I do own a business and I know a few people who have ended up bankrupt because they thought 30K/year was reasonable for car expenses. Go to any successful large, medium, or small company and you will find even top management drive personal not expensive company cars. They earn the money and go buy a vehicle. I believe telephone was a separate line item and probably covers high speed T1 or higher data service as well as multi-line voice and WATTS service. An investor or distributor should not care about what kind of car the owner drives. It is about the business plan, execution, and delivery. IMO this business plan looks solid but execution and delivery have been lacking. That is why my first post on this board asked these questions:
"What happened to Nick's luxury car business, Driven Image?" There is no trace that I can find. Successful ventures do not usually disappear.
"Why did they hire an IT application architect as a CFO?"... Can he execute the financial part of the business plan to provide value to the shareholders.
What about the first page of the financials showing Assets/Liabilities being balanced to the penny. Does that not strike you as strange. Do you often see a balanced budget in a startup? I do own several thousand dollars worth of this stock and will wait a few months to see if execution can make us some money.
IMO it will now only move on big news like the MLB publicity.
Just some food for thought
AI
