Quote:
Originally Posted by musclecarjohn
You can say that again...the foundation of this community is very fragile about now.
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Completely the opposite... the fat is being trimmed. The foundation here is rock solid.
Quote:
Originally Posted by novanutcase
My question is why would you even get close to closing a deal and announcing that you are the new owner without having audited the books in a way that would confirm moving on with closing said deal?
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That's a reasonable question but these people are kids. Maybe not with respect to age but with respect to any business acumen whatsoever.
And so this unfolding is not that big of a surprise to me.
I do agree with barraza's post about sometimes needing to take over a business before ownership is transferred and the sale consummated. I've done that before and it was a little rocky, but it worked out and was the best way to transition the sale.
But still, these guys just didn't know what the fock they were doing.