@ioticiti.com Lou Gallucci – Lgallucci @ioticiti.com Jordan Gallucci – Jgallucci@ioticiti.com Ioticiti Networks Inc. – Metro Connect International - Mustang Holdings - Metro Wireless Cecil Darren Frank – Dfrank@ioticiti.comDarrin FrankSophia FrankSophia OpasinisDarrin Frank Jr.Ron Frank – Rfrank@ioticiti.comLou Gallucci – Lgallucci @ioticiti.comJordan Gallucci – Jgallucci@ioticiti.com Ioticiti Networks Inc. – Metro Connect International - Mustang Holdings - Metro Wireless Cecil Darren Frank – Dfrank@ioticiti.comDarrin FrankSophia FrankSophia OpasinisDarrin Frank Jr.Ron Frank – Rfrank@ioticiti.comLou Gallucci – Lgallucci @ioticiti.comJordan Gallucci – Jgallucci@ioticiti.com Investment Fraud- private company and should only have had 50 investors. To our knowledge there are 150+ shareholders. Ioticiti has not followed the laws under the BC Corporation Act or the BC Securities Commission. These people have brought undue stress and hardship to many shareholders families by perpetuating lies and given false deadline dates to when investors would be paid dividends, when shareholders would be bought out and even denying them any documentation about comapy financials, evaluations of their technology or current share price. Markham Ontario

  • Reported By:
    West Palm Petrie — Ponte Vedra Beach Florida United States
  • Submitted:
    Wed, May 10, 2023
  • Updated:
    Tue, November 12, 2024
*Consumer Comment: Background on the Franks - US Court Filings. *UPDATE EX-employee responds: Connected Rip Off Reports - Link 1 and Link 2 *UPDATE EX-employee responds: All the executives participated in fund raising for a decade. Nobody at any time considered calling out where the money was going even though cheques were directly handed to them. *UPDATE EX-employee responds: Why wasn't the Radio Mobile suit announced to the shareholders when it first arose? *UPDATE EX-employee responds: Why wasn't the Supreme Civil Suit May 2021 announced to the shareholders when it first arose? *UPDATE EX-employee responds: SNRED Credits - We understand now why they were never obliged even though many of us knew what we were doing at ioticiti would qualify for all the SNRED credits. *UPDATE EX-employee responds: Michael Friedman, Andrew Branion, Lou Gallucci and Jordan Gallucci - exit from the company with no minutes or agm distributed to anyone. *Consumer Comment: Why? They were doing well with the their municipal, province, state and possibly nationwide projects? *REBUTTAL Individual responds: BDC and Fund Raising. *REBUTTAL Individual responds: I used my kids university funds and i told them i was going to do this. They have destroyed my kids futures. *REBUTTAL Individual responds: many many families and business have been ripped off internationally. *REBUTTAL Individual responds: if you havent already done so we are urging you to participate in the filings with the bc securities commission. *REBUTTAL Individual responds: they used our kindness against us in wanting to help them make ioticiti a great company. *Consumer Comment: as the marketing material said "Connect the Dots" -- They are all complicit. *REBUTTAL Individual responds: destroyed families while pampering their own... truly evil bunch *Consumer Comment: lied to innocent people, lied to government, lied to financial institutions... *Consumer Comment: sad and amazed - looking forward to seeing the case information. *REBUTTAL Individual responds: God bless - using gods name in vain - what sad individuals. *Consumer Comment: iot and opportunities *UPDATE EX-employee responds: destroyed friendships, destroyed our lives, destroyed our families ---- they lied to all of us *UPDATE Employee: "this is the best Christmas you are ever going to have" - Cecil Darren Frank *UPDATE EX-employee responds: "Jane you are a millionaire you just dont know it yet" - Cecil Darren Frank *REBUTTAL Individual responds: Every single one of the business execs and team are complicit; they all knew what they were doing to the shareholders, employees and partners. *REBUTTAL Individual responds: thieving disgusting individuals.. 0 morals.. 0 ethics.... truly garbage people. *REBUTTAL Individual responds: 401k gone.. we are really suffering. *Consumer Comment: Terribly Disgusting individuals ----- they continue to rip off people ------ do not lend them anything and report them to the police\rcmp. *Consumer Comment: Trying to put my kids in camp and other activities for the summer... have to sell our cottage. This is all so sick what they have done. *Consumer Comment: They are criminals, liars and grifters. They continue to do business. Stay away from anything to do with the gallucci's, and franks. *Consumer Comment: They were all grifting right until the end knowing they were going to pull chute. *REBUTTAL Individual responds: They lied about everything. They cannot claim innocence as the business team lied about everything on every page of their corporate presentations *Consumer Suggestion: Suggestion.. give the money back to the poor people that invested their time and money. come clean and ask for forgiveness *Consumer Comment: we invested in good faith, they even used their families whom are also in on it to present well *Consumer Suggestion: Why aren't the authorities involved? Where is the justice? Why are they not in jail? *Consumer Suggestion: they lied.. where are the authorities? *UPDATE Employee ..inside information: digging deeper on these degenerates - they were all complicit in significant fraud and they should all be in jail. *REBUTTAL Individual responds: Disgusting individuals - Stay away from them all and their future grifts. *Consumer Comment: they destroyed my family *REBUTTAL Individual responds: liars, grifters and they are still going.

