Yes, and it appears the funds are not available. Here's a similar scenario. As most of you know, I bought a church in the last couple weeks. I did not have the funds to do so, and found an outside investor willing to do so, but at a cost that would essentially allow them to own the church, as well as the profits from the daycare, the tithes, and offerings. I do not take a paycheck from the church, or daycare at this time, but reinvest all the income back into the church. For the past 5 years, the church has experienced negative profit... yes we spent more money than was coming in to keep the doors open. The financing to do this came from my own pocket, and my pockets are not deep. I work a 40 hr job for an eye Doctor.
So we decided not to move to the new church as the investors could care less about the future of our church. They just saw a potential cash return for their investment. Nothing wrong with that, per se, but it wasn't in the best interest of the church, so we decided to stay in our condemned run down building.
Now, I propose the same thing is happening with MNTY. Remember when Des went to New York, and obviously came home empty handed. He could have closed the deal, but at what expense.
The church went to plan B, and we ended up getting the Church on our terms. Now MNTY has moved on to plan B, and it's still on our terms, and Jason and Des, and James are still in control. They are not taking a salary from the dilution. We will all soon see where the money is going, and I'm glad it isn't going to some carefree investors in New York.
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