General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsMike Lindell: My Company Lost $65 Million Because I Claimed Trump Won In 2020
Link to tweet
Play stupid games, win stupid prizes!
Rustyeye77
(2,736 posts)Bucky
(55,334 posts)Why couldn't he lose more?
dickthegrouch
(4,392 posts)If I were a shareholder, Id use that admission in civil court to recover anything Id lost as a result of his idiocy.
ProfessorGAC
(76,132 posts)It's a closely held corporation. He and a few long time financial backers own the whole shebang.
But, he didn't lose $65 million. He lost REVENUES of $65 million. Yearly!!! And, by his own admission will likely never recoup. This suggests that the lost revenue will equal total valuation of the company in around 30 months!!!
The company is only worth $26-27 million in equity with around $123 million in debt. His interest bill is nearly $5 million a year.
With a debt:equity of 4.86, he's not getting an increase to line of credit and losing over 40% of total revenue is going to kill his company.
Just like T---p, he lies about his assets & net worth. His lunacy is going to ruin his cute little junk shop company.
EYESORE 9001
(29,525 posts)it had a hook in it.
Tribetime
(7,097 posts)Initech
(107,981 posts)EYESORE 9001
(29,525 posts)So even if Rodney Dangerfield used it before then, I didn't hear it from him. It sure AF predates Steve-O.
Thomas Hurt
(13,976 posts)Lovie777
(22,267 posts)victimhood . . ... 3....2.....1
sop
(17,927 posts)TwilightZone
(28,836 posts)Now, lose the rest.
Trueblue1968
(19,144 posts)rickyhall
(5,509 posts)Hekate
(100,133 posts)Stuart G
(38,726 posts)demtenjeep
(31,997 posts)lose some more
asshole
FakeNoose
(40,730 posts)
SeattleVet
(5,858 posts)Just free enterprise at work...what's his problem with that?
BradAllison
(1,879 posts)FlyingPiggy
(3,748 posts)So I can replace all the pillows in my house (its time).
Bucky
(55,334 posts)ibegurpard
(17,077 posts)StarlightGold
(372 posts)Ill sleep well tonight.
Tanuki
(16,355 posts)VarryOn
(2,343 posts)You gotta be prepared to ultimately have it bite you in the ass.
