I agree businesses have failures, it is what makes the ones who make it through the struggle, strong. And without it capitalism doesn't exist. I just find it interesting that Blair took advantage of the LGBT community as his catalyst in his first failed attempt, and now he's at it again with a similar montra.
Blair seemed to be a skilled tennis player at one point as well as a good tennis academy general manager. These are great talents.
However, it was evident that he was an extremely poor business leader after MMPW crashed and burned. If he wouldn't have declared for bankruptcy, he could potentially be in jail. Those are not my opinions, those are facts.
The only way LFAP would be remotely successful is if he stays 'face of the franchise' while not having much pull in the real business decisions. Maxim likely sees him as nothing more than a connection to the community they want to reach. If he's OK with being the pet, then maybe there's potential.
Regardless for the reasons why the South Florida article was written, I think it's a great demonstration on what happens when people choose not to look behind the curtain and only believe what they want to hear. I thought it was well written and it obviously followed the demise of Blair very closely. My guess is that it was covered by someone who Blair burned in the first go-about. But it could just as well been great reporting from someone in the LGBT community.
LFAP has only been receiving real volume for about 1 month. There is plenty of time for it to fall apart. Not saying it will, but I think it's too early to say that falling apart is out of the question when still in its infancy.
I will say that the float being locked up for 6 months(?) is a strong move in the OTC market.
Anxious to see how it turns out. As apparently the only skeptic on the thread, I'll be watching!
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