Thursday, October 30, 2014 2:42:53 PM
I mean I get that the deal obviously fell through and never happened. And I get your suggestion that we should not trust MW because this deal fell thru. But while I understand how you could imply it was all MW's fault, and that he can't be trusted, and maybe some would agree with you, I am not seeing that actual proof in the links you provided?
Coming from a business background where I have seen many failed and successful ventures, there could be a number of different versions of this story versus the one you are suggesting.
For example, I see a deal entered into that required, as per both PR's...
Was that North American distribution channel ever setup as required? Was the promised $2.5M ever raised?
Those are not insignificant details in this story.
The facts that IFUS incorporated Mastic Blast as a future spinoff, gave DeBlase a piece of the business in return for the heavy lifting he promised, and did all of this around a series of PRs sounds completely normal to me the way these types of deals get launched. I see nothing illegal in those links.
Obviously it fell apart, but "How" and "Why" are very important details and I suspect there is no way for either of us to prove one way or the other what happened.
Except for the very important fact it appears the promised $2.5M never materialized? So 96% of the funding promised to IFUS never materialized and somehow we should believe it is all MW's fault? That seems like a bridge too far.
I can't pay somebody $100K and tell them to get cracking making product, tell them another $2.5M investment is on the way, and then when I fail to come up with the other 96% of funding, I go and ask for my original $100K back.
If that is the New Jersey case, I think I will risk that IFUS would win that...eventually.
If I am missing key details I am happy to hear them.
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