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Mike Lindell fafo (Original Post) catbyte Feb 2024 OP
Awww... GiqueCee Feb 2024 #1
OMG! sheshe2 Feb 2024 #2
R U pulling my leg? KS Toronado Feb 2024 #23
They Don't Want To Be Associated With Deadbeats ProfessorGAC Feb 2024 #3
His pillows are crap, too. I honestly can't understand how he's managed to stay in business this long catbyte Feb 2024 #5
I Do ProfessorGAC Feb 2024 #6
He managed to stay in business *because* of his despicable politics. SeattleVet Feb 2024 #12
'They conserve nothing but concentrated power for an elite subset of citizens.' byronius Feb 2024 #24
Thinking the same thing ToxMarz Feb 2024 #20
Well, why doesn't he ask his friend Donald for help? calimary Feb 2024 #27
Supposedly, So Was Mikey ProfessorGAC Feb 2024 #29
Please, oh please! sheshe2 Feb 2024 #4
OMG, he's SO pathetic! ShazzieB Feb 2024 #7
Mike, Jared has a couple of billion$ to invest. keithbvadu2 Feb 2024 #8
never heard of the man untill trump. dont think i want to buy his products either. AllaN01Bear Feb 2024 #9
Waaaw Wild blueberry Feb 2024 #10
Will this do? area51 Feb 2024 #25
Text... Hermit-The-Prog Feb 2024 #11
Mike looks like he's living in a van down by the river. edbermac Feb 2024 #13
His lumpy pillows suck JoseBalow Feb 2024 #14
Every Trump touches dies... surfered Feb 2024 #15
Eeeeeeeeuw! calimary Feb 2024 #28
There's a word for this. Dem2theMax Feb 2024 #16
Aren't they the people that wanted to make sure cpamomfromtexas Feb 2024 #17
Anyone taking bets as to when he's on crack again? Javaman Feb 2024 #18
So how much do you owe them, and for how long? twodogsbarking Feb 2024 #19
Aaaaaaaaaaaawwwwwwwwwww Chicagogrl1 Feb 2024 #21
I'm pretty much heart-broken for that. I just wa...Ah..What's for supper? chouchou Feb 2024 #22
Like FOXNews they didn't want to associate w/ someone who doesn't pay their bills? RockRaven Feb 2024 #26

ProfessorGAC

(77,277 posts)
3. They Don't Want To Be Associated With Deadbeats
Sat Feb 10, 2024, 06:38 PM
Feb 2024

There is no possible way he's up to date on accounts payable.
It was a small company with a huge debt load, so no treasury to speak of.
Now that revenues are 60% of what they were (his number, I think it's worse than that) there's no way they can pay their bills.
I wonder how many people have gotten laid off because of his stupid quest.
While they were low paying jobs, he had 1,500 FTEs at peak. (Ridiculously high for $150 million total revenue.) There's no possible way they can afford that bloat now.
He wants people to think it's his politics.
But, what is bad business is to keep providing service for people who can't pay the bills.

catbyte

(39,308 posts)
5. His pillows are crap, too. I honestly can't understand how he's managed to stay in business this long
Sat Feb 10, 2024, 06:51 PM
Feb 2024

even without his despicable politics.

ProfessorGAC

(77,277 posts)
6. I Do
Sat Feb 10, 2024, 07:00 PM
Feb 2024

Low prices & enough banking suckers to keep expanding his business on massive debt.
I don't analyze that many corporations, but the numbers are his outfit were stunning.
5 parts debt to 1 part equity? GM has a D/E of 1.8 and many analysts think that alarmingly high. Lindell was at FIVE!
Bankers thought a recovering crack addict was a good risk to the point of a stratospheric D/E?
He was just a temporarily lucky puke who believed his own press releases.
There is strong suspicion that he self-edited his wiki page to add an impossibly high net worth. No wonder ge and TFG were kindred.
Both serial liars & abusers.

SeattleVet

(5,932 posts)
12. He managed to stay in business *because* of his despicable politics.
Sat Feb 10, 2024, 07:26 PM
Feb 2024

He learned quickly that the MAGAts, Q-bots, and other intellectual giants of that ilk were great marks. Toss them a few red meat bogus claims and they'll buy your crap to help you out.

Much the way the alleged 'billionaire' twice-impeached ex-President currently under 4 indictments for 91 felonies has been able to grift the rubes.

As long as you claim that your views are 'conservative' (when in reality they conserve nothing but concentrated power for an elite subset of citizens) you can rope them in.

byronius

(8,017 posts)
24. 'They conserve nothing but concentrated power for an elite subset of citizens.'
Sat Feb 10, 2024, 08:36 PM
Feb 2024

That is the truth. And that subset is solidly incompetent.

It's hilarious when someone successfully ropes them in. There have been a few examples -- the most successful one being the two brothers who posed as a conservative news and analysis website. They collected tens of thousands of subscribers and sold ads by aligning themselves with several high-profile Republican congressmen.

They pulled an excellent prank at the end, but I can't remember what it is.

ToxMarz

(3,065 posts)
20. Thinking the same thing
Sat Feb 10, 2024, 08:16 PM
Feb 2024

He's so not a thing anymore, no one would waste their time going after him by causing his web service provider grief. He's just selling schlock now, not election lies (not so much anyway, but not relevant).

ProfessorGAC

(77,277 posts)
29. Supposedly, So Was Mikey
Sat Feb 10, 2024, 09:30 PM
Feb 2024

There were claims of over $300 million, but the company history doesn't allow for him to ever have accumulated a tenth of that, at most, with 60% of that being his modest company.
We know one thing for sure. They both lie about how much they're worth. And, Lindell is even worse about it than TFG.

Hermit-The-Prog

(36,631 posts)
11. Text...
Sat Feb 10, 2024, 07:17 PM
Feb 2024
Mike Lindell announces that the merchant server for some of his websites just canceled him. He says they told him they no longer want to be associated with his name.

edbermac

(16,487 posts)
13. Mike looks like he's living in a van down by the river.
Sat Feb 10, 2024, 07:28 PM
Feb 2024

Soon he’ll have Matt Foley to keep him company.

cpamomfromtexas

(1,498 posts)
17. Aren't they the people that wanted to make sure
Sat Feb 10, 2024, 08:03 PM
Feb 2024

Bakeries and doctors and pharmacies don’t have to serve people they don’t want to serve?

Karma baby!!

Javaman

(65,978 posts)
18. Anyone taking bets as to when he's on crack again?
Sat Feb 10, 2024, 08:11 PM
Feb 2024

I honestly think it fried his brain the first time

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