Replies to post #120251 on Mike Lindell Media Corp (MLMC)

[jrod]

True, Not good for us-e-

[boofusboy]

JT... that is exactly right. If you want to play with the big boys, you'd better have skills to play with the same preciscion and business savvy. I think we were thrown a bone because it would come out that the DVDavenue deal was off. This was sloppy. Anyone can see that. Now...with that said, I am still LONG. HOWEVER, anymore mickey mouse moves like that and hey... my money can go elsewhere. There was no excuse for this. EOM

[xanadu]

Example. My wife and I buy the home of our dreams. We salivate over moving in. We set aside and pay deposits on new furniture for several rooms. We place $2,000 earnest money in the hands of our agent because we know we want that house. Then, the termite inspector comes in and finds out there is extensive damage in the roof of the house. The City inspector comes in and determines that the ceiling in an upstairs is too low to qualify as a bedroom and you have too many children to be able to occupy what remains to be granted an occupancy permit.

There are such things as hidden damages. There are some things such as item is not as presented. There are some things such as........... I can not find fault for management discovering after a deal was signed that the product was not what we believed we were buying and thus demanded, and hopefully received, their ernest money back. Also, in the case of the house, if I as the buyer had paid for a whole house inspection at my expense (our merger and acquisition outfit) and the deal fell through because we would have been left holding the bag so to speak, then the cost for the inspector would have been well worth the final result and possibly, even if we had to forfeit our earnest money, we'd come out ahead in the long run.

Hopefully the experience did not cost us any more than our auditor/inspectors fee. Actually that outfit possibly charges a fee of a certain percentage based of the final acquisition cost. May not have cost us a nickel since it fell through.

[Brytex]

JT and jrod, this is not a bad thing...

Say you want to buy a house. Realtor tells you it has A, B, and C. Great! Just what you want. What's the FIRST thing you do? SIGN A PURCHASE AGREEMENT.

So then you do your inspections and DD. Turns out the house only had A and B, but not C. Sorry, but you gotta walk away.

So do I call you a fool for not finding out ahead of time that the house was not a good fit for you? I mean, you did waste time (at least two weeks for inspections), and you did waste money (cost of inspections and reports), right? Would that really be the correct way to look at things? No, it would not.

You would have done the right thing to walk away even though you lost time and money in the process.

This is a similar situation with GZ and DVD Avenue. Good for JF and Chip for walking away.

jmho, bry