Quoted from iamabearsfan:
Show me the balance sheet. Show me the cash flow statements. And the only one who as the exact forecast numbers for demand is JJP. So many experts on these boards....
When you see smoke pouring out of the house... do you wait for the flame to burn your hand before you are convinced there is a fire somewhere?
You are making up artificial standards as the only thing that matters so you can conveniently ignore everything else. You quickly seem to forget the LAST round of investment.. what did that actually add.. why they needed a SECOND round as well? There is a reason they won't tell you exactly what the new money will add... and you can keep ignoring realities like
- they supposedly have all this demand.. but won't ramp up production to match it
- they have documented credit issues
- we have cited vendor payment issues
- we have a company that has operated for years with very few income streams
- we have products that have been years late - this does not come for free!!
All of these things are undeniable examples of things that put pressure on financials and are signs of smoke in terms of sustainability. If there were no financial strains, most of the above wouldn't happen, and the founder would not have had to take on investors like he so adamently believed he wouldn't. The reason to change your mind is because you NEED them. If he had all the financial resources he needed w/o them.. he wouldn't NEED investors.
Sometimes this forum sounds like the 'Earth is flat society' -- they just don't want to believe what is in front of them.