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Re: anderbest18 post# 138169

Wednesday, 02/27/2008 4:38:55 PM

Wednesday, February 27, 2008 4:38:55 PM

Post# of 245698
Venture capitalist is a different story and in that scenario you are talking about much more risk. It's the old adage of no risk/no return.

In the beginning, start-ups have little, if anything, to cling to in terms of providing lenders with credit worthiness - thus enter the VC's. Of course, they demand double and sometimes triple digit returns if they are going to put down their cash in the next "bottled water" dream.

And while everyone cries about these VC's and how they rape and pillage, I have to say..."hey, I didn't see you throwing down the initial $500,000 or so to get the company started..."

The next step in the evolution of the company is to obtain more conventional financing...enter Wells Fargo. This is a very positive sign of the operational aspects of a company moving forward.

This is not to say a Seaway might not dip into the VC vault again...after all, they are in the business of purchasing companies and turning them around. It is a speculative sport and as such might not get the backing of the conventional financial arena. But, anyone invested in this stock should know this - we are a holding company that is looking to grow through acquisition and expansion. Our product is not in retail...our product is acquisition and expansion.

“A pessimist sees the difficulty in every opportunity; an optimist sees the opportunity in every difficulty.”
Winston Churchill