InvestorsHub Logo
icon url

Black Beerd

01/26/12 11:45 AM

#180896 RE: butcherman #180895

"in less then 6 years? If there is one, that would be remarkable wouldn't you think?"

By no means would I think thats remarkable. It should privately or publicly be a disgrace. Whats remarkable is that after spending millions and millions of stockholders money that in 6 yrs they still aren't sustainable with their own revenue stream. Actually I find the CEO's track record of results deplorable after 6 yrs.

Not that it matters or that anyone should care but you asked'

"do you no of any company that has gone from nothing to positive income in less then 6 years?"

The answer is yes, I did it twice . One company I bought out of bankruptcy and became profitable in 13 months. I pledged my 1st born and just about everything I owned on my 1st purchase. Funny thing how having ones own "skin in the game" has a very different motivation when you become accountable to your family. vs shareholder money and people you never have to look at in the eye.
icon url

Black Beerd

01/26/12 11:53 AM

#180898 RE: butcherman #180895

BTW, fair question but the big dynamic here is that look at the dollars spent resourced through dilution and look what you got for it. There is no return on investment. The new question is , how long do you support a failing CEO's results reflected by the balance sheet. You still can't take hot air and blogs to the bank, cash them in and write checks with them.
icon url

wizkid1

01/26/12 12:38 PM

#180909 RE: butcherman #180895

Plenty of companies are able to accomplish going from nothing to positive income in less then 6 years but it depends on the type of company. Example: mobile car wash business, minimal outlay of funds but able to make profit in short period. Of course that business may take a while before it is able to go national.

There needs to be an apples to apples comparison between company start-up types. Hanson Soda or WD-40 would be better comparisons on how long it takes to go from 0 to $$$$.