Quote:
Originally Posted by Flash68
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.
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Quote:
Originally Posted by Tony_SS
I think Jon knew exactly what he was doing... criminals are brazen like that.
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I was not speaking about criminal or fraudulent intent, only their business acumen and abilities to operate, and in this case transfer, a business.
This was not unlike a ponzi scheme at the end -- newer buyers were likely funding the orders for previous buyers... and on and on. I am not saying it was a ponzi from the start, but at some point, out of necessity and survival, this is what happens.... and it happens often in a business going under.