Re: financing...according to Parent, He re-iterated that NO start-up company has money so they either borrow, offer private placements or sell shares, they chose to use private placements over borrowing money and going into debt.
He said they sold to people who are convinced that this company will explode some day and in his words, they are not going to sell for a measly 2 or 3 cents.
Bottom line, you get a valuation for a company by dividing profit by outstanding shares.( E/S )If you offer private placements your OS will go up in about a year, if you borrow money your profit margin decreases. Either way, You are just working 1 part of the fraction to come up with roughly the same valuation.
Hopefully this will cause your nemesis to take pause if he takes time to diges this.
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