So... essentially, B&D has to sell a shipload of a relatively expensive, albeit useful, gadget of limited appeal for SQUM to make anything of substance? Don't get me wrong, I intend to buy one... and I must say that I am very pleased that these guys will only see $.50 of my $200!
What will the next hobby be? Let's see... they've failed in sports, , printing, web development, travel (remember nra-travel.com?) and high-tech toys! What's next? I'm quite suprised that they never tried their hand at subprime mortgage lending! Maybe they will be in biofuel next! They could use their European connections to acquire land leases in The Netherlands where they could grow corn... Hmm... a biofuel company at $.05? Time to buy!!!
I have read through all of the filings and press releases since the reverse. They have had a scizophrenic business model over the years at best. They literally blew a small fortune on high-volume printing equipment in version 1. They were then a software development and Internet company. How these guys continued to finance their hobbies with investor cash is beyond me! I even read that they have a helipad at the office! WTF? They can't make a small debt payment, but are flying helicopters on investors money???? Where can I get a job like that? Then again... even though it would be fun, I don't look good in stripes and wouldn't enjoy the food at the institution where Nick and co. should wind up.
I only hope that truth of the whole story comes to light when the house of cards finishes crumbling.