Tale of Two Cities- Markham Ontario 2023 - What some thought was a lucky chance to have the privilege to being invited to invest in a new IoT company that developed their own WIRELESS SUPERHIGHWAY namely IOTICITI NETWORKS INC. (Metro Connect International - Mustang Holdings - Metro Wireless) Darrin Frank and Lou Gallucci began sucking in small investors, family's and small businesses to keep them afloat until they were able to bring in some big investors(FISH). Since 2015 they have had 3 different private placements at various prices, they have received deposits from future business partners, they first told shareholders they were focusing on Canada and the USA, then they were meeting and negotiating with potential Global buyers. Since early 2018 it has been delay after delay after delay having negotiations with various parties to buy ownership, with signings of various partnerships and multiple client agreements. The problem is shareholders were getting verbal updates to all these details via phone calls from the VP of Business Development namely Lou Gallucci. In mid 2021 there was a company evaluation done by Deloitte and by the end of 2021 there were new officers hired CEO Andrew Branion (Former Scotiabank) and COO Michael Friedman (Former Scotiabank) with shareholders being updated by Mr. Gallucci again. In 2022, there was an evaluation completed by the C.T.I.A of Ioticiti’s US and Canadian Spectrum licences which were needed for the negotiations with potential ownership buyers. However, this information has not been shared with any shareholders, only verbal confirmation to a few shareholders by Lou Gallucci. To the present day there has never been a shareholders meeting, vote, or sharing of any documentation. Now many family and friends are fighting because in today's economy, many of the initial small investors need there investment out of Ioticiti before they loose property, businesses and spouses.

Tale of Two Cities- Boca Raton Florida 2006 - Cecil Darrin Frank and his wife Sophia (Opasinis) Frank found guilty of fraud and deported to Canada.

https://www.govinfo.gov/content/pkg/USCOURTS-flsd-9_05-cv-80732/pdf/USCOURTS-flsd-9_05-cv-80732-0.pdf?fbclid=IwAR3KQ8iPQqrpxodEhX7-MhNcMVytwOpNzbLAJTJqcob8_X0-ljaUAjkdpQY

http://search.sunbiz.org/Inquiry/corporationsearch/SearchResultDetail?inquirytype=EntityName&directionType=Initial&searchNameOrder=AMERICANMASTERCRAFTSTEELBUILDI%20P980000444270&aggregateId=domp-p98000044427-19202bd4-9873-4f15-b645-faf0051db553&searchTerm=AMERICAN%20MASTERCRAFT%20INC.&listNameOrder=AMERICANMASTERCRAFT%20F150000051920&fbclid=IwAR3q5ucCVe9D0hE8XZCfiNKzbzo6_z4P57tf799nXDTYxJFTpyb0X7diQo0

https://www.tractorbynet.com/forums/threads/beware-american-mastercraft-buildings.4158/?fbclid=IwAR1p3XEqq6Gf59rUFAt3tGJ6OSXVHAP-jRnBEaMSzckwWuXSVQAhgBe00tk

It seems this family easily gets co-conspirators to lie and cheat good hard working people and their families out of their hard earned money, destroys some small businesses and breaks up many families and friendships with no remorse. How do I know that, well when Ronakld Frank lives a high lifestyle and sits in an empty offfice out in Vancouver, brother Cecil Darrin Frank and his wife recently sold two residential homes for approximately $6 million, partly owns an Italian restaurant and drives a Bentley.

