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Wednesday, February 16, 2011 10:05:27 AM
That all sounds great... but lets put your numbers to work. Rheingold grosses $250k for 4 consecutive quarters, but the "cost of sales" for it are inflated and will most likely eat up $700k over that period. How much is the annual salary of PK again...? $641k or something close? That makes it awfully hard to pay back that overhead debt that's still accruing interest. So how do you pay it down?, you ask. A stock offering of course!
My point isnt that Rheingold wont be at least a limited success. My point is that there are only about 3-6 people that will stand to profit from it's success. The captain undoubtedly will sacrifice the ship and crew to find the treasure in this case. And we gentlemen.... are not the captains.
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