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ProfessorGAC

(76,622 posts)
10. My Take
Fri Dec 31, 2021, 09:38 PM
Dec 2021

There's shadows paying for all this.
Crackhead Mikey doesn't have this kind of money.
He had about 80% of equity in a $150 million company with $123 million in debt.
He had at most, $30 million. And, his company's cash flow has been in tank for nearly a year. So, he's not making any new money.
He's a crazy frontman & the cash has to be coming from those for whom the goals are more important than return on investment.
He simply doesn't have the resources to sustain it, and there's no profit in the endeavor.
It's somebody's version of a loss leader.

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