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Re: zgoldies2 post# 118573

Wednesday, 11/11/2009 12:03:19 AM

Wednesday, November 11, 2009 12:03:19 AM

Post# of 137667
I don't know where you've been getting your news lately but GM went bankrupt, the credit markets froze up and the U.S. economy collapsed in late 2008. To add insult to injury the financier of the company, Carnes, diluted the common to death and is now on trial for it.

The deals were real, the excitement was real and the potential was real, but things changed and the business plan failed. Shareholders became hostile and happiness turned into sadness for many.

I hate to bust your bubble, but investing in a start-up does not guarantee an investor a return, in fact start-ups are more likely to fail than succeed based on historical statistics.

Like any true entrepreneur, you get up, brush off the dust and tend to your bruises, but you don't give up.

Don't you think with the current investigation, had the CEO of RVGD done anything wrong he would be a defendant?

Business plans fail more often then they succeed. Quit trying to place the blame for your losses on others. You bought into a start-up, if you didn't realize the risks associated with that then you probably should reevaluate your investment strategies or invest in securities more to in line with your risk tolerance.

Start-ups are high risk.. with high risk comes the potential for large rewards, but you are never guaranteed those rewards, never, and the cards are always stacked against you from the get go.

You run your own small business do you not? You should know first hand how difficult it can be to get your business off the ground.

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