Please spread the word to stay clear of all of these people mentioned above and here is some more linkls you can check out and please comment about your experience with any of them.

https://www.ripoffreport.com/report/american-mastercraft-steel/markham-ontario-bilked-i-non-1525990

https://www.ripoffreport.com/reports/american-mastercraft-steel-buildings-corporation/boca-raton-florida-33434/american-mastercraft-steel-buildingsdarren-frank-sold-me-a-sales-pitch-for-a-steel-build-302967

 

 

 

 



 

38 Updates & Rebuttals


help

United States

liars, grifters and they are still going.

#39REBUTTAL Individual responds

Mon, November 11, 2024

My group and i would like to suggest that anybody that is still doing work with any of these people commented in this article and all the comments to stay very far from them away from. 

 

from our understanding they are still fund raising for more grifts that they have not put together. 

 

we determined through discussions with many investors that they actually had a boiler room running selling radio licenses under many different companies --- these assets should have been rolled up into ioticiti and metro connect ---  they were not.  

 

this is highly illegal and we are hoping the authorities will help everyone whom had their lives ruined by these grifters. 

 

their political affiliations and people around them are also to be speculated to a great degree

 

 

the authorities have been notified in the usa and in canada; hopefully we will see some truth and justice soon. 

 

people deserve to know who did this to them; we have a feeling there are a lot more people involved than what we see on the surface; destroyed their families through putting trust in them and why they did it 


Family

Florida,
United States

they destroyed my family

#39Consumer Comment

Thu, October 24, 2024

My wife and i gave lou, jordan and darren our life savings. 

 

holidays especially christmas are utter hell and have been for years since we made the investment. 

 

they continued to grift and bring in more investors well into 2022

 

we had been involved with them for 5 years at that point and we were always told things were promising and the business was being built properly and the reason it was taking so long is that they had to do all the due dilligence

 

be careful with these people 

 

they are liars

 

hopefully one day they justice will be had for all those they ripped off 

 


Tony

toronto,
Ontario,
Canada

Disgusting individuals - Stay away from them all and their future grifts.

#39REBUTTAL Individual responds

Thu, September 19, 2024

with speaking to many more people involved... i have determined they are truly disgusting individuals - Stay away from them all and their future grifts. 

 

They come across as christian/catholic/born again and they are farthest from it.  They are liars, grifters and truly sick people to have hurt so many families and people. 


darren

United States

digging deeper on these degenerates - they were all complicit in significant fraud and they should all be in jail.

#39UPDATE Employee ..inside information

Mon, August 26, 2024

digging deeper on these degenerates - they were all complicit in significant fraud and they should all be in jail.  

 

anyone in their circle is under deep investigation. 

 

what we have found is just incredible and the scale of the money laundering and theft is just wild.  there is no way that the executive business team did not know what was going on.

 

the poor people they bilked need justice. 

 

 

it would be wise for them to come clean as the implications of the information found is going to be epic.  

 

 


chris

United States

they lied.. where are the authorities?

#39Consumer Suggestion

Tue, July 30, 2024

they lied.. where are the authorities?

 

doesnt canadian law have anything to help the people that were ripped off? 


grandma

United States

Why aren't the authorities involved? Where is the justice? Why are they not in jail?

#39Consumer Suggestion

Fri, July 26, 2024

How can these countries be so screwed up (USA/Canada)?

Where are the authorities? 

How can these guys get away with ripping off pensioners, single parents and families?

