| Followers | 4 |
| Posts | 863 |
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| Alias Born | 02/10/2016 |
Tuesday, January 12, 2021 3:17:28 AM
He takes over a run down company that was basically a glorified ponzi scheme, and his plan to save it doesn't really go well as the former owners left him with a bunch of BS to be responsible for. The company had a tough time raising money, and had to rely on some debt with fairly onerous terms. They are losing money and looking like it's about to go bankrupt. Then suddenly... COVID! The markets go nuts with stimulus and excess savings from at home workers and then a giant pile of money appears and he ends up leaving the company in fairly good financial shape. They could probably keep raising money and not even hurt the share price that much.
Apparently every $1M in cash they raise = $3M in market cap... infinite growth potential lol!
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