Post by
mathandmass on Jul 12, 2018 11:42am
Just a thought
Have you guys ever considered that Jay Wilgar might not be interested in running a business in the first place? Think about it: he sold his first company, he tried to sell this one (but got dumped last moment). He structures the corporate entity as constellation of "brands" so it can be sold off piece by piece too. Maybe he just sees himself as the sort of guy who starts businesses, builds them up (with other people's money) and sells them at a profit. That would surely explain why he does not care to give updates or hustle hard for agreements. Or why he accepts lowball financing offers when company is not in a particular need of cash. Tanking sp is not a concern if you can't wait to be bought out and move on. He will make money either way, you might not. The more I think about it the more it becomes obvious.
Comment by
mathandmass on Jul 12, 2018 12:35pm
Yeah I remember that sale. It was weird: just a measly 2 million deal, if I remember correctly. I was like - why would you go through the trouble for 2 mil if you have 100 mil in the bank, supposedly? What would it give to the company? I think it was basically Jay testing the waters - how you spin assets off separately in this sector.