Where is the RCMP? FBI?  What they did is so illegal.


investor

United States

we invested in good faith, they even used their families whom are also in on it to present well

#39Consumer Comment

Mon, July 22, 2024

we invested in good faith, they even used their families whom are also in on it to present well

 

 

they are disgusting individuals

 

 

the belong in jail for the remainder of their lives as peoples have have suffered, even past away because they conned people 


mom

Florida,
United States

Suggestion.. give the money back to the poor people that invested their time and money. come clean and ask for forgiveness

#39Consumer Suggestion

Fri, July 19, 2024

100's of individual whom have been ripped off.  The execs had no intent in finishing the technologies that were proposed.  The tech teams worked hard to make it a reality and the execs would quickly change direction and continue the investment grift. 

 

stay away from the executive team in any of their future endeavours... they have hurt a lot of people... mentally, physically and emotionally --- all for greed. 


investor

United States

They lied about everything. They cannot claim innocence as the business team lied about everything on every page of their corporate presentations

#39REBUTTAL Individual responds

Fri, June 14, 2024

They lied about everything. They cannot claim innocence as the business team lied about everything on every page of their corporate presentations.

 

The FBI and RCMP should get involved.  They lied to old people and families in need. 

 

They will not get away with it. 

 

 


wife of retiree

United States

They were all grifting right until the end knowing they were going to pull chute.

#39Consumer Comment

Wed, June 05, 2024

Andrew, Michael, Darren, Ron, Lou, Matt, Jordan were all pulling in investment dollars from people right to the end of ioticiti and metro connect. 

 

they knew what they were doing full well

 

stealing from retirees and families

 

we need help from the authorities... this is all so disgusting. 


mom

United States

They are criminals, liars and grifters. They continue to do business. Stay away from anything to do with the gallucci's, and franks.

#39Consumer Comment

Wed, June 05, 2024

They are criminals, liars and grifters. They continue to do business and grift. Stay away from anything to do with the gallucci's and franks.

 

the fbi and rcmp need to get involved. 

 

they stole from dozens of innocent families. 


mom and dad

Ontario,
Canada

Trying to put my kids in camp and other activities for the summer... have to sell our cottage. This is all so sick what they have done.

#39Consumer Comment

Sat, June 01, 2024

We put a lot of our family money into ioticiti due to the constant bs that we were promised by Darren, Lou and Jordan.   

 

We were involved for so many years and we put more and more money in as we received assurances that metro connect and then ioticiti was going to have breakthroughs. 

 

They literally destroyed my family and my relationship with my spouse because my group invested with ioticiti.   With family emergencies, sicknesses and now employment issues due to sickness; the business team at ioticiti has destroyed my kids lives. 

 

These thieves should no be allowed to walk free in the world. 

 

Their ; the ioticiti business team families should reflect on the disgraceful nature of their family members. 

 

They should probably do what is right and come clean for their futures as well. 


Karma

United States

Terribly Disgusting individuals ----- they continue to rip off people ------ do not lend them anything and report them to the police\rcmp.

#39Consumer Comment

Sat, May 18, 2024

Im a shareholder and to this day the legacy ioticiti\metroconnect business staff are continually trying to rip people off. 

The executive business teams belong in jail and shouldnt be allowed to rip off any families any longer.  

So many lives have been affected by these grifters.... they use religion to pose as ethical people, lie about their past, lie about their future, their families are in on it to... strategically placing their family members in positions as insiders.   

The shareholders i have met have been so broken by this all and i hope their is justice. 

Im an elderly individual and we; my wife and I put our retirement money in thinking we could trust them. 

 

 

 


401k

boca raton,
Florida,
United States

401k gone.. we are really suffering.

#39REBUTTAL Individual responds

Thu, April 18, 2024

We cashed out our 401k's to invest and now with the cost of living sky rocketing we are forced to sell our house; we worked hard our entire lives.   Our family is falling apart because of our investment in Metro Wireless which ended up being ioticiti. 

 

We are destitute and have found out we were lied to continously over the years... the business team are evil people. 


Christine

toronto,
Ontario,
Canada

thieving disgusting individuals.. 0 morals.. 0 ethics.... truly garbage people.

#39REBUTTAL Individual responds

Tue, April 16, 2024

thieving disgusting individuals.. 0 morals.. 0 ethics.... truly garbage individuals.

 

 

they knew all along what they were doing. 

 

 

they looked people in the face and took their hard earned money while they were living the highlife.  

