Thursday, July 31, 2014 11:36:34 AM
I don't believe MSLP is an example of that type of equity, though I doubt MSLP ever achieves a premium valuation as they are in the wrong sector and have terrible Mgmt, but a fair valuation could easily cause me to sell and never look at the company again.
These guys are so under-qualified it's not even funny. Fearless, stupid and corrupt can allow you to successfully rob a few convenience stores, but hardly qualifies one as a master thief. A little fortuitous timing with UFC and great marketing/product design firm can only take you so far.
One of my former business partners, named Marc Kreiner was sitting on the beach in Hawaii when three guys approached him to borrow some money because they couldn't fill their tee-shirt order for the next MMA event in Hawaii. Marc invested $30K for 30% equity in the company. That company? Tapout. Marc then sold it to JC Penney sub for $450m
Check on Brad in 10 years. He is no Marc Kreiner.
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