Post by
newsimon1707 on Jul 26, 2017 12:12pm
FCC deal Vs a Car deal... for you ikholm and all others
Sorry if I didn't answer you faster... I will try my best to illustrate you the deal our CEO kindly got for us, and he told us that this was a great deal on top of this!
You have a BMW M3 that is worth 75,000$ and you also have 4 turbo sitting in your car trunk that you have has extra part... your familly is growing and your 3 teenagers are growing older and they now need a car... so you go at a Kia dealership.
You meet a sale representative and have discussion with him... he shows you a model that is worth 18 750$... you show him your car, and tell the guy, you know what, I am open for discussion for a trade in... my car is worth 75,000$ plus my 4 turbo... so you are thinking, ok, I will be able to trade my 75K car for 4 Kia... one for me, and 3 for my kids...
The model you are looking for, as been for sell for 18 750$ for almost the last 3 months...
So you keep exchanging e-mails with the guy, and 2 days later, you supposedly work a great deal, but the guy tells you this:
Car seller-Sorry my friend, I won't give you 4 Kia now for the deal... I will give you only 3!
You-What?? Impossible, my car is worth 75,000$, plus my 4 turbo sitting in my trunck, my and
you sold your last 100 Kia at 18 750$... why that sudden change? Why are you now giving me 3 cars worth 18 750$ instead of 4??
Car seller- Oh, but my Kia aren't wort 18,750$ now, they are now worth 25 000$ a piece!
You- Impossible, I won't take 25 000$ as a value of your car, the last 100 you sold were sold at 18,750$... that is the trade in value we should use! How the heck do you come to a 25,000$ value for you cars... 2 days ago they were 18,750$ and they were at that price for the last 60 days, plus you've sold 100 cars at that price... that looks to me as your real price for your Kia is 18,750$, not 25,000$
Car seller- Yeah, you are right, but you know what I did... after we talked 2 days ago, I advertized my Kia + a turbo in it... remember the turbo you are also trading that are in your car trunk? So now, my Kia are a much better car, they will go faster, you will enjoy them much more now! We are not talking about the same Kia we were talking 2 days ago, this Kia now has a turbo!
You- Hey man, sorry, but the turbo in the car, it's my turbo! So you are now charging me much more for the cars, but you took my turbo to increase the value! Doesn't make sens! you are making me pay more for the value that I bring you in the deal... so I am kinda of paying for my turbo! Doesn't make sens! We should be making a deal at the value of your car, before you added the turbo! It's my turbo! And how did you came out for that 25,000$ value! It's completely arbitrary!
Car seller - Absolutely not, it's not arbitrary at all! What I did after we initially talk, I called my mother... I told her, mom, I have a great Kia with a turbo in it (I know, it's still your turbo since we haven't sign a deal yet, we are just talking... but I assumed we would conclude!) and I told my mother, don't worry, you will pay a bit more for your car, but once I ink that deal with that guy, we will have an extra Kia (remember the initial deal, I was supposed to give you 4 Kia for your car, now I am giving you 3! So I have your car, plus I still have 1 extra Kia in my garage, I make an awesome deal).
So yeah, the last Kia I sold with a turbo, I sold it for 25,000$, so this is now the price for my Kia with turbo (your turbo actually...! But who cares, your new Kia will go much faster!)
So over 2 days, since we've started to discuss, I am now giving you 3 Kia for you car instead of 4, because my Kia are worth much more now that I advertise them with your turbo! So 25,000$ is the price!
You- Well, you are right, even if your Kia were selling for 18,750$ for the last 60 days, that you've sold 100 Kia at that price, well, that new Kia with my turbo will go much faster... and you sold 1 Kia with my turbo in it for 25,000$, so I don't think I am getting screwed here! So ok, I accept 3 Kia instead of the 4 I was supposed to get 2 days ago!
You now come back to your house, and tells your wife what a great deal you made, that she should be happy, because the Kia with the turbo will go much faster now, only one of your kids won't have a car instead of the 3... so your situation is much better now...
My question is, even if your situation is now much better, didn't you get screwed in the deal??
It's the exact same deal we got for our CSK shares! Exact same deal! I hope it helps you understand why I am pissed at our amazing CEO! He got us 3 cars with our own turbo on the 23rd of June instead of the 4 he should have get for us at the begining of the discussion on the 21 of June! And FCC share traded for 0,55$ for almost 3 months before they've announce the LOI... and FCC sold 300-500,000 shares at 0,76$ compare to 25 million shares at 0,55$ in the previous 60 trading days... it went from 0,55$ to 0,76$ because of our value and Cobalt one value (our own turbo) D
So yeah, we will now have shares of FCC that will probably do good because it's now a complete company... but this doesn't matter! It's not part of the deal... the deal is how much was FCC worth compare to CSK before the deal, and how many shares (cars) you should receive for your CSK shares (BMW!)
Do you get it?