 

 

they stole from people which believed in them. 

 

 


concerned

California,
United States

Every single one of the business execs and team are complicit; they all knew what they were doing to the shareholders, employees and partners.

#39REBUTTAL Individual responds

Mon, April 08, 2024

Every single one of the business executives knew exactly what was going on.. even the short term ones. 

 

 

if you can somehow believe that people of that stature didnt once think to call a shareholders meeting to provide accountability around the expenditure in the time of their service even once you have serious grifting problems. 

 

 

to think that a bunch of "well to do" business people on linkedin with great feats of business grandeure in the public and private sector couldnt get their act together to maintain some level of integrity...

 

 

anybody reading these comments from the poor people that were ripped off should make this go viral as they hurt a lot of families and individuals. 


jane doe

Ontario,
Canada

"Jane you are a millionaire you just dont know it yet" - Cecil Darren Frank

#39UPDATE EX-employee responds

Thu, March 21, 2024

"Jane..… you are a millionaire you just dont know it yet" - Cecil Darren Frank

 

they would say to empoyees and investors.. 

 

a truly disgusting fraudulent bunch. 


john doe

California,
United States

"this is the best Christmas you are ever going to have" - Cecil Darren Frank

#39UPDATE Employee

Thu, March 21, 2024

"this is the best Christmas you are ever going to have" - Cecil Darren Frank

they would say to employees and shareholders

 


bob

California,
United States

destroyed friendships, destroyed our lives, destroyed our families ---- they lied to all of us

#39UPDATE EX-employee responds

Mon, February 26, 2024

many of us went in as a group friends as we had faith in what lou and darren were touting.   many of us pulled mortgages to invest with ioticiti as we strongly believe in them.  some of us lead the investment with dozens of people supporting us to look after our friends families and best interests. 

 

its a terrible state now as all the once friends are at eachothers throats for what the business execs have done.  

 

we pray that there will be some justice here


tech girl

richmond hill ,
Ontario,
Canada

iot and opportunities

#39Consumer Comment

Mon, February 26, 2024

i met them as a potential client and their tech team really had their heart in the game and wanted to do what is right for humanity.  

 

its such a shame that the business teams used them. 

 

the business execs are a truly evil unethical bunch after hearing more details from the shareholders that were ripped off. 


john

Ohio,
United States

God bless - using gods name in vain - what sad individuals.

#39REBUTTAL Individual responds

Wed, February 07, 2024

 After putting my retirement money in that i slaved for farming they "God Blessed" me. There is nothing more rotten than a person that hides behind religion and carries out disgusting acts. A higher power is definitely going to deal with them accordingly.


Denise (in law school)

Ottawa,
Ontario,
Canada

sad and amazed - looking forward to seeing the case information.

#39Consumer Comment

Wed, February 07, 2024

I cant wait to hear more on this case it looks like a lot of people were involved and the business team were big into white collar crime and likely throughout their business careers prior to ioticiti. I bet it was just amplified when they all got together. Good to see there is some potential for these poor families that were ripped off. Lets hope the court system has some morals and ethics; i have faith in our judicial systems even though white collar criminals should be treated far more harshly for the generational damage it does.


sono una vergogna

toronto,
Ontario,
Canada

lied to innocent people, lied to government, lied to financial institutions...

#39Consumer Comment

Wed, February 07, 2024

 as we find out more about the business group we (the businesses, families, shareholders involved) cant figure out how they could have looked at people eye to eye and conducted the deals they had done. they lived in extravagance and lied to everyone - knowingly hurting people as the deals were signed; truly disgusting.


devastated

boca raton,
Florida,
United States

destroyed families while pampering their own... truly evil bunch

#39REBUTTAL Individual responds

Wed, February 07, 2024

 i understand that many weddings were had by the children of the business execs during the time of investment rounds. My family and i are so disgusted with the details we heard.. where we understand there were weddings and entertainment provided coinciding with the heavy investment round pushes. these people are truly evil and disgusting. they knowingly took from families and the elderly to pamper their families... brutal!


dot connector

new york,
New York,
United States

as the marketing material said "Connect the Dots" -- They are all complicit.

#39Consumer Comment

Tue, December 19, 2023

as the ioticiti marketing material said that was presented to my family, my collegues and i  "Connect the Dots" -- They are all complicit.

executives on the business side could not have operated in ioticiti for so many years without being complicit... think about it.  

 

 

 


cowan

Saint John Island,
U.S. Virgin Islands

they used our kindness against us in wanting to help them make ioticiti a great company.

#39REBUTTAL Individual responds

Sat, June 24, 2023

they had all they needed to make an amazing company, especially with the frequency licenses they owned in mexico, canada and united states.   They even told me about europe and africa in a few of the discussions. 

 

how can they be such blatant liars straight to my face.  I brought in my brothers as well for investment and i have to deal with the fall out now?  They have really hurt many many relationships because of their greed. 

 

hopefully the all of this will be brought to light and a form of justice will be served. 


Sitting in the East

Beijing,
China

if you havent already done so we are urging you to participate in the filings with the bc securities commission.

#39REBUTTAL Individual responds

Sat, June 24, 2023

if you havent already done so we are urging you to participate in the filings with the bc securities commission. 

we need help to get things moving and urge you to file referencing "ioticiti". 


Constituent Lodge

Vancouver,
British Columbia,
Canada

many many families and business have been ripped off internationally.

#39REBUTTAL Individual responds

Sat, June 24, 2023

more and more sharelholders are getting together and we are finding that so many families and businesses have been affected by ioticiti's complete lack of transparancy.  Consider the stories you have been told and who really drove the investment opportunity at you.  


Saturn Retrograde

vancouver,
British Columbia,
Canada

I used my kids university funds and i told them i was going to do this. They have destroyed my kids futures.

#39REBUTTAL Individual responds

Sat, June 24, 2023

I used my kids university funds and i told them i was going to do this.  I am not a rich man and they understood this.  they have destroyed my kids futures. 

 

all the business execs were in on it and they will not pick up their phones, answer their emails - they know i know everything now and will cannot face what they have done.  they have been caught red handed.. i am going to push to get the rcmp involved.  


tim horton

Canada

BDC and Fund Raising.

#39REBUTTAL Individual responds

Wed, May 31, 2023

To the external shreholders it was a no brainer for ioticiti to go to the BDC; especially with the tech they were developing.  Many of us had good interactions with the BDC and were successful in using them to get our businesses going.  For years this subject was brought up and often the replies were in the form of deflection or appeasement with no action. 

Everyone on the business team was complicit in this deflection. 

 

After finding out what happened in december of 2022 when the accounts were exposed it makes absolute sense that the BDC business loans were discouraged. 


ripped

Canada

Why? They were doing well with the their municipal, province, state and possibly nationwide projects?

#39Consumer Comment

Mon, May 29, 2023

What i dont understand is how the executives can be just allowed to tuck tail and run.   After all they put out some great stuff and were working closely with the government. 

 

https://govlaunch.com/projects/vaughan-on-experiments-with-ioticiti-system-for-automated-stormwater-pond-monitoring

 

 

why would someone risk all of this?  why wouldnt they try and get their backend dealings in order as so much is on the line? 

 

 


disgusted

United States

Michael Friedman, Andrew Branion, Lou Gallucci and Jordan Gallucci - exit from the company with no minutes or agm distributed to anyone.

#39UPDATE EX-employee responds

Thu, May 25, 2023

Michael Friedman, Chris Macloed, Andrew Branion, Lou Gallucci and Jordan Gallucci - exit from the company with no minutes or agm distributed to anyone.

 

why didnt any of the business executive team/board of directors put together an AGM to annouce their departure from the company?

 

why didnt they put together an AGM in 2022 when they began pointing fingers at one another for the mishandling of the funds by ioticiti business executives?

knowing this was all going on how could they continue to fundraise into late November 2022.... this all doesnt make any sense unless they were all in on the laundering of the $'s coming in? 

so immoral and unethical.. absolutely disgusting bunch. 


ripped off

United States

SNRED Credits - We understand now why they were never obliged even though many of us knew what we were doing at ioticiti would qualify for all the SNRED credits.

#39UPDATE EX-employee responds

Thu, May 25, 2023

SNRED Credits - We understand now why they were never obliged even though many of us knew what we were doing at ioticiti would qualify for all the SNRED credits.

 

Radio development - we made a radio that is in the field

sensor stack development - we made a product that is in the field

it operations work

software/hardware development for construction applications

and much more. 

 

 

Being well versed in R&D and product development the SNRED program in canada is an excellent means to recoup R&D money for all the work that was being done by the development team. 

 

Some of us would request the use of the SNRED but the executives would nay say it and said it wasnt worth it.  This went on for years... despite knowing that SNRED can recoup 40% if not more of the R&D expenses.  This should have been a red flag for many of us but we had a lot of trust at the time in the executive team. 

 

Some of the lead technical staff were never paid and would often put in 70 hour weeks to get the development done.  The premise around the work conducted was always we are almost there and the big payout was coming.  We were terribly mislead and its horrible that some of the executives were paying for their own homes, cars, family cars and expenses etc on the backs of both the tech team and the shareholders investment dollars.  

The immoral and unethical behaviour of the executive business team is absolutely abhorrent.  

 

 


ripped off

United States

Why wasn't the Supreme Civil Suit May 2021 announced to the shareholders when it first arose?

#39UPDATE EX-employee responds

Thu, May 25, 2023

Why wasn't the Supreme Civil Suit May 2021 announced to the shareholders when it first arose?

 

Shouldnt have this been conducted based on the corporations act? Doesn't the executives and board members have a fudiciary responsibility for full disclosure with all dealings with the company that may affect the share value?


ripped

United States

Why wasn't the Radio Mobile suit announced to the shareholders when it first arose?

#39UPDATE EX-employee responds

Thu, May 25, 2023

Why wasn't the Radio Mobile suit announced to the shareholders when it first arose?

 

Shouldnt have this been conducted based on the corporations act? Doesnt the executives and board members have a fudiciary responsibility for full disclosure with all dealings with the company that may affect the share value?


angry parent - they stole from my family.

United States

All the executives participated in fund raising for a decade. Nobody at any time considered calling out where the money was going even though cheques were directly handed to them.

#39UPDATE EX-employee responds

Thu, May 18, 2023

All the executives participated in fund raising for a decade. Nobody at any time considered calling out where the money was going even though cheques were directly handed to them.

This in iteself is incredibly hard to believe. 

Logic would dictate that all those listed here: https://www.ripoffreport.com/report/ioticiti-networks-metro/markham-ontario-cecil-darren-1526275

--- Would at some point consider checking on where the 10's of millions of $'s were deposited; and for a company that had no product out there how was there burn rate so high?

At no point did any reflect on the ethical nature or the fudiciary responsibilities in managing peoples money? Especially those they had a personal relationship with whom were banking on ioticiti/metro connect being successful? 

Was everyone in on it? Even those in British Columbia where they were headquartered out of? 

All these questions need to be addressed but after being taken to the cleaners by ioticiti many of us do not have the funds to support lawyers.  Meanwhile all of the ioticiti business corporate team and their offspring are driving high end vehicles and living in high end homes. 

This is all so surreal and sickening. 

 


Destroyed by the Franks and Galluccis.

United States

Connected Rip Off Reports - Link 1 and Link 2

#39UPDATE EX-employee responds

Wed, May 17, 2023

Link1

https://www.ripoffreport.com/report/american-mastercraft-steel/markham-ontario-bilked-i-non-1525990

 

Link2

https://www.ripoffreport.com/reports/american-mastercraft-steel-buildings-corporation/boca-raton-florida-33434/american-mastercraft-steel-buildingsdarren-frank-sold-me-a-sales-pitch-for-a-steel-build-302967

 


ripped off shareholder

United States

Background on the Franks - US Court Filings.

#39Consumer Comment

Wed, May 17, 2023

 

Filings from US Courts. 

https://www.govinfo.gov/content/pkg/USCOURTS-flsd-9_05-cv-80732/pdf/USCOURTS-flsd-9_05-cv-80732-0.pdf

 

They should not have got off this easily. 

 

These poor people (the clients) were ripped off and i feel terribly for them. 

 

 

Respond to this Report!