Friday, February 22, 2013 1:55:00 PM
Now can you believe him? If so, why? What has he ever said to anyone that was legitimate? This would be a first.
Let's say this VITAL information is for real. What is a hundred customers in the big scheme of things. I owned a small telecom company years ago and in the eight years these guys are in business with perhaps a hundred customers... we had built our to well over a hundred thousand customers with offices in three states and a staff of almost 200. We had 19 mall locations and four free standing stores.
We were in at the beginning of the telecom revolution. We were a private company and our entity was bought by a public company (NASDAQ) giving us the opportunity to retire.
The reason I say this at all is that 100 customers is like a speck of sand on the biggest beach in the world. Worse is the target market consists of very poor people. The churn rate among the poor in the telecom / recurring revenue world was the worst among all age and income groups.
So GOOD LUCK WITH MR. GEORGE AND HIS 100 CUSTOMERS @ $40.00 a month. That would be about 50,000 a year gross sales. Gross profit of 40% leaves 20,000. Deduct salaries, rent, advertising, consultants, taxes, filings, accounting services, legal services, insurance, auto expenses and entertainment and how much is left for YOU and the other INVESTORS. DO YOU GET MY POINT...
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