GREY:NMKEF - Post by User
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Calgary_ABon Oct 02, 2020 7:48pm
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Post# 31662012
RE:RE:Calgary: The times are changing
RE:RE:Calgary: The times are changingshorter story:
It is the case of a good project with very bad management...
Bad management can ruin a good company and good management can make a bad company succesful...
Calgary_AB wrote: clmclm;
many things caused it, in my opinion:
- GB had a bad resume to start with, T-REX vehicles went broke under his watch...people here argued the point that was not his fault...I'd say it was his fault because he wants to run before he knows how to walk...dreaming too big and goes for it without a solid plan and back up plans.
- he has good ideas but changes his mind all the time and pushes for more and more until the engine heats up and explodes.
- in order to get the financing for his big ideas, he was lying, deceiving and evrything in the book to get the financing without ever even considering any negative event that can impact his plan...|AKA "no plan and no back-up plans"
- because of his deceiving, lies and pumping efforts to to anything to get financing, he was succesful getting a group of very brainwashed supporters that helped him brainwash more and more people to invest in his (at this point) scam.
- he needed supporters to buy the retail shares that sharks (big banks) that financed his shares had some place to unload them...that was a big red flag when good news would come out and SP would increase volume and SP would drop...that was sharks unloading to retail LONGS
- He got used to getting financing any time he run short...so easy come easy go...he wasn't watching the spending.
- he oversold future production and made many bad deals
- he had crooks around him...it's funny how crooks and sharks smell the easy money and right away they rush to get in...
Once more serious people got involved (Bonds) they no longer took the lies without actual delivery of promisses and $hit hit the fan...