(Topic ID: 229649)

The Pinball Company - WeFunder Comments

By PinballCompany

5 years ago


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  • 121 posts
  • 52 Pinsiders participating
  • Latest reply 5 years ago by MacroMegas
  • Topic is favorited by 3 Pinsiders

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    #115 5 years ago

    I hope these guys do well. Nic and Brooke seem like hard working people.

    Key Man Life insurance?

    What do 2018 numbers look like compared to 2017?

    Mandatory tax distributions for equity holders?

    Salary caps?

    I'm curious about "Use of funds"

    USE OF FUNDS
    9. What is the purpose of this offering?
    The Company intends to use the net proceeds of this offering for working capital and general corporate purposes, which includes the specific items listed in Item 10 below. While the Company expects to use the net proceeds from the Offering in the manner described above, it cannot specify with certainty the particular uses of the net proceeds that it will receive from from this Offering. Accordingly, the Company will have broad discretion in using these proceeds.

    10. How does the issuer intend to use the proceeds of this offering?
    If we raise: $500,000
    Use of Proceeds:
    95% towards inventory; ; 5% towards WeFunder Fees

    If we raise: $1,000,000
    Use of Proceeds:
    50% towards inventory ; 45% paying back existing loans; 5% towards WeFunder Fees

    #116 5 years ago

    GL to you guys, I would just keep grinding it out yourselves and forego all the future potential problems of having limited partners

    Sink everything back into the business and hire more people until it hurts.

    Fire yourselves from $10 an hour tasks.

    Patience. Rome wasn’t built in a day

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