Quote:
Originally Posted by Al Moreno
I second that, it was FREAKING poetic Greg!
What other also don't realize is that the investment could have gone the other way around and you would have lost your ass! All the employees would have just gone and found anther job.
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Well AL --
Here's a real life example of that!
Three years ago I lost half a million in an investment. It was a company, started by friends - that is called ReKlaim (you can Google it). The "idea" - which started 7 or 8 years ago (and my first 50K investment was in the idea only stage) was to take USED TIRES - grind them up - "cook them" - and recover the oil - steel - and carbon that was the byproduct of the process. There are 290,000,000 (two hundred ninety million) used tires created per year. Currently they're a big problem because they're hard to get rid of. Our "idea" would have been pollution free - and would have recycled them into useful products and gotten rid of the problem entirely. Sadly - because the original guy went cuckoo during the building of the plant.... and a couple of assholes stepped in at precisely the wrong time - and lied - and flew around in jets (at our expense) and went on hunting trips etc.... I lost 100% of my investment and we lost control of the company to the company that was commissioned to build the plant. They're still trying to make a go of it but the plant is built and running. NO I couldn't "write it off" -- that is such a stupid uneducated statement! You can't just "write stuff off"... there's RULES for all that kind of stuff... and like most things -- it just ain't that f'n simple.
Like many of these things -- the success would have created 1000's of job all over the world... would have fixed a problem -- and would have made a lot of people paying a lot of taxes - it would have built plants - and used truck drivers and plant managers and employees. So again -- the "big money" would have trickled down to EVERYBODY.