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Tuesday, June 09, 2015 11:56:57 AM
To put it in perspective, I made a small investment this year in a startup. Private company of course. Two recent college grads and an idea starting from scratch. I put up $60K in cash and gave them a $100,000 line of credit (which they drew only $16,000 on so far) They worked there asses off 24/7 and opened a small production facility (they even did their own construction on the build out) launched the company, web site, social media, had a professional photo shoot and heavy coverage at a nationally televised event with over 30,000 spectators. All done in less than three months. And they came back with $175,000 in gross sales in their first month of operation. More than Two 23 year old kids with no experience and little salary. Pretty proud of them.
Now. MRIB and 54 year old Margrit and her vast experience have had eight years, $30 million in funding, a finished product already developed and marketed for seven years prior and no equipment or capital expenditure needs. She gets a nice safe cushy huge salary including $4 million in compensation in 2009 alone. And what's she done in sales since her return to MRIB? Less than $50,000 in GROSS sales in almost six years now. It's rather obvious MRIB was always just a public shell play. It was in 2008 and it was in 2013. Margrit doesn't know the meaning of work unless it's how to suck money from something or some one. I doubt she's ever made a sales call. Bottom line is no effort and a lazy operator with no other employees is going absolutely nowhere